$999,500
MultiFamily for Sale in Fort Myers Beach
229 Fairweather Lane, Fort Myers Beach, FL, 33931
About this home
Turnkey investment opportunity in the heart of Fort Myers Beach! This 4-unit quadruplex offers immediate dual-income strategy: one unit occupied by a steady long-term tenant and three fully furnished units with brand-new decor operating as active weekly short-term rentals. Professionally managed and completely setup for seamless operations. Each 1BD/1BA unit features open living spaces, full kitchens, and low-maintenance ceramic tile flooring. Updated systems, on-site laundry, dedicated off-street parking, and a lush backyard patio complete this high-performing coastal asset. Located just steps from the Gulf's white sand beaches, popular local dining, vibrant shopping, and coastal entertainment, this multi-family asset is ready to generate income from day one. Whether expanding your rental portfolio or seeking a turnkey income producer on the island, 229 Fairweather Ln delivers location, quality, and flexible cash flow potential.
Property details
- Type
- MultiFamily
- Year built
- 1965
- Interior
- Not specified
- Lot size
- 4,443.12 sqft
- Acreage
- 0.10 acres
- Garage
- None
- Days on market
- 0
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $13,993/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- Not specified
- Waterfront
- No
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Not specified
- Sewer
- Not specified
- 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.
Seeing several homes? Build a tour and we'll route it for you.
Your notes on this home
Keep private notes on this home, what you love, what to ask about, saved to your account and shared with your agent.
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
- Built 1965 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (AE) — 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.
Similar homes nearby
$1,100,000
MLS# 226019397431 Lazy Way, Fort Myers Beach, FL, 33931
$899,000
MLS# 2026019511261 Donora Boulevard, Fort Myers Beach, FL, 33931
$899,900
MLS# 202603503811160 Harbour Yacht Court C, Fort Myers, FL, 33908
$905,000
MLS# 202600968214354 Harbour Links Court 3B, Fort Myers, FL, 33908
$869,000
MLS# 2026016497970 Sand Castle Road, Sanibel, FL, 33957
$899,000
MLS# 2250239581012/1014 E Gulf Drive, Sanibel, FL, 33957
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.