CENTURY 21 Edge
$850,000$999,9995 bd3 ba3,512 sqft$242 /sqft≈$6,061 /mo all-in ↓

18220 ELMWOOD DRIVE, ALVA, FL, 33920

Active201 days on marketListed Apr 20, 2026MLS #C7525120

✦ Reduced $150KWaterfrontPrivate poolSingle Family ResidenceACREAGE & UNREC

About this home

18220 ELMWOOD DRIVE

MOTIVATED REDUCTION *** $-150,000.00 *** PRICE IMPROVEMENT REFLECTS SELLER MOTIVATION. PRICED TO MOVE AT AN UNBEATABLE VALUE! UNPRECEDENTED VALUE AND OPPORTUNITY. 3.2 AC, 2 HOMES, 2400 SF RED IRON BARN, LAP POOL AND HUGE LANAI, NAVIGABLE WATER 500 YARDS TO CALOOSAHATCHEE RIVER DOWN RIVER OF LOCKS. ZONED AG-2. NO HOA, NOT IN A SUBDIVISIONS. PRESERVED TELEGRAPH VIEWS BY CONSERVATION EASEMENT. HAVE INSTANT EQUITY AND BE FREE IN YOUR FUTURE FROM ASSOCIATIONS AND RESIDENTIAL ZONING. This is a truly remarkable property that photographs can't do it justice. Such a beautiful oasis!! Private, peaceful,…Perfect for an Artist, writer, photographer or just a nature lover! The good life awaits!! Multigenerational property 2 home estate. Enjoy the workshop/barn of the 2400sf red iron/steel barn. Enjoy the screened recreational area with 40ft pool. Located on 344 feet of the navigable Telegraph Creek, 550 yards to the Caloosahatchee river. Feel the privacy in this 3.2 acre estate. ZONED AG 2! Mature oaks & pines, find yourself in the secret, equestrian and recreational Hideaway of Alva, Florida! The tranquility and elegance of this 3.2 acres rich in classic southern style charm. DETAILS: Main house is 2422sf 3/2 with grand open spaces. The kitchen features state of the art amenities, including BLANCHE quartz countertops, stainless steel sink, eye-catching subzero, classic French door, refrigerator freezer. Chef‘s choice of the induction range, convection, double oven and an easy to reach conveniently located microwave oven. Designer cabinetry, with soft, closing drawers and heavy hinge, including a large walk-in pantry with designer doors, and stainless steel barn door hardware.  The multi Chef kitchen will support the families best chefs at holidays and gatherings with the island kitchen as the social hub of the 700 ft.² gathering space. A large family room is the hub for the three bedrooms on the north side of the house. The family room features a wood-burning fireplace, and panoramic veiws of the backyard and the telegraph creek. The master suite includes a large walk-in closet and private bath with dual sinks and a spacious custom shower. Private access into the lanai and pool area. The second bedroom, with a vaulted ceiling and access into the pool lanai area. The third bedroom features, built-in open bookshelves, + large size walk-in closet. BONUS!! 1090 ft.² guest house with carport. Full functioning, with living room, dining room, and a fully equipped kitchen in the central space, full laundry, hook ups, independent HVAC from main house, and a bedroom located on each end of the living space. A large screened, private lanai invites you to relax and enjoy. A 40 x 60 red iron steel building with three overhead doors and an access door, on a monolithic pour of concrete is here for your needs.

Facts & features

The home at a glance

5

Bedrooms

3

Bathrooms

3,512

Sqft

3.2 ac

Lot size

4

Garage

1956

Year built

One

Levels

$242

Per sqft

Private poolWaterfrontFireplaceNegotiable

Inside

FlooringCarpet · Ceramic Tile · Tile
AppliancesConvection Oven · Dishwasher · Dryer · Electric Water Heater · Exhaust Fan · Microwave · Refrigerator · Washer · Water Filtration System · Water Softener
InteriorCeiling Fan(s) · Eating Space In Kitchen · High Ceilings · Kitchen/Family Room Combo · L Dining · Living Room/Dining Room Combo · Open Floorplan · Other · Primary Bedroom Main Floor · Solid Surface Counters · Solid Wood Cabinets · Stone Counters · Vaulted Ceiling(s) · Window Treatments
LaundryInside · Laundry Closet
CoolingCentral Air
HeatingCentral · Electric
FurnishedNegotiable

Outside & construction

RoofShingle
ConstructionBlock · Stucco
FoundationSlab
FacesWest
ExteriorHurricane Shutters · Private Entrance · Private Mailbox · Private Yard · Rain Gutters · Sliding Doors

Community & fees

Taxes (2025)$2,794/yr

Utilities & systems

UtilitiesCable Available · Electricity Connected
WaterWell

The numbers

What it really costs

Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.

