$545,000
2 Bed SingleFamilyResidence for Sale in Gulf Heights, FL
5431 Oak Ridge Avenue, Fort Myers Beach, FL, 33931
About this home
Calling all investors! This one-of-a-kind property delivers character, convenience, and outstanding income potential, perched on a distinctive corner lot just a short stroll from the sun-drenched shores of Fort Myers Beach. Located in the highly desirable WEEKLY rental zone, this versatile residence features two separate units—a 2-bedroom, 1-bath layout and a 1-bedroom, 1-bath layout—making it ideal for maximizing returns in one of the most sought-after areas on the island. With its unique footprint, proven rental history, and unbeatable proximity to dining, shopping, nightlife, and the beach, this property is an exceptional, income-producing opportunity. Whether you're expanding your investment portfolio or seeking a coastal retreat with built-in earning power, this Fort Myers Beach gem checks every box for location, versatility, and high-demand rental appeal.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1980
- Interior
- 810 sqft
- Lot size
- 2,831.4 sqft
- Acreage
- 0.07 acres
- Garage
- None
- Days on market
- 0
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $7,630/yr
- Flood zone (area est.)
- Yes · High risk (VE)
- Storm protection
- None listed
- Exposure
- Northeast
- Waterfront
- No
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Public
- Sewer
- Public Sewer
- New construction
- No
- Pets
- Yes
- County
- Lee
Amenities
Flood risk shown is an area-level estimate and can differ from a specific unit's actual FEMA designation (which varies by structure and elevation). Look up this address on the FEMA Flood Map and verify with a licensed insurance agent before relying on it.
Based on the $/sqft of 3 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.
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Your notes on this home
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Recently sold nearby
Closed comparable sales within ~1 mile in the last 12 months — similar price, size, beds/baths, and age.
| Address | Sold | Sold price | Beds/Baths | Sq ft | $/sqft |
|---|---|---|---|---|---|
| 5480 Estero Boulevard 401 | Mar 2026 | $480,000 | 1/1 | 625 | $768 |
| 5100 Estero Boulevard 6B2 | Feb 2026 | $450,000 | 2/2 | 792 | $568 |
| 5100 Estero Boulevard 6B3 | Jun 2026 | $450,000 | 2/2 | 792 | $568 |
| Average | 3 comps | $460,000 | $635 |
Market trends — Fort Myers Beach
Median of closed MLS sales each month over the available window. Months with too few sales are omitted; the range extends automatically as more sales close.
Live area medians from the MLS · see all listings. Indicative, not an appraisal.
The good, the trade-offs & the location
- Built 1980 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (VE) — flood insurance likely required
- No garage listed
Straight-line distances to major SWFL amenities — approximate; actual drive times vary.
Nearby schools
Get more information on their programs, scores, and extracurriculars on each school's page · browse the full schools directory.
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Listing information is provided in part by the Florida Gulf Coast Multiple Listing Service (MLS) through its Broker Reciprocity / Internet Data Exchange (IDX) program. Properties displayed may be listed by brokerages other than SWFL Relocation Team. Data is deemed reliable but is not guaranteed accurate by the MLS or this brokerage and should be independently verified. Fees, flood zones, taxes, square footage, and school assignments are estimates from the feed and must be confirmed. © 2026 SWFL Relocation Team. All rights reserved.