7-Unit Short-Term Rental
588/590 Palermo Cir, Fort Myers Beach, FL 33931
For Sale
New
$3,799,000
Residential Income, FORT MYERS BEACH, FL
Property SizeContact for details
Lot Size0.27 Acres
Days on Market2
Property Features for 588/590 Palermo Cir
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Pool private
Exterior features
Subdivision
Lot features
Standard status
APN
Lot size
Tenancy & Operations
Currently Operating
Business Included
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Amenities
shared heated pool
lounge seating
outdoor dining
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Realty One Group MVP
(800) 896-8790
Listed By:
Dennis Wagaman · License FL #3433847
(239) 940-7749
Added: Nov 12
Last Checked: Nov 13 at 1:06AM
MLS# 226040294
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.
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Seven short-term rental units are arranged across four buildings on approximately 0.27 acres. The mix comprises three one-bedroom cottages and four two-bedroom rentals, totaling 11 bedrooms and 7 1/2 baths. Updates were completed between 2024 and 2026, with refreshed kitchens and kitchenettes, tile flooring, and coastal-style interiors. The property also has a private heated pool, courtyard, outdoor dining area, and private off-street parking.
At 584/586 and 588/590 Palermo Circle, the property is within walking distance of the beach, restaurants, shopping, nightlife, the pier area, The Whale, and Margaritaville. The property is zoned RS-1, and cable is available. The buildings date to 1937; construction materials include concrete block, wood frame, stucco, and wood siding.
At 584/586 and 588/590 Palermo Circle, the property is within walking distance of the beach, restaurants, shopping, nightlife, the pier area, The Whale, and Margaritaville. The property is zoned RS-1, and cable is available. The buildings date to 1937; construction materials include concrete block, wood frame, stucco, and wood siding.
Key Highlights
- Seven rental units across four buildings on approximately 0.27 acres
- Three one‑bedroom cottages and four two‑bedroom rentals; 11 bedrooms and 7 1/2 baths
- Remodeled between 2024 and 2026
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Lease Details
7
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
723
Businesses Nearby
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Business Placement
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
$475,100
Median Home Value
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Market
Average Price Trend$/SF for Short term rental properties in Fort Myers Beach, FL
Properties on Market for Short term rental properties in Fort Myers Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Four buildings contain an established vacation-rental operation with a shared heated pool and private off-street parking.
Where is this short term rental property located?
The property is located at 588/590 Palermo Cir Fort Myers Beach, FL.
What is the asking price?
The asking price for this property is $3,799,000.
What are key features of this property?
This property features: Seven rental units across four buildings on approximately 0.27 acres; Three one‑bedroom cottages and four two‑bedroom rentals; 11 bedrooms and 7 1/2 baths; Remodeled between 2024 and 2026
