For Sale House MLS# 226009291

5440 Palmetto ST

FORT MYERS BEACH, FL 33931

$1,999,000

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About 5440 Palmetto ST

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.

Property details

Property

Type
Single Family Residence
MLS type
Single Family Home
Status
Active
Year built
1971
Stories
1
Living area
2,934 sqft
Price / sqft
$681
Lot
0.129
Full baths
5
Furnished
Turnkey
Original price
$2,050,000
MLS #
226009291

Interior

Features
true, Ceiling Fan(s), Central Electric, Breakfast Bar, Dining - Living, Eat-in Kitchen, Smoke Detectors, true, Central Electric, Pantry, Laundry in Residence, Tile, Dishwasher, Dryer, Microwave, Range, Refrigerator, Refrigerator/Freezer, Washer
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Refrigerator/Freezer, Washer
Flooring
Tile
Heating
true, Central Electric
Cooling
true, Ceiling Fan(s), Central Electric
Laundry
Laundry in Residence

Exterior & lot

Features
Below Ground, Electric Heat, Two Story, Single Family, Storage, Driveway Paved, Parking spaces: 0
Construction
Wood Frame, Wood Siding, 1, Metal
Roof
Metal
Lot
Landscaped Area, Partial Gulf, View, TFC2, GULF HEIGHTS BLK 4 PB 6 PG 39 LOT 13, 33-46-24-W1-00204.0130, Fenced
Fence
Fenced
View
Landscaped Area, Partial Gulf
Pool
Below Ground, Electric Heat
Parking
Driveway Paved

Schools

District
Lee County School District

Utilities

Utilities
Central
Water
Central
Security
Smoke Detector(s)

Financial

Financial
Bonita Springs
Annual tax
$9,809
Tax year
2025
Parcel
33-46-24-W1-00204.0130
Legal
GULF HEIGHTS BLK 4 PB 6 PG 39 LOT 13

Location

Subdivision
GULF HEIGHTS
Area
GULF HEIGHTS
County
Lee
Neighborhood
Gulf Heights
Community
Lee, Barbecue, Beach Access, Internet Access, 0.0, Bonita Springs

Location

Neighborhood
Gulf Heights
Subdivision
GULF HEIGHTS
School district
Lee County School District

Ask about this property

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Listed by J Alex King, Premiere Plus Realty Company

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.