LEE COUNTY PROPERTY APPRAISER GENERATED ON 2/27/2025 12:18 PM Current Working Values
SITE ADDRESS
414/416 CRESCENT ST
OWNER'S NAME
FMB MATANZAS LLC
OWNER'S ADDRESS
5880 STALEY RD
FORT MYERS FL 33905
PROPERTY DESCRIPTION
CRESCENT PARK ADDN BLK E
PB4/46 PT LTS 20THRU25LT
26 LES R/W OR 2353 PG 3036 +
OR 3189 PG 3751
DOR CODE 39 - HOTELS, MOTELS
NBHD CODE
53-201.2
FM BCH / BONITA BCH
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 1.0
BEDROOMS 5
BATHROOMS 12.0
EXTERIOR WALL 17 CB STUCCO
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 1 FLAT
ROOF COVER 4 BUILD UP TAR AND G
INTERIOR WALL 5 DRYWALL
INTERIOR WALL 0 NONE
INTERIOR FLOOR 14 CARPET
INTERIOR FLOOR 0 NONE
HEATING FUEL 4 ELECTRIC
HEATING TYPE 3 FORCED AIR-NOT DUCTED
AC TYPE 9 THROUGH WALL
QUALITY 3.0000 AVERAGE
LIVING UNITS LVGU 12.00
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 1972 4,132 100 4,132   *
FINISHED OPEN PORCH 1972 1,308 20 262   *
FINISHED UTILITY 1972 140 50 70   *
   
   
   
   
   
   
   
   
   
   
   
   
   
TOTALS 5,580 4,464 0
          E X T R A    F E A T U R E S
LINE CODE DESCRIPTION LENGTH WIDTH UNITS UNIT PRICE PCT COND L/B YEAR AMN DEPR DEPR ADJ CAP FLAG COST
1 BLK TOP BLACK TOP - IMPROVED 0.00 0.00 10100.00 4.00 1.00 L 1984 2.00 0.60 - *
2 POOL C POOL - COMMERCIAL 0.00 0.00 512.00 129.00 1.00 B 2004 2.00 0.60 - *
3 PATIO B PATIO - BRICK AND TILE 0.00 0.00 800.00 12.65 1.00 B 2004 1.00 0.80 - *
4 SLAB SLAB - CONCRETE 0.00 0.00 1888.00 6.93 1.00 L 1967 2.00 0.60 - *
5 BDOCK W DOCK - BOAT - WOODEN 0.00 0.00 2161.00 57.17 1.00 L 1994 5.00 0.60 - *
6 JAZ D JACUZZI - TYPE D 0.00 0.00 1.00 23,000.00 1.00 B 2004 5.00 0.60 - *
7 FNC AL4 FENCE - ALUM/VINYL - 4 FEET 228.00 0.00 228.00 45.00 1.00 L 2004 2.00 0.60 - *
8 GAZ GAZEBO 0.00 0.00 240.00 35.30 1.00 B 2014 2.00 0.80 - *
9 BOATLFT BOAT LIFT 0.00 0.00 1.00 10,000.00 1.00 L 2016 5.00 0.60 - *
 
 
TOTAL OF EXTRA FEATURE VALUES 0
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 2100 RESTAURANT CPD 0 0 1.00 1.00 0 74.00 10,851.00 SF 1.00 - KW
2 3900 MOTEL CPD 0 0 1.00 1.00 2 74.00 49,000.00 SF 1.00 - KW
3 2016 BU - B CPD 0 0 1.00 1.00 2 15,812.50 16.00 UT 1.00 - JF
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 4,681,974
FOLIO ID: 10228393 STRAP: 19-46-24-W4-0150E.0210
CARD 1 of 4
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
1.06 95.80 101.55 4,464 453,319 60% 271,992
IMP TYPE 44 - Hotel/Motel - Low Quality MODEL 3 - MULTIPLE RES/HOTEL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
2023000204543 6/8/2023 05 05 I 7,500,000
3117/2155 5/10/1999 01 01 I 461,000
1754/2009 10/1/1984 01 01 I 711,500
 
 
 
