Florida, Lee County, Bonita Springs, USA

Welcome to Palm Vista: A riverfront, old-Florida estate nestled privately in the middle of the most charming and up-and-coming downtown. INVESTOR ALERT!! THIS HOME PLUS GUEST HOUSE COULD PRODUCE AN IMPRESSIVE 17% +/- CAP RATE ON A SHORT TERM RENTAL PROGRAM. Step inside this perfectly preserved piece of history and feel like you have stepped back in time. This wood-framed style home was built in 1944 using rock-solid old Florida Pine, a species of pine that is so dense that it could be mistaken for concrete when trying to drive a nail into it. Its dense nature makes it incredibly strong and resistant to both insect damage and decay. Enter in through the air-conditioned Florida room. Original windows with wooden, scalloped valences let light pour in and frame the lush landscaping around the property. Follow the Golden Oak floors to a beautiful brick fireplace with original wrought iron vents and beautiful pine mantel. Take a peek into the renovated kitchen that has preserved its historic charm while adding modern appliances and more storage. Climb the pine-accented steps to explore each level of this stunning, five-story home. The first level features a beautiful landing with built-in bookshelf, two sunlit bedrooms with cedar closets, and an updated full bathroom. A skylight provides natural light throughout the day and an original, working light fixture provides ambient lighting in the evenings. Another flight of stairs leads to the owner's level, boasting a large bedroom, a full bathroom, and another landing. The second landing's built-in bookshelf and large window creates the perfect setting for a cozy reading nook or intimate sitting area. One final ascent leads you to a spacious, cedar attic bedroom with ample storage. Step outside and continue to explore a property as impressive as the home that sits on in. This 1.07-acre lot is surrounded by 179 ft of Imperial River frontage and 287 ft of Leitner Creek frontage, creating a private peninsula with 180 of water views. Mature Oak, Mango, & Starfruit & Traveler Palm trees enhance privacy and the tropical, old-Florida feel. This private oasis is complete with an oversized swimming pool and lanai, boat launch, riverfront fire pit, and plenty of room to roam. A 532 ft., permitted additional dwelling unit creates a comfortable stay for guests, an opportunity for rental income, a tranquil place for a private home office or an inspiring studio. The title absctract of this property outlines a long history of savvy real estate investors. As new attractions began to pop-up in the 1900s, tourism increased and Bonita Springs experienced a major boom. Now, amidst Bonita's second Renaissance, comes a once-in-a-lifetime opportunity to reap the benefits of an up-and-coming downtown, while preserving a rare, rich and beautiful slice of history. Do not look back one day on what could have been. For more information, see the attached supplements and virtual tour links.