Momentum Housing Data · Home Values · Lee County
River Oaks (Alva, FL): 5 recorded closings in the 12 months ending 2026-07-29, an 8-year price record, and the year-by-year record — every number from recorded MLS closings, none from an estimate model.
In the current window, sellers accepted a median 91.5% of original asking; the median sale took 107 days (window ending 2026-07-29).
| Year | Median sold | Median $/sqft | Median DOM | Sold ÷ original ask | Sales |
|---|---|---|---|---|---|
| 2026 | $355,000 | $202 | 107 | 91.5% | 5 |
| 2024 | $345,536 | $189 | 24 | 98.2% | 9 |
| 2023 | $335,000 | $200 | 25 | 97.3% | 10 |
| 2022 | $325,000 | $189 | 9 | 94.3% | 4 |
| 2021 | $292,900 | $174 | 57 | 100.9% | 5 |
| 2020 | $229,950 | $170 | 5 | 100.0% | 3 |
| 2017 | $187,000 | $139 | 10 | 100.0% | 3 |
| 2015 | $172,600 | $98 | 23 | 94.0% | 7 |
Over the recorded series, River Oaks’s median sold price moved from $172,600 (2015) to $355,000 (12 months ending 2026-07-29) — +106% over that span, with every year’s figure from recorded closings, not a model.
The recorded series starts in 2015 at $172,600. Annual sales volume here has ranged from 0 to 10 closings a year (10-yr average 4.4). With roughly 4.4 closings a year, River Oaks’s medians move in steps, not curves — a handful of unusual sales can swing a year, which is why the sales count sits next to every figure above.
What actually trades here: 100% single-family residence, with a median of 1,755 sq ft and a median price per square foot of $202 in the current window.
At River Oaks’s $355,000 median and Lee County’s adopted 15.97 mills (FY2025-26), a home assessed at that price carries roughly $5,670 a year in property tax before exemptions, or about $5,000 with the full Florida homestead exemption — a buyer’s first-year figure; a long-time owner’s Save Our Homes cap can be far lower, which is one reason resale taxes jump at closing. Municipal and special-district millage varies inside the county; see the Lee County tax page.
Cash bought 20% of recorded River Oaks sales in the window ending 2026-07 (1 of 5) — a fact worth knowing before assuming every buyer needs an appraisal to close. The table above is the closed-sale record to price a River Oaks home against; asking prices are an opening position, recorded closings are the value.
We don’t publish algorithm guesses for specific homes — they can’t see condition, upgrades, or your lot. A local agent will prepare a records-based valuation from the same closed-sale data on this page, adjusted for your home. Free, no obligation.
By submitting, you agree Momentum Realty may contact you by phone, text, or email about your inquiry. Consent is not a condition of any purchase. Message/data rates may apply. Reply STOP to opt out. See our disclosures.
Communities buyers shopping River Oaks are also weighing (same ZIP), each on its own recorded 12-month closings. A median well above the neighbors is a ceiling to price against; well below is where the value argument lives.
| Community | Median sold | Median $/sqft | Median DOM | Sales |
|---|---|---|---|---|
| Hampton Lakes | $380,000 | $166 | 45 | 70 |
| Cascades | $320,000 | $187 | 52 | 39 |
| Country Club | $404,500 | $198 | 71 | 62 |
| Ashton Oaks | $230,000 | $113 | 140 | 12 |
More River Oaks: full community guide & homes for sale · choosing an agent here · should you sell now (statewide data) · what selling costs · cash offer vs. listing
Listing information provided by the Florida Gulf Coast Multiple Listing Service, Inc. Information is deemed reliable but not guaranteed by the MLS to be accurate. Compiled from recorded MLS closings; deemed reliable but not guaranteed. Figures are medians for the stated windows and change as new sales record; individual homes vary widely. No automated valuation for any specific property appears on this page. Equal Housing Opportunity. © 2026 Move With Momentum LLC — brokerage licensed in FL and GA. Disclosures
Content on this page is compiled from public records, MLS data, and automated data sources, and may contain errors or be out of date. It is provided for general information only and is not a representation about any specific property, community, builder, or association. Verify all information independently before relying on it.