21697/699 Indian Bayou Drive | Fort Myers Beach, FL Multifamily Property For Sale

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$1,199,000
New Listing

21697/699 Indian Bayou Drive
Fort Myers Beach, FL 33931

For Sale|Duplex|Active
4
Beds
4
Total Baths
4
Full Baths
3,848
SqFt
$312
/SqFt
1990
Built
Subdivision:
FLAMINGO LAKES
County:
Lee
Call Now: (612) 961-5858
Is this the listing for you? We can help make it yours.
(612) 961-5858
21697/699 Indian Bayou Drive21697/699 Indian Bayou Drive21697/699 Indian Bayou Drive21697/699 Indian Bayou Drive
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Monthly Payment (Est.)

$5,470
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WEEKLY RENTAL DUPLEX! Rarely does a property offer this level of flexibility, income potential, and coastal lifestyle in one exceptional package. Known as "Blue Bayou," this elevated duplex offers a unique Fort Myers Beach opportunity as a private retreat, multi-generational getaway, or vacation rental investment, with weekly rentals permitted. The beach access point is an approximate 3-4 minute stroll away, a big draw for vacation renters, and the access has a roll-out accessibility mat. Each turnkey furnished residence is over 1,900 sq. feet, easily accommodating up to eight guests. The floor plans are identical. Each residence has a spacious primary suite and guest suite, both with en-suite baths. Each has a versatile loft for additional living or sleeping space. A connecting interior door allows the units to function together as one expansive family retreat (4 bedrooms & 4 baths) or independently as two separate rental accommodations. Bright coastal interiors showcase soaring ceilings, abundant windows, generous living and dining areas, and large covered decks ideal for outdoor dining, entertaining, and relaxing. Elevated construction provides covered under-building parking for 4 vehicles plus ample additional parking, and storage for beach gear. A local pool company has indicated there is room for a pool, subject to buyer verification, permitting, and due diligence. Recent improvements include a 2023 metal roof, complete re-plumbing in 2022, HVAC replacement in 2022, main electrical meter replacement in 2024, and an updated primary en-suite bath in one unit. Both units have an in-unit laundry room, tasteful furnishings, and turnkey vacation-rental appeal. Lush tropical landscaping and a tranquil estuary backdrop create a peaceful setting, while the property’s location bordering the Catholic church compound offers a quieter residential atmosphere, yet still close to the beach. A local vacation rental company projects potential combined annual income of more than $60,000. Their projection is attached; buyer should independently verify all rental, licensing, zoning, and income information. Blue Bayou is located 1 mile south of Publix and 1 mile north of the newly revitalized Santini Plaza, with numerous shops including The UPS Store, Ace Hardware, several restaurants, storage and a popular weekly in-season farmers market and craft fair, plus a CVS across the street from Santini. Blue Bayou offers a rare combination of lifestyle, flexibility, and investment potential in an exceptional Fort Myers Beach location.

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Listing Snapshot
Price 
$1,199,000
Days On Site 
0 Days
Bedrooms 
4
Inside Area (SqFt) 
3,848 sqft
Total Baths 
4
Full Baths 
4
Partial Baths 
N/A
Lot Size 
0.412 Acres
Year Built 
1990
MLS® Number 
2026035822
Status 
Active
Property Tax 
$16,959.59
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
13 hours agoListing first seen on site
17 hours agoListing updated with changes from the MLS®
General Features
Acres 
0.412
Disclosures 
Seller Disclosure
Foundation 
Pillar/Post/PierRaised
Pets 
Yes
Property Sub Type 
Duplex
Sewer 
Public Sewer
SqFt Total 
3848
Style 
Stilt, Duplex
Utilities 
Cable Available
Water Source 
Public
Zoning 
TFC2
Interior Features
Cooling 
Central AirCeiling Fan(s)ElectricZoned
Flooring 
CarpetTileWood
Heating 
CentralElectric
Interior 
High Speed Internet
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Exterior Features
Construction Details 
Vinyl Siding
Exterior 
Storage
Lot Features 
Waterfront
Pool Features 
Outdoor Pool
Roof 
Metal
Waterfront 
Yes
Waterfront Features 
PondLake
Community Features
Association Amenities 
RV/Boat StorageStorage
MLS Area 
FB04 - Avenida Pescadora to S.Bd
Financing Terms Available 
Cash
Listing courtesy of Royal Shell Real Estate, Inc.


The data relating to real estate for sale on this website comes in part from the Florida Gulf Coast MLS. 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 deemed reliable but not guaranteed.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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