Terrace Iii At Riverwalk in Fort Myers

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

All 1,446 homes for sale in Fort Myers, FL · median $240,000 · 1,091 condos for sale in Fort Myers · 418 homes for sale in 33919 · Lee County homes for sale

Community in Fort Myers · Lee County · ZIP 33919
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Photo via Florida Gulf Coast MLS

Built fromLive Florida Gulf Coast MLS dataUpdated twice daily

As of November 2026, Terrace Iii At Riverwalk in Fort Myers, FL has 5 homes for sale and 1 pending, asking from $190,000 to $235,000 (median $219,000). Homes listed or recently sold were built 2006–2006; 3 of 6 report an HOA (median $177/mo); none of the 6 geocoded homes sit in a FEMA special flood hazard zone (median elevation 8 ft).

Part of the Riverwalk master-planned community in Fort Myers, FL — see all Riverwalk homes for sale (12 listings across 5 villages and sections in the MLS).

Part of Terrace at Riverwalk, Fort Myers, FL — see all Terrace at Riverwalk homes for sale (8 listings across 4 sections in the MLS).

Last 30 days in Terrace Iii At Riverwalk: 4 new listings (median asking $216,950), 1 under contract right now. As of November 11, 2026, 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.

Live · Terrace Iii At Riverwalk Housing Pulse Florida Gulf Coast MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 10,000+ customers served · Top 1% in Florida (RealTrends)
Tempo
17%
Under contract
Lee: 15% (1,899 of 12,521)
5 · 1
For sale · pending
live counts, refreshed twice daily

Homes For Sale Right Now in Terrace Iii At Riverwalk

Live MLS inventory for Terrace Iii At Riverwalk. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.

Active and pending Terrace Iii At Riverwalk listings as of 2026-11-12, priced high to low. 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. Tap any home to ask about it.

Jon Brooks, Co-Founder of Momentum Realty
Jon's Read · written July 29, 2026

Terrace III at Riverwalk is trading in the mid-$230s, with a median price per square foot near $183. That combination points to a condition-driven market rather than a location premium — buyers here are pricing homes on their finishes and upkeep more than on scarcity or amenity draw, since the current MLS snapshot shows no community amenities tied to these listings.

With only three closings in the current window and a median 146 days on market, this is a thin, slow-moving segment. A market heat score of 17 confirms it: sellers should expect a longer runway to close, and buyers have room to negotiate on price and terms rather than compete on speed.

Figures in this note are as of July 29, 2026. The live market numbers elsewhere on this page update nightly and are newer.

The 60-Second Overview

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.

Florida Gulf Coast MLS sales records identify 7 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 1,155 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.

Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.

Best for

  • A buyer targeting a specific unit's condition and value rather than a community amenity package.
  • Someone with flexible timing who can wait through a longer-than-average marketing period if selling.
  • A value-focused buyer comfortable negotiating in a market with a low current heat score.

Probably not for

  • A buyer who wants a large, current comp set to validate pricing with confidence.
  • Anyone prioritizing on-site amenities, since none are identified in current listings.
  • A seller who needs a quick sale timeline given the median 146 days on market.

The market around Terrace Iii At Riverwalk

Terrace Iii At Riverwalk is too small for its own price trend, so here is the market around it.

In ZIP 33919, 483 homes are on the market and 15% are under contract — a slower corner of Fort Myers.

Across Lee County, 10,622 homes are active and 1,899 pending (15% under contract).

In ZIP 33919 (Fort Myers), 114 homes closed in the last 12 months at a median of $248K ($165/sq ft), with a median 79 days on market. Right now 119 active and 22 pending listings put supply at about 12.5 months — a soft market. See the live ZIP 33919 housing market and the Lee County market.

ZIP and county figures describe the wider market, not Terrace Iii At Riverwalk specifically. Momentum Research analysis of MLS records.

Listing locations from Florida Gulf Coast MLS. Map data © OpenStreetMap contributors.

If we were buying in Terrace Iii At Riverwalk today, this is the order of operations we would run for our clients.

1

Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Terrace Iii At Riverwalk.

