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Offered at $925,000Active
beds
4
baths
2
sq ft
1,792
Built
1984

21691/693 Indian Bayou Drive

Fort Myers Beach, FL 33931

About this home

WATERFRONT DUPLEX in the highly desirable Flamingo Lakes neighborhood offering a rare opportunity for investors, vacation rental owners, or those looking for a flexible waterfront retreat. Ideally zoned for WEEKLY rentals, this unique property provides the perfect combination of location, income potential, and versatility. The property features two separate units, each offering a functional layout with 2 bedrooms, 1 bathroom, a kitchen, and comfortable living spaces. Whether used as a full-time residence, vacation getaway, income-producing property, or a combination of both, this duplex provides endless possibilities. Enjoy waterfront living while being just minutes from restaurants, shopping, and entertainment, all while maintaining the privacy and tranquility of the Indian Bayou community. With its flexible rental opportunities and prime location, this property stands out as a unique investment opportunity in the Fort Myers Beach market. Don’t miss your chance to own a rare waterfront duplex in one of Southwest Florida’s most sought-after destinations.

Listing last checked: Listing updated:

Listed by Michael Drake · Sun Palace Realty · MLS #2026033476

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Details at a glance

Interior3 property facts
Heating
Central, Electric
Cooling
Central Air, Ceiling Fan(s), Electric
Flooring
Laminate, Tile
Building4 property facts
Style
Duplex
Year built
1984
Foundation
Raised
Roof
Metal
Land & utilities4 property facts
Lot size
0.367 acres
Water
Public
Sewer
Public Sewer
Waterfront
Y
Financial3 property facts
Annual taxes
$8,533
Assessment year
2025
HOA fee
$0 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $925,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$5,388 / monthAdjust
Principal & interest
$4,677
Property tax
$711
Insurance
Not entered
HOA
$0

Listing annual taxes: $8,533. 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

    $449,000 · Sold $435,000 · Mar 12, 2019

  2. Sld

    $324,900 · Sold $324,900 · Aug 12, 2013

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About 21691/693 Indian Bayou Drive

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Request a tour of 21691/693 Indian Bayou Drive and a Bean Group agent will help coordinate an available time with the listing side.

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

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