21691/693 Indian Bayou Drive Fort Myers Beach, FL $ 970,000
21691/693 Indian Bayou Drive
$ 970,000
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21691/693 Indian Bayou Drive

Fort Myers Beach, FL, 33931
$ 970,000
Bedrooms4 Baths2.0 Sq 1,792

Monthly Estimate*

$ 6,125

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

for $970,000 with 4 bedrooms and 2 full baths. This 1,792 square foot home was built in 1984 on a lot size of 0.367.

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.

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Multi-Family Active

Price

$ 970,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 8,532

Style

Two Story, Duplex

Lot Size

0.367

Year Built

1984

Town/City

Fort Myers Beach

County/Region

Lee

MLS | Web ID

2026033476

Features
General
Sewer Public Sewer
Heating Central Electric
Cooling Central Air Ceiling Fan(s) Electric
Utilities Cable Available
Possession Close Of Escrow
Roof Metal
HOA Fee 0
Patio/Porch Features Deck
Architectural Style Two Story Duplex
Construction Materials Block Concrete Stucco Wood Siding
Pets Allowed Yes
Year Built 1984
Tenant Pays Application Fee Electricity Internet Pet Deposit Security
Stories Count 2
Levels Two
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 Barbecue Picnic Area Beach Access
Subdivision Name FLAMINGO LAKES
Full Baths 2
Status Active
City Fort Myers Beach
Disclosures Owner Has Flood Insurance 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 8532.68
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2026033476
Structure Type Duplex
Standard Status Active
Tax Lot 11
Property Sub Type Additional Duplex
Legal Description FLAMINGO LAKES PB 34 PG 53 LOT 11
HOA Fee 3 0
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Interior
Interior Amenities High Speed Internet
Flooring Laminate Tile
Air Conditioning Y/N true
Heating Y/N true
Window Features Single Hung
Total Bedrooms 4
Total Baths 2
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Exterior
Exterior Amenities Deck Outdoor Grill
Water Source Public
Lot Size Area 0.367
Foundation Details Raised
Spa false
Building Area Total 1792
Lot Dimensions 77 x 208 x 78 x 208
Lot Size Acres 0.367
Road Surface Type Paved
Private Pool false
Lot Size Source Appraiser
Waterfront Y/N true
Covered Spaces 0
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* Excluded Features
List By
Michael Drake

Listing Agent

Sun Palace Realty

Broker

michael@sunpalacevacations.net

Email

Affordability Calculator

$6,836
Per Month
90%
10%
0%
Monthly Principal & Interest
$6,125
Monthly Property Taxes
$711
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
8/8/2026$970,000 Listed Price

Map


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21691/693 Indian Bayou Drive, Fort Myers Beach, FL, 33931 is a Multi-Family Home for sale at $970,000 with 1,792 sqft and a lot size of 0.367. 21691/693 Indian Bayou Drive has 4 bedrooms, 2.0 baths, and was built in 1984. The property's zip code is 33931 which is in Fort Myers Beach, FL