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Waterway Estates in North Fort Myers

Waterway Estates
Homes for Sale in North Fort Myers, FL

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All 348 homes for sale in North Fort Myers, FL · median $154,900 · 245 homes for sale in 33903 · Lee County homes for sale

Community in North Fort Myers · Lee County · ZIP 33903
96 homesBuilt 1960–2018Median sale $420K
Free · No obligation
Talk to a Waterway Estates Expert

True comps, carrying-cost math, and listings before the portals.

Live Market Pulse
36/100
Market Heat
Cooler than normal
2015 → 2026 · 87 at the 2022 peak
0 is Waterway Estates's coldest market since 2015, 100 its hottest. Today: 36. How it's scored

Photo via Florida Gulf Coast MLS

Built fromLive Florida Gulf Coast MLS data13 years of closingsFL DOR public recordsUpdated twice daily

As of October 2026, Waterway Estates in North Fort Myers, FL has 12 homes for sale and 3 pending, asking from $227,900 to $562,500 (median $364,500). Over the 12 months ending 2026-09-20, 27 recorded sales closed at a median of $420,000, $233 per square foot, a median 76 days on market, sellers accepting 92% of original asking (+38% versus the prior year). Homes listed or recently sold were built 1962–1989; 7 of the 13 geocoded homes sit in a FEMA special flood hazard zone (median elevation 6 ft). At the median price and Lee County's FY2025-26 rate of 15.97 mills, annual property tax runs about $6,710 ($6,040 with the full homestead exemption).

Last 30 days in Waterway Estates: 5 new listings (median asking $389,000), 3 under contract right now. As of October 20, 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 · Waterway Estates Housing Pulse Florida Gulf Coast MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 10,000+ customers served · Top 1% in Florida (RealTrends)
Price
$420K ▲
Median sold · 12 mo
up 37.7% vs the prior 12 months
+37.7% ▲
1-yr price change
n = 27 and 31 sales in the two windows
$233/sf
Sold $/sqft · 12 mo
peak $252 in 2022
91.9%
Sale vs ask
Tempo
76days
Median DOM · closed
5 days at the 2021 low
33%
Under contract
Lee: 18% (1,646 of 9,225)
10 · 5
For sale · pending
live counts, refreshed twice daily
27
Sold · last 12 mo
10-yr average: about 39 a year
Ownership and context
63%
Owner-occupied · Waterway Estates
62 of 98 parcels homesteaded (FL DOR 2025)
37%
Non-owner-occupied · Waterway Estates
incl. 10% trust or LLC-held · 15% out-of-state
96
Homes in the community
plus 2 vacant residential lots · 98 residential parcels (FL DOR 2025)
Track record · 13 years of records
4
Recorded sales · 2024-2025
median $400K · qualified sales on the county roll (FL DOR 2025)
1960–2018
Years homes were built
median 1973 · county roll (FL DOR 2025)
1,786sqft
Median sold home size
12-mo windows, closed sales
28.1%/yr
Turnover rate
about 27 of 96 homes trade a year

