$2,050,000

5440 Palmetto ST, Fort Myers Beach, FL 33931

6 beds |
5 baths |
2,934 sqft

Single-Family Home
Built in 1971
5,619sqft lot
—— car garage
$699/sqft
Listed 4 days ago

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.

Listing Status:: Active
Date Added:: March 2, 2026
Data Last Updated:: March 5, 2026 at 1:18PM
Listing Office:: Premiere Plus Realty Company : (239) 732-7837
Listing Agent:: J Alex King : (239) 849-3663
MLS ID:: 226009291

General: Breakfast BarEat-in KitchenLiving/Dining RoomPantryShower OnlySeparate ShowerHigh Speed InternetSplit Bedrooms
Appliances: DryerDishwasherFreezerMicrowaveRangeRefrigeratorWasher
Laundry: Inside
Flooring: Tile
A/C: Central AirCeiling Fan(s)Electric
Heating: CentralElectric

General: FenceOtherPatioStorage
Style: Two Story
Other Structures: Patio
Pool: Electric HeatHeatedIn Ground
Parking: DrivewayPavedTwo Spaces

Roofing: Metal
Windows: SlidingImpact Glass
General: Wood SidingWood Frame2

HOA Amenities: Beach RightsBeach AccessBarbecuePicnic Area0.0
Originating MLS: FGC_BEAR
County: Lee

Zoning: GULF HEIGHTS BLK 4 PB 6 PG 39 LOT 1333-46-24-W1-00204.0130
View: GulfLandscapedPartialView

Utilities: Cable AvailableHigh Speed Internet Available
Water: Public
Sewer: Public Sewer

Source: FGC_BEAR
Ownership: Single Family

This listing courtesy of J Alex King , Premiere Plus Realty Company

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Fort Myers Beach Elementary School

2751 Oak St, Fort Myers Beach, FL, 33931

Grades KG-5

1.94 miles away

Lexington Middle School

16351 Summerlin Rd, Fort Myers, FL, 33908

Grades 6-8

4.56 miles away

Island Park High School

16520 S Tamiami Trl Ste 190, Fort Myers, FL, 33908

Grades 9-12

5.94 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.