What $500K Buys in Lee County, FL
A $500K budget buys a very different house depending on which Lee County city you point it at. This page compares every city with at least five active listings within 10% of $500K — size, age, bed and bath count, price per square foot, how much of the inventory is new construction and how long it has been sitting — from today’s live MLS actives, and lists the communities with the most homes at that price. It refreshes every night.
There are 1,066 homes for sale in Lee County, FL priced between $450,000 and $550,000 right now. At $500K, the typical home is 1,872 sq ft, built 2005, at $265/sq ft; 10% of them are new construction and the median has been on the market 64 days. The most house for the money is in Alva (2,067 sq ft median); the least in Bokeelia (1,113 sq ft); the newest in Alva (median build year 2026).
What $500K buys, city by city
| City | Homes for sale | Median sq ft | Beds / baths | Median year built | $ / sq ft | New construction | Median DOM |
|---|---|---|---|---|---|---|---|
| Cape Coral | 338 | 1,894 | 3 / 2 | 2007 | $259 | 17% | 60 |
| Fort Myers | 304 | 2,014 | 3 / 2 | 2004 | $249 | 3% | 59 |
| Bonita Springs | 88 | 1,698 | 3 / 2 | 2002 | $293 | 2% | 63 |
| Estero | 74 | 1,890 | 3 / 2 | 2003 | $270 | 1% | 59 |
| Lehigh Acres | 68 | 2,023 | 4 / 3 | 2023 | $234 | 32% | 63 |
| Fort Myers Beach | 55 | 1,158 | 2 / 2 | 1980 | $435 | 0% | 77 |
| North Fort Myers | 36 | 2,049 | 3 / 2 | 2003 | $250 | 3% | 87 |
| Sanibel | 29 | 1,165 | 2 / 2 | 1975 | $455 | 0% | 122 |
| Alva | 27 | 2,067 | 3 / 3 | 2026 | $227 | 52% | 36 |
| Punta Gorda | 13 | 1,825 | 3 / 2 | 2001 | $273 | 0% | 87 |
| St. James City | 11 | 1,512 | 3 / 2 | 2011 | $313 | 9% | 72 |
| Bokeelia | 8 | 1,113 | 2 / 2 | 1980 | $447 | 0% | 122 |
By ZIP code: where $500K goes furthest
The same budget by ZIP — useful where one city covers most of the county.
| ZIP | Homes for sale | Median sq ft | Median year built | $ / sq ft | New construction |
|---|---|---|---|---|---|
| 33993 Cape Coral | 100 | 1,912 | 2023 | $259 | 32% |
| 33914 Cape Coral | 81 | 1,895 | 2004 | $260 | 1% |
| 34135 Bonita Springs | 75 | 1,760 | 2005 | $285 | 3% |
| 33913 Fort Myers | 72 | 2,108 | 2012 | $232 | 1% |
| 33908 Fort Myers | 61 | 1,956 | 2002 | $258 | 2% |
| 33931 Fort Myers Beach | 55 | 1,158 | 1980 | $435 | 0% |
| 33904 Cape Coral | 53 | 1,553 | 1978 | $328 | 6% |
| 33928 Estero | 51 | 1,900 | 2006 | $281 | 2% |
| 33905 Fort Myers | 47 | 2,032 | 2013 | $246 | 13% |
| 33909 Cape Coral | 44 | 1,953 | 2023 | $245 | 36% |
| 33991 Cape Coral | 42 | 1,952 | 2012 | $253 | 17% |
| 33967 Fort Myers | 35 | 1,828 | 1996 | $269 | 3% |
Communities with the most homes near $500K
| Community | City | Homes for sale near $500K | Median sq ft | Median year built |
|---|---|---|---|---|
| Cape Coral | Cape Coral | 270 | 1,894 | 2016 |
| Lehigh Acres | Lehigh Acres | 54 | 1,983 | 2023 |
| San Carlos Park | Fort Myers | 20 | 1,823 | 1996 |
| Fort Myers | Fort Myers | 12 | 1,770 | 1994 |
| Portico | Fort Myers | 12 | 2,141 | 2022 |
| Country Club | Alva | 11 | 2,067 | 2026 |
| Verdana Village | Estero | 9 | 1,852 | 2024 |
| Stoneybrook | Estero | 9 | 1,955 | 2003 |
| North Star Yacht Club | North Fort Myers | 8 | 2,071 | 2007 |
| Cape Harbour | Cape Coral | 8 | 1,548 | 2004 |
| Somerset | Fort Myers | 7 | 2,297 | 2016 |
| Bonita National Golf And Country Club | Bonita Springs | 7 | 1,352 | 2018 |
| Lindsford | Fort Myers | 7 | 2,230 | 2016 |
| Timber Creek | Fort Myers | 6 | 2,434 | 2022 |
| Arborwood Preserve | Fort Myers | 6 | 2,284 | 2020 |
How to read this
Counts and medians are computed from active MLS listings priced within 10% of $500K ($450,000–$550,000) as of October 24, 2026; property mix at this price: Single-family 73%, Condo 20%, Townhouse 1%. Cities with fewer than five listings in the band are folded out of the city table but still count in the county total. Prices are asking prices, not closings — see the county page for sale-to-list ratios. Source: live MLS feeds compiled by Momentum Research. Other budgets in Lee County: $300K, $400K, $750K, $1M. Back to homes for sale in Lee County, FL.