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Off market
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  • $1,061,500

    117 Palermo Cir, Fort Myers Beach, FL 33931

    5beds
    2,680sqft
    MultiFamily
    Built in 1952
    -- sqft lot
    $1,061,500 Zestimate®
    $396/sqft
    $9,999 Estimated rent

    Home value

    $1,061,500

    $924,000 - $1.22M

    $9,999/mo

    Zestimate® history
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    $7,044/mo

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    What's special

    Investors DREAM location Pier District location. HUGE cash flow Potential of $90-$115k per year. Stunning Contemporary 3 bed/2 bath Main upstairs interior. Two downstairs 1/1 bath units clean and fresh. Gorgeous Waterfront TRIPLEX on a Canal is located walking distance to Times Square, dozens of restaurants, bars, and 100 Yards to the BEACH!!. The Main 3 bedroom floor is STUNNING with it's Open concept island kitchen, and contemporary interior design. The 2 additional units are 1 bedrooms w/ Large footprint open Living rooms. FULLY FURNISHED. OFF STREET PARKING FOR 3 + Cars. Each has access to the rear Lanai direct to the Canal. All three units combined will generate Huge $$ on this weekly rental street. Zoned Commercial. This is a must see and wont last long!!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Forced air, Electric
    Cooling
    • Central, Wall
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Tile, Hardwood
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,680 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Off-street
    Features
    • Exterior features: Vinyl
    • Has view: Yes
    • View description: Water, City
    • Has water view: Yes
    • Water view: Water
    Lot
    • Size: 6,673 Square Feet
    Details
    • Parcel number: 194624W40060H0280

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1952

    Utilities & green energy

    • Sewer: Central

    Community & HOA

    Location
    • Region: Fort Myers Beach

    Financial & listing details

    • Price per square foot: $396/sqft
    • Tax assessed value: $501,332
    • Annual tax amount: $6,739
    • Tenant pays: See Remarks

    Price history

    DateEventPrice
    7/7/2021Sold$930,000+257.7%$347/sqft
    Source: Public Record Report a problem
    4/6/2009Sold$260,000-49.1%$97/sqft
    Source: Public Record Report a problem
    7/9/2008Sold$510,800$191/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,739 -26.9%$501,332 +3.1%
    2024$9,216 +50.9%$486,059 +10%
    2023$6,106 -55.4%$441,872 -59%
    2022$13,681 +20.9%$1,078,881
    2021$11,320 +12.7%--
    2020$10,046 +2.5%$634,694 +3%
    2019$9,804 $616,135 +23.5%
    2018$9,804 +29.9%$499,047 -17%
    2017$7,545 -10.2%$601,588 +5.1%
    2016$8,403 +5.3%$572,340 +26.1%
    2015$7,979 +14.7%$453,716 +10.8%
    2014$6,955 +9%$409,608 +11.2%
    2013$6,378 +24.2%$368,387 +24.2%
    2012$5,134 -7.5%$296,493 -5.6%
    2011$5,547 +6.1%$314,148 +0.7%
    2010$5,228 -24%$312,010 -22.1%
    2009$6,878 -16.4%$400,620 -23.3%
    2007$8,224 +1.4%$522,450 +9.2%
    2006$8,111 +15.2%$478,560 +29.5%
    2004$7,042 +17.2%$369,430 +22.9%
    2003$6,008 +43.3%$300,610 +50.1%
    2002$4,194 $200,270 +31.2%
    2000-- $152,690
    Find assessor info on the county website

    Neighborhood: 33931

    Nearby schools

    GreatSchools rating
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    $1,061,500
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    +$21,230
    With Zillow Showcase(estimated)
    $1,082,730