2 Bed Waterfront Home for Sale in Oak Street Unrec
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For SaleMLS# 226021632

$760,000

2 Bed Waterfront Home for Sale in Oak Street Unrec

850 Oak Street, Fort Myers Beach, FL, 33931

2 beds2.5 baths1,199 sqft1 garage
BoatingWaterfront

About this home

One or more photo(s) has been virtually staged, AI generated or rendered. BOATER'S DREAM! NO HOA FEES, NO RENTAL RESTRICTIONS & WEEKLY RENTALS ALLOWED. Just over the bridge from Fort Myers Beach, this elevated canal-front home on San Carlos Island offers direct Gulf access with open water reached in less than 2 minutes. Designed for those who love life on the water, this property features a private dock with water and electric service, a 10,000 lb boat lift, remote-controlled jet ski lift, and floating kayak dock. Brand new AC system just installed August 2026! The main living level features a bright, open floor plan with plantation shutters and direct access to a spacious deck overlooking the canal and dock. The kitchen is appointed with solid wood soft-close cabinetry, granite countertops, stainless steel appliances, and a center island for food prep and seating. The primary suite offers an updated bath with quartz countertops and a large walk-in shower, while the second upstairs bedroom includes its own full bath and ample closet space. The lower level (approximately 800 sq ft) provides exceptional flexibility with a garage, sunroom, half bath with shower, and a BONUS room ideal for guests, a home office, fitness space, or studio. Additional features include a paver driveway and garage with retractable screen for added comfort and convenience. Conveniently located minutes from Fort Myers Beach, Margaritaville Resort, waterfront dining, and island entertainment, this rare waterfront opportunity offers the perfect blend of boating access, flexible living space, and investment potential. Whether you're looking for a full-time residence, vacation getaway, or income-producing property, you'll appreciate the brand new AC, weekly rental potential, no HOA fees, and direct access to open water in under two minutes.

Property details

Type
SingleFamilyResidence
Year built
1981
Interior
1,199 sqft
Lot size
3,005.64 sqft
Acreage
0.07 acres
Garage
1 car
Days on market
89
Total association fees
None
CDD
None
Est. taxes (1.4%)
$10,640/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
Shutters
Exposure
East
Waterfront
Yes
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

Maintenance included in the fee

CableTv

What the association dues cover, per the MLS. Confirm the full schedule with the HOA.

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.

Below marketThis home is priced below comparable recent sales, a potential value.
This home
$634/sqft
Comp median
$779/sqft
Difference
-19%

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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
453 Palermo CircleFeb 2026$850,0003/11,184$718
291 Mango StreetJan 2026$800,0003/21,008$794
18435 Deep Passage LaneMar 2026$900,0002/21,155$779
Average3 comps$850,000$764

Market trends, Fort Myers Beach

Median list
$749,000
Median $/sqft
$621
Median sold (90d)
$474,000
Avg days on market
129
Active listings
399
Median sold price · Fort Myers Beach
$472,000last 3 months12.8% vs $541,000 prior 3 months
Median closed price by month · Fort Myers Beach
22.5% MoM36.9% YoY
$442k$595k$749kJul ’25Aug ’26
$465,000Aug ’26 · 25 sales

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 $20,000 (2.6%) from the original list price.

Aug 11, 2026Price reducedfrom $770,000$760,000
Jun 2, 2026Listed$780,000

The good, the trade-offs & the location

Pros
  • Waterfront
  • Storm protection: Shutters
Consider
  • Built 1981 — pre-2002 construction may carry older wind codes and higher insurance
  • In a higher-risk flood zone (AE) — flood insurance likely required
Location convenienceHigh
Hospital
5.6 mi
HealthPark Medical Center
Beach
0.8 mi
Fort Myers Beach
Airport
10 mi
Page Field (Fort Myers)
Shopping
8 mi
Bell Tower Shops

Straight-line distances to major SWFL amenities, approximate; actual drive times vary.

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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.