Homes For Sale Right Now in Waterway Estates

Live MLS inventory for Waterway Estates. 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 · 28 daysTop listing
$562,500
3 bd · 2 ba · 2,021 sqft · built 1977
4557 Gulf AVE, North Fort Myers, 33903
Listed by John R. Wood Properties
Active · 52 days
$475,000
3 bd · 2 ba · 1,595 sqft · built 1971
4617 Forest glen DR, North Fort Myers, 33903
Listed by Graff Realty of SW FL Inc
Active · 0 days
$459,000
2 bd · 2 ba · 1,334 sqft · built 1976
4320 S Gulf CIR, North Fort Myers, 33903
Listed by Your Naples Realty LLC
Active · 87 days
$419,000
3 bd · 2 ba · 1,392 sqft · built 1966
4431 N Pacific CIR, North Fort Myers, 33903
Listed by Professional Advantage Realty
Active · 3 days
$389,000
2 bd · 2 ba · 1,184 sqft · built 1971
4547 W Coral CIR, North Fort Myers, 33903
Listed by Coastal Brokerage LLC
Active · 0 days
$380,000
3 bd · 2 ba · 1,534 sqft · built 1989
4718 Forest Glen DR, North Fort Myers, 33903
Listed by Century 21 Sunbelt Realty
Active · 183 days
$349,000
3 bd · 2 ba · 1,224 sqft · built 1974
1641 Mansville TER, North Fort Myers, 33903
Listed by Coldwell Banker Realty
Active · 335 days
$290,000
4 bd · 2 ba · 1,694 sqft · built 1974
4517 Vinsetta AVE, North Fort Myers, 33903
Listed by Gulf Coast Living Real Estate, Inc
Active · 138 days
$284,000
3 bd · 2 ba · 1,704 sqft · built 1962
1763 Inlet DR, North Fort Myers, 33903
Listed by EXP Realty LLC
Active · 14 days
$264,900
3 bd · 2 ba · 1,262 sqft · built 1978
5990 Milne CIR, North Fort Myers, 33903
Listed by Realty One Group MVP
Active · 490 days
$245,000
3 bd · 2 ba · 1,514 sqft · built 1977
4709 Vinsetta AVE, North Fort Myers, 33903
Listed by Graff Realty of SW FL Inc
Pending · 23 days
$479,900
3 bd · 2 ba · 1,347 sqft · built 1972
4625 Forest Glen DR, North Fort Myers, 33903
Listed by Riverside Real Estate Inc
Pending · 24 days
$465,000
4 bd · 2 ba · 2,307 sqft · built 1973
4536 Vinsetta AVE, North Fort Myers, 33903
Listed by RE/MAX Realty Group
Pending · 262 days
$375,000
2 bd · 2 ba · 1,443 sqft · built 1977
4548 Gulf AVE, North Fort Myers, 33903
Listed by Sun Realty USA, Inc.

Active and pending Waterway Estates listings as of 2026-10-20, 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

Waterway Estates is an older, established section of North Fort Myers, with a median build year of 1977 and homes spanning from 1944 up through 2023 construction. That range tells you the pricing story here has more to do with individual home condition and updates than with a uniform product — a fully renovated home and an untouched original can sit blocks apart and price very differently.

The market has cooled from a year ago, with the median price down 11% year-over-year to $317,000 and a market heat score of 18, which points to buyers holding more leverage than sellers right now. Homes are taking just over 45 days to go under contract on median, so pricing accurately at listing matters more than it did in a faster market.

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

Waterway Estates Housing Pulse · Momentum Research · as of September 20, 2026

Waterway Estates right now

🟢 Still climbing. The trailing-12-month median ($420K) is up 37.7% from the prior 12 months ($305K).Momentum Research, record-level Florida Gulf Coast MLS closed sales, 12-month windows ending September 20. Confidence: High (27 and 31 sales in the two windows).

Jump to: Price history & scorecard · Homes for sale · Schools · FAQ

By , Co-Founder, Momentum Realty · Updated October 20, 2026 · Live data: Florida Gulf Coast MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness

The 60-Second Overview

Waterway Estates market snapshot (as of September 20, 2026): the median sale price is about $420K ($233 per sq ft over the trailing 12 months of closed sales), and a median 76 days on market for closed sales. The trailing-12-month median is up 38% from the prior 12 months, computed from record-level Florida Gulf Coast MLS closed sales (27 closings in the current window).

In ZIP 33903 (North Fort Myers), 5,719 homes closed in the last 12 months at a median of $380K ($221/sq ft), up 0.9% year over year, with a median 53 days on market. Right now 309 active and 73 pending listings — a buyer's market. See the live ZIP 33903 housing market and the Lee County market.

