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Duplex Across From Beach Access
For Sale
$949,000

5370 / 5372 Palmetto St, Fort Myers Beach, FL 33931

Legal two-unit property with one remodeled residence and a second unit featuring a screened lanai.

Property Size1,804 SF
Days on Market71

Property Features for 5370 / 5372 Palmetto St

General Information

Standard status Active
Size 1,804 SF
Property subtype Residential Income
Zoning RC

Units

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

Taxes and HOA fees

Annual Taxes $8,602

Building Details

Building Size 1,804 SF
Year Built 1958
Buildings 1
Units 2
Listing Agency: Premiere Plus Realty Company
Listed By: J Alex King · License #3251534
Source: Bartleyrealty
Added: Jun 1 Changed: Aug 7 Last Checked: Aug 9 at 12:41PM

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 Premiere Plus Realty Company

Investment Insights

Based on property information with market context.

Built in 1958, this legal duplex contains two separate residences. The lower unit includes 1 bedroom and 1 bathroom, has been completely remodeled, and is leased annually. Upstairs, the 2-bedroom, 1-bath unit provides a larger layout with a screened front lanai.

The property is zoned RC and approved for weekly rentals. Its backyard faces west and provides space for a potential pool. Public beach access is directly across the street, while Publix is located to the north, adding convenient access to everyday shopping and coastal recreation.

Key Highlights

  • Legal duplex zoned RC for weekly rentals
  • Lower unit: 1‑bedroom, 1‑bath, completely remodeled, and leased annually
  • Upper unit: 2‑bedroom, 1‑bath with screened front lanai

Property Analytics

Current Use

Palm Garden Cottage Hotel & Motel

Suggested Use

Top Pick Parking Lot & Garage Law Firm Auto Repair Shop Auto Parts Store Garden Center Building Supply

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

225
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Legal two-unit property with one remodeled residence and a second unit featuring a screened lanai.
Where is this duplex located?
The property is located at 5370 / 5372 Palmetto St Fort Myers Beach, FL.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Legal duplex zoned RC for weekly rentals; Lower unit: 1‑bedroom, 1‑bath, completely remodeled, and leased annually; Upper unit: 2‑bedroom, 1‑bath with screened front lanai
More about this property
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