 
VALUE SUMMARY Current Values 2024
BUILDING COST VALUE * *
BUILDING EXTRA FEATURES * *
LAND EXTRA FEATURES * *
LAND VALUE * 4,681,974
COST APPROACH VALUE * *
INCOME APPROACH VALUE * *
SALES APPROACH VALUE * *
MARKET VALUE * 5,180,013
* The Approaches to value on this parcel are incomplete or not applicable due to age or parcel type.
LEE COUNTY PROPERTY APPRAISER GENERATED ON 2/27/2025 12:18 PM Current Working Values
SITE ADDRESS
414/416 CRESCENT ST
OWNER'S NAME
FMB MATANZAS LLC
OWNER'S ADDRESS
5880 STALEY RD
FORT MYERS FL 33905
PROPERTY DESCRIPTION
CRESCENT PARK ADDN BLK E
PB4/46 PT LTS 20THRU25LT
26 LES R/W OR 2353 PG 3036 +
OR 3189 PG 3751
DOR CODE 39 - HOTELS, MOTELS
NBHD CODE
53-201.2
FM BCH / BONITA BCH
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 2.0
BEDROOMS 0
BATHROOMS 11.0
EXTERIOR WALL 17 CB STUCCO
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 12 REINFORCED CONCRETE
ROOF COVER 4 BUILD UP TAR AND G
INTERIOR WALL 3 PLASTERED
INTERIOR WALL 0 NONE
INTERIOR FLOOR 14 CARPET
INTERIOR FLOOR 0 NONE
HEATING FUEL 4 ELECTRIC
HEATING TYPE 3 FORCED AIR-NOT DUCTED
AC TYPE 2 WINDOW UNIT
QUALITY 3.0000 AVERAGE
LIVING UNITS LVGU 11.00
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 1964 2,100 100 2,100   *
FINISHED OPEN PORCH 1964 564 20 113   *
FINISHED OPEN PORCH 1964 564 20 113   *
FINISHED UPPER STORY 1964 2,515 100 2,515   *
FINISHED UTILITY 1964 415 50 208   *
STOOP 2016 84 10 8   *
STOOP 1964 176 10 18   *
STOOP 2016 60 10 6   *
UNFINISHED OPEN PORCH 1964 176 15 26   *
UNFINISHED OPEN PORCH 2016 60 15 9   *
   
   
   
   
   
   
TOTALS 6,714 5,116 0
          E X T R A    F E A T U R E S
LINE CODE DESCRIPTION LENGTH WIDTH UNITS UNIT PRICE PCT COND L/B YEAR AMN DEPR DEPR ADJ CAP FLAG COST
 
 
 
 
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 2100 RESTAURANT CPD 0 0 1.00 1.00 0 74.00 10,851.00 SF 1.00 - KW
2 3900 MOTEL CPD 0 0 1.00 1.00 2 74.00 49,000.00 SF 1.00 - KW
3 2016 BU - B CPD 0 0 1.00 1.00 2 15,812.50 16.00 UT 1.00 - JF
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 4,681,974
FOLIO ID: 10228393 STRAP: 19-46-24-W4-0150E.0210
CARD 2 of 4
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
1.05 95.80 100.59 5,116 514,618 60% 308,771
IMP TYPE 44 - Hotel/Motel - Low Quality MODEL 3 - MULTIPLE RES/HOTEL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
VALUE SUMMARY Current Values 2024
ADDITIONAL FLOORS CARD 2 of 4 FOLIO:10228393 PARCEL NO: 19-46-24-W4-0150E.0210
FLOOR 1
Floor plan
FLOOR 2
Floor plan
   
LEE COUNTY PROPERTY APPRAISER GENERATED ON 2/27/2025 12:18 PM Current Working Values
SITE ADDRESS
414/416 CRESCENT ST
OWNER'S NAME
FMB MATANZAS LLC
OWNER'S ADDRESS
5880 STALEY RD
FORT MYERS FL 33905
PROPERTY DESCRIPTION
CRESCENT PARK ADDN BLK E
PB4/46 PT LTS 20THRU25LT
26 LES R/W OR 2353 PG 3036 +
OR 3189 PG 3751
DOR CODE 39 - HOTELS, MOTELS
NBHD CODE
53-201.2
FM BCH / BONITA BCH
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 1.0
BEDROOMS 2
BATHROOMS 1.0
EXTERIOR WALL 17 CB STUCCO
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 4 WOOD TRUSS
ROOF COVER 3 ASPHALT OR COMPOSITION
INTERIOR WALL 5 DRYWALL
INTERIOR WALL 0 NONE
INTERIOR FLOOR 14 CARPET
INTERIOR FLOOR 0 NONE
HEATING FUEL 4 ELECTRIC
HEATING TYPE 4 FORCED AIR-DUCTED
AC TYPE 3 CENTRAL
QUALITY 3.0000 AVERAGE
LIVING UNITS LVGU 1.00
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 1967 1,843 100 1,843   *
STOOP 1967 88 10 9   *
STOOP 2016 79 10 8   *
   
   
   
   
   
   
   
   
   
   
   
   
   
