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    166-168 Coconut Dr Fort Myers Beach, FL 33931

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    For Sale
    $515,000

    Investment opportunity: duplex near the beach in monthly rental zone.

    Lot size:
    0.10 Acres

    Property Features for 166-168 Coconut Dr

    General Information

    Lot size
    0.10 Acres

    Building Details

    Year built
    1958
    Source: Elliman

    Listing Agent: John Sorenson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Duplex Near Beach Access

    This property features a 2-bedroom, 1-bathroom unit upstairs and a 1-bedroom, 1-bathroom unit downstairs. Zoned for multi-family use and located in a monthly rental zone, this property presents an investment opportunity near the beach. Situated steps from the pier with beach access nearby, this property is suited for beach enthusiasts. The home requires extensive renovation, making it ideal for customization or redevelopment.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Gym & Fitness Skin Care Clinic Auto Repair Shop Kitchen & Bath Wholesale Shop Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers Beach
    County
    Lee
    State
    Florida
    Longitude
    -81.9226748
    Latitude
    26.4405086

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    FAQs

    What type of property is this?
    Duplex - Investment opportunity: duplex near the beach in monthly rental zone.
    Where is this duplex located?
    The property is located at 166-168 Coconut Dr Fort Myers Beach, FL.
    What is the asking price?
    The asking price for this property is $515,000.
    What are key features of this property?
    This property features: - Prime investment opportunity due to multi-family zoning.; - Located in a monthly rental zone.; - Legal downstairs 1/1 apartment.
    (239) 898-9515
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    166-168 Coconut Dr Fort Myers Beach, FL 33931
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