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5440 Palmetto St

FORT MYERS BEACH, FL 33931
  • $1,999,000
  • STATUS: Active
  • ON SITE: 158 Days
  • MLS #: 226009291
Price Reduced
UPDATED: 23 min ago
$1,999,000
  • 6
    BEDS
  • 0.13
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 2,934
    SQFT
  • $681
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1971
County:
Lee

School Ratings & Info

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.

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The data relating to real estate for sale displayed on this Website comes in part from the Multiple Listing Service of the Bonita Springs-Estero Association of REALTORS®, Inc., under License No. 3035763. Properties displayed on this Website include properties listed with brokerage firms other than Devon Hofer | RE/MAX Realty Team. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Bonita Springs-Estero Association of REALTORS® Multiple Listing Service, or contained in the database compilation of the Bonita Springs-Estero Association of REALTORS® Multiple Listing Service. Data last updated 2026-08-08T15:28:25.213.
www.buycapecoralhomes.com/homes/173592883
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5440 Palmetto St FORT MYERS BEACH, FL 33931

  • Price: $1,999,000
  • Status: Active
  • On Site: 158 Days
  • Updated: 23 min ago
  • MLS #: 226009291
6
Beds
5
Baths
0
½ Baths
0.13
Acres
2,934
SQFT
$681
$/SQFT
1971
Built
Neighborhood:
Gulf Heights
County:
Lee
Area:
Fb04 - Avenida Pescadora To S.Bd
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.
Exterior Features

Building Design Single Family Residence Canal Width None Carport Desc No Carport Spaces 0 Construction Wood FrameWood Siding Covered Spaces 0 Direction Faces Northwest Entry Level 1 Exterior Features Storage Fencing Fenced Frontage Length 45 Garage Desc No Gulf Access YN No Lot Desc Regular Open Parking YN Yes Parking 2+ SpacesDriveway Paved Patio And Porch Features Patio Private Pool Desc In GroundElectric Heat Private Spa YN No Road Responsibility City Maintained Roof Metal View Landscaped AreaPartial Gulf View YN Yes Waterfront Desc None Waterfront YN No Window Features SlidingImpact Resistant Windows

Interior Features

Bedrooms 6 or More Cooling Ceiling Fan(s)Central Electric Cooling YN Yes Dining Room Features Breakfast BarDining - LivingEat-in Kitchen Equipment DishwasherDryerMicrowaveRangeRefrigeratorRefrigerator/FreezerWasher Flooring Tile Furnished Desc Turnkey Heating Remarks Central Electric Heating YN Yes Interior Features Great RoomSplit BedroomsGuest BathGuest Room Kitchen Features Pantry Laundry Features Inside Master Bathroom Features Shower Only Rooms Total 0

Property Features

Amenity Rec Fee 0 Application Fee 0 Association Amenities None Bathrooms Total 5 Builder Product YN No Building Area Total 2934 Community Features BBQ - PicnicBeach AccessInternet AccessNo SubdivisionNon-Gated Condo Fee 0 HOAFee 0 Irrigation Source Central Land Lease Amount 0 Lease Limits YN Yes Leases Per Year 52 Legal Unit 0 Levels Two2 Story Lot Unit 13 Management None Mandatory Club Fee 0 Master HOAFee 0 Min Days Of Lease 7 MLS Bonita Springs New Construction YN No Number Of Units In Community 1 One Time Mandatory Club Fee 0 One Time Other Fee 0 One Time Rec Lease Fee 0 One Time Special Assessment Fee 0 Ownership Desc Single Family Pets No Approval Needed Possession Close Of Escrow Private Pool YN Yes Security Features Smoke Detectors Sewer Central Sub Condo Name GULF HEIGHTS Tax Annual Amount 9809.36 Tax Block 4 Tax District Type Not Applicable Tax Legal Description GULF HEIGHTS BLK 4 PB 6 PG 39 LOT 13 Tax Other Annual Assessment Amount 0 Tax Year 2025 Terms Buyer Finance/Cash Total Annual Recurring Fees 0 Total One Time Fees 0 Transfer Fee 0 Utilities Cable Available Water Central Zoning TFC2

Listing courtesy of Premiere Plus Realty Company: 239-732-7837.


The data relating to real estate for sale displayed on this Website comes in part from the Multiple Listing Service of the Bonita Springs-Estero Association of REALTORS®, Inc., under License No. 3035763. Properties displayed on this Website include properties listed with brokerage firms other than Devon Hofer | RE/MAX Realty Team. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Bonita Springs-Estero Association of REALTORS® Multiple Listing Service, or contained in the database compilation of the Bonita Springs-Estero Association of REALTORS® Multiple Listing Service. Data last updated 2026-08-08T15:28:25.213.
 
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Devon Hofer | RE/MAX Realty Team
24031 S Tamiami Trail Suite 101
Bonita Springs FL, 34134