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For sale
    • Price cut: $51K (8/6)
    $1,999,000

    5440 Palmetto ST, FORT MYERS BEACH, FL 33931

    6beds
    2,934sqft
    : 
    $12,236/mo
    Get pre-qualified
    Single Family Residence
    Built in 1971
    5,619 Square Feet Lot
    $-- Zestimate®
    $681/sqft
    $-- HOA

    What's special

    Private poolNew roofNew water heaterNew sidingSpacious single-family residenceExpansive outdoor areasTwo-level home
    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.
    167 days
    |
    165
    |
    6
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    J Alex King 239-849-3663,

    Premiere Plus Realty Company,

    Goran Denadija 239-383-2544,

    Premiere Plus Realty Company

    Source: SWFLMLS,MLS#: 226009291MLS LogoOriginating MLS: Bonita Springs

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 5
      • Full bathrooms: 5
      Rooms
      • Room types: Great Room, Guest Bath, Guest Room, 6 or More Beds
      Dining room
      • Features: Breakfast Bar, Dining - Living, Eat-in Kitchen
      Kitchen
      • Features: Pantry
      Heating
      • Central
      Cooling
      • Ceiling Fan(s), Central Air
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Refrigerator/Freezer, Washer
      • Laundry: Inside
      Features
      • Smoke Detectors, Great Room, Guest Bath, Guest Room, Laundry in Residence
      • Flooring: Tile
      • Windows: Impact Resistant Windows
      • Has fireplace: No
      Interior area
      • Total structure area: 2,934
      • Total interior livable area: 2,934 sqft

      Property

      Parking
      • Parking features: Driveway
      • Has uncovered spaces: Yes
      Features
      • Levels: Two
      • Stories: 1
      • Patio & porch: Patio
      • Exterior features: Storage
      • Has private pool: Yes
      • Pool features: In Ground, Electric Heat
      • Fencing: Fenced
      • Has view: Yes
      • View description: Landscaped Area, Partial Gulf
      • Has water view: Yes
      • Water view: Partial Gulf
      • Waterfront features: None
      Lot
      • Size: 5,619 Square Feet
      • Features: Regular
      Details
      • Additional structures: Storage
      • Parcel number: 334624W100204.0130
      • Zoning: TFC2

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Frame, Wood Siding
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 1971

      Utilities & green energy

      • Water: Central

      Community & HOA

      Community
      • Features: No Subdivision, Non-Gated
      • Security: Smoke Detector(s)
      • Subdivision: GULF HEIGHTS
      HOA
      • Has HOA: No
      • Amenities included: Barbecue, Beach Access, Internet Access
      Location
      • Region: Fort Myers Beach

      Financial & listing details

      • Price per square foot: $681/sqft
      • Tax assessed value: $855,677
      • Annual tax amount: $9,809
      • Date on market: 3/2/2026
      • Lease term: Buyer Finance/Cash

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/6/2026Price change$1,999,000-2.5%$681/sqft
        Source: SWFLMLS #226009291 Report a problem
        3/2/2026Listed for sale$2,050,000-6.8%$699/sqft
        Source: SWFLMLS #226009291 Report a problem
        12/31/2025Listing removed$2,200,000$750/sqft
        Source: SWFLMLS #225041747 Report a problem
        5/1/2025Listed for sale$2,200,000$750/sqft
        Source: SWFLMLS #225041747 Report a problem
        5/1/2025Listing removed$2,200,000$750/sqft
        Source: SWFLMLS #224076743 Report a problem
        9/18/2024Listed for sale$2,200,000-8.3%$750/sqft
        Source: SWFLMLS #224076743 Report a problem
        8/3/2024Listing removed$2,400,000$818/sqft
        Source: SWFLMLS #224045781 Report a problem
        6/4/2024Listed for sale$2,400,000+406.1%$818/sqft
        Source: SWFLMLS #224045781 Report a problem
        3/11/2016Sold$474,220$162/sqft
        Source: Florida Gulf Coast MLS #215056383 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$10,218 +27.4%$654,222 +13.8%
        2024$8,022 +67.5%$574,673 +76.8%
        2023$4,790 -49.6%$325,023 -38.2%
        2022$9,510 +23.2%$525,840 +10%
        2021$7,722 +9.3%$478,036 +10%
        2020$7,067 +5.8%$434,578 -4.7%
        2019$6,679 $456,243 +0.5%
        2018$6,679 +5.9%$454,071 +62%
        2017$6,308 +36.7%$280,209 +8.9%
        2016$4,614 +17.9%$257,282 -6.6%
        2015$3,916 -1%$275,396 +10.2%
        2014$3,957 +8.9%$249,802 +14%
        2013$3,635 +37.2%$219,209 +53.5%
        2012$2,649 -25.6%$142,774 -26.3%
        2011$3,563 -4.7%$193,741 -1.2%
        2010$3,740 -15.6%$196,123 -21.3%
        2009$4,433 -32.1%$249,200 -42%
        2007$6,528 +155.9%$429,550 -10.1%
        2006$2,551 -1.3%$477,820 +89.1%
        2004$2,585 -1.6%$252,710 -13.7%
        2003$2,628 +1.6%$292,730 +33.6%
        2002$2,587 $219,160 +68.3%
        2000-- $130,210
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        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.
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        Climate risks

        Neighborhood: 33931

        Getting around

        11 / 100
        Car-Dependent
        45 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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