$675,000
3 Bed SingleFamilyResidence for Sale in Gulf Heights
5474 Oak Ridge Avenue, Fort Myers Beach, FL, 33931
About this home
An income-producing gem with proven rental history awaits on Fort Myers Beach—ideally located just a stone’s throw from the sugar-white sandy shoreline. Located in the highly desirable WEEKLY rental zone of Fort Myers Beach, this 3 bed, 2 bath two-story home has been thoughtfully modernized to create a clean aesthetic throughout and delivers immediate returns from day one with tenants already in place. Additional features include wood-style flooring, stainless steel appliances, a light-filled Florida room, and an open-air deck ideal for sunset lounging. Located in a prime, walkable area, this residence is just a short stroll to the beach, dining, shopping, and island activities—an ideal choice for expanding your investment portfolio, enjoying a seasonal retreat, renting while you gather permits to build the island home of your dreams, or establishing a forever home in paradise. Opportunities like this are rare—claim your slice of island paradise before it’s gone.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1973
- Interior
- 1,719 sqft
- Lot size
- 5,619.24 sqft
- Acreage
- 0.13 acres
- Garage
- 1 car
- Days on market
- 237
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $9,450/yr
- Flood zone (area est.)
- Yes · High risk (VE)
- Storm protection
- None listed
- Exposure
- West
- 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 13 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 |
|---|---|---|---|---|---|
| 21551 Madera Road | Sep 2025 | $730,000 | 4/3 | 1,728 | $422 |
| 4831 Coral Road | Oct 2025 | $829,000 | 4/3 | 1,760 | $471 |
| 179 Hibiscus Drive | Jun 2026 | $650,000 | 2/2 | 1,611 | $403 |
| 239 Ibis Street | Jan 2026 | $750,000 | 2/2 | 1,600 | $469 |
| 6620 Estero Boulevard 801 | Feb 2026 | $800,000 | 3/2 | 1,700 | $471 |
| 453 Washington Court | Oct 2025 | $520,000 | 4/2 | 1,897 | $274 |
| Average | 6 comps | $713,167 | $418 |
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 $64,000 (8.7%) from the original list price.
| Jul 27, 2026 | Price reducedfrom $725,000 | $675,000 |
| Dec 2, 2025 | Listed | $739,000 |
The good, the trade-offs & the location
- Built 1973 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (VE) — flood insurance likely required
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.