1 month on rocket

5440 Palmetto St, Fort Myers Beach, FL, 33931

$2,200,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
5 Full Baths
2,934 SqFt
$750/SqFt
House

Location

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5440 Palmetto St, Fort Myers Beach$2,200,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Paved
Year Built1971
HeatingCentral, Electric
CoolingCentral Air, Ceiling Fan(s), Electric
WaterfrontNone
ViewGulf, Other, Partial
Private PoolYes
MLS #224076743
Lot Size0.13 Acres
StatusActive

About 5440 Palmetto St

Welcome to your Dream BEACH Home with HUGE Income Potential! WEEKLY Rental Zoning. This spacious two-level residence boasts 6 bedrooms and 5 baths, and provides ample space for large families or entertaining guests. Perfect for INVESTORS and Personal use. Choose to Enjoy or Rent as a Duplex or a Single Family home. Just a short stroll from the beach, this property is ideal for those seeking a coastal lifestyle or lucrative rental opportunities. NEW ROOF, NEW W/H, NEW SIDING, NEW Pool Equipment & Recently remodeled and refreshed! Featuring a refreshing 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 both personal use and rental income. Whether you're hosting family gatherings or accommodating vacationers, this beach retreat promises comfort, convenience, and unforgettable memories. Don't miss your chance to own a piece of paradise – schedule your viewing today!

Property Details

Property Features

Property Information:

  • Architectural Style: Two Story
  • Year Built: 1971
  • Stories: 2
  • Living Area: 2,934 SqFt

Listing Office:

  • Office Name: Premiere Plus Realty Company
  • Office Phone: (239) 732-7837
  • Listing Agent: J Alex King

Interior Features

Interior Information:

  • 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

Bedroom and Bathroom Information:

  • Full Bathrooms: 5
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: None
  • View: Gulf, Other, Partial
  • Exterior: Fence, Other, Patio, Storage

Parking Information:

  • Parking: Driveway, Paved

Lot Features

Lot Information:

  • Lot: Rectangular Lot
  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric

School Info

Assigned Schools Information:

  • Estero High School, Public District Grades 9-12
  • Cypress Lake High School, Public Magnet Grades 9-12
  • South Fort Myers High School, Public District Grades 9-12
  • Lexington Middle School, Public District Grades 6-8
  • Cypress Lake Middle School, Public District Grades 6-8
  • Three Oaks Middle School, Public District Grades 6-8
  • Fort Myers Beach Elementary School, Public District Grades PK-5
  • Heights Elementary School, Public Magnet Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,200,000
  • Price Per SqFt: $750/SqFt

Tax Information:

  • Annual Amount: $7,067
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Fort Myers Beach, FL.

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Fort Myers Beach, FL

City

Med. Sold Price

$653.5K

Med. Price/SqFt

$527

Avg. Days On Market

87

# of Sold Homes

7

5440 Palmetto St vs Fort Myers Beach

47 DAYS ON ROCKET

-40 Days

$2,200,000

+$1.5M More

$750/SqFt

+$223 More

KEY TAKEAWAY

This property is $1.5M more than the Median Sold Price and $223/SqFt more than other homes in Fort Myers Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SWFL
  • MLS Number: #224076743

Listing Office:

  • Office Name: Premiere Plus Realty Company
  • Office Phone: (239) 732-7837
  • Listing Agent: J Alex King

IDX 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: 11/5/2024, 5:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 15, 2016Home Sold
$474,200

Tax History

YEARPROP. TAXASSESSMENT
2020$7,067$467,539
2019$6,679$395,071
2018$6,308$359,155
2017$4,614$280,209

History based on county public records data.

Payment Calculator

$11K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,662

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1874064
10
/10

  • Fort Myers Beach Elementary School

  • 2751 Oak St

  • 1.94 miles

  • Public District Grades PK-5

school-card-donut-1874065
7
/10

  • Heights Elementary School

  • 15200 Alexandria Ct

  • 6.25 miles

  • Public Magnet Grades PK-5

Middle School

school-card-donut-1874066
3
/10

  • Lexington Middle School

  • 16351 Summerlin Rd

  • 4.56 miles

  • Public District Grades 6-8

school-card-donut-1874067
5
/10

  • Cypress Lake Middle School

  • 8901 Cypress Lake Dr

  • 7.66 miles

  • Public District Grades 6-8

school-card-donut-1874068
5
/10

  • Three Oaks Middle School

  • 18500 3 Oaks Pkwy

  • 7.82 miles

  • Public District Grades 6-8

High School

school-card-donut-1874069
4
/10

  • Estero High School

  • 21900 River Ranch Rd

  • 7.36 miles

  • Public District Grades 9-12

school-card-donut-1874070
4
/10

  • Cypress Lake High School

  • 6750 Panther Ln

  • 7.57 miles

  • Public Magnet Grades 9-12

school-card-donut-1874071
2
/10

  • South Fort Myers High School

  • 14020 Plantation Rd

  • 8.33 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $61,875. Typical income of Fort Myers Beach, FL residents is between $35k-100k annually. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5440 Palmetto St

What is the listing price of this property?

The listing price of 5440 Palmetto St property is $2,200,000.

What type of property is this?

The property 5440 Palmetto St is a house located in Fort Myers Beach, Florida, 33931.

Is this property for sale now?

Active Listing: 5440 Palmetto St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5440 Palmetto St are:
Fort Myers Beach Elementary School: GreatSchools Rating 10/10
Heights Elementary School: GreatSchools Rating 7/10
Lexington Middle School: GreatSchools Rating 3/10
Cypress Lake Middle School: GreatSchools Rating 5/10
Three Oaks Middle School: GreatSchools Rating 5/10
Estero High School: GreatSchools Rating 4/10
Cypress Lake High School: GreatSchools Rating 4/10
South Fort Myers High School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $7,067 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 15, 2016 for $474,200. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5440 Palmetto St has 6 bedrooms and 5 bathrooms.

What is the square footage of this property?

The property 5440 Palmetto St is 2,934 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5440 Palmetto St is 1971.

Rocket Homes›Florida›Lee County›Fort Myers Beach›33931›5440 Palmetto St

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 September 18, 2024 and is currently priced at $2,200,000.

Over 0 listings were sold over their listed price in October 2024 in Fort Myers Beach, FL. In the same period over 7 listings were sold below the listed price and 0 listings were sold for the listed price. In October 2024 in Fort Myers Beach, FL there were 7.2% more homes for sale than in September 2024. While the average time on the market in October 2024 was 87 days, the median list price was $653,500.

From Rocket Homes Real Estate and based on county public records data.

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