For Sale Duplex MLS# 2026035822

21697/699 Indian Bayou DR

FORT MYERS BEACH, FL 33931

$1,199,000

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About 21697/699 Indian Bayou DR

WEEKLY RENTAL DUPLEX! Rarely does a property offer this level of flexibility, income potential, and coastal lifestyle in one exceptional package. Known as "Blue Bayou," this elevated duplex offers a unique Fort Myers Beach opportunity as a private retreat, multi-generational getaway, or vacation rental investment, with weekly rentals permitted. The beach access point is an approximate 3-4 minute stroll away, a big draw for vacation renters, and the access has a roll-out accessibility mat. Each turnkey furnished residence is over 1,900 sq. feet, easily accommodating up to eight guests. The floor plans are identical. Each residence has a spacious primary suite and guest suite, both with en-suite baths. Each has a versatile loft for additional living or sleeping space. A connecting interior door allows the units to function together as one expansive family retreat (4 bedrooms & 4 baths) or independently as two separate rental accommodations. Bright coastal interiors showcase soaring ceilings, abundant windows, generous living and dining areas, and large covered decks ideal for outdoor dining, entertaining, and relaxing. Elevated construction provides covered under-building parking for 4 vehicles plus ample additional parking, and storage for beach gear. A local pool company has indicated there is room for a pool, subject to buyer verification, permitting, and due diligence. Recent improvements include a 2023 metal roof, complete re-plumbing in 2022, HVAC replacement in 2022, main electrical meter replacement in 2024, and an updated primary en-suite bath in one unit. Both units have an in-unit laundry room, tasteful furnishings, and turnkey vacation-rental appeal. Lush tropical landscaping and a tranquil estuary backdrop create a peaceful setting, while the property’s location bordering the Catholic church compound offers a quieter residential atmosphere, yet still close to the beach. A local vacation rental company projects potential combined annual income of more than $60,000. Their projection is attached; buyer should independently verify all rental, licensing, zoning, and income information. Blue Bayou is located 1 mile south of Publix and 1 mile north of the newly revitalized Santini Plaza, with numerous shops including The UPS Store, Ace Hardware, several restaurants, storage and a popular weekly in-season farmers market and craft fair, plus a CVS across the street from Santini. Blue Bayou offers a rare combination of lifestyle, flexibility, and investment potential in an exceptional Fort Myers Beach location.

Property details

Property

Type
Duplex
MLS type
Duplex
Status
Active
Year built
1990
Living area
3,848 sqft
Price / sqft
$312
Lot
0.412
Full baths
4
Original price
$1,199,000
MLS #
2026035822

Interior

Features
true, Ceiling Fan(s), Central Electric, Zoned, true, Central Electric, Carpet, Tile, Wood
Flooring
Carpet, Tile, Wood
Heating
true, Central Electric
Cooling
true, Ceiling Fan(s), Central Electric, Zoned

Exterior & lot

Features
Duplex, Storage
Construction
Wood Frame, Vinyl Siding, Pillar/Post/Pier, Metal
Roof
Metal
Foundation
Pillar/Post/Pier
Lot
TFC2, FLAMINGO LAKES PB 34 PG 53 LOT 10, 33-46-24-W2-02600.0100
Waterfront
Lake

Schools

District
Lee County School District

Utilities

Utilities
Central
Water
Central

Financial

Financial
Florida Gulf Coast
Annual tax
$16,960
Tax year
2025
Parcel
33-46-24-W2-02600.0100
Legal
FLAMINGO LAKES PB 34 PG 53 LOT 10

Location

Subdivision
FLAMINGO LAKES
Area
FLAMINGO LAKES
County
Lee
Community
Lee, Bike Storage, Boat Storage, Storage, Guest Room, Internet Access, Florida Gulf Coast

Location

Neighborhood
FLAMINGO LAKES
School district
Lee County School District

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Listed by Michael Koch, Royal Shell Real Estate, Inc.

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.