Terrace Iii At Riverwalk
Condos for Sale in Fort Myers, FL

Terrace Iii At Riverwalk market snapshot (as of September 20, 2026): the median sale price is about $239K ($183 per sq ft over the trailing 12 months of closed sales), and a median 122 days on market for closed sales. The trailing-12-month median is up 0% from the prior 12 months, computed from record-level Florida Gulf Coast MLS closed sales (3 closings in the current window).

In ZIP 33919 (Fort Myers), 951 homes closed in the last 12 months at a median of $270K ($194/sq ft), down 5.9% year over year, with a median 64 days on market. Right now 392 active and 106 pending listings — a buyer's market. See the live ZIP 33919 housing market and the Lee County market.

Florida Gulf Coast MLS sales records identify 6 homes in Terrace Iii At Riverwalk that have changed hands since 2021, built between 2006 and 2006 (median 2006), with a median living area of about 1,306 sq ft and a typical 2-bedroom, 2-bath layout; 100% are condominiums. Source: Florida Gulf Coast MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

Terrace III at Riverwalk is a small resale pocket within Fort Myers' Riverwalk area, where pricing tracks unit condition closely given the limited number of recent transactions to benchmark against.

A median of 146 days on market is the number that matters most here. That is not a market waiting for the right offer for a few weeks — it is one where listings sit through multiple pricing conversations before they close. Combined with a year-over-year price change of -2.4%, it suggests softening rather than stabilizing, and sellers pricing off last year's comps risk starting too high.

The $183 median price per square foot is a useful anchor, but with only three closings feeding the current window, it should be treated as a directional signal, not a precise ceiling or floor. Buyers evaluating a specific unit here are better served comparing it against its own condition and recent renovation history than against a thin community-wide average.

In a market this thin, the handful of transactions available do the pricing work — we know how to read three closings correctly instead of over-relying on them, and how to position a listing or an offer against a 146-day expected timeline rather than an optimistic one.

Listings in this community report association dues of about $177 per month ($2,124 a year) — the median AssociationFee across 40 MLS records, normalised to a monthly figure; most are billed quarterly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-10.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.