County records show 4 qualified sales in Waterway Estates across 2024–2025 (3 in 2024, 1 in 2025), median $400,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

Waterway Estates is a community of 96 homes in North Fort Myers, Lee County, built between 1960 and 2018 (median 1973), with a median living area of about 3,184 square feet. 63% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

Waterway Estates is a long-established North Fort Myers community of roughly 1,862 homes, built out gradually from the mid-1940s through recent years, which gives it a mixed housing stock rather than a single-era look.

Quick Match

Who Waterway Estates is best for.

Best for

  • Buyers targeting a median-range purchase near $317,000 with flexibility on home age and condition
  • Buyers comfortable doing renovation work or budgeting for updates on an older-stock home
  • Buyers prioritizing negotiating room in a currently softer, lower-heat market

Probably not for

  • Buyers who want a newer-construction, single-era community with consistent finishes
  • Buyers who expect built-in community amenities such as clubhouses or pools as part of the purchase
  • Buyers needing a fast, high-competition closing timeline in a hot-market environment

Windows contain 0 to 48 sales each (27 in the current window); every figure carries its sample size, and thin markets swing on single closings. 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.

Median sale price · trailing 12 mo
$200K$300K$400K2014201620182020202220242026
Up 37.7% year over year.
Every sale since 2013 · price vs size
$0$250K$500K$750K1k2k3k
479 closed sales; green = recent. Size sets the floor, condition and lot set the rest.
Sold $ per sq ft · trailing 12 mo
$100$150$200$2502014201620182020202220242026
Up from $103 in 2013 to a $252 peak in 2022; $233 now.
Median days on market · closed sales
02550752014201620182020202220242026
5 days at the 2021 low; 76 now.
Sale price vs original ask · median
95%100%2014201620182020202220242026
91.9% now.
Homes sold per 12-mo window
020402014201620182020202220242026
0 to 48 a year; 27 in the current window.
Market Heat · 0 coldest, 100 hottest in the record
20406080seller-leaningbuyer-leaning201620182020202220242026
87 at the 2022 peak, 22 in the troughs, 36 now. Same score as the hero card, full history.
How much local inventory is already under contract

21% of homes for sale in Waterway Estates are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-10-20).

Waterway Estates Market Scorecard

Balanced

Waterway Estates is currently a balanced market., a median asking price of $325,000, and homes go under contract in about 52 days.

$325,000
Median list
$420,000
Median sold
$278
List $/sqft
52
Days on mkt
11/3/0
Active/Pend/Sold

Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.

Live data: Florida Gulf Coast MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.

Interactive Map

Waterway Estates on the map.

Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.

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

The Strategy

The Waterway Estates buying strategy.

If we were buying in Waterway Estates 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 Waterway Estates.

The Quick Decision
Best Buy
Buyers looking for an established, moderately priced North Fort Myers community with room to negotiate.
Biggest Risk
The wide build-year range means condition varies significantly from home to home, so inspections carry more weight here than in newer, uniform developments.
Sweet Spot
Move-in-ready or recently updated homes near the median size and price tend to balance value and turnkey condition.
Avoid If
Avoid if you need a uniform, amenity-backed community — current MLS listings show no identified community amenities.
The Deep Dive

An Older Stock, A Softer Market

With a median living area of about 1,843 square feet and a median price per square foot of $230.80, this is a community where condition and updates do a lot of the work in setting value. Given the wide build-year spread, buyers should expect meaningful variation in systems, roofs, and finishes from one listing to the next, and should budget time for inspections rather than assume uniformity.

The 27-home closings window behind this snapshot is a modest sample, so treat the trend direction — down 11% year-over-year — as directional rather than exact. A homestead share of 52.7% suggests a little over half of homes are owner-occupied under Florida's homestead exemption, with the rest split among non-homesteaded owners, which is worth knowing if you're gauging how much of the community turns over as rental or secondary property versus primary residences.

“

The location and the amenities are priced into every listing in Waterway Estates. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty
Momentum Intelligence

Momentum Buy Score.

