Water Views
Address
5440 Palmetto St, FORT MYERS BEACH, FL
Price
$ 1,999,000
Property Attributes
- MLS#226009291
- TypeSingle Family
- Listing Status Active
- CountyLee
- CityFORT MYERS BEACH
- AreaGULF HEIGHTS
- NeighborhoodGULF HEIGHTS
- Zip33931
- Style
- Year Built1971
- Taxes$ 9809
- Price$ 1,999,000
- Bedrooms6
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage2934
- Lot Size0.129 Acres
Data Source:
Southwest Florida MLS Datashare
Property Description
Discover the perfect blend of coastal living and exceptional income potential with this beautifully updated 6-bedroom, 5-bath beachside retreat featuring direct beach access to the Gulf shoreline. Zoned for WEEKLY RENTALS, this versatile two-level home offers outstanding flexibility. Use it as a spacious single-family residence or operate it as a duplex with two fully functional living spaces—ideal for maximizing rental income, accommodating extended family, or enjoying as your private beach getaway. Recently remodeled and refreshed throughout, the property includes a NEW roof, NEW water heater, NEW siding, and NEW pool equipment, providing modern comfort and peace of mind. The private pool and expansive outdoor areas create the perfect setting for relaxation, entertaining, and embracing the coastal lifestyle. Currently managed by a local rental company, the home offers a projected gross annual rental revenue of $202,238, making it a compelling investment opportunity. With direct beach access, a flexible layout, and strong income potential, this coastal retreat delivers the ultimate combination of lifestyle, convenience, and financial return—perfect for hosting unforgettable family gatherings or welcoming vacationing guests year-round.
| Price History | |
|---|---|
| 3/26/2026 | Listed $2,050,000 |
| 8/6/2026 | 2$1,999,000 |
General Features
| Living Area | 2934 |
|---|---|
| Heating | Central Electric |
| Cooling | Ceiling Fan(s),Central Electric |
| Roof | Metal |
| Appliances | Dishwasher,Dryer,Microwave,Range,Refrigerator,Refrigerator/Freezer,Washer |
| Zoning | TFC2 |
| Patio/Porch Features | Patio |
| Architectural Style | Two Story,Single Family |
| Pool Features | Below Ground,Electric Heat |
| Security Features | Smoke Detector(s) |
| Construction Materials | Wood Frame,Wood Siding |
| Pets Allowed | Yes |
| Year Built | 1971 |
| View | Landscaped Area,Partial Gulf |
| Levels | 1 |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Parcel Number | 33-46-24-W1-00204.0130 |
| Waterfront Features | None |
| County | Lee |
| New Construction | false |
| Property Type | Residential |
| Association Amenities | Barbecue,Beach Access,Internet Access |
| HOA | false |
| Attached Garage | false |
| Subdivision Name | GULF HEIGHTS |
| Garage Y/N | false |
| Other Structures | Storage |
| Full Baths | 5 |
| Status | Active |
| ModificationTimestamp | 2026-08-13T20:15:55.983Z |
| City | FORT MYERS BEACH |
| Senior Community Y/N | false |
| Number Of Units Total | 1 |
| MLS Area | GULF HEIGHTS |
| Lot Size Units | Acres |
| Lot Size Square Feet | 5619 |
| Carport Y/N | false |
| Tax Annual Amount | 9809.36 |
| Ok to Lease | Buyer Finance/Cash |
| Structure Type | House |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Freehold | IDX |
| Gulf Access | false |
| Leases Per Year | 52 |
| Unit Floor | 1 |
| Boat Access Type | None |
| Community Type | No Subdivision,Non-Gated |
Interior Features
| Interior Amenities | Smoke Detectors |
|---|---|
| Flooring | Tile |
| Furnished Y/N | Turnkey |
| Total Stories | 1 |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Fireplace Y/N | false |
| Laundry Features | Laundry in Residence |
| Total Bedrooms | 6 |
| Total Baths | 5 |
| Dining Room Features | Breakfast Bar,Dining - Living,Eat-in Kitchen |
| Kitchen Description | Pantry |
| Elevator | None |
Exterior Features
| Exterior Amenities | Storage |
|---|---|
| Fencing | Fenced |
| Parking Features | Driveway Paved |
| Lot Features | Regular |
| Water Source | Central |
| Lot Size Area | 0.129 |
| Park Name | GULF HEIGHTS |
| Spa | false |
| Building Area Total | 2934 |
| Lot Size Acres | 0.129 |
| Private Pool | true |
| Waterfront Y/N | false |
| Road Responsibility | Public Maintained Road |
| Horse Y/N | false |
| Rear Exposure | SE |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 33931
Price
Taxes
Year Built
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