$999,999
3 Bed Waterfront Home for Sale in Laguna Shores
8363 Estero Boulevard, Fort Myers Beach, FL, 33931
About this home
One or more photo(s) has been virtually staged, AI generated or rendered. WEEKLY RENTAL ZONED!!! Canal-Front Coastal Opportunity with Exceptional Investment Potential. Discover an extraordinary opportunity to own a prime canal-front property on the highly sought-after south end of Fort Myers Beach. Situated on an oversized 80' x 133' homesite along Estero Boulevard, this 3-bedroom, 2.5-bath residence is directly across the street from the sugar-white sand beaches and the turquoise waters of the Gulf of Mexico, offering the perfect blend of waterfront living and beach access. One of the property's most valuable features is its weekly rental zoning, providing exceptional flexibility for personal enjoyment, vacation rentals, or future redevelopment. Whether you choose to update the existing home or create a spectacular custom residence, the possibilities are endless. Imagine, building a luxury 5-bedroom, 5+ bath elevated coastal home complete with a private pool, rooftop entertainment deck, and breathtaking Gulf views. Similar newly constructed homes in this highly desirable area have demonstrated outstanding vacation rental performance. While rental income can never be guaranteed and depends on numerous factors including market conditions, management, occupancy, and operating expenses, a thoughtfully designed luxury home on this site has the potential to generate well in excess of $200,000 annually in gross rental income, making this an exceptional long-term investment opportunity. Enjoy everything Fort Myers Beach has to offer. Walk across the street for a morning stroll along the Gulf, spend the afternoon boating from your backyard canal, and finish the day watching spectacular Southwest Florida sunsets from your future rooftop deck. The location is second to none, offering convenient on-and-off island access while being just minutes from Santini Plaza, Publix, Margaritaville, waterfront dining, marinas, boutique shopping, and entertainment. Bonita Springs and Naples are also just a short drive away. Whether you're searching for a luxury beach retreat, a high-performing vacation rental, or one of the finest redevelopment opportunities available on Fort Myers Beach, this property offers the rare combination of location, lifestyle, investment potential, and future value. Build your dream. Capture the views. Maximize the opportunity. Properties offering this combination of canal frontage, Gulf proximity, weekly rental zoning, and redevelopment potential are becoming increasingly difficult to find.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1989
- Interior
- 2,402 sqft
- Lot size
- 9,931.68 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 2
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $14,000/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- Northeast
- 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
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.
We rate a home against recently SOLD homes within ~1 mile that match on size, beds/baths, and age. This home doesn't have enough close comparables in the last 12 months for a reliable read, ask Rick for a personalized CMA.
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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 |
|---|---|---|---|---|---|
| 4192 Bay Beach Lane 836 | Feb 2026 | $925,000 | 4/3 | 2,296 | $403 |
| Average | 1 comps | $925,000 | $403 |
Market trends, Laguna Shores
Live community medians from the MLS · see all listings. Indicative, not an appraisal.
The good, the trade-offs & the location
- Waterfront
- 2-car garage
- Built 1989 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (AE) — 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.