1950 Mitchell Avenue
About This Property
Lounge on the Southern-style wrap around porch or relax by the pool and jacuzzi. Stroll down the brick walkway to the boat dock situated along the Hickey's Creek natural inlet. Enjoy the boat & yachts cruising down the intracoastal while sitting by the custom built fire pit just feet from the water's edge. Visit the equestrian facility & have coffee in the barn house while feeding the horses. The 8 stalls & the AC tack room give you ample room to run the barn business.
Trail ride under the shade of Spanish moss covered oaks and Florida palm trees on 15 Acres of equestrian trails. The barn, post and beam construction, is outfitted with air conditioned tack room, and one bedroom/one bath living quarters above.
The property is located 20 minutes from Downtown Ft Myers in the quaint community of Alva, population 3,000, rich with the best of Southern history and traditions. Located one mile east of the Franklin Lock State Park with direct deep-water boating access from East Coast or West Coast. Yacht harborage/dock will accommodate a 100 ft vessel.
25-43-26-00-00009.0010
24-43-26-L3-00005.0000
24-43-26-L3-00000.000A
24-43-26-L3-00003.000B
24-43-26-00-00003.000C
24-43-26-L3-00003.000D
24-43-26-L3-00003.000E
24-43-26-L3-U3362.5516
24-43-26-L3-U3361.5519
Retreat to this picturesque peaceful enclave that offers the best that SWFL has to offer. River & Ranch includes boating & equestrian for everyone. Look no more: THIS IS IT !
NEW METAL ROOF 2025 The Best Riverfront Value in Lee County
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 8, 2025 | Price Increased |
$5,849,849
↑ $600K
(11.4%) | |
| Price Increased | |||
| Dec 8, 2025 | Sold | ||
| Sold | |||
| Oct 30, 2025 | In contract | - | |
| In contract | |||
| Oct 8, 2025 | Price Decreased |
$3,249,249
↓ $750
(0%) | |
| Price Decreased | |||
| Sep 6, 2025 | Price Decreased |
$3,249,999
↓ $1
(0%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017