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Bayfront Remodeled Duplex

21500 - 21504 Indian Bayou Drive, Fort Myers Beach, FL 33931

For Sale
$2,790,000

ResidentialIncome, Fort Myers Beach, FL

Property Size6,101 SF
Lot Size0.58 Acres
Price / SF$457.30
Days on Market208

Property Features for 21500 - 21504 Indian Bayou Drive

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description RC
Bedrooms 6
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 4, Bathroom 4, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 6
Spa 1
Pets allowed Yes
Pool private 1
Exterior features SprinklerIrrigation, OutdoorShower
Subdivision INDIAN BAYOU SUBD
Lot features Oversized Lot, Cul De Sac, Sprinklers Automatic
Directions Estero Blvd southbound, make a left on Lanark Ave, which leads into Indian Bayou Dr. The house will be at the very end at the cul-de-sac.
Standard status Active
APN 33-46-24-W2-0120B.0000
Lot size 0.58 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description HERON WATCH CONDO DESC OR 2999 PG 2216 UNIT B
Tax Annual Amount 28977
Legal Description HERON WATCH CONDO DESC OR 2999 PG 2216 UNIT B

Utilities

Heating system Electric (Heating), Central
Cooling system Central Air, Ceiling Fan(s), Electric
Water front features Navigable Water
Water front 1

Amenities

pool
spa
balconies

Building Details

Year built 1997
Floors in Building 2
Number of units 2
Flooring type Tile, Vinyl
Building materials Block, Concrete, Stucco, WoodFrame
Roof type Metal
Architectural style Other
Buildings 1
Listing Agency: Realty One Group MVP
Listed By: Caprice Krumsick · License FL #252012642
Added: Apr 16 Changed: Nov 2 Last Checked: Nov 9 at 10:06PM
MLS# 2026017632

Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This Fort Myers Beach duplex contains approximately 6,101 square feet under air, divided between Unit A at 3,095 square feet and Unit B at 3,006 square feet. Constructed in 1997 on concrete pilings, the three-level configuration includes two residences with upper-level bay views, multiple balconies, open living areas, kitchens, dining spaces, bedrooms, and garage areas capable of accommodating multiple vehicles. Existing interior connections on each level allow the units to function together. Recent improvements include a metal roof, updated air-conditioning systems, vinyl flooring, impact sliding doors, resurfaced pool and spa finishes, and new pool equipment. The property is offered furnished, excluding personal items and select artwork.

Set on 0.58 acres at 21500 - 21504 Indian Bayou Drive, the property fronts navigable water and provides direct boating access, with the beach within walking distance. A mangrove trimming permit is in place, and the site includes three separate parcel IDs according to county records. The dock was damaged by Hurricane Ian and requires replacement. The elevator shaft is currently non-operational, and the property is offered as-is.

Key Highlights

  • Approximately 6,101 SF under air across two units: 3,095 SF and 3,006 SF
  • 0.58‑acre bayfront property with navigable water and direct boating access
  • Three‑level duplex built in 1997 on concrete pilings

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

134
Businesses Nearby

Demographics for 33931, FL

9,389
Population
14,561
Households
0.6
Avg Household Size
68
Median Age
37%
College-Educated
97%
High-School Grad
10.3 sq mi
ZIP Area
912
Density / Sq Mi
$80,438
Median Household Income
$38,723
Median Earnings
$1,500
Median Rent
$475,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Duplexes in Fort Myers Beach, FL

$817 Jul
$502 Aug
$498 Sep
$518 Oct

Properties on Market for Duplexes in Fort Myers Beach

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Remodeled two-unit property with navigable water access, private pool, and flexible rental configurations.
Where is this duplex located?
The property is located at 21500 - 21504 Indian Bayou Drive Fort Myers Beach, FL.
What is the asking price?
The asking price for this property is $2,790,000.
What are key features of this property?
This property features: Approximately 6,101 SF under air across two units: 3,095 SF and 3,006 SF; 0.58‑acre bayfront property with navigable water and direct boating access; Three‑level duplex built in 1997 on concrete pilings
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