3 Bed 2 Bath Waterfront Condominium for Sale in THE PALMS OF BAY BEACH, FL
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SoldMLS# 2025022233

$689,000

3 Bed 2 Bath Waterfront Condominium for Sale in THE PALMS OF BAY BEACH, FL

4253 Bay Beach Lane A7, Fort Myers Beach, FL, 33931

3 beds2 baths1,499 sqft1 garage
PickleballTennisBocceBeach AccessFitness CenterClubhouseCommunity PoolBoatingWaterfront

About this home

This beautifully and tastefully updated 3 bedroom, corner penthouse showcases sweeping, unobstructed views of Estero Bay and beyond. Elegant plantation shutters frame every window, while the expansive open-air lanai invites you to enjoy coastal breezes and breathtaking sunrises while being entertained by an abundance of SWFL magnificent birds, manatees and dolphins. Inside, each of the three spacious bedrooms offers its own walk-in closet, providing exceptional storage and comfort. Additional conveniences include a private storage closet and electric storm shutters for peace of mind. The unit includes one undercover space and there is ample parking for guests. The complex has recently gone through total exterior renovation to include new roof, exterior painting, lanai rails and repaved parking lot. Just a short walk brings you to the community’s private beach, offering effortless access to the Gulf’s sugar-sand shoreline. Boat slips for sale or lease are within easy walking distance from your unit. The community itself delivers resort-style living at its finest, featuring a beautifully appointed clubhouse with full kitchen, outdoor grill and fishing table station all perfect for entertaining. Residents enjoy an extensive system of safe walking paths, an Olympic-size heated pool, tennis and pickleball courts, a driving cage, putting and chipping greens, and a professionally equipped fitness center. This extremely rare penthouse opportunity comes fully furnished and blends luxury, comfort, and unmatched amenities available in one of the most desirable locations on Estero Bay. The South Island location offers unlimited options for any lifestyle choice. Utilize the free island trolley to the North end for a thriving nightlife atmosphere or take a short drive south to Naples or Bonita Springs for a variety of excellent restaurants and shopping.

Property details

Type
Condominium
Year built
1977
Interior
1,499 sqft
Lot size
17,241.048 sqft
Acreage
0.40 acres
Garage
1 car
Days on market
23
Total association fees
$15,900/yr (~$1,325/mo)
CDD
None
Est. taxes (1.4%)
$9,646/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
Impact Windows/Doors
Exposure
Northeast
Waterfront
Yes
Gulf access
Yes
Gulf access type
Direct — no bridges
Pool
No
Spa
No
Natural gas
No
Water
Assessment Paid
Sewer
Assessment Paid
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

AssociationManagementCableTvInsuranceInternetIrrigationWaterLegalAccountingMaintenanceGroundsPestControlRecreationFacilitiesReserveFundRoadMaintenanceSewerStreetLightsSecurityTrashWater

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

Amenities

BeachRightsBocceCourtBikeStorageBusinessCenterClubhouseFitnessCenterLibraryBarbecuePicnicAreaPierPickleballParkPoolPuttingGreensShuffleboardCourtSidewalksTennisCourtsTrailsTrashVehicleWashAreaBeachAccess

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.

At marketThis home is priced in line with comparable recent sales.
This home
$460/sqft
Comp median
$462/sqft
Difference
0%

Based on the $/sqft of 8 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
7875 Buccaneer DriveDec 2025$679,0003/21,565$434
7148 Estero Boulevard 922Jul 2026$600,0002/21,318$455
7150 Estero Boulevard 501Dec 2025$765,0002/21,545$495
7150 Estero Boulevard 506Feb 2026$655,0002/21,545$424
7000 Estero Boulevard 300Jul 2026$675,0002/21,388$486
6612 Estero Boulevard PH2Feb 2026$695,0002/21,331$522
Average6 comps$678,167$469

Market trends — Fort Myers Beach

Median list
$734,800
Median $/sqft
$612
Median sold (90d)
$474,000
Avg days on market
134
Active listings
431
Median sold price · Fort Myers Beach
$474,500last 3 months15.8% vs $563,500 prior 3 months
Median closed price by month · Fort Myers Beach
1.1% MoM5.3% YoY
$442k$595k$749kJul ’25Jul ’26
$465,000Jul ’26 · 15 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 $80,000 (11%) from the original list price.

Mar 16, 2026Sold$650,000
Dec 14, 2025Price reducedfrom $730,000$689,000
Nov 26, 2025Listed$730,000

The good, the trade-offs & the location

Pros
  • Gulf access (Direct — no bridges)
  • Storm protection: Impact Windows/Doors
Consider
  • Built 1977 — pre-2002 construction may carry older wind codes and higher insurance
  • In a higher-risk flood zone (AE) — flood insurance likely required
  • Higher association fees (~$15,900/yr)
Location convenienceHigh
Hospital
7.7 mi
HealthPark Medical Center
Beach
1.6 mi
Lovers Key State Park
Airport
12.1 mi
RSW Intl (Fort Myers)
Shopping
5.9 mi
Coconut Point (Estero)

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.