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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 Home Matchmaking Realty 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

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