21500 - 21504 Indian Bayou Drive Fort Myers Beach, FL $ 2,990,000
21500 - 21504 Indian Bayou Drive
$ 2,990,000
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21500 - 21504 Indian Bayou Drive

Fort Myers Beach, FL, 33931
$ 2,990,000
Bedrooms6 Baths4.0 Sq 6,101

Monthly Estimate*

$ 18,410

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Multi-Family Home for sale in Fort Myers Beach, FL

for $2,990,000 with 6 bedrooms and 4 full baths. This 6,101 square foot home was built in 1997 on a lot size of 0.58.

Rare Bayfront Duplex Opportunity on Fort Myers Beach Stunning bayfront duplex offering the best of both worlds—direct boating access and a short walk to the beach. Located at the end of a quiet cul-de-sac, this property features approximately 6,101 sq ft under air (unit B 3,006 sq ft unit A 3,095 sq ft) and is built on concrete pilings, effectively creating a 3-level structure. Professionally remodeled following hurricane damage, including installation of new code-compliant hurricane shutters. Multiple balconies and large windows provide expansive bay views from upper levels. Each unit offers: Top floor primary suite with balcony, dual walk-in closets, and spacious bathroom Second level with 2 bedrooms and Jack & Jill bathroom Main living area with open kitchen, dining, and 2-story great room with balcony Ground level garage space with capacity for multiple vehicles The property offers flexible use options: live in one side and rent the other, short- or long-term rental investment, or combine both units through existing interior access points on each level. Previously operated as a vacation rental property and may be reintroduced into a rental program. Property is offered turnkey furnished, excluding personal items and select artwork. Recent updates include: New metal roof Updated A/C systems Vinyl flooring Impact sliding doors (primary suites) Pool resurfacing with new tile and spa New pool equipment Additional features: Elevator shaft (currently non-operational) Mangrove trimming permit in place (recently completed) 3 separate parcel IDs (per county records) Important notes: Dock was damaged by Hurricane Ian and will require replacement (information available) Property is sold as-is New photography scheduled. Showings by appointment only.

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Multi-Family Active

Price

$ 2,990,000

Bedrooms

6

Full Bath

4

Property Type

Multi-Family

Taxes

$ 28,976

Style

Two Story, Stilt, Duplex

Lot Size

0.58

Year Built

1997

Town/City

Fort Myers Beach

County/Region

Lee

MLS | Web ID

2026017632

Features
General
Sewer Assessment Paid
Heating Central Electric
Cooling Central Air Ceiling Fan(s) Electric
Utilities Cable Available
Possession Close Of Escrow
Roof Metal
HOA Fee 0
Architectural Style Two Story Stilt Duplex
Pool Features Concrete Electric Heat Heated In Ground Pool Equipment
Construction Materials Block Other Concrete See Remarks Stucco Wood Frame
Pets Allowed Yes
Year Built 1997
Tenant Pays See Remarks
Stories Count 2
Levels Two
Property Subtype Duplex
Tax Year 2025
Waterfront Features Bayfront Mangrove Navigable Water
Community Features Boat Facilities Non-Gated
HOA Fee 2 0
County Lee
Net Operating Income 0
Operating Expense 0
Property Type Residential Income
Association Amenities Beach Rights Beach Access Boat Ramp
Subdivision Name INDIAN BAYOU SUBD
Full Baths 4
Status Active
Directions Estero Blvd southbound make a left on Lanark Ave which leads into Indian Bayou Dr. The house will be at the very end at the cul-de-sac.
City Fort Myers Beach
Disclosures Foreign Seller Owner Has Flood Insurance
Land Lease Amount 0
Zoning Description RC
Number Of Units Total 2
MLS Area FB04 - Avenida Pescadora to S.Bd
Lot Size Units Acres
Spa Features In Ground
Tax Annual Amount 28976.72
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2026017632
Structure Type Duplex
Standard Status Active
Property Sub Type Additional Duplex
Legal Description HERON WATCH CONDO DESC OR 2999 PG 2216 UNIT B
HOA Fee 3 0
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Interior
Flooring Tile Vinyl
Air Conditioning Y/N true
Heating Y/N true
Window Features Single Hung Transom Window(s)
Half Baths 0
Total Bedrooms 6
Total Baths 4
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Exterior
Exterior Amenities Sprinkler/Irrigation Outdoor Shower
Lot Features Oversized Lot Cul-De-Sac Sprinklers Automatic
Water Source Assessment Paid
Lot Size Area 0.58
Foundation Details Pillar/Post/Pier Raised
Number of Buildings 1
Spa true
Building Area Total 6101
Lot Dimensions 45 x 190 x 248 x 216
Lot Size Acres 0.58
Road Surface Type Paved
Private Pool true
Lot Size Source Appraiser
Waterfront Y/N true
Covered Spaces 0
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Caprice Krumsick

Listing Agent

Realty One Group Mvp

Broker

caprice@caprice-florida-realtor.com

Email

Affordability Calculator

$20,825
Per Month
88%
12%
0%
Monthly Principal & Interest
$18,410
Monthly Property Taxes
$2,415
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/16/2026$2,990,000 Listed Price

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21500 - 21504 Indian Bayou Drive, Fort Myers Beach, FL, 33931 is a Multi-Family Home for sale at $2,990,000 with 6,101 sqft and a lot size of 0.58. 21500 - 21504 Indian Bayou Drive has 6 bedrooms, 4.0 baths, and was built in 1997. The property's zip code is 33931 which is in Fort Myers Beach, FL