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  • $642,200

    5420 Palmetto St, Fort Myers Beach, FL 33931

    2beds
    --sqft
    MultiFamily
    Built in 1971
    -- sqft lot
    $642,200 Zestimate®
    $--/sqft
    $2,385 Estimated rent

    Home value

    $642,200

    $572,000 - $726,000

    $2,385/mo

    Zestimate® history
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    Owner options

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    $2,385/mo

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    $2,385/mo

    Rent Zestimate®

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    $4,182/mo

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    $4,182/mo

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    What's special

    **PRICE REDUCED TO BELOW APPRAISAL** Owner says bring a reasonable offer and let's make a deal now. Fantastic opportunity to own your own slice of paradise. This duplex income property is located on the highly desirable south end of Fort Myers Beach, just 2 blocks from the white sands of the Gulf of Mexico. Live or vacation in one side and rent the other or enjoy a great ROI by renting the entire building. With some cosmetic upgrades you should be able to rent on an annual basis for between $1200-$1400 per month. A vacation Proforma is also attached showing $28,600 in short term rental income in current condition. The property features 2 large decks, an oversized lot, separate electric meter, ground floor studio, legal non-conforming overflow unit for extra space when friends and family come and visit your rarely available Gulf getaway. Includes a shared washer/dryer in exterior laundry room, large back yard for entertaining guests with ample room for your own custom pool. The front yard features generous space to park your boat and any and all vehicles. All this with NO HOA dues. Priced to sell TODAY!

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Cooling
    • Wall
    Features
    • Flooring: Linoleum / Vinyl

    Property

    Features
    • Exterior features: Wood
    Lot
    • Size: 8,437 Square Feet
    Details
    • Parcel number: 334624W1002030020

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1971

    Utilities & green energy

    • Sewer: Central

    Community & HOA

    Location
    • Region: Fort Myers Beach

    Financial & listing details

    • Tax assessed value: $519,201
    • Annual tax amount: $6,670
    • Tenant pays: Full Electric, Sewer, Water

    Price history

    DateEventPrice
    2/18/2022Sold$679,000+438.9%
    Source: Public Record Report a problem
    5/5/1999Sold$126,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,670 -3.5%$481,635 +10%
    2024$6,913 +25.8%$437,850 +10%
    2023$5,496 +100.7%$398,045 +165.6%
    2022$2,738 +22.3%$149,876 +4.5%
    2021$2,239 +7.4%$143,402 +3.1%
    2020$2,086 +2.6%$139,030 -48.9%
    2019$2,032 $272,128 +91.1%
    2018$2,032 +0.3%$142,368 -8.5%
    2017$2,026 -3.4%$155,600 -40.4%
    2016$2,097 +2%$260,860 +22.2%
    2015$2,056 +9.7%$213,501 +13.2%
    2014$1,875 +3.2%$188,598 +15.8%
    2013$1,817 +6.3%$162,898 +11.2%
    2012$1,710 -0.6%$146,435 -0.2%
    2011$1,720 -11.1%$146,733 -13%
    2010$1,935 +11.3%$168,617 +3%
    2009$1,739 +22.8%$163,720 -45.8%
    2007$1,416 -18.5%$301,900 +21.9%
    2006$1,738 -8.9%$247,760 +37.9%
    2004$1,907 -2.8%$179,610 +10.8%
    2003$1,962 +2%$162,170 +55.5%
    2002$1,923 $104,260 +20%
    2000-- $86,900
    Find assessor info on the county website

    Neighborhood: 33931

    Nearby schools

    GreatSchools rating
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    Sell for more on Zillow
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    $642,200
    2% more
    +$12,844
    With Zillow Showcase(estimated)
    $655,044