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Bean Group
Offered at $975,000Active
beds
2
baths
2
sq ft
1,008
Built
1992

197 Madison Court

Fort Myers Beach, FL 33931

About this home

Welcome to your fully renovated coastal retreat, perfectly suited as both a vacation home and an exceptional investment opportunity with a very strong rental history. This spacious property comfortably sleeps up to 12 guests and is located in a highly desirable *WEEKLY RENTAL* community with private beach access. Thoughtfully updated throughout, the home features a brand-new kitchen with quartz countertops, new appliances, and beautifully remodeled bathrooms with tiled walk-in showers and frameless glass doors. Additional living space on the lower level offers a versatile bonus room, while the upper-level screened porch and lower-level lanai provide inviting outdoor spaces to relax and entertain. Major improvements completed in 2025 include a brand-new heated pool, new Hardie board siding, a new privacy fence, and a new lower-level HVAC system. The pool equipment has been elevated to help protect against flooding, and both the pool equipment and HVAC are backed by 5-year manufacturer warranties. This property has a proven history of strong weekly rental income and is being offered with the opportunity to convey existing reservations. Whether you’re looking for a personal beach getaway or an income-producing property, this home offers the perfect combination of modern updates, coastal charm, and outstanding rental potential.

Listing last checked: Listing updated:

Listed by Jorge Barrera · Premiere Plus Realty Company · MLS #2026028238

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Details at a glance

Interior4 property facts
Rooms
0
Heating
Central, Electric
Cooling
Central Air, Ceiling Fan(s), Electric
Flooring
Tile
Building5 property facts
Style
Single Family Residence
Year built
1992
Garage
0
Foundation
Raised
Roof
Metal, Shingle
Land & utilities3 property facts
Lot size
0.088 acres
Water
Public
Sewer
Public Sewer
Financial3 property facts
Annual taxes
$7,645
Assessment year
2025
HOA fee
$0 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $975,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$5,567 / monthAdjust
Principal & interest
$4,930
Property tax
$637
Insurance
Not entered
HOA
$0

Listing annual taxes: $7,645. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $0.

Partial estimate: add insurance to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

Price and status timeline

  1. Sld

    $634,000 · Sold $585,000 · Jun 26, 2024

  2. Sld

    $295,000 · Sold $275,000 · Mar 5, 2003

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About 197 Madison Court

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Request a tour of 197 Madison Court and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.