Home > Gulf Heights > 5440 Palmetto St, Fort Myers Beach, FL 33931

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5440 Palmetto St, Fort Myers Beach, FL 33931 - 6 Bedroom Pool Home in Gulf Heights

$1,999,000

MLS Number

226009291

Bedrooms

6 or More

Bathrooms

5 Baths

Living Area

2,934 sq ft

Total Area

2,934 sq ft

Garage Spaces

Year Built

1971

Days on Market

162

Property Description

Discover the perfect blend of coastal living and exceptional income potential with this beautifully updated 6-bedroom, 5-bath beachside retreat featuring direct beach access to the Gulf shoreline.

Zoned for WEEKLY RENTALS, this versatile two-level home offers outstanding flexibility. Use it as a spacious single-family residence or operate it as a duplex with two fully functional living spaces—ideal for maximizing rental income, accommodating extended family, or enjoying as your private beach getaway.

Recently remodeled and refreshed throughout, the property includes a NEW roof, NEW water heater, NEW siding, and NEW pool equipment, providing modern comfort and peace of mind. The private pool and expansive outdoor areas create the perfect setting for relaxation, entertaining, and embracing the coastal lifestyle.

Currently managed by a local rental company, the home offers a projected gross annual rental revenue of $202,238, making it a compelling investment opportunity.

With direct beach access, a flexible layout, and strong income potential, this coastal retreat delivers the ultimate combination of lifestyle, convenience, and financial return—perfect for hosting unforgettable family gatherings or welcoming vacationing guests year-round.

The Basics

Property Type Single Family

Gulf Access No

Private Pool Yes

Private Spa No

Acres 0.129

Furnished Turnkey

Last Modified 4 days ago

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Financials & HOA Fees

Foreclosure No

Auction No

Short Sale No

Mandatory HOA No

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Building Features

Building Style 2 Story

Construction Materials Wood Frame, Wood Siding

Cooling Ceiling Fan(s), Central Electric

Elevator None

Floor Plan Great Room, Split Bedrooms, 2 Story

Floors 1

Patio and Porch Patio

Other Structures Storage

Rear Exposure Southeast

Roof Metal

Security Features Smoke Detector(s)

Storm Protection Impact Resistant Windows

View Landscaped Area, Partial Gulf

Water Source Central

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Interior Features

Appliances & Equipment Dishwasher, Dryer, Microwave, Range, Refrigerator, Refrigerator/Freezer, Washer

Interior Features Smoke Detectors

Additional Rooms Great Room, Guest Bath, Guest Room, Laundry in Residence

Kitchen Features Pantry

Flooring Tile

Gas No

Laundry Laundry in Residence

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Neighborhood and Community

Pets Allowed Yes

Amenities Barbecue, Beach Access, Internet Access

Neighborhood Gulf Heights

Neighborhood Type No Subdivision, Non-Gated

Included in Fees None

HOA Restrictions None

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Leasing Rules

Lease Limits Yes

Leases Per Year 52

Minimum Days of Lease 7

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Additional Images

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Chris Farrugia, M.B.A.

Realtor® at The Listing Naples Group

📞 (239) 248-8171
📧 chris@listingnaples.com

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The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations. Copyright 2026 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.

Listing provided by Premiere Plus Realty Company.