$499,000
2 Bed Waterfront Home Sold in Fort Myers Beach
5000 Estero Boulevard 203, Fort Myers Beach, FL, 33931
About this home
NOW OPEN AND READY TO GENERATE IMMEDIATE RENTAL INCOME! Even better, the rental policy has become even more ""investor-friendly,"" allowing a "4-day minimum rental period" from May through October and a 7-day minimum from November through April—creating substantially more booking opportunities and maximizing annual rental income potential. An incredibly rare opportunity awaits with two adjacent condominiums available for purchase. Condo #202 (MLS# 225048667) and Condo #203 (MLS# 2025005080) are being offered separately, yet together create an unmatched investment opportunity. Imagine the marketing advantage of offering side-by-side accommodations for larger families, wedding parties, reunions, corporate retreats, or groups traveling together—providing 4 bedrooms across two neighboring units while maintaining the privacy guests appreciate. Opportunities like this are extraordinarily uncommon and offer tremendous upside in today's vacation rental market. Inside, this beautifully updated 2-bedroom, 1.5-bath beachfront condominium features a newer kitchen installed after Hurricane Ian, creating a stunning focal point for entertaining after a day at the beach. The bright, open floor plan flows effortlessly to the private Gulf-front lanai, where breathtaking panoramic views of the Gulf of America and spectacular sunsets become part of everyday life. Whether you're seeking a personal beachfront retreat, a high-performing vacation rental, or the perfect combination of both, Pointe South delivers. Guests return year after year for its direct beach access, tropical setting, and unbeatable location just steps from the sugar-white sands. Conveniently located near Publix, marinas, restaurants, entertainment, shopping, and Times Square, owners and guests alike enjoy everything Fort Myers Beach has to offer within minutes. With the building fully operational, an enhanced rental policy designed to increase occupancy, and the rare opportunity to own two adjoining beachfront condominiums, this is a true investment opportunity with exceptional income potential and endless possibilities.
Property details
- Type
- Condominium
- Year built
- 1976
- Interior
- 742 sqft
- Lot size
- 5,967.72 sqft
- Acreage
- 0.14 acres
- Garage
- None
- Days on market
- 356
- Total association fees
- $14,000/yr (~$1,167/mo)
- CDD
- None
- Est. taxes (1.4%)
- $6,986/yr
- Flood zone (area est.)
- Yes · High risk (VE)
- Storm protection
- None listed
- Exposure
- West
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — Gulf frontage
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Public
- Sewer
- Public Sewer
- New construction
- No
- Pets
- No
- County
- Lee
Total association fees sums the core association dues the MLS feed provides (HOA, condo/master association, and land lease), normalized to a yearly figure. These are separate from and additional to specialty charges, mandatory club or food-and-beverage minimums, special assessments, and rec-lease fees, which the IDX feed does not carry. Always confirm the full fee schedule with the HOA or listing agent.
Maintenance included in the fee
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
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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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 |
|---|---|---|---|---|---|
| 5100 Estero Boulevard 6B2 | Feb 2026 | $450,000 | 2/2 | 792 | $568 |
| 5100 Estero Boulevard 6B3 | Jun 2026 | $450,000 | 2/2 | 792 | $568 |
| 5100 Estero Boulevard 3B4 | Aug 2026 | $442,000 | 2/2 | 792 | $558 |
| Average | 3 comps | $447,333 | $565 |
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.
Price & status history
Down $174,000 (26.8%) from the original list price.
| Sep 16, 2026 | Sold | $475,000 |
| Feb 25, 2026 | Price reducedfrom $574,900 | $499,000 |
| Aug 28, 2025 | Listed | $649,000 |
The good, the trade-offs & the location
- Gulf access (Direct — Gulf frontage)
- Built 1976 — 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
- Higher association fees (~$14,000/yr)
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.