#225059002, J Alex King, Listing office: Premiere Plus Realty Company
$2,200,000 List price
5440 Palmetto St Fort Myers Beach, FL 33931
6 beds
5 full
2,934 sqft
0.1 acres
$750 / sqft
House
Property details
About 5440 Palmetto St
Unlock the ultimate combination of coastal living and income potential with this beautifully updated 6-bedroom, 5-bath beachside retreat, located just a short stroll from the Gulf shoreline! This versatile two-level home is zoned for WEEKLY RENTALS, making it a perfect investment opportunity—or enjoy it as your personal beach haven. Use it as a single-family home or operate it as a duplex with two fully functional living spaces. This property is ideal for those seeking a coastal lifestyle or lucrative rental opportunities. NEW ROOF, NEW Water Heater, NEW SIDING, NEW Pool Equipment. Property is recently remodeled and refreshed throughout! Featuring a private pool and plenty of outdoor space, this home invites relaxation and enjoyment of the coastal ambiance. With its versatile layout and abundance of bedrooms and baths, it offers flexibility for personal use, full-time rental or dual rental strategy. The property is already being rented with the local rental management company with total projected gross revenue of $202,238 annually. Whether you're hosting family gatherings or accommodating vacationers, this beach retreat promises comfort, convenience, and unforgettable memories.
Highlights
Home typeSingle Family Residence
HeatingCentral, Electric
StatusActive
CoolingCentral Air, Ceiling Fan(s), Electric
Size2,934 sqft
Lot size0.129 Acres
Year built1971
ParkingDriveway, Paved
MLS #225041747
ViewGulf, Other, Partial
Private poolYes
Summary
- Full Bathrooms: 5
- Appliances: Dryer, Dishwasher, Freezer, Microwave, Range, Refrigerator, Washer
- Flooring Type: Tile
- Interior: Breakfast Bar, Eat-in Kitchen, Living/Dining Room, Pantry, Shower Only, Separate Shower, Split Bedrooms
- Total Bedroom Count: 6
- Private Pool: Yes
- Parking: Driveway, Paved
- Waterfront: None
- View: Gulf, Other, Partial
- Exterior: Fence, Other, Patio, Storage
- Architectural Style: Two Story
- Heating: Central, Electric
- Cooling: Central Air, Ceiling Fan(s), Electric
- List Price: $2,200,000
- Price/SqFt: $749
- HOA Amount: $0
- Annual Tax Amount: $4,789
- Tax Year: 2023
- Lot: Rectangular Lot
- Year Built: 1971
- Stories: 2
- Living Area: 2,934 SqFt
- Lot Size: 0.129 Acres
- MLS Number: 225041747
- MLS Name: SWFL
- Office Name: Premiere Plus Realty Company
- Office Phone: (239) 732-7837
- Office Email: brokercoppock@pprmail.com
- Listing Agent: J Alex King
The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/21/2025, 10:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 15, 2016 | Home Sold | $474,200 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $325,023 | $4,789 |
| 2022 | $816,097 | $9,510 |
| 2021 | $541,722 | $9,510 |
| 2020 | $467,539 | $7,722 |
| 2019 | $395,071 | $6,679 |
| 2018 | $359,155 | $6,308 |
| 2017 | $280,209 | $4,614 |
History based on county public records data.
Nearby schools
10
Fort Myers Beach Elementary School
Public District KG-5
1.9 mi
•2751 Oak St
8
Rayma C. Page Elementary School
Public District KG-5
5.8 mi
•17000 S Tamiami Trl
1
Harlem Heights Community Charter School
Public Charter KG-5
5.8 mi
•15570 Hagie Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $61,875. Residents of Fort Myers Beach, FL typically earn between $35k-100k each year. Most families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
17%
<35k
59%
35k-100k
14%
100k-200k
10%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
46%
Single, No Kids
4%
Single, with Kids
44%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
4%
<11 yrs old
3%
12-17 yrs old
9%
18-34 yrs old
48%
35-64 yrs old
36%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Hiking/backpacking
Figure Skating
Where do the neighbors shop?
Chico's
Nordstrom Rack
Stein Mart
Where do the neighbors go to eat?
Cracker Barrel
Chipotle
Bonefish Grill
What do the neighbors drive?
Buick
Mazda
Lincoln
What do the neighbors listen to?
Soft Adult Contemporary
Rock
Classical
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5440 Palmetto St
The listing price of 5440 Palmetto St property is $2,200,000.
The property 5440 Palmetto St is a house located in Fort Myers Beach, Florida, 33931.
Active Listing: 5440 Palmetto St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5440 Palmetto St are: Fort Myers Beach Elementary School (GreatSchools Rating 10/10), Rayma C. Page Elementary School (GreatSchools Rating 8/10), Harlem Heights Community Charter School (GreatSchools Rating 1/10), Lexington Middle School (GreatSchools Rating 4/10), Three Oaks Middle School (GreatSchools Rating 5/10), Cypress Lake Middle School (GreatSchools Rating 7/10), Island Park High School (GreatSchools Rating 1/10), Estero High School (GreatSchools Rating 4/10), Cypress Lake High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2023 is $4,789 (source: MLS/based on county public records data).
The last sale was on March 15, 2016 for $474,200 (source: MLS/tax record).
The property at 5440 Palmetto St has 6 bedrooms and 5 bathrooms.
The property 5440 Palmetto St is 2,934 SqFt (source: MLS/tax record).
The year of construction for 5440 Palmetto St is 1971.
This home is located at 5440 Palmetto St in Fort Myers Beach, FL and zip code 33931. This 2,934 square foot home, which was built in 1971, sits on a 0.13 acre lot. Features: 6 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since May 1, 2025 and is currently priced at $2,200,000.
While more than 1 listings in Fort Myers Beach, FL in June 2025 were sold above asking price, there were more than 0 listings sold at asking price, and more than 26 were sold below. The number of homes for sale in Fort Myers Beach, FL increased by 4.1% between May and June 2025. Listings spent 105 days on the market in June 2025, and had a median list price of $650,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.