Zoned for weekly rentals, this legal duplex on Palmetto Street offers prime investment potential. The lower-level 1-bedroom, 1-bath unit has been completely remodeled and is currently leased annually, providing steady income. The upper-level 2-bedroom, 1-bath unit features spacious living and a screened front lanai. The backyard, with western exposure, offers ample space for a future pool (with quotes starting around $50,000). Plus, it’s just across the street from a beautiful public beach access and conveniently located south of Publix for easy shopping. Don’t miss this perfect blend of lifestyle and investment!
For sale
Price cut: $40K (8/5)
$949,000
5370 / 5372 Palmetto ST, FORT MYERS BEACH, FL 33931
3beds
1,804sqft
Duplex
Built in 1958
-- sqft lot
$-- Zestimate®
$526/sqft
$-- HOA
What's special
Screened front lanai
- 68 days |
- 142 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
J Alex King 239-849-3663,
Premiere Plus Realty Company,
Bettina Koss 239-682-1366,
Premiere Plus Realty Company
Source: SWFLMLS,MLS#: 226022906
Originating MLS: Bonita Springs
Originating MLS: Bonita SpringsFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central
Cooling
- Ceiling Fan(s), Central Air
Features
- Flooring: Tile
- Has fireplace: No
Interior area
- Total interior livable area: 1,804 sqft
Property
Features
- Exterior features: Outdoor Shower
- Waterfront features: None
Lot
- Size: 5,619 Square Feet
- Features: Regular
Details
- Parcel number: 334624W100203.0080
- Zoning: RC
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Frame, Wood Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1958
Utilities & green energy
- Water: Central
Community & HOA
Community
- Features: Non-Gated
- Subdivision: GULF HEIGHTS
HOA
- Amenities included: Beach Access
Location
- Region: Fort Myers Beach
Financial & listing details
- Price per square foot: $526/sqft
- Tax assessed value: $617,983
- Annual tax amount: $8,602
- Date on market: 6/16/2026
- Lease term: Buyer Finance/Cash
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/5/2026 | Price change | $949,000-4%$526/sqft |
Source:  SWFLMLS #226022906 Report a problem | ||
| 6/17/2026 | Listed for sale | $989,000$548/sqft |
Source: SWFLMLS #226022906 Report a problem | ||
| 9/22/2025 | Listing removed | $989,000$548/sqft |
Source:  Florida Gulf Coast MLS #225015327 Report a problem | ||
| 5/16/2025 | Price change | $989,000-1%$548/sqft |
Source: SWFLMLS #225015327 Report a problem | ||
| 2/10/2025 | Listed for sale | $999,000+14.6%$554/sqft |
Source: SWFLMLS #225015327 Report a problem | ||
| 12/14/2023 | Listing removed | -- |
Source: Owner Report a problem | ||
| 10/29/2023 | Listed for sale | $872,000$483/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,603 +14% | $567,086 +10% |
| 2024 | $7,547 +85.6% | $515,533 +105.5% |
| 2023 | $4,066 -36% | $250,918 -26.2% |
| 2022 | $6,351 +22% | $340,011 +10% |
| 2021 | $5,204 +9.5% | $309,101 +10% |
| 2020 | $4,751 +5.7% | $281,001 -5.9% |
| 2019 | $4,493 | $298,775 +1.4% |
| 2018 | $4,493 +6% | $294,734 +2% |
| 2017 | $4,237 +3.4% | $289,076 +2.9% |
| 2016 | $4,099 +4% | $280,913 +22.6% |
| 2015 | $3,939 +12.9% | $229,100 +12.4% |
| 2014 | $3,490 +9.9% | $203,907 +15.5% |
| 2013 | $3,176 +29.1% | $176,500 +34.6% |
| 2012 | $2,460 -15.1% | $131,088 -14.6% |
| 2011 | $2,899 -3.8% | $153,500 |
| 2010 | $3,014 -11.5% | $153,500 -17.3% |
| 2009 | $3,405 -41.1% | $185,540 -48.3% |
| 2007 | $5,784 -9.4% | $359,050 -3.2% |
| 2006 | $6,386 +66.7% | $370,980 +93.6% |
| 2004 | $3,832 -7.3% | $191,580 -4.1% |
| 2003 | $4,135 +39.2% | $199,820 +47.2% |
| 2002 | $2,970 | $135,780 +24.8% |
| 2000 | -- | $108,790 |
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.Climate risks
Neighborhood: 33931
Nearby schools
GreatSchools rating
- 7/10Fort Myers Beach Elementary SchoolGrades: PK-5Distance: 1.9 mi
- 4/10Lexington Middle SchoolGrades: 6-8Distance: 4.5 mi
- 4/10Estero High SchoolGrades: 9-12Distance: 7.4 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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