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Waterfront Duplex
New
For Sale
$970,000

21691/693 Indian Bayou Drive, Fort Myers Beach, FL 33931

Two independent residences offer matching two-bedroom layouts with kitchens and living areas.

Property SizeContact for details
Days on Market5

Property Features for 21691/693 Indian Bayou Drive

General Information

Standard status Active
Property subtype Multi-family

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Amenities

waterfront

Building Details

Year Built 1984
Buildings 1
Listing Agency: Sun Palace Realty
Listed By: Michael Drake
Source: Johnrwood
Added: Aug 6 Changed: Aug 10 Last Checked: Aug 10 at 5:10AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sun Palace Realty

Investment Insights

Based on property information with market context.

This waterfront duplex, built in 1984, contains two separate residences. Each unit includes two bedrooms, one bathroom, a kitchen, and living space, creating a consistent two-unit configuration for residential use or rental operations.

The property is located at 21691/693 Indian Bayou Drive in Fort Myers Beach, within the Flamingo Lakes neighborhood and the Indian Bayou community. Weekly rentals are supported by the stated zoning, and the property is positioned minutes from restaurants, shopping, and entertainment.

Key Highlights

  • Waterfront duplex with two separate units
  • Each residence includes 2 bedrooms, 1 bathroom, a kitchen, and living space
  • Built in 1984

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Auto Repair Shop Spa & Massage Center Auto Parts Store Plumbing Service Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

191
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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two independent residences offer matching two-bedroom layouts with kitchens and living areas.
Where is this duplex located?
The property is located at 21691/693 Indian Bayou Drive Fort Myers Beach, FL.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: Waterfront duplex with two separate units; Each residence includes 2 bedrooms, 1 bathroom, a kitchen, and living space; Built in 1984
More about this property
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