See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

18090 N Olga Dr, Alva, FL, 33920

6beds
5baths
6,294sqft
$3,850,000
$612price/sqft
$26,331/moest. monthly cost
$1,053,240/yrincome needed

About This Home

A rare Waterfront estate offering privacy, scale, and true deep-water boating. This property is truly special! As you approach the home, an expansive grand driveway entrance leads to a private estate located at the end of a quiet street. Situated on a premier corner lot just outside the city, this property offers pure peacefulness and a true Old Florida lifestyle rarely found in today’s market. The estate spans approximately 1.5+ deeded acres (2.5+ usable) with an impressive 750+ feet of river frontage, delivering breathtaking 180-degree river views and a sense of seclusion throughout. Mature oak trees, lush landscaping, a newer boat dock with two lifts, and direct Gulf Yacht access complete this exceptional waterfront setting. Outdoor living is centered around a resort-style pool with a center spa and sun shelf, paired with a fully equipped professional outdoor kitchen, ideal for relaxing or entertaining along the river. Recessed exterior lighting surrounds the home, creating a refined evening ambiance. Inside, the home offers over 6,000 square feet of well-designed living space with 6+ bedrooms. A soaring grand entry immediately draws your eye to the water, with expansive river views, abundant natural light, and high ceilings throughout. Natural oak flooring runs throughout the home and is complemented by custom baseboards.The open floor plan flows into the chef’s kitchen featuring a large island, Wolf appliances, Sub-Zero refrigerator/freezer, wine cooler, butler’s pantry, granite countertops, and floor-to-ceiling custom cabinetry. Zero-corner impact sliders seamlessly connect the interior to the outdoor living areas, making this home ideal for entertaining. The primary suite features a spacious custom closet and a stunning master bathroom with a walk-in shower, stand-alone soaking tub, and dual vanities. Additional features include a whole-home reverse osmosis system, flood barrier system for peace of mind, oversized garages large enough to park a large boat, RV and or your car collection, and extra large storage space in a dedicated room above the garage. This waterfront location offers large yacht boating access, east or west. Be on the east coast in hours via the lock system out to the Atlantic Ocean or head to the Keys out the river and to the Gulf waters. A truly special riverfront property offering privacy, quality, and unmatched boating access in Lee County.

Getting Around

2
WalkingCar-Dependent
0
TransitVery Limited Transit
26
BikeSomewhat Bikeable

Schools

3/10
6/10
The Alva SchoolGrades PK-86.4 mi
4/10
Riverdale High SchoolGrades 9-121.7 mi

Construction

Condition

  • Year built: 1993

Materials

  • Roof: Metal
  • Construction materials: Block,Stucco

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Additional Refrigerator,Cooktop,Dishwasher,Disposal,Double Oven,Dryer,Internet Ready,Microwave,Gas Range,Refrigerator,Washer,Water Heater,Water Treatment,Wine Cooler,See Remarks
  • Laundry features: Laundry Room,Sink

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Features

  • Bar,Breakfast Bar,Eat-in Kitchen,Pantry,Storage,Wet Bar,High Ceilings,Tray Ceiling(s),Vaulted Ceiling(s)
  • Door features: Sliding Doors,Impact Resistant Doors
  • Window features: Casement,Impact Resistant Windows,Picture,Sliding
  • Flooring: Tile,Wood

Heating & Cooling

  • Heating features: Central
  • Cooling features: Ceiling Fan(s),Central Air,Zoned 3+ Cooling

Interior Area

  • Total structure area: 9,338
  • Total interior livable area: 6,294 sqft

Master Bathroom

  • Features: Dbl Sinks,Double Vanity,Sep. Shower,Sep. Tub,Tile

Master Bedroom

  • Features: Balcony,See Remarks
  • Level: Second

Property

Details

  • Parcel number: 15432600000170020

Features

  • Levels: Two
  • Stories: 2
  • Private pool: Yes
  • Pool features: In Ground,Electric Heat,Equipment Stays,Pool Bath,See Remarks,Private
  • Patio & porch: Open Porch,Patio,Deck
  • Exterior features: Outdoor Kitchen,Boat Lift,Covered Dock,Dock,Electric at Dock,Water at Dock,Balcony
  • Spa features: Heated
  • Fencing: Fenced
  • Has view: Yes
  • View description: Lawn/Garden,River,See Remarks
  • Has water view: Yes
  • Water view: River
  • On waterfront: Yes
  • Waterfront features: Navigable Water,River Front,Seawall,Gulf Access,River

Lot

  • Lot size: 1.54 Acres
  • Features: See Remarks,Irregular Lot

Parking

  • Total spaces: 5
  • Parking features: 3+ Garage,Garage Door Opener,Covered,Double Garage,Golf Cart Garage,RV Access/Parking,See Remarks
  • Has garage: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Lightning
    LightningModerate
  • Wildfire
    WildfireModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Coastal Flooding
Lightning
Wildfire
Tsunami

FEMA Declared Disasters in Lee County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $19,467$233,604
Home Insurance *$1,595$19,140
Property Taxes $4,636$55,632
Electricity $633$7,600
Total$26,331$315,972
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$902,777/yr
40% on housing$789,930/yr
45% on housing$702,160/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.2%
15.2%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 2.7%
2.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$612This listing

vs Other Active Listings

Avg $/sqft

ZIP 33920$277
Lee County$283

vs Homes Sold Last Month

Median $/sqft

ZIP 33920$215
Lee County$222

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-16Price change$3,995,000
2025-12-26Listed for sale$4,250,000
2024-09-20Sold$3,500,000
2010-07-13Sold$900,000
2009-12-11Price change$1,190,000
2009-11-07Listed for sale$1,490,000
2009-06-20Listing removed$1,790,000
2009-02-01Price change$1,790,000
2008-12-25Price change$1,490,000
2008-06-08Price change$2,398,000
2008-06-05Price change$2,190,000
2008-02-16Listed for sale$2,498,000
2003-06-23Sold$975,000

For Sale by Agent

AgentMike H McMurray
BrokerageRoyal Shell Real Estate, Inc.

Similar Homes