Our proprietary 0 to 10 read across the factors that decide how a home in Waterway Estates buys, holds, and resells. Momentum Research; not an appraisal.

7.0B · Buy Score
Recent Direction10.0/10
Owner Commitment6.3/10
Pricing Power4.6/10

Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (7.0). Basis: Recent Direction +37.7% year-over-year; Owner Commitment 63% owner-occupied; Pricing Power 91.9% sale-to-list. Refreshed with each data update.

Why Momentum

Why work with Momentum here

In a market with a soft heat score and a wide range of home ages and conditions, pricing a listing or vetting an offer takes more than pulling a median. We look at the specific build year, condition, and comparable closings for each property here rather than leaning on a community-wide number that can mask big swings between an original 1950s home and a recent build.

The 15-Second Verdict

Waterway Estates in 15 seconds.

Best forBuyers looking for an established, moderately priced North Fort Myers community with room to negotiate.
Biggest advantageThe current buyer's-market posture, with price down year-over-year and a low heat score, favors negotiated terms over list price.
Biggest riskThe wide build-year range means condition varies significantly from home to home, so inspections carry more weight here than in newer, uniform developments.
Sweet spotMove-in-ready or recently updated homes near the median size and price tend to balance value and turnkey condition.
Avoid ifAvoid if you need a uniform, amenity-backed community — current MLS listings show no identified community amenities.
Run Your Numbers

Tools for a Waterway Estates buy.

Free calculators to pressure-test the real cost before you tour.

Mortgage paymentPrincipal, interest, taxes, and insurance on a specific price.Property taxLee County millage and the homestead picture.Rent vs buyThe breakeven on owning in Waterway Estates.Save Our HomesProject your homestead tax cap over time.
The takeaway

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

Selling in Waterway Estates

Price it to the comps and condition, not an automated estimate.

If you are thinking about selling in Waterway Estates, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.

What is your Waterway Estates home worth?

Get a no-obligation home value based on real comparable sales in Waterway Estates, 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 North Fort Myers →

Real comps, not an automated estimate.

Recently off market in Waterway Estates

Homes in Waterway Estates that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 9 on record.

Waterway Estates key facts
LocationNorth Fort Myers, Lee County, FL · ZIP 33903
Homes in the community96 (FL DOR 2025 assessment roll)
Years built1960–2018 (median 1973)
Typical living area3,184 sq ft (median)
Home types (current listings and sales)singlefamilyresidence 100%
Sale prices, last 12 months$420,000 median across 27 closed sales · $233 per sq ft · +37.7% vs the prior 12 months
Days on market (closed sales)76 median
For sale right now10 active, 5 pending · median asking $325,000
Owner-occupied (homestead) share63%

Data as of September 20, 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; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Waterway Estates key facts,” movewithmomentum.com/neighborhoods/waterway-estates, data as of September 20, 2026.

Just listed in Waterway Estates

The newest homes for sale in Waterway Estates right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.

Checked against the MLS Oct 20, 2026. All new listings in this market.

Every Home for Sale in Waterway Estates Right Now (14)

All 14 active and pending Waterway Estates listings with a detail page, newest first, refreshed twice a day from the MLS.

Streets in this community

Street-level pages: every home on record, what sold and what is for sale on each street.

What it really costs to own in Waterway Estates

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 $3,058/yr across 26 listings here (MLS tax records, 2026-10-20).
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 1974 across 26 listings. An original roof here would be about 52 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.

Email me new listings in Waterway Estates

One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.

Equal Housing Opportunity. Every community is open to everyone; alerts are about homes, never about who lives here.

Ask an agent about Waterway Estates

Have a question about the homes, fees, rules or commute here? A Momentum agent who works Waterway Estates will answer, and the answer is published on this page for the next buyer.

Property facts only: homes, fees, rules, commute. Every community is open to everyone; agents do not answer questions about who lives here.

