21697/699 Indian Bayou Drive Fort Myers Beach, FL $ 1,199,000
21697/699 Indian Bayou Drive
$ 1,199,000
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21697/699 Indian Bayou Drive

Fort Myers Beach, FL, 33931
$ 1,199,000
Bedrooms4 Baths4.0 Sq 3,848

Monthly Estimate*

$ 7,571

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

for $1,199,000 with 4 bedrooms and 4 full baths. This 3,848 square foot home was built in 1990 on a lot size of 0.412.

WEEKLY RENTAL DUPLEX! Rarely does a property offer this level of flexibility, income potential, and coastal lifestyle in one exceptional package. Known as "Blue Bayou," this elevated duplex offers a unique Fort Myers Beach opportunity as a private retreat, multi-generational getaway, or vacation rental investment, with weekly rentals permitted. The beach access point is an approximate 3-4 minute stroll away, a big draw for vacation renters, and the access has a roll-out accessibility mat. Each turnkey furnished residence is over 1,900 sq. feet, easily accommodating up to eight guests. The floor plans are identical. Each residence has a spacious primary suite and guest suite, both with en-suite baths. Each has a versatile loft for additional living or sleeping space. A connecting interior door allows the units to function together as one expansive family retreat (4 bedrooms & 4 baths) or independently as two separate rental accommodations. Bright coastal interiors showcase soaring ceilings, abundant windows, generous living and dining areas, and large covered decks ideal for outdoor dining, entertaining, and relaxing. Elevated construction provides covered under-building parking for 4 vehicles plus ample additional parking, and storage for beach gear. A local pool company has indicated there is room for a pool, subject to buyer verification, permitting, and due diligence. Recent improvements include a 2023 metal roof, complete re-plumbing in 2022, HVAC replacement in 2022, main electrical meter replacement in 2024, and an updated primary en-suite bath in one unit. Both units have an in-unit laundry room, tasteful furnishings, and turnkey vacation-rental appeal. Lush tropical landscaping and a tranquil estuary backdrop create a peaceful setting, while the property’s location bordering the Catholic church compound offers a quieter residential atmosphere, yet still close to the beach. A local vacation rental company projects potential combined annual income of more than $60,000. Their projection is attached; buyer should independently verify all rental, licensing, zoning, and income information. Blue Bayou is located 1 mile south of Publix and 1 mile north of the newly revitalized Santini Plaza, with numerous shops including The UPS Store, Ace Hardware, several restaurants, storage and a popular weekly in-season farmers market and craft fair, plus a CVS across the street from Santini. Blue Bayou offers a rare combination of lifestyle, flexibility, and investment potential in an exceptional Fort Myers Beach location.

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Multi-Family Active

Price

$ 1,199,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 16,959

Style

Stilt, Duplex

Lot Size

0.412

Year Built

1990

Town/City

Fort Myers Beach

County/Region

Lee

MLS | Web ID

2026035822

Features
General
Sewer Public Sewer
Heating Central Electric
Cooling Central Air Ceiling Fan(s) Electric Zoned
Utilities Cable Available
Possession Close Of Escrow
Roof Metal
HOA Fee 0
Architectural Style Stilt Duplex
Construction Materials Vinyl Siding Wood Frame
Pets Allowed Yes
Year Built 1990
Tenant Pays See Remarks
Property Subtype Duplex
Tax Year 2025
Waterfront Features Lake
Community Features Non-Gated
HOA Fee 2 0
County Lee
Net Operating Income 0
Operating Expense 0
Property Type Residential Income
Association Amenities Bike Storage Guest Suites RV/Boat Storage Storage
Subdivision Name FLAMINGO LAKES
Full Baths 4
Status Active
City Fort Myers Beach
Disclosures Seller Disclosure
Land Lease Amount 0
Zoning Description TFC2
Number Of Units Total 2
MLS Area FB04 - Avenida Pescadora to S.Bd
Lot Size Units Acres
Tax Annual Amount 16959.59
Property Condition Resale
Virtual Tour https://my.matterport.com/show/?m=xF95J7EDc1A
Structure Type Duplex
Standard Status Active
Tax Lot 10
Property Sub Type Additional Duplex
Legal Description FLAMINGO LAKES PB 34 PG 53 LOT 10
HOA Fee 3 0
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Interior
Interior Amenities High Speed Internet
Flooring Carpet Tile Wood
Air Conditioning Y/N true
Heating Y/N true
Window Features Arched Impact Glass Other
Total Bedrooms 4
Total Baths 4
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Exterior
Gulf Access false
Exterior Amenities Room For Pool Storage Water Feature
Lot Features Oversized Lot Pond on Lot
Water Source Public
Lot Size Area 0.412
Foundation Details Pillar/Post/Pier Raised
Spa false
Building Area Total 3848
Lot Dimensions 90 x 206 x 84 x 208
Lot Size Acres 0.412
Private Pool false
Lot Size Source Appraiser
Waterfront Y/N true
Covered Spaces 0
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Michael Koch

Listing Agent

Royal Shell Real Estate, Inc.

Broker

mike@fmbkoch.com

Email

Affordability Calculator

$8,984
Per Month
84%
16%
0%
Monthly Principal & Interest
$7,571
Monthly Property Taxes
$1,413
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
9/17/2026$1,199,000 Listed Price

Map


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21697/699 Indian Bayou Drive, Fort Myers Beach, FL, 33931 is a Multi-Family Home for sale at $1,199,000 with 3,848 sqft and a lot size of 0.412. 21697/699 Indian Bayou Drive has 4 bedrooms, 4.0 baths, and was built in 1990. The property's zip code is 33931 which is in Fort Myers Beach, FL