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Duplex with Screened Lanai
For Sale
$989,000

5372 Palmetto St 5370, Fort Myers Beach, FL 33931

Legal duplex with a remodeled lower residence, annual tenancy, and direct proximity to public beach access.

Property Size1,804 SF
Price / SF$548.23
Days on Market83

Property Features for 5372 Palmetto St 5370

General Information

Standard status Active
Size 1,804 SF
Property subtype Multi-Family

Units

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

Building Details

Year Built 1958
Buildings 1
Listing Agency: Premiere Plus Realty Company
Listed By: J Alex King · License #3251534
Source: Swflhousesforsale
Added: Jun 11 Changed: Aug 30 Last Checked: Aug 31 at 5:45PM

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.

This legal duplex contains 1,804 square feet and was built in 1958. The lower residence offers one bedroom and one bathroom following a complete remodel, while the upper residence includes two bedrooms, one bathroom, generous living space, and a screened front lanai. The property is zoned for weekly rentals, and the lower unit is currently leased on an annual basis.

Located at 5372 Palmetto St and 5370 Palmetto St in Fort Myers Beach, the duplex sits across from public beach access. The backyard has western exposure and space identified for a future pool. Publix is located to the north, providing nearby shopping access.

Key Highlights

  • Legal duplex with 1,804 square feet, built in 1958
  • Zoned for weekly rentals
  • Lower 1‑bedroom, 1‑bath unit completely remodeled and leased annually

Property Analytics

Current Use

Duplexes

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

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 with a remodeled lower residence, annual tenancy, and direct proximity to public beach access.
Where is this duplex located?
The property is located at 5372 Palmetto St 5370 Fort Myers Beach, FL.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: Legal duplex with 1,804 square feet, built in 1958; Zoned for weekly rentals; Lower 1‑bedroom, 1‑bath unit completely remodeled and leased annually
More about this property
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