Real estate glossary

How easily a property can be sold without a large price discount.

Rental income compared with the purchase price and ownership costs.

Furnished rentals for short stays, often regulated separately from long-term leases.

Recurring association payments for shared building or community costs.

Recurring local taxes based on assessed property value.

A privately owned unit in a building or community with shared common areas.

A housing structure where buyers own shares in a corporation rather than the unit directly.

Physical and insurance risks linked to floods, storms, heat, fire, or terrain.

A globally recognized market with deep capital, travel, and buyer demand.

A broad southern US growth region often associated with migration and job growth.

The verification work a buyer performs before relying on a property claim or closing a deal.

Whether a lot can realistically support the intended project after local checks.

A local government fee that may fund infrastructure needs created by new development.

A Lee County property identifier used in property records and permitting workflows.

A protected Florida species whose burrows can affect land clearing and construction.

A mapped flood-risk area used for insurance, permitting, lending, and due diligence.

A road or area where everyday retail, grocery, restaurant, gas, and service trips cluster.

Practical access to public transportation, stops, routes, and mobility options.

Food, water, medicine, fuel, and household basics residents may need before storm season.

A legal right to use part of a property for a specific purpose, such as utilities or access.

Local rules that define how a parcel of land may be used and what can be built on it.

Bringing services like water, sewer, power, and internet to a parcel of land.

A strip of land along a road, transit, or utility line where growth and access concentrate.