Waterway Estates
Homes for Sale in North Fort Myers, FL

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.

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.

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.

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