TOTALS 2,010 1,860 0
          E X T R A    F E A T U R E S
LINE CODE DESCRIPTION LENGTH WIDTH UNITS UNIT PRICE PCT COND L/B YEAR AMN DEPR DEPR ADJ CAP FLAG COST
 
 
 
 
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 2100 RESTAURANT CPD 0 0 1.00 1.00 0 74.00 10,851.00 SF 1.00 - KW
2 3900 MOTEL CPD 0 0 1.00 1.00 2 74.00 49,000.00 SF 1.00 - KW
3 2016 BU - B CPD 0 0 1.00 1.00 2 15,812.50 16.00 UT 1.00 - JF
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 4,681,974
FOLIO ID: 10228393 STRAP: 19-46-24-W4-0150E.0210
CARD 3 of 4
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
1.06 153.61 162.83 1,860 302,864 60% 181,718
IMP TYPE 21 - Stores/Office/Res Combination MODEL 4 - COMMERCIAL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
VALUE SUMMARY Current Values 2024
LEE COUNTY PROPERTY APPRAISER GENERATED ON 2/27/2025 12:18 PM Current Working Values
SITE ADDRESS
414/416 CRESCENT ST
OWNER'S NAME
FMB MATANZAS LLC
OWNER'S ADDRESS
5880 STALEY RD
FORT MYERS FL 33905
PROPERTY DESCRIPTION
CRESCENT PARK ADDN BLK E
PB4/46 PT LTS 20THRU25LT
26 LES R/W OR 2353 PG 3036 +
OR 3189 PG 3751
DOR CODE 39 - HOTELS, MOTELS
NBHD CODE
53-201.2
FM BCH / BONITA BCH
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 2.0
BEDROOMS 0
BATHROOMS 0
EXTERIOR WALL 13 PREFAB WOOD PANEL
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 2 SHED
ROOF COVER 2 ROLLED COMPOSITION
INTERIOR WALL 8 DEC WALL COVER
INTERIOR WALL 0 NONE
INTERIOR FLOOR 9 PINE/LAMINATE/LUXURY VINYL
INTERIOR FLOOR 0 NONE
HEATING FUEL 4 ELECTRIC
HEATING TYPE 4 FORCED AIR-DUCTED
AC TYPE 3 CENTRAL
QUALITY 3.0000 AVERAGE
LIVING UNITS LVGU 0.00
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 1940 3,586 100 3,586   *
FINISHED OPEN PORCH 1940 805 30 242   *
FINISHED OPEN PORCH 1940 465 30 140   *
FINISHED UPPER STORY 1940 1,515 100 1,515   *
FINISHED UTILITY 1940 315 50 158   *
PATIO 1940 1,124 5 56   *
STOOP 1940 319 10 32   *
UNFINISHED OPEN PORCH 1940 218 20 44   *
   
   
   
   
   
   
   
   
TOTALS 8,347 5,773 0
          E X T R A    F E A T U R E S
LINE CODE DESCRIPTION LENGTH WIDTH UNITS UNIT PRICE PCT COND L/B YEAR AMN DEPR DEPR ADJ CAP FLAG COST
1 DECK DECK - WOOD 0.00 0.00 586.00 33.00 1.00 B 1984 2.00 0.60 - *
2 FENCE A FENCE - WOOD STOCKADE 80.00 5.00 400.00 4.25 1.00 L 1984 10.00 0.60 - *
3 UTY FIN UTILITY - FINISHED 12.00 12.00 144.00 28.71 1.00 B 1984 2.00 0.60 - *
4 PIER C PIER - COMMERCIAL 0.00 0.00 1860.00 49.38 1.00 L 2024 2.00 0.98 - *
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES 0
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 2100 RESTAURANT CPD 0 0 1.00 1.00 0 74.00 10,851.00 SF 1.00 - KW
2 3900 MOTEL CPD 0 0 1.00 1.00 2 74.00 49,000.00 SF 1.00 - KW
3 2016 BU - B CPD 0 0 1.00 1.00 2 15,812.50 16.00 UT 1.00 - JF
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 4,681,974
FOLIO ID: 10228393 STRAP: 19-46-24-W4-0150E.0210
CARD 4 of 4
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
0.79 269.95 213.26 5,773 1,231,150 48% 584,796
IMP TYPE 56 - Restaurant MODEL 4 - COMMERCIAL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
VALUE SUMMARY Current Values 2024
ADDITIONAL FLOORS CARD 4 of 4 FOLIO:10228393 PARCEL NO: 19-46-24-W4-0150E.0210
FLOOR 1
Floor plan
FLOOR 2
Floor plan