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Duplex with Screened Lanai
For Sale
$949,000

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

The two-unit property combines an annually leased lower residence with an upper unit featuring a screened outdoor area.

Property Size1,804 SF
Days on Market103

Property Features for 5370 / 5372 Palmetto ST

General Information

Standard status Active
Size 1,804 SF
Property subtype Duplex

Units

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

Additional Details

Road Access Yes

Taxes and HOA fees

Annual Taxes $8,602

Building Details

Building Size 1,804 SF
Year Built 1958
Buildings 1
Listing Agency: Premiere Plus Realty Company
Listed By: J Alex King · License #3251534
Source: Kwelevate
Added: Jun 16 Changed: Sep 24 Last Checked: Sep 26 at 1:11PM

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 has a 1-bedroom, 1-bath lower unit and a 2-bedroom, 1-bath upper unit. The lower residence has been remodeled and is leased on an annual basis. A screened front lanai serves the upper unit, and the backyard has western exposure. The property is described as zoned for weekly rentals.

Public beach access is across the street, and Publix is located to the north.

Key Highlights

  • Legal duplex with 1‑bedroom, 1‑bath and 2‑bedroom, 1‑bath units
  • Remodeled lower unit currently leased annually
  • Upper unit includes a 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
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

236
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
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Frequently Asked Questions

What type of property is this?
Duplex - The two-unit property combines an annually leased lower residence with an upper unit featuring a screened outdoor area.
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 with 1‑bedroom, 1‑bath and 2‑bedroom, 1‑bath units; Remodeled lower unit currently leased annually; Upper unit includes a screened front lanai
More about this property
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