14938 Wise Way, Fort Myers, FL 33905 - Photo 1

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$699,990

For Sale
Active
Multi-Family
4 Units
0.316 Acres

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Property Description

Discover an exceptional waterfront investment opportunity at 14938 Wise Way in Fort Myers. This income-producing quadplex offers the perfect blend of strong rental potential and the sought-after Southwest Florida waterfront lifestyle. Situated on a gulf-access canal, residents can enjoy direct boating access and peaceful water views right from the property. Each of the four units features its own private screened porch, providing a comfortable outdoor space where tenants can relax and take in the waterfront setting. The units have also undergone recent cosmetic improvements, enhancing their appeal while helping attract and retain quality tenants. Whether you are looking to expand your investment portfolio or secure a multi-unit property in a desirable waterfront location, this quadplex presents a fantastic opportunity. With steady income potential, gulf access, and desirable outdoor living spaces for every unit, this property embodies the best of Florida waterfront living combined with reliable rental performance.

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Full Property Details

Full Property Details for 14938 Wise Way

General

Price: $699,990
Taxes: (2025)
Status: Active
Type: Multi-Family
Source: Bonita_Springs
MLS ID: 2026011138
Updated: 3/11/2026
Added to Site: 23 day(s) ago

Interior

Flooring: Tile

Rooms

Bathrooms

Total Bathrooms: 4
Full Bathrooms: 4

Bedrooms

Total Bedrooms: 8

Additional Information

Shared Amenities: None, Boating, Non-Gated

Exterior

Exterior Features: Dock, Wooden Dock
Porch/Patio/Deck: Patio

Location

Area: FE07 - East Fort Myers Area
County: Lee
Subdivision: FORT MYERS
Building Name: FORT MYERS

Community

Units Assoc/Comm: 4
Pets Allowed: Yes

Heating & Cooling

Air Conditioning: Yes
Cooling Type: Central Electric
Heating Type: Central Electric

Utilities

Sewer: Septic Tank
Water: Central
Cable Available: Yes
Utility Description: Cable Available

Structural Information

Description/Design: Quadruplex
Exterior Const.: Wood Frame, Stucco
Roof: Metal
Windows: Single Hung
Stories/Levels: 2
Year Built: 1971

Lot Features

Lot Size (Acres): 0.316
Lot Size (Sq. Ft.): 13,764
Lot Size Source: Property Appraiser Office
Lot Dimensions: 148 x 148 x 99 x 101
Frontage Feet: 148
Irrigation System: None
Lot Features: Irregular Lot
Zoning: RM-2
Lot Description: Irregular Lot

Water Features

Water Front: Yes
Gulf Access: Yes
Water Front Desc.: Canal Front, Seawall
Canal Width: Canal Width 81-120
Boat Dock Slip: Yes

Financial Considerations

Operating Expenses: $18,347
Tax Year: 2025
Terms: Buyer Finance/Cash, FHA, VA Loan
Tenant Pays: Electricity

Disclosures and Reports

Legal Description: W 147FT OF LT B LANDINGS EAST PARADISE SHORES PB 25 PG 80
Property ID: 21-43-26-07-0000B.0040
Section: 21
Block: B
Lot Number: B

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Schools

Schools serving 14938 Wise Way

School District:Lee County School District, Fort Myers, FL

Name	Grades	Distance
River Hall Elementary School 2800 River Hall Parkway, Alva, FL 33920	K-5	1.3 mi
Manatee Elementary School, Fort Myers, FL 5301 Tice Street, Fort Myers, FL 33905	K-5	5.9 mi
The Alva School 17500 Church Avenue, Alva, FL 33920	6-8	6.5 mi
Riverdale High School 2600 Buckingham Road, Fort Myers, FL 33905	9-12	1.4 mi
Lehigh Senior High School 901 Gunnery Road North, Lehigh Acres, FL 33971	9-12	6.9 mi
Gateway High School-0842 901 Gunnery Road North, Lehigh Acres, FL 33971	9-12	6.9 mi
Orange River Elementary School 4501 Underwood Drive, Fort Myers, FL 33905	K-5	6.5 mi
Tice Elementary School 4524 Tice St, Fort Myers, FL 33905	K-5	7.5 mi
James Stephens International Academy 1333 Marsh Avenue, Fort Myers, FL 33905	K-5	8.4 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 14938 Wise Way Get Price Alerts and Save Property

Date

Details

Price

Change

Source

3/05/2026

Listed

$699,990

21.74%

MLS

10/15/2021

Sold

$575,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 14938 Wise Way

Year

Property Taxes

Change

Tax Assessment

Change

2025

$1,879

-42%

$140,061

-2%

2024

$3,221

$143,275

2023

$3,132

-43%

$140,061

-63%

2021

$5,474

-39%

$377,144

-35%

2022

$8,961

64%

$577,003

75%

2021

$5,474

29%

$329,458

55%

2018

$4,231

20%

$212,394

10%

2017

$3,512

-24%

$193,085

-17%

2019

$4,593

73%

$233,633

73%

2016

$2,660

-10%

$135,419

-4%

2015

$2,961

$140,338

—

2014

$2,897

-1%

$140,338

—

2013

$2,928

—

$140,338

—

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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 14938 Wise Way

14938 Wise Way, Fort Myers, FL 33905 (MLS# 2026011138) is a Multi-Family property with 4 units containing 8 bedrooms and 4 full bathrooms. 14938 Wise Way is currently listed for $699,990 and was received on March 05, 2026. Want to learn more about 14938 Wise Way? Do you have questions about finding other Multi-Family real estate for sale in Fort Myers? You can browse all Fort Myers real estate or contact a Coldwell Banker agent to request more information.

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14938 Wise Way Fort Myers, FL 33905