Price Reduction - 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
- AreaFB04 - Avenida Pescadora to S.Bd
- 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:
Bonita Springs-Estero AOR
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
| Gulf Access | false |
|---|---|
| Min. Days of Lease | true |
| Num of Leases/Yr: | true |
| Living Area | 2934 |
| Sewer | Central |
| Heating | Central Electric |
| Cooling | Ceiling Fan(s),Central Electric |
| Utilities | Cable Available |
| Possession | Close Of Escrow |
| Roof | Metal |
| Appliances | Dishwasher,Dryer,Microwave,Range,Refrigerator,Refrigerator/Freezer,Washer |
| Zoning | TFC2 |
| Association Fee Includes | None |
| Patio/Porch Features | Patio |
| Pool Features | In Ground,Electric Heat |
| Security Features | Smoke Detectors |
| Construction Materials | Wood Frame,Wood Siding |
| Pets Allowed | No Approval Needed |
| Year Built | 1971 |
| View | Landscaped Area,Partial Gulf |
| Stories Count | 2 |
| Levels | Two,2 Story |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Ownership | Single Family |
| Waterfront Features | None |
| Community Features | BBQ - Picnic,Beach Access,Internet Access,No Subdivision,Non-Gated |
| Building Name | GULF HEIGHTS |
| County | Lee |
| New Construction | false |
| Property Type | Residential |
| Subdivision Name | GULF HEIGHTS |
| Facing Direction | Northwest |
| Garage Y/N | false |
| Full Baths | 5 |
| Status | Active |
| City | FORT MYERS BEACH |
| MLS Area | FB04 - Avenida Pescadora to S.Bd |
| Lot Size Units | Acres |
| Lot Size Square Feet | 5619.24 |
| Carport Y/N | false |
| Land Lease Y/N | false |
| Tax Annual Amount | 9809.36 |
| Showing Instructions | Click Showing Icon,Listing Office Accompany |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Legal Description | GULF HEIGHTS BLK 4 PB 6 PG 39 LOT 13 |
Interior Features
| Interior Amenities | Great Room,Split Bedrooms,Guest Bath,Guest Room |
|---|---|
| Flooring | Tile |
| Furnished Y/N | Turnkey |
| Total Stories | 1 |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Window Features | Sliding,Impact Resistant Windows |
| Laundry Features | Inside |
| Total Bedrooms | 6 |
| Entry Level | 1 |
| LivingAreaSource | Property Appraiser Office |
| Kitchen Features | Pantry |
| Total Baths | 5 |
| Primary Bathroom Features | Shower Only |
| Dining Room Features | Breakfast Bar,Dining - Living,Eat-in Kitchen |
Exterior Features
| Exterior Amenities | Storage |
|---|---|
| Fencing | Fenced |
| Parking Features | 2+ Spaces,Driveway Paved |
| Lot Features | Regular |
| Water Source | Central |
| Lot Size Area | 0.129 |
| Spa | false |
| Building Area Total | 2934 |
| Lot Dimensions | 45 x 45 x 125 x 125 |
| Lot Size Acres | 0.129 |
| Frontage Length | 45 |
| Lot Size Source | Property Appraiser Office |
| Waterfront Y/N | false |
| Road Responsibility | City Maintained |
| LotDimensionsSource | Field Measurements |
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
All information regarding a property for sale, rental or financing, school information and public tax records is from sources deemed reliable; PROVIDED, HOWEVER, that representations and warranties are not made about the accuracy thereof, and such information is subject to errors, omissions, updates, modifications, changes of price, rent rates, commissions, prior sales, leases or financing, changes in school boundaries, or withdrawal without notice. All information displayed on this Website should
© 2026 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
This data is up-to-date as of August 23, 2026 1:24 AM UTC Some properties that appear for sale on this website may subsequently have sold and may no longer be available. For the most current information, contact eXp Realty in South Florida.
The information provided is for consumers' personal, non-commercial use and may not be used for any other purpose. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples,
