$304,900
2 Bed Waterfront Home for Sale in Fort Myers Beach
4581 Bay Beach Lane 482, Fort Myers Beach, FL, 33931
About this home
BOAT DOCK #75 and under-building parking highlight this TURNKEY 2-bedroom residence at Royal Pelican on Bay Beach Lane, offering private beach access for Bay Beach Lane owners on the south end of Fort Myers Beach. This well-located 2-bedroom, 2-bath condo with two balconies offers comfortable coastal living in one of the island’s most desirable waterfront communities. The residence is offered TURNKEY, making it ideal for immediate enjoyment as a full-time residence or seasonal getaway. The building has made several significant improvements, including a new roof, new balconies, fresh exterior paint, and a new elevator, with new walkways scheduled for installation. Royal Pelican residents enjoy two swimming pools and a professionally managed community, along with access to Bay Beach Lane amenities, including private beach access, pickleball, tennis, bocce courts, putting greens, and walking paths. Located on the south end of Estero Island, the property offers convenient proximity to beaches, boating, dining, shopping, and recreational activities throughout Fort Myers Beach.
Property details
- Type
- Condominium
- Year built
- 1989
- Interior
- 1,156 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- None
- Days on market
- 178
- Total association fees
- $12,400/yr (~$1,033/mo)
- CDD
- None
- Est. taxes (1.4%)
- $4,269/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- West
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — no bridges
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Public
- Sewer
- Public Sewer
- 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 5 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 |
|---|---|---|---|---|---|
| 4511 Bay Beach Lane 211 | Aug 2026 | $349,900 | 2/2 | 1,226 | $285 |
| 4263 Bay Beach Lane 713 | Jan 2026 | $270,000 | 2/2 | 1,090 | $248 |
| 4263 Bay Beach Lane 413 | Mar 2026 | $312,500 | 2/2 | 1,090 | $287 |
| 22700 Island Pines Way 503 | Jul 2026 | $350,000 | 2/2 | 1,073 | $326 |
| 22748 Island Pines Way 102 | Sep 2025 | $340,000 | 2/2 | 1,095 | $311 |
| Average | 5 comps | $324,480 | $291 |
Market trends, Royal Pelican
Live community medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
Down $34,900 (10.4%) from the original list price.
| Aug 13, 2026 | Sold | $300,000 |
| Jun 25, 2026 | Price reducedfrom $315,000 | $304,900 |
| Jan 1, 2026 | Listed | $334,900 |
The good, the trade-offs & the location
- Gulf access (Direct — no bridges)
- Built 1989 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (AE) — flood insurance likely required
- No garage listed
- Higher association fees (~$12,400/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.