$409,000
2 Bed Waterfront Home for Sale in The Palms Of Bay Beach, FL
4203 Bay Beach Lane 5E, Fort Myers Beach, FL, 33931
About this home
This fully furnished, two-bedroom fifth-floor residence is beautifully framed by sweeping, unobstructed views of Estero Bay and located within the highly sought-after waterfront community of The Palms. The thoughtfully updated kitchen features stainless steel appliances, while laminated flooring flows throughout the living spaces. The bathrooms have been tastefully upgraded, including the addition of a walk-in tub for enhanced comfort and convenience. The screened lanai—also accessible from the primary suite—offers the perfect setting to savor coastal breezes, glowing sunrises, and the ever-changing natural beauty of Southwest Florida. Daily sightings of colorful birds, manatees, and dolphins create a truly captivating waterfront experience. The residence includes one covered parking space, along with ample guest parking. The Palms has recently completed a comprehensive exterior renovation, showcasing a new roof, fresh exterior paint, updated lanai railings, and a newly repaved parking area—adding both peace of mind and enhanced curb appeal. A short stroll brings you to the community’s private beach, offering effortless access to the Gulf’s pristine sugar-sand shoreline. Boat slips, available for purchase or lease, are conveniently located within walking distance. Resort-style living awaits at The Palms, featuring a beautifully appointed clubhouse with a full kitchen, outdoor grilling area, and dedicated fish-cleaning station—ideal for entertaining. Residents also enjoy an extensive network of scenic walking paths, an Olympic-size heated pool, tennis and pickleball courts, a driving cage, chipping and putting greens, and a professionally equipped fitness center. Perfectly situated on the coveted South Island, this exceptional community offers an ideal blend of luxury, comfort, and convenience. Enjoy a complimentary island trolley ride to the North End’s lively dining and nightlife or take a short drive to Naples or Bonita Springs for world-class shopping and cuisine.
Property details
- Type
- Condominium
- Year built
- 1978
- Interior
- 1,024 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- 1 car
- Days on market
- 10
- Total association fees
- $12,396/yr (~$1,033/mo)
- CDD
- None
- Est. taxes (1.4%)
- $5,726/yr
- Flood zone (area est.)
- Yes · High risk (VE)
- Storm protection
- Impact Windows/Doors
- Exposure
- Northeast
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- New construction
- No
- Pets
- Call, Conditional
- 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 |
|---|---|---|---|---|---|
| 4253 Bay Beach Lane C3 | Jun 2026 | $360,000 | 2/2 | 1,024 | $352 |
| 4203 Bay Beach Lane 4D | May 2026 | $389,000 | 2/2 | 1,024 | $380 |
| 4521 Bay Beach Lane 325 | Sep 2025 | $415,000 | 2/2 | 1,214 | $342 |
| Average | 3 comps | $388,000 | $358 |
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 $24,000 (5.9%) from the original list price.
| Jan 29, 2026 | Sold | $385,000 |
| Dec 22, 2025 | Listed | $409,000 |
The good, the trade-offs & the location
- Waterfront
- Storm protection: Impact Windows/Doors
- Built 1978 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (VE) — flood insurance likely required
- Higher association fees (~$12,396/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.