Located on Estero Island in Lee County, Florida, Fort Myers Beach is a beautiful beach community that offers the best in coastal Florida living, plus easy access to the Fort Myers metro area.
Fort Myers Beach is a quintessential sunny paradise, but there’s a lot more to the town than just sun and surf. Just ask anyone who lives here, and you’ll learn about the quality of life in this little coast town. So here is a look at real estate in the area, and tips to get a mortgage in Fort Myers Beach, Florida.
Fort Myers Beach Real Estate
Living in paradise comes at a price, and Fort Myers Beach is not immune to high home prices.
The median home price in Fort Myers Beach sits at $406,400, more than twice the median price than neighboring Fort Myers of $202,800. Fort Myers Beach’s median home price is also well above both the national median of $192,500 and the Florida State median of $199,800.
In the past year, home values in Fort Myers Beach have increased a huge 6.5%, well outpacing national and regional growth. Values are projected to keep rising as well, and Zillow forecasts that the median price will rise another 3.4% over the next twelve months. So, if you are planning to buy a home in Fort Myers Beach in the near future, consider purchasing your home as soon as possible.
Now, let’s take a closer look at the reasons Fort Myers Beach is such a great place to live, which partially explains the town’s high median home value and recent growth.
A Sunny Paradise
One of the biggest reasons people love to live in Fort Myers Beach is revealed in the town’s name – its beautiful beach.
Estero Island has miles of white sandy beaches along the Gulf of Mexico, with a gently sloping sea floor that lets swimmers and surf-lovers wade far into the horizon without worrying about a drop-off. Plus, the pristine white sand offers a great place to watch picturesque sunsets.
Of course, there’s more to Fort Myers Beach than just a beautiful coastline. The town is located close to some of the most beautiful wildlife you can find anywhere, with the Everglades providing unmatched bird watching. Also, the Fort Myers metro area is located roughly halfway between Miami and Tampa, two cosmopolitan cities with lots of opportunity for cultural enrichment. And, Fort Myers Beach itself has lots of opportunity for community events and recreation, thanks to the numerous public parks and miles of popular beach.
Getting a Mortgage in Fort Myers Beach
Since Fort Myers Beach is so desirable, homes are more expensive here than many other Florida towns. So, it’s helpful for homebuyers to understand how to get a mortgage for a more expensive home when buying property in Fort Myers Beach.
If you follow a few easy steps, getting a mortgage in Fort Myers Beach can be accomplished in less than 30 days from the time you put a contract on a home.
Start by getting pre-qualified for a mortgage by calling or visiting your mortgage broker. You can be pre-qualified for a home loan in just a few minutes, then immediately begin working with a Realtor as a pre-qualified buyer.
As you look for a home, begin the longer process of becoming pre-approved for a mortgage. Your mortgage broker will help you every step along the way, answering all your questions and taking care of the details.
Once you are pre-approved, the lender will make a few more requests, which your mortgage broker will help you accomplish. Then you’ll receive a “clear to close,” and the lender will send the paperwork for closing to the title company/closing agent.
Marimark Mortgage is a Fort Myers Beach mortgage broker, serving the mortgage needs of homeowners and investors in all of Florida.
We specialize in conventional home mortgages, FHA, VA, and USDA mortgage options, refinance loans, and reverse mortgages. We’ve worked extensively with cash-out refinancing and help clients to lower their monthly mortgage payments.
To get started with a mortgage to buy your next home, please fill out our Quick Mortgage Application, or contact us direct.