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Two Story, Single Family

5440 Palmetto ST

FORT MYERS BEACH , FL 33931

MLS#: 226009291

$2,050,000

Status: Active
Listing number: 226009291
Listing provided by: Premiere Plus Realty Company
Listing agent phone: None
Last update: 10 days ago
On site: a month ago
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GULF HEIGHTS - Residential

Property

Beds

6

Full Baths

5

1/2 Baths

None

Year Built

1971

Sq.Footage

2,934

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.

Features & Amenities

Interior

  • Other Interior Features

    Breakfast Bar, Eat-in Kitchen

  • Total Bedrooms

    6

  • Bathrooms

    5

  • Cooling YN

    YES

  • Cooling

    Ceiling Fan(s)

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Central, Electric

  • Pet friendly

    Yes

Exterior

  • Garage

    No

  • Construction Materials

    Wood Siding

  • Other Exterior Features

    Storage

  • Parking

    Paved

  • Patio and Porch Features

    Patio

  • Pool

    Yes

  • Pool Features

    Heated, Electric Heat, Private

  • Waterfront YN

    NO

  • View

    Water

Area & Lot

  • Lot Size(acres)

    0.129

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Two Story, Single Family

Price

  • Sales Price

    $2,050,000

  • Tax Amount

    $9,809.36

  • Sq. Footage

    2, 934

  • Price/SqFt

    $698

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    1

  • Association Amenities

    Barbecue, Beach Access

  • Ownership

    Single Family

  • Senior Community YN

    NO

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Location

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Lee

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Listing Courtesy of J Alex King , Premiere Plus Realty Company

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Agent Julia McCabe

Agent | Realtor®

Julia McCabe

Call Julia today to schedule a private showing.

(610) 585-9923

juliamccabeswfl@gmail.com


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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.

5440 Palmetto ST

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