$685,000
3 Bed Waterfront Home for Sale in The Palms Of Bay Beach
4203 Bay Beach Lane 7H, Fort Myers Beach, FL, 33931
About this home
Perched high above the shoreline, this stunning penthouse corner residence at The Palms of Bay Beach offers a rare wrap-around lanai and truly panoramic views of both the Bay and the Gulf—allowing you to enjoy breathtaking sunrises and unforgettable sunsets from the comfort of home. Inside, the spacious three-bedroom layout features walk-in closets in every bedroom and two well-appointed baths. The expansive kitchen is designed for both function and style, showcasing KitchenAid appliances, a Bosch dishwasher (installed 2024), and a separate dry bar complete with a standalone ice maker and wine refrigerator—perfect for entertaining. Recent upgrades add tremendous value and peace of mind, including updated flooring in 2025, new carpet in all three bedrooms (2025), hurricane shutters replaced in 2023 with a 5-year warranty, new toilets in both bathrooms, and a hot water tank replaced in 2025. The primary suite is enhanced with darkening shades and updated bath countertops for a refined, restful retreat. Comfort is further elevated by a rooftop-mounted Trane A/C system—providing quieter operation than traditional exterior closet units. An additional private storage closet located directly on the lanai offers convenient space for beach gear and extra belongings, completing this exceptional coastal penthouse.
Property details
- Type
- Condominium
- Year built
- 1977
- Interior
- 1,499 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- None
- Days on market
- 175
- Total association fees
- $15,910/yr (~$1,326/mo)
- CDD
- None
- Est. taxes (1.4%)
- $9,590/yr
- Flood zone (area est.)
- Yes · High risk (VE)
- Storm protection
- Impact Windows/Doors
- Exposure
- Southeast
- 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
- 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 7 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 A7 | Mar 2026 | $650,000 | 3/2 | 1,499 | $434 |
| 7875 Buccaneer Drive | Dec 2025 | $679,000 | 3/2 | 1,565 | $434 |
| 7148 Estero Boulevard 922 | Jul 2026 | $600,000 | 2/2 | 1,318 | $455 |
| 7150 Estero Boulevard 506 | Feb 2026 | $655,000 | 2/2 | 1,545 | $424 |
| 7150 Estero Boulevard 501 | Dec 2025 | $765,000 | 2/2 | 1,545 | $495 |
| 7000 Estero Boulevard 300 | Jul 2026 | $675,000 | 2/2 | 1,388 | $486 |
| Average | 6 comps | $670,667 | $455 |
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 $125,000 (17.2%) from the original list price.
| Aug 31, 2026 | Sold | $600,000 |
| May 11, 2026 | Price reducedfrom $700,000 | $685,000 |
| Feb 4, 2026 | Listed | $725,000 |
The good, the trade-offs & the location
- Waterfront
- Storm protection: Impact Windows/Doors
- Built 1977 — 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
- Higher association fees (~$15,910/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.