Best Buy
A buyer comfortable doing homework on a specific unit rather than leaning on a deep comp set.
Biggest Risk
Thin data means the community-wide median price and price-per-square-foot are directional, not precise.
Sweet Spot
Units priced and maintained in line with recent, comparable closings rather than list-price aspirations.
Avoid If
You need a fast close or a market with enough recent activity to price with confidence off comps alone.

A Thin Market Reads Differently Than an Active One

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.

“

The location and the amenities are priced into every listing in Terrace Iii At Riverwalk. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

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.

Terrace Iii At Riverwalk in 15 seconds.

Best forA buyer comfortable doing homework on a specific unit rather than leaning on a deep comp set.
Biggest advantageNegotiating room is real here given the long median days on market and soft year-over-year trend.
Biggest riskThin data means the community-wide median price and price-per-square-foot are directional, not precise.
Sweet spotUnits priced and maintained in line with recent, comparable closings rather than list-price aspirations.
Avoid ifYou need a fast close or a market with enough recent activity to price with confidence off comps alone.
The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Terrace Iii At Riverwalk sales matched to your home.

What is your Terrace Iii At Riverwalk home worth?

Get a no-obligation home value based on real comparable sales in Terrace Iii At Riverwalk, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

See all homes for sale in Fort Myers →

Real comps, not an automated estimate.
A buyer targeting a specific unit's condition and value rather than a community amenity package.Excellent fit
Someone with flexible timing who can wait through a longer-than-average marketing period if selling.Excellent fit
A value-focused buyer comfortable negotiating in a market with a low current heat score.Excellent fit
A buyer who wants a large, current comp set to validate pricing with confidence.Probably not
Anyone prioritizing on-site amenities, since none are identified in current listings.Probably not
A seller who needs a quick sale timeline given the median 146 days on market.Probably not

Data sources & freshness

Live listingsFlorida Gulf Coast MLS, refreshed twice daily (last: November 12, 2026)
Under-contract sharesFlorida Gulf Coast MLS records, as of 2026-11-11
Historical depthClosed-sale records back to 2026 (1 transactions analyzed)

Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.

Momentum Research figures are our own analysis of Florida Gulf Coast MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.

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Housing distress & ownership in Terrace Iii At Riverwalk, Fort Myers

Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.

Active inventory in distress
0.0%
0 of 25 listings
Distress share trend — 0.0% now (2026-08-12 → 2026-11-11)

Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. 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. Deemed reliable but not guaranteed.

Every Home for Sale in Terrace Iii At Riverwalk Right Now (6)

All 6 active and pending Terrace Iii At Riverwalk listings with a detail page, newest first, refreshed twice a day from the MLS.

Nearby Communities

Explore more neighborhoods near Terrace Iii At Riverwalk with Momentum Realty’s local guides.

Terrace Ii At Riverwalk0.1 mi awayTerrace Iv At Riverwalk0.1 mi away · 2 for saleWhiskey Creek Adult Condo0.2 mi away · 2 for saleBermuda Club Condo0.2 mi away · 3 for saleThe Oaks At Whiskey Creek0.2 mi away · 2 for saleHidden Harbour One Condo0.2 mi away · 35 homes, built 1968–23, 5 for saleRiverwalk Cove0.3 mi away · 2 for sale

Browse all neighborhood guides →

More on Terrace Iii At Riverwalk Condos for Sale in Fort Myers

What it really costs to own in Terrace Iii At Riverwalk

The parts of the monthly number a mortgage calculator leaves out, from the tax roll, the MLS, Citizens and FEMA. Property facts only.

Property taxCurrent owners' bills run a median of $2,951/yr across 12 listings here (MLS tax records, 2026-11-12).
HOA duesMedian $177/month across 3 MLS listings (most billed quarterly; 2026-11-12). Dues cover what the documents say they cover; ask for the budget and reserve study.
Home and flood insuranceThe average Citizens Property Insurance premium in Lee County is $2,197/yr (6,508 policies, Citizens detail by county, April 2026); private-market quotes depend on roof age, wind mitigation and construction.
Roof and ageMedian build year 2006 across 12 listings. An original roof here would be about 20 years old; under Florida's 2022 reform (SB 2-D) carriers may require an inspection past 15 years, so budget for a roof report, and for replacement where it fails.

Estimated carrying cost at the median asking price, before the mortgage: about $606/month (tax $246, HOA $177, insurance $183). An estimate from the sources above, not a quote.

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