$599,000

About this home

Exceptional Oversized Homesite! One of Fort Myers Beach's Highest-Performing Weekly Rental Locations! Build a NEW 5+ bedroom with a GROSS INCOME Potential $250,000+/- in annual gross short-term rental income. This WIDE 70 ft wide parcel offers the perfect combination of size, location, and investment potential. One of the largest available homesites at this price point, it provides an outstanding opportunity to build a custom luxury beach home designed for both personal enjoyment and exceptional income-producing potential. Located on desirable Mid Island Drive, a street already showcasing six newly constructed luxury residences, this is an ideal setting for a 5-6 bedroom elevated coastal home with a south-facing resort-style pool, maximizing all-day sunshine and breathtaking Florida sunsets. Perfect for blended use, enjoy your own private island retreat whenever you choose while offsetting ownership costs through weekly vacation rentals when you're away. Builder introductions are available, making it easy to begin planning your custom coastal residence. Just moments from Connecticut Street Beach Access, you'll enjoy the ideal balance of privacy and convenience. Walk to the white sandy beaches of the Gulf of Mexico, spend afternoons relaxing by your future pool, and experience unforgettable sunsets just steps from home. The location places you between the excitement of Margaritaville Resort, Times Square, and the Pier District to the north and the restaurants, shopping, and conveniences of Santini Plaza to the south. Oversized homesites in premier weekly rental neighborhoods are becoming increasingly difficult to find. Whether you're building a luxury vacation home, an income-producing investment property, or the perfect combination of both, this exceptional parcel represents one of the best opportunities currently available on Fort Myers Beach

Property details

Type

Residential

Year built

Not specified

Interior

Not specified

Lot size

7,753.68 sqft

Acreage

0.18 acres

Garage

None

Days on market

0

Total association fees

None

CDD

None

Est. taxes (1.4%)

$8,386/yr

Flood zone (area est.)

Yes · High risk (VE)

Storm protection

None listed

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

Not specified

County

Lee

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.

The good, the trade-offs & the location

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