About 5440 Palmetto St
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.
Features of 5440 Palmetto St
| MLS® # | 226009291 |
|---|---|
| Price | $1,999,000 |
| Bedrooms | 6 |
| Bathrooms | 5.00 |
| Full Baths | 5 |
| Square Footage | 2,934 |
| Acres | 0.13 |
| Floor Number | 1 |
| Year Built | 1971 |
| Type | Residential |
| Sub-Type | Single Family |
| Style | Two Story, Single Family |
| Status | Active |
Community Information
| Address | 5440 Palmetto St |
|---|---|
| Area | FB04 - Avenida Pescadora to S.Bd |
| Subdivision | GULF HEIGHTS |
| City | FORT MYERS BEACH |
| County | Lee |
| State | FL |
| Zip Code | 33931 |
| Community Type | No Subdivision, Non-Gated |
Amenities
| Amenities | Barbecue, Beach Access, Internet Access |
|---|---|
| Parking | Driveway Paved |
| View | Landscaped Area, Partial Gulf |
| Is Waterfront | No |
| Pets Allowed | No Approval Needed |
| Waterfront | None |
| Has Pool | Yes |
| Pool | Below Ground, Electric Heat |
| Elevator | None |
Interior
| Interior Features | Smoke Detectors |
|---|---|
| Appliances | Dishwasher, Dryer, Microwave, Range, Refrigerator, Refrigerator/Freezer, Washer |
| Heating | Central Electric |
| Cooling | Ceiling Fan(s), Central Electric |
| Fireplace | No |
Exterior
| Exterior | Wood Frame, Wood Siding |
|---|---|
| Exterior Features | Storage |
| Lot Description | Regular |
| Roof | Metal |
| Construction | Wood Frame, Wood Siding |
Additional Information
| Days on Market | 183 |
|---|---|
| Zoning | TFC2 |
| Foreclosure | No |
| Short Sale | No |
| Total Annual Recurring Fees | $0 |
| Total One Time Fees | $0 |
Listing Details
| Office | Premiere Plus Realty Company |
|---|