Villas Five
Homes for Sale in Fort Myers, FL

Villas Five market snapshot (as of September 20, 2026): the median sale price is about $328K ($237 per sq ft over the trailing 12 months of closed sales), and a median 48 days on market for closed sales. The trailing-12-month median is down 6% from the prior 12 months, computed from record-level Florida Gulf Coast MLS closed sales (4 closings in the current window).

In ZIP 33966 (Fort Myers), 349 homes closed in the last 12 months at a median of $366K ($224/sq ft), down 6.2% year over year, with a median 61 days on market. Right now 105 active and 28 pending listings — a buyer's market. See the live ZIP 33966 housing market and the Lee County market.

Villas Five is a compact villa community built in 1989-1990, with a homestead share of 73.8% indicating most units are owner-occupied rather than turned over as short-term rentals or investment flips.

With only 4 closings in the most recent window, Villas Five trades in a thin market where each sale carries outsized weight in setting the next asking price. That low transaction count, combined with a median days-on-market above 70, tells you this is not a community where homes move on list-and-wait timelines. Buyers have room to negotiate, and sellers who price realistically relative to condition and current comps tend to do better than those who chase last year's numbers.

Unit size runs a median of 2,311.5 square feet, which is on the larger side for an attached-home community of this age, and no community amenities are currently identified from active MLS listings. That absence matters for positioning: the value proposition here is the home itself and its lot, not a clubhouse or pool package, so due diligence should focus on interior condition, roof and system age relative to the 1989-1990 build years, and any association details not reflected in the listing data.

In a low-volume market like Villas Five, pricing off stale comps is the most common mistake we see on both sides of a transaction. We track the handful of closings that actually happen here in real time, so sellers price to the current market rather than a year-old median, and buyers know when a listing is genuinely competitive versus overreaching.

Listings in this community report association dues of about $120 per month ($1,440 a year) — the median AssociationFee across 13 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.