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5440 Palmetto ST FORT MYERS BEACH, FL 339311 / 42

$2,050,000

5440 Palmetto ST

location_onFORT MYERS BEACH, FL 33931 · Lee County

6Beds5Baths2,934Sq Ft1971Built

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.

infoProperty Details

Property Type
Single Family Residence
Year Built
1971
Living Area
2,934 sqft
Lot Size
0.13 acres
Bedrooms
6
Bathrooms
5
Garage Spaces
0
Ownership
Single Family
Days on Market
24
List Date
Mar 1, 2026
Annual Taxes
$10K (2025)
HOA Fee
$0

chairInterior Features

Appliances

DishwasherDryerMicrowaveRangeRefrigeratorRefrigerator/FreezerWasher

Flooring

Tile

Cooling

Ceiling Fan(s)Central Electric

Heating

Central Electric

yardExterior & Lot

Construction

Wood FrameWood Siding

Roof

Metal

Parking

2+ SpacesDriveway Paved

Pool

In GroundElectric Heat

Waterfront

None

View

Landscaped AreaPartial Gulf

Listing Agent

JK

J Alex King

Premiere Plus Realty Company

personView profile

Listed By

Premiere Plus Realty Company

239-732-7837

mailContact J