4 Beds
2 Baths
1,792 sqft
$875,000
21691/693 Indian Bayou DR, Fort Myers Beach FL, 33931
Price per sqft$488.28
Built in1984
Property size1,792 sqft
Property typeMulti-family
Overview
Active
Listed Aug 7, 2026
Updated 2 days ago
Discover a rare opportunity to own a waterfront duplex in the desirable Flamingo Lakes neighborhood of Fort Myers Beach, offering weekly rental potential and convenient walking access to the beach. This versatile property offers an exceptional combination of investment potential, waterfront living, and flexibility in one of Southwest Florida’s most sought-after destinations.
The property features two separate units, each offering 2 bedrooms, 1 bathroom, a full kitchen, and comfortable living spaces. Whether you're looking to maximize rental income by operating both units as vacation rentals, live in one unit while generating income from the other, or enjoy the entire property as your own waterfront retreat, the possibilities are endless.
Enjoy the peaceful waterfront setting from the back deck, where you can relax in the enclosed lanai or step out into the open-air area to soak up the Florida sunshine. Take in the beautiful lake views and the soothing sound of the water fountain, creating the perfect setting to unwind after a day at the beach.
One of the property's biggest attractions for vacation renters is its convenient proximity to beach access, just an approximate 3–4 minute stroll away. Even better, the beach access features a roll-out accessibility mat, making the beach more accessible for guests with mobility needs.
Enjoy the appeal of waterfront living in the established Indian Bayou community, conveniently located just minutes from local restaurants, shopping, entertainment, and everything Fort Myers Beach has to offer. With its desirable location, duplex configuration, walkable beach access, and weekly rental potential, this property presents an opportunity that is increasingly hard to find in the Fort Myers Beach market.
Whether you're an investor, vacation rental owner, or looking for a property that offers both lifestyle and income potential, don't miss your opportunity to own this unique waterfront duplex!
$5,821/mo
Est. mortgage payment based on a $875,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 2026033476
Interior Features
- Bedrooms
- 4
- Bathrooms
- 2
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.37 Acres
Other Property Details
- Taxes
- $8,533
- Tax Frequency
- Annually
- Secondary Association Fee
- Not Listed
- Pets Allowed
- Yes
- Waterfront
- Yes
Listed by Michael Drake, Sun Palace Realty
Listing Contact: 239-955-1881
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Sarah Caspersen shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 4:54 AM UTC, 11/12/2026