What Ian left behind
Ian made landfall at Cayo Costa on September 28, 2022 with winds near 150 miles per hour. The National Hurricane Center recorded surge of 10 to 15 feet above ground at Fort Myers Beach and six to nine feet in Naples, and counted about 900 structures destroyed on Fort Myers Beach alone and more than 5,000 across Lee County. Collier's damage was lighter but still counted thousands of structures with major damage.
Four years later
The question a lender asks now is where a building is in that recovery. A tower that has finished its repairs, settled its claims and renewed its insurance may be warrantable again; one still in reconstruction, or in a dispute with its insurer, usually is not. The documents that answer it are the engineer's completion letter, the insurance declarations and the association's disclosure of any litigation.
The Southwest Florida condo market, August 2026
Florida Realtors reported a median condo-townhouse price of $429,500 for the Naples metro area in August 2026, up about 5%, and $269,000 for Cape Coral–Fort Myers, down about 2%. In the Lee County area, the Royal Palm Coast Realtor Association counted 268 condo sales at a median of $227,250, with supply down to 8.2 months from a year earlier.
Where buyers here get stuck
- Gulf-front buildings still in reconstruction — see assessments and refinancing later.
- Claims disputes with insurers — see litigation.
- Seasonal and second-home buyers in Naples and Marco Island — see the hub.
Sources, checked September 2026: Florida DBPR condominium project counts (downloaded September 29, 2026) · National Hurricane Center, Hurricane Ian report · Florida Realtors, August 2026 metro-area report · Royal Palm Coast Realtor Association, August 2026. Agency guides change; a lender confirms the rules in force on your application date.
Common questions
Can I finance a Fort Myers Beach condo in a building rebuilt after Hurricane Ian?
Often, including conventionally once repairs are complete and documented. Buildings still under reconstruction usually need a portfolio lender.
What is the median condo price in Naples?
$429,500 for the Naples metro in August 2026, per Florida Realtors.
Does a condo association's dispute with its insurer affect financing?
Yes. It is typically treated as litigation, which makes the building ineligible for agency loans until resolved.
Do you finance second homes in Naples and Marco Island?
Yes, including in non-warrantable buildings, through portfolio and non-QM lenders.