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Legal Duplex with Pool-Ready Backyard
For Sale
$949,000

5370 / 5372 Palmetto St lot 8, Fort Myers Beach, FL 33931

MULTI_FAMILY - FORT MYERS BEACH, FL

Property SizeContact for details
Lot Size0.13 Acres
Days on Market68

Property Features for 5370 / 5372 Palmetto St lot 8

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning RC
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2
Pets allowed No
Exterior features Outdoor Shower, Room for Pool
Subdivision GULF HEIGHTS
Lot features Regular
Standard status Active
APN 33-46-24-W1-00203.0080
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description GULF HEIGHTS BLK 3 PB 6 PG 39 LOT 8
Tax Annual Amount 8603
Legal Description GULF HEIGHTS BLK 3 PB 6 PG 39 LOT 8

Utilities

Utilities Cable Available
Heating system Electric (Heating), Central
Cooling system Electric, Ceiling Fan(s), Central Air

Building Details

Year built 1958
Number of units 2
Flooring type Tile
Building materials Wood Frame, Wood Siding
Roof type Shingle
Listing Agency: Premiere Plus Realty Company
Listed By: J Alex King · License #3251534
Added: Jun 1 Changed: Aug 5 Last Checked: Aug 7 at 4:06AM
MLS# 226022906

Copyright © 2026 Coconut Coast Organization of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

A legal duplex at 5370/5372 Palmetto St offers two rental units on a 0.129-acre lot. The lower-level 1-bedroom, 1-bath unit has been completely remodeled and is currently leased annually. The upper-level unit features 2 bedrooms, 1 bath, spacious living, and a screened front lanai.

The property is zoned RC for weekly rentals and includes outdoor amenities such as an outdoor shower and room for a future pool. It is described as just across the street from a public beach access and located south of Publix for convenient shopping.

Built in 1958 with wood-frame construction and shingle roofing, the duplex has tile flooring and central electric systems for heating and cooling, with ceiling fans. Cable is available.

Key Highlights

  • RC zoning for weekly rentals for this legal duplex at 5370/5372 Palmetto St
  • 0.129‑acre lot with an outdoor shower and room for a future pool
  • Lower‑level 1‑bedroom, 1‑bath unit is completely remodeled and leased annually

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Legal duplex in RC zoning with a remodeled, annually leased lower unit and an upstairs screened front lanai.
Where is this duplex located?
The property is located at 5370 / 5372 Palmetto St lot 8 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: RC zoning for weekly rentals for this legal duplex at 5370/5372 Palmetto St; 0.129‑acre lot with an outdoor shower and room for a future pool; Lower‑level 1‑bedroom, 1‑bath unit is completely remodeled and leased annually
More about this property
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