For SaleRisky Deal20 days on market
8720 Spring Mountain Way
8720 Spring Mountain Way, Fort Myers, FL 33908, Fort Myers, FL 33908
$389,000
Estimate®:$378,100
Listing Price
8720 Spring Mountain Way, Fort Myers, FL 33908
Loc: Fort Myers, FL
Days Listed
20
Tax Assessed
$499k
Estimate®
$378k
Market Rate
Lot Size
4,879 sqft
Rent Estimate
$3,250/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
5
Heights Elementary School
PK-5
1.2 mi away
4
Lexington Middle School
6-8
1.6 mi away
5
Cypress Lake High School
9-12
1.5 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
stucco exteriortwo-storyattached garagescreened entrywaypaver drivewaymediterranean influenceresidentiallandscapedsuburbanwell-maintainedarched window detailcontemporarywarm color palette
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.20%
Total ROI
93.6%
Cash Flow
$-9/mo
DSCR
1.00
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-9/mo net cash flow with a 6.2% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.2%)
- • Strong rental demand in Fort Myers
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-14 | Listed for sale | $389,000 | $182 |
| 2026-09-07 | Pending sale | $389,000 | $182 |
| 2026-09-03 | Listed for sale | $389,000 | $182 |
| 2017-06-29 | Sold | $295,000 | $138 |
| 2017-05-31 | Pending sale | $309,900 | $145 |
| 2017-04-17 | Listed for sale | $309,900 | $145 |
| 2017-04-04 | Pending sale | $309,900 | $145 |
| 2017-03-27 | Price change | $309,900 | $145 |
| 2017-03-16 | Price change | $319,900 | $150 |
| 2017-03-08 | Price change | $324,900 | $152 |
| 2017-02-19 | Price change | $330,000 | $154 |
| 2017-01-05 | Price change | $339,500 | $159 |
| 2016-12-18 | Price change | $344,500 | $161 |
| 2016-09-10 | Price change | $344,900 | $161 |
| 2016-08-15 | Listed for sale | $349,900 | $164 |
| 2013-11-22 | Sold | $280,000 | $131 |
| 2013-09-25 | Price change | $299,900 | $140 |
| 2013-09-06 | Price change | $314,900 | $147 |
| 2013-04-11 | Listed for sale | $329,500 | $154 |
| 2004-09-10 | Sold | $280,000 | $131 |
| 2004-07-16 | Sold | $236,200 | $111 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $7,804.4 | $383,173 |
| 2024 | $6,949.73 | $348,339 |
| 2023 | $6,729.12 | $316,672 |
| 2022 | $6,390.66 | $287,884 |
| 2021 | $5,425.62 | $261,713 |
| 2020 | $5,346.86 | $251,941 |
| 2019 | $5,295.56 | $246,293 |
| 2018 | $5,295.56 | $250,340 |
| 2017 | $5,440.63 | $251,932 |
| 2016 | $5,547.65 | $233,012 |
| 2015 | $5,214.82 | $237,200 |
| 2014 | $5,368.88 | $220,208 |
| 2013 | $5,062.92 | $190,290 |
| 2012 | $4,206.16 | $181,713 |
| 2011 | $3,905.74 | $151,815 |
| 2010 | $4,375.55 | $175,813 |
| 2009 | $4,933.52 | $217,350 |
| 2007 | $6,485.92 | $329,940 |
| 2006 | $6,174.13 | $293,840 |
| 2004 | $1,721.47 | $30,310 |
| 2003 | $1,285.3 | $13,400 |
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