ActiveMLS# 920f6bddea8e3732fe6f7f533e269c3c254 days on market
$1,999,000
$681 / sq ft
5440 Palmetto ST
FORT MYERS BEACH, FL, 33931
6Bedrooms
5Bathrooms
2,934Sq Ft
1971Year Built
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About This Property

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.

Key Features

  • 0.129 Acres Lot
  • Built in 1971

Property Details

  • Type: Single Family Home
  • Year Built: 1971
  • Lot Size: 0.129 sq ft
  • Sq Ft: 2,934
  • Price / Sq Ft: $681
  • HOA: Contact Agent
  • Bedrooms: 6
  • Bathrooms: 5
  • Feature: 0.129 Acres Lot
  • Feature: Built in 1971
  • Status: Active
  • MLS Number: 920f6bddea8e3732fe6f7f533e269c3c
  • Days on Market: 254
  • Listed By: Premiere Plus Realty Company · J Alex King
  • Zip Code: 33931
Listing information © 2026 Miami MLS. Information deemed reliable but not guaranteed. This listing is represented by TruDeals Realty at 0.5% seller commission. Buyer's agent commission is separate and negotiable.
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$1,999,0005440 Palmetto ST, FORT MYERS BEACH, FL
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