5440 Palmetto ST Fort Myers Beach, FL 33931
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,934 sqft
Price per Sqft $698
Subdivision Gulf Heights
MLS Listing ID 226009291
Style Two Story
Bedrooms 6
Full Baths 5
Construction Status Resale
HOA Y/N No
Year Built 1971
Annual Tax Amount $9,809
Tax Year 2025
Lot Size 5,619 Sqft
Acres 0.129
Lot Dimensions Measured
Property Sub-Type Single Family Residence
Property Description
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.
Location
State FL
County Lee
Community Gulf Heights
Area Fb04 - Avenida Pescadora To S.Bd
Direction Northwest
Rooms
Bedroom Description 6.0
Interior
Interior Features Breakfast Bar, Eat-in Kitchen, Living/ Dining Room, Pantry, Shower Only, Separate Shower, High Speed Internet, Split Bedrooms
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s), Electric
Flooring Tile
Furnishings Furnished
Fireplace No
Window Features Sliding,Impact Glass
Appliance Dryer, Dishwasher, Freezer, Microwave, Range, Refrigerator, Washer
Laundry Inside
Exterior
Exterior Feature Fence, Other, Patio, Storage
Parking Features Driveway, Paved, Two Spaces
Pool Electric Heat, Heated, In Ground
Community Features Non- Gated, None
Utilities Available Cable Available, High Speed Internet Available
Amenities Available Beach Rights, Beach Access, Barbecue, Picnic Area
Waterfront Description None
View Y/N Yes
Water Access Desc Public
View Gulf, Landscaped, Partial
Roof Type Metal
Porch Patio
Garage No
Private Pool Yes
Building
Lot Description Rectangular Lot
Faces Northwest
Story 1
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Two Story
Level or Stories Two
Unit Floor 1
Structure Type Wood Siding,Wood Frame
Construction Status Resale
Others
Pets Allowed Yes
HOA Fee Include None
Senior Community No
Tax ID 33-46-24-W1-00204.0130
Ownership Single Family
Security Features Key Card Entry,Smoke Detector(s)
Acceptable Financing All Financing Considered, Cash
Disclosures Owner Has Flood Insurance
Listing Terms All Financing Considered, Cash
Pets Allowed Yes
NEARBY SCHOOL & BUSINESS
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