$1,230,000
3 Bed SingleFamilyResidence for Sale in Fort Myers Beach
138 Gulf Island Drive, Fort Myers Beach, FL, 33931
About this home
Classic and modern Fort Myers Beach home/cottage. This updated home offers 3 bedrooms 2.5 baths with 2, 000 sqft of living area and another 2, 500 sqft on Ist level which is screened and is a great area to relax and entertain. New construction in 2011 added 1200 sqft while renovating and bringing the original structure up to new code and elevation, Vaulted ceilings, granite countertops and vanity tops, dual HVAC's, custom cabinets, tile floors throughout home. impact windows and doors (home survived lan with zero damage). Large master suite with walk in closet and shower, rear sun deck with stairs, metal/galvanized roof, six person hot tub, security lights, large enclosed storage area and workshop. Home is located in the small community of Gulf Island Manor, and offers a private beach access with a Gazebo and Marina/Park like setting on the back bay with Large Tiki Hut and fishing dock. Private beach and back bay access ! This home has it all.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1957
- Interior
- 2,000 sqft
- Lot size
- 7,666.56 sqft
- Acreage
- 0.18 acres
- Garage
- None
- Days on market
- 175
- Total association fees
- $500/yr (~$42/mo)
- CDD
- None
- Est. taxes (1.4%)
- $17,220/yr
- Flood zone (area est.)
- Yes · High risk (VE)
- Storm protection
- Impact Windows/Doors
- Exposure
- Southeast
- 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
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.
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 |
|---|---|---|---|---|---|
| 231 Sterling Avenue | May 2026 | $1,525,000 | 3/3 | 1,820 | $838 |
| 247 Curlew Street | Sep 2025 | $975,000 | 3/3 | 1,824 | $535 |
| 447 Palermo Circle | Feb 2026 | $1,150,000 | 3/3 | 1,847 | $623 |
| Average | 3 comps | $1,216,667 | $665 |
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.
The good, the trade-offs & the location
- Storm protection: Impact Windows/Doors
- Built 1957 — 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
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.