Frequently Asked Questions

What is the median home price in Waterway Estates?
The median sale price in Waterway Estates was $420K over the 12 months ending September 20, 2026 (27 closed sales, Florida Gulf Coast MLS).
How long do homes in Waterway Estates take to sell?
Homes that closed in the 12 months ending September 20, 2026 took a median 76 days on market (27 sales, Florida Gulf Coast MLS).
How many homes are in Waterway Estates?
The Florida DOR 2025 assessment roll shows 96 homes plus 2 vacant residential lots in Waterway Estates (public records).
What share of Waterway Estates is owner-occupied?
63% of Waterway Estates parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in Waterway Estates built?
Homes in Waterway Estates were built between 1960 and 2018, with a median year built of 1973 (FL DOR 2025 roll).
Who is the best real estate agent for Waterway Estates?
The best agent for Waterway Estates is one who actively works North Fort Myers and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for Waterway Estates.
How do I find a top North Fort Myers real estate agent who knows Waterway Estates?
Share a few details in the form on this page. Momentum Realty has 320+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows Waterway Estates and the wider North Fort Myers area.
Can Momentum Realty connect me with an agent for Waterway Estates?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Waterway Estates purchase or sale - no call center and no pressure.
Where is Waterway Estates, and what county is it in?
Waterway Estates is in North Fort Myers, Lee County, FL, ZIP 33903. The community's center is about 4 miles northwest of the center of North Fort Myers (straight-line).
Is Waterway Estates a good place to live?
That depends on your budget, commute and what you want in a home, so here is what the data says about Waterway Estates: the median sale price over the last 12 months was $420K (27 sales), 33% above the North Fort Myers median of $315K; homes took a median 76 days to go under contract; the assessment roll counts 96 homes, 63% of them homesteaded (owner-occupied). The full numbers, price history and the flood and school sections are above.
The Verdict

Should you buy in Waterway Estates?

An honest fit check. We will tell you when it is not your community.

Buyers targeting a median-range purchase near $317,000 with flexibility on home age and conditionExcellent fit
Buyers comfortable doing renovation work or budgeting for updates on an older-stock homeExcellent fit
Buyers prioritizing negotiating room in a currently softer, lower-heat marketExcellent fit
Buyers who want a newer-construction, single-era community with consistent finishesProbably not
Buyers who expect built-in community amenities such as clubhouses or pools as part of the purchaseProbably not
Buyers needing a fast, high-competition closing timeline in a hot-market environmentProbably not

Data sources & freshness

Live listingsFlorida Gulf Coast MLS, refreshed twice daily (last: October 20, 2026)
Community market statsFlorida Gulf Coast MLS closed sales, 12-month windows ending September 20, 2026
Housing stock & ownershipFlorida DOR assessment roll (street-list match (3 streets, ZIP 33903))
Under-contract sharesFlorida Gulf Coast MLS records, as of 2026-09-20
Historical depthClosed-sale records back to 2013 (479 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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Nearby Communities

Explore more neighborhoods near Waterway Estates with Momentum Realty’s local guides.

Waterway Estates Golf Park0.2 mi awaySt Clair Garden Condo0.3 mi away · 4 for saleGreenwood Condo0.4 mi away · median $108K, 3 sales/12 moEl Rio Garden Condo0.4 mi awayLakeside At Lochmoor Condo0.4 mi away · 3 for saleLochmoor Villas0.5 mi awayButtonwood Harbor0.5 mi away · median $1.46M, 4 sales/12 moTropic Terrace0.6 mi away · median $52K, 8 sales/12 mo

Browse all neighborhood guides →

More on Waterway Estates

Thinking of selling in Waterway Estates? 27 recorded closings; median 76 days on market (window ending 2026-09-20). See the Lee County sell-now-or-wait data, what made 201,552 Florida listings fail in the last 12 months, or compare a cash offer vs. listing. Compiled from MLS records; deemed reliable but not guaranteed.
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