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Duplex with Screened Lanai

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

For Sale
$949,000

Residential Income, FORT MYERS BEACH, FL

Property SizeContact for details
Lot Size0.13 Acres
Days on Market162

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 2, Bedroom 3, Bathroom 1, Bedroom 1, 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

Additional Details

Tenant in Place Yes

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

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 FL #3251534
Added: Jun 1 Changed: Oct 26 Last Checked: Nov 9 at 7:06PM
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.

Rey
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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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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
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Market

Average Price Trend$/SF for Duplexes in Fort Myers Beach, FL

$817 Jul
$502 Aug
$498 Sep
$518 Oct

Properties on Market for Duplexes in Fort Myers Beach

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

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
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