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Pending
  • Price cut: $99K (7/10)
    $400,000

    5000 Estero Blvd #202, Fort Myers Beach, FL 33931

    2beds
    742sqft
    : 
    $3,800/mo
    Get pre-qualified
    Condominium
    Built in 1976
    -- sqft lot
    $579,200 Zestimate®
    $539/sqft
    $1,167/mo HOA

    What's special

    Direct beach accessInviting coastal atmosphereGenerous bedroomsTropical settingPristine shorelineGentle sea breezesOpen-concept floor plan
    NOW OPEN AND READY TO GENERATE IMMEDIATE RENTAL INCOME! The rental policy has become even more "investor-friendly," now allowing a "4-day minimum" rental period from May through October and a 7-day minimum from November through April—creating increased booking flexibility, higher occupancy potential, and outstanding income-producing opportunities throughout the year. An incredibly rare opportunity exists to purchase two adjoining beachfront condominiums in the highly sought-after Pointe South community. Condo #202 (MLS# 225048667) and Condo #203 (MLS# 2025005080) are being offered separately, yet together provide a truly unique investment opportunity. Market both units to larger families, wedding parties, reunions, corporate groups, or multiple families traveling together who desire the convenience of staying side-by-side while enjoying the privacy of separate accommodations. With a combined 4 bedrooms, the income potential and marketing possibilities are exceptional. Wake each morning to breathtaking panoramic views of the Gulf of America from this beautifully maintained 2-bedroom, 1.5-bath beachfront condominium. The light-filled interior offers an inviting coastal atmosphere with an open-concept floor plan, a spacious kitchen, generous bedrooms, and abundant storage. Step onto your private Gulf-front lanai, protected by newer 2024 electric hurricane shutters, and enjoy spectacular sunsets, gentle sea breezes, and the soothing sound of waves rolling onto the sugar-white sand. Pointe South continues to be one of the area's most desirable vacation destinations thanks to its direct beach access, tropical setting, and unbeatable location. Guests return year after year to enjoy the pristine shoreline, turquoise waters, and proximity to Publix, marinas, restaurants, shopping, entertainment, and all that Fort Myers Beach has to offer. Whether you're searching for a personal beachfront escape, a proven vacation rental, or both, this property checks every box. With the building fully operational, a significantly enhanced rental policy designed to maximize occupancy, and the rare opportunity to own one or both adjoining condominiums, this is an exceptional beachfront investment with tremendous rental income potential and long-term value.
    441 days
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    319
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    27
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    Zillow last checked:

    Listing updated:

    Listed by:

    Andrew Cochrane 239-297-3500,

    Royal Shell Real Estate, Inc.

    Source: Florida Gulf Coast MLS,MLS#: 225048667MLS LogoOriginating MLS: Florida Gulf Coast

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 1
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Screened Porch
      Heating
      • Central, Electric
      Cooling
      • Ceiling Fan(s)
      Appliances
      • Included: Dishwasher, Ice Maker, Microwave, Range, Refrigerator, RefrigeratorWithIce Maker
      • Laundry: Common Area
      Features
      • Breakfast Bar, Living/Dining Room, Shower Only, Separate Shower, Window Treatments, High Speed Internet, Split Bedrooms, Screened Porch
      • Flooring: Carpet, Tile
      • Windows: Single Hung, Sliding, Window Coverings
      • Furnished: Yes
      Interior area
      • Total structure area: 742
      • Total interior livable area: 742 sqft

      Property

      Parking
      • Parking features: Common, Driveway, Guest, Paved
      • Has uncovered spaces: Yes
      Features
      • Patio & porch: Lanai, Porch, Screened
      • Exterior features: Storage, Shutters Electric
      • Pool features: Community
      • Has view: Yes
      • View description: Bay, Gulf, Landscaped, Partial
      • Has water view: Yes
      • Water view: Bay,Gulf
      • Waterfront features: Gulf
      Lot
      • Size: 5,967 Square Feet
      • Dimensions: 140 x 43 x 140 x 43
      • Features: Rectangular Lot
      Details
      • Parcel number: 284624W402000.2020
      • Lease amount: $0

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: Traditional,Mid Rise
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Materials
      • Block, Concrete, Stucco
      • Foundation: Pillar/Post/Pier, Raised
      • Roof: Metal
      Condition
      • Resale
      • Year built: 1976

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available, High Speed Internet Available