$6,061 /mo · 10% down Conventional, 30-yr fixed at 7.5%

Principal & interest$5,349
PMI (est., until 20% equity)$319
Property tax — 2025 actual bill$233
Insurance (FL estimate)$160

The assumptions

Loan typeConventionalDown payment10% · $85,000Loan30-yr fixed at 7.5%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.

These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:

Andrew Acosta

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type

FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.

Down payment10% · $85,000
Interest rate7.50%
Loan term

Estimated payment

$6,061/mo

Principal & interest$5,349
PMI (est., until 20% equity)$319
Property taxes (actual bill)$233
Est. insurance$160

Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.

Can I afford this home? → See what you can comfortably afford from your income, debts and savings.

Value check

Is the price right?

The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.

$/sqft vs ACREAGE & UNREC

$242 vs $412

Days on market

201 vs 67 typical

Where $242/sqft sits among the 100 homes for sale in ACREAGE & UNREC

56 · this home
22
4
6
5
7
$135–443$443–750$750–1058$1058–1365$1365–1673$1673+

The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.

Where it sits

Inside Alva

Get to know Alva. See the full Alva guide →

ALVA 33920 — neighborhood snapshot

Population

7,689

Median age

50

Median income

$87,601

Median home value

$376,000

Avg household

2.7

Households w/ children

705

For the school run

Lee County School District

ElementaryRiver Hall Elementary School★★★★★
HighRiverdale High School★★★★★
HighLehigh Senior High School★★★★★
HighEast Lee County High School★★★★★
ElementaryManatee Elementary School★★★★★
HighGateway High School★★★★★
ElementaryOrange River Elementary School★★★★★
ElementaryTice Elementary School★★★★★
ElementaryJames Stephens Elementary School★★★★★

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Alva market

Seller’s marketLeans buyer — 19.7 months of inventoryBuyer’s market

$450K → $265K

Alva median sold, yr/yr

96.3%

Sale-to-list ratio (12 mo)

36 of 100

ACREAGE & UNREC have cut their price

Median sold price, Alva, trailing 36 months (3-month rolling) · live MLS data.

This home is listed 113% above the ALVA 33920 median. See the full Alva market guide →

Paper trail

This home's history

CurrentPrice reduced to $850,000 ▼ $150K
Apr 20, 2026Listed at $999,999 · 201 days on market since
1956Built · ACREAGE & UNREC

Reality check

What actually sold near 18220 ELMWOOD DRIVE

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

18725 S OBRIEN ROADSold · Mar ’26

$1,080,000

18725 S OBRIEN ROAD · same community

6 bd · 4 ba · 3,465 sqft · $312/sqft · 205 DOM

3493 EDWARDS ROADSold · Feb ’26

$1,400,000

3493 EDWARDS ROAD · same community

4 bd · 4 ba · 3,854 sqft · $363/sqft · 8 DOM

24247 WOLF BRANCH ROADSold · Oct ’26

$500,000

24247 WOLF BRANCH ROAD · same community

5 bd · 3 ba · 2,960 sqft · $169/sqft · 240 DOM

Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.

Your home team

The pros in your corner

Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.

Derrion White

Your agent

Derrion White

REALTOR® · CENTURY 21 Edge

Tours, negotiation, and every question about 18220 ELMWOOD DRIVE — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 18220 ELMWOOD DRIVE — before you fall in love.

See it in person

Schedule a tour

Live availability from Derrion's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.

Straight answers

18220 ELMWOOD DRIVE FAQs

What would the monthly payment be for 18220 ELMWOOD DRIVE?+

With 10% down on a 30-year Conventional loan at 7.5%, the all-in payment lands around $6,061/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.

What are the property taxes on 18220 ELMWOOD DRIVE?+

The most recent tax bill on record (2025) was $2,794. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.

How does the price compare to other homes in Alva?+

At $850,000, this home is listed about 88% above the Alva median of $450,990. The market section on this page shows how the area is trending.

Which schools are assigned to 18220 ELMWOOD DRIVE?+

River Hall Elementary School (elementary), Riverdale High School (high), Lehigh Senior High School (high), East Lee County High School (high), Manatee Elementary School (elementary), Gateway High School (high), Orange River Elementary School (elementary), Tice Elementary School (elementary), James Stephens Elementary School (elementary) — Lee County School District. Always verify school assignments with the district before relying on them.

The brief

Four things that matter here

01Positioned at the premium end

$850,000 runs 113% above the ALVA 33920 median — but at 3,512 sqft it's also nearly twice the size of the typical Alva listing.

02Waterfront living

This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.

03Time on market is leverage

201 days on market against a Alva median of 67 — sellers in this position are usually ready to negotiate.

04The price has already moved

Listed at $999,999, now $850,000 — a $150K cut. The full history is in the market section below.

Listing courtesy of DALTON WADE INC · Missy McAmis. MLS #C7525120.

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.

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18220 Elmwood Drive, Alva, FL — 5 Bed 3 Bath for Sale, $850K