6 Beds
5 Baths
2,934 sqft
$1,999,000
5440 Palmetto ST, Fort Myers Beach FL, 33931
Price per sqft$681.32
Built in1971
Property size2,934 sqft
Property typeResidential
Overview
Active
Listed Mar 2, 2026
Updated Aug 14
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.
$13,299/mo
Est. mortgage payment based on a $1,999,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 226009291
Interior Features
- Bedrooms
- 6
- Bathrooms
- 5
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.13 Acres
Other Property Details
- Taxes
- $9,809
- Tax Frequency
- Annually
- Secondary Association Fee
- Not Listed
- View
- Yes
- Pets Allowed
- Yes
- Furnished
- Yes
- Pool
- Yes
- 55+/Senior Community
- No
Listed by J Alex King, Premiere Plus Realty Company
Listing Contact: (239) 849-3663
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor David Burnham shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 3:46 AM UTC, 8/14/2026