Rare opportunity to own a fully occupied waterfront triplex offering exceptional income potential and direct Gulf access with no bridges. All three units are currently rented, making this an attractive option for investors looking for immediate rental income in a highly desirable Southwest Florida location. The property features two recently renovated lower-level units with updated interiors, modern finishes, refreshed kitchens and living spaces, and a bright coastal feel. A new roof was installed in 2024, adding even more value and peace of mind. Boaters will appreciate the property's outstanding waterfront setting, featuring a large covered dock with multiple slips and direct, bridge-free access to the Gulf. The spacious waterfront yard and patio areas provide plenty of room to relax, entertain, or enjoy the Florida lifestyle right from home. Conveniently located close to Bonita Beach, shopping, dining, and everything Southwest Florida has to offer, this unique triplex combines waterfront living, boating access, and established rental income in one incredible property. Whether you're looking to expand your investment portfolio or secure a waterfront property with multiple income-producing units, this is a property you won't want to miss.
Imperial Shores, located between U.S. 41 (Tamiami Trail) and the Gulf of Mexico, is a coastal and residential Bonita Springs neighborhood with canal-lined streets and a laid-back, boat-ready feel. The neighborhood’s character concentrates around the U.S. 41 and Bonita Beach Road intersection, where marinas, seafood counters, and casual patios set the daily rhythm. Low-rise condos and mid-century Florida homes mix with newer builds, many oriented to water views and outdoor living. Imperial River corridors and mangrove edges shape the geography, with kayaks and paddleboards as common sights. Nearby, Riverside Park and the Imperial River Boat Ramp frame weekends around the water. Community staples such as The Fish House Restaurant, Buffalo Chips Restaurant, and Shangri-La Springs add local flavor beyond the shoreline.
Provided by Walk Score and Local Logic
Offer insights
4851 Gary Rd · $999,000
$986K and above
75% chance or better to win
Why $986K+ is a strong offer
DAYS ON MARKET
68 days
The average home goes pending in 95 days.
SALE-TO-LIST
97.6%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Impact glass windows
Single-hung windows
Bedrooms
One 1-bedroom unit (unfurnished)
Two 2-bedroom units (both unfurnished)
Bathrooms
Three full bathrooms total
Each unit includes one full bathroom
Laundry & utility
Laundry in garage for each unit
Flooring
Vinyl flooring
Heating & cooling
Central heating (electric)
Central air conditioning (electric)
Ceiling fans
Exterior features
Patio
Rectangular lot
Canal access (waterfront)
Home design
Two-story building
Resale property
Parking
Attached garages (some units have 2 garage spaces)
Construction
Block, concrete and stucco construction
Shingle roof
Utilities
Public water
Public sewer
Well irrigation source
Cable available
HOA & community
No association fee
Community boat facilities
Financial info
Gross scheduled income: $65,000
Operating expenses: $45,000
Unit rents (actual/pro forma): 1-bedroom $1,950; 2-bedroom $2,050 and $2,500
Other
Tenants pay application fee, cable TV, electricity, internet and water
Pets allowed on a conditional basis; contact for details
Electricity and solar
View estimated energy costs and solar savings for this home
MONEY PRODUCING Direct Gulf Access Duplex Property offering Five (5) total Bedrooms, 3 Full Bathrooms, Two-Car Garage and covered Boat Dock with boat lift and a total of THREE boat slips! Unit A is two (2) bedrooms, with open concept kitchen and dining and waterfront living room with French doors leading to the outdoor paver patio area. UNIT B has an identical floor plan with a BONUS LOFT Space on the second floor. This loft space has a private entrance with third (3rd) bedroom, separate bathroom, additional living space and private balcony with waterfront views. Each unit has direct access to the two (2) car garage. The property has been updated throughout with designer finishes including new ceramic tile floors, stainless steel appliances, white shaker cabinets, quartz countertops with decorative backsplash, hardware and fixtures. Beautiful Light fixtures and LED lighting. Separate IN-UNIT laundry. The property has NEW 2024 Roof. OVERSIZED Paved Parking space able to accommodate and power large RV on site. This property is located in a high growth, NO HOA, No Rental Restriction neighborhood. , Excellent 1031 investment property. Rental History with repeat tenants. Walk or bike just 1.2 miles to the Gulf of Mexico beaches. Right around the corner from boating clubs, excellent shopping, & dining. Book your Showing Today
NAPLESMLS #224078330
Mar 27, 2025
Listing Removed
—
Feb 5, 2025
Listing Removed
—
Jan 31, 2025
Listed
$1,100,000
$429/sq ft
NAPLESMLS #223071299
Nov 20, 2023
Sold
$760,000
$297/sq ft
Oct 6, 2023
Listed
$775,000
$302/sq ft
Public Records
Sep 1, 1986
Sold
$85,800
$33/sq ft
Public Records
May 1, 1979
Sold
$43,000
$17/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$10,383 (+6.1%)
$580,027 + $169,981
$750,008
2024
$9,786 (+273.2%)
$580,027 + $169,981
$750,008
2023
$2,622 (−1.3%)
$562,253 + $147,614
$709,867
2022
$2,656
2021
$2,655 (−1.0%)
2020
$2,681 (+1.9%)
2019
$2,631 (+1.8%)
2018
$2,584 (+10.7%)
2017
$2,334 (+1.0%)
2016
$2,312 (−1.3%)
2015
$2,343 (+0.5%)
2014
$2,331
Public record
Public record
Zoning
Permits
Beds
3
Baths
3
Stories
1.5
Lot width
—
Lot depth
—
Lot size
9,017 Sq. Ft.
Year renovated
1997
Finished Sq. Ft.
2,562
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,562
Year built
1963
Style
Multi-Family (2-4 Unit)
County
Lee County
APN
324725B4003000170
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 25, 2026.
TFC-2
Residential Two-Family Conservation District-2
The purpose and intent of the TFC residential two-family conservation district is to recognize and protect existing two-family residential developments, lots, structures and uses, previously permitted but not conformable to the regulations of the other two-family residential districts set forth in this chapter, and to accommodate residential use of existing lots that were nonconforming under previous zoning regulations. This district is not available for new developments, but may be used only by property owners in existing developments that comply with the property development regulations or by the city council upon its own initiative to achieve the purpose mentioned in this section.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Office
Fire house
Police station
Recreation
Jul 8, 2025 • Final
Bld - building (r) - addition/remodel
Enclose the lanai and laundry rooms. Remove range wiring to eliminate an unauthorized apartment located above the garage.
Addition
Dec 2, 2024 • Final
Bld - building (r) - restoration
Perform hurricane restoration work including like-for-like replacement of electrical, plumbing, and heating and air conditioning systems. Work also includes stucco, insulation, drywall, framing, cabinets, and flooring.
Electrical
HVAC
Plumbing
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
10/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 107° expected this year, 31 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Bonita Springs, FL • 34134
Average low and high temperatures (°F)
72
54
76
59
81
63
84
67
88
74
90
75
91
77
91
78
89
76
86
72
81
64
77
60
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Bonita Springs. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10 hrs
7.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 4851 Gary Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $735,000 and $1,250,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $735K to $1.3M.