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Duplex with Screened Lanai
For Sale
$949,000

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

Residential Income, FORT MYERS BEACH, FL

Property SizeContact for details
Lot Size0.13 Acres
Days on Market116

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 Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 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 Central, Electric (Heating)
Cooling system Ceiling Fan(s), Central Air, Electric

Amenities

screened front lanai

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: Sep 22 Last Checked: Sep 24 at 2:06PM
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.

This legal duplex includes two distinct residential units. The lower-level residence offers one bedroom and one bathroom, with a complete remodel and an annual lease in place. Upstairs, the two-bedroom, one-bath unit includes a screened front lanai. Tile flooring, central air, ceiling fans, electric heating, a shingle roof, and wood-frame construction are among the property features. An outdoor shower is also included.

The 0.129-acre property is located at 5370 / 5372 Palmetto St in Fort Myers Beach, across the street from public beach access and south of Publix. Western exposure extends across the backyard, which includes room for a future pool. The property is zoned RC and is identified for weekly rentals. Built in 1958, the duplex also has cable availability and central electric cooling.

Key Highlights

  • Legal duplex with 1‑bedroom and 2‑bedroom units
  • Lower‑level unit remodeled and leased annually
  • Upper unit includes a screened front lanai

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 property is zoned RC for weekly rentals, and one unit is leased annually.
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: Legal duplex with 1‑bedroom and 2‑bedroom units; Lower‑level unit remodeled and leased annually; Upper unit includes a screened front lanai
More about this property
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