      Community & HOA

      Community
      • Features: Elevator, Non-Gated
      • Security: Smoke Detector(s)
      • Condo and coop fee: $3,500 quarterly
      • Membership fee: $0
      • Subdivision: POINTE SOUTH CONDO
      HOA
      • Has HOA: Yes
      • Amenities included: Beach Rights, Beach Access, Bike Storage, Clubhouse, Laundry, Barbecue, Picnic Area, Pool, Shuffleboard Court, Storage
      • Services included: Association Management, Cable TV, Internet, Laundry, Legal/Accounting, Maintenance Grounds, Maintenance Structure, Pest Control, Recreation Facilities, Reserve Fund, Sewer, Trash, Water
      • HOA phone: 239-789-6177
      Location
      • Region: Fort Myers Beach

      Financial & listing details

      • Price per square foot: $539/sqft
      • Tax assessed value: $209,684
      • Annual tax amount: $2,827
      • Date on market: 5/21/2025
      • Cumulative days on market: 442 days
      • Listing terms: All Financing Considered,Cash
      • Ownership: Condo
      • Road surface type: Paved

        Estimated market value

        $579,200

        $510,000 - $654,000

        $2,264/mo

        Price history

        DateEventPrice
        7/11/2026Pending sale$400,000$539/sqft
        Source: Florida Gulf Coast MLS #225048667 Report a problem
        7/10/2026Price change$400,000-19.8%$539/sqft
        Source: Florida Gulf Coast MLS #225048667 Report a problem
        2/25/2026Price change$499,000-9.3%$673/sqft
        Source: Florida Gulf Coast MLS #225048667 Report a problem
        11/24/2025Price change$549,900-4.3%$741/sqft
        Source: Florida Gulf Coast MLS #225048667 Report a problem
        11/12/2025Price change$574,900-4%$775/sqft
        Source: Florida Gulf Coast MLS #225048667 Report a problem
        10/14/2025Price change$599,000-7.7%$807/sqft
        Source: Florida Gulf Coast MLS #225048667 Report a problem
        7/29/2025Price change$649,000-7.2%$875/sqft
        Source: Florida Gulf Coast MLS #225048667 Report a problem
        6/27/2025Listed for sale$699,000$942/sqft
        Source: SWFLMLS #225048667 Report a problem
        6/26/2025Pending sale$699,000$942/sqft
        Source: SWFLMLS #225048667 Report a problem
        5/21/2025Listed for sale$699,000+3.6%$942/sqft
        Source: SWFLMLS #225048667 Report a problem
        3/30/2023Sold$675,000-3.4%$910/sqft
        Source: Public Record Report a problem
        2/20/2023Pending sale$699,000$942/sqft
        Source: SWFLMLS #223011287 Report a problem
        2/12/2023Listed for sale$699,000-9.2%$942/sqft
        Source: SWFLMLS #223011287 Report a problem
        4/21/2022Listing removed--
        Source: Owner Report a problem
        3/8/2022Price change$769,900-0.6%$1,038/sqft
        Source: Owner Report a problem
        2/21/2022Price change$774,900-3.1%$1,044/sqft
        Source: Owner Report a problem
        1/30/2022Listed for sale$799,900$1,078/sqft
        Source: Owner Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,835 +0.3%$209,684
        2024$2,828 +24.4%$209,684 +28.3%
        2023$2,273 -65.6%$163,424 -62.9%
        2022$6,609 +14.2%$440,901 +10%
        2021$5,788 -1.2%$400,819 +1.3%
        2020$5,860 -5.3%$395,675 -4.7%
        2019$6,190 $415,055
        2018$6,190 +1.3%$415,055 -4.1%
        2017$6,112 -6.1%$432,820 +6.3%
        2016$6,510 +4.5%$407,087 -2.5%
        2015$6,228 -2.3%$417,375 +14.8%
        2014$6,373 +10.9%$363,500 +6.6%
        2013$5,747 +6.8%$340,973 -1.9%
        2012$5,380 +0.1%$347,400 -4.6%
        2011$5,375 +19.1%$364,000 +38%
        2010$4,512 -15.4%$263,800 -19.9%
        2009$5,333 -4.2%$329,160 -11%
        2008$5,567 -27.1%$370,000 -27.5%
        2007$7,632 +28.2%$510,000 +37.8%
        2006$5,952 -4.7%$370,000 +7.2%
        2004$6,246 +15.5%$345,000 +19%
        2003$5,407 +13.5%$290,000 +16%
        2002$4,762 $250,000 +25%
        2000-- $200,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 33931

        Getting around

        14 / 100
        Car-Dependent
        45 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: LEE COUNTY PUBLIC
        • Middle: LEE COUNTY PUBLIC
        • High: LEE COUNTY PUBLIC

        Source: Florida Gulf Coast MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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