Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
4 Beds
4 Baths
3,848 sqft

$1,199,000

21697/699 Indian Bayou DR, Fort Myers Beach FL, 33931

Price per sqft$311.59
Built in1990
Property size3,848 sqft
Property typeMulti-family

Overview

Active

Listed Sep 17, 2026

Updated 3 weeks ago

WEEKLY RENTAL DUPLEX! Rarely does a property offer this level of flexibility, income potential, and coastal lifestyle in one exceptional package. Known as "Blue Bayou," this elevated duplex offers a unique Fort Myers Beach opportunity as a private retreat, multi-generational getaway, or vacation rental investment, with weekly rentals permitted. The beach access point is an approximate 3-4 minute stroll away, a big draw for vacation renters, and the access has a roll-out accessibility mat. Each turnkey furnished residence is over 1,900 sq. feet, easily accommodating up to eight guests. The floor plans are identical. Each residence has a spacious primary suite and guest suite, both with en-suite baths. Each has a versatile loft for additional living or sleeping space. A connecting interior door allows the units to function together as one expansive family retreat (4 bedrooms & 4 baths) or independently as two separate rental accommodations. Bright coastal interiors showcase soaring ceilings, abundant windows, generous living and dining areas, and large covered decks ideal for outdoor dining, entertaining, and relaxing. Elevated construction provides covered under-building parking for 4 vehicles plus ample additional parking, and storage for beach gear. A local pool company has indicated there is room for a pool, subject to buyer verification, permitting, and due diligence. Recent improvements include a 2023 metal roof, complete re-plumbing in 2022, HVAC replacement in 2022, main electrical meter replacement in 2024, and an updated primary en-suite bath in one unit. Both units have an in-unit laundry room, tasteful furnishings, and turnkey vacation-rental appeal. Lush tropical landscaping and a tranquil estuary backdrop create a peaceful setting, while the property’s location bordering the Catholic church compound offers a quieter residential atmosphere, yet still close to the beach. A local vacation rental company projects potential combined annual income of more than $60,000. Their projection is attached; buyer should independently verify all rental, licensing, zoning, and income information. Blue Bayou is located 1 mile south of Publix and 1 mile north of the newly revitalized Santini Plaza, with numerous shops including The UPS Store, Ace Hardware, several restaurants, storage and a popular weekly in-season farmers market and craft fair, plus a CVS across the street from Santini. Blue Bayou offers a rare combination of lifestyle, flexibility, and investment potential in an exceptional Fort Myers Beach location.

$7,977/mo

Est. mortgage payment based on a $1,199,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2026035822

Interior Features

Bedrooms
4
Bathrooms
4
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.41 Acres

Other Property Details

Taxes
$16,960
Tax Frequency
Annually
Secondary Association Fee
Not Listed
Pets Allowed
Yes
Waterfront
Yes

Listed by Michael Koch, Royal Shell Real Estate, Inc.

Listing Contact: 239-246-0679 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Sweet South Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2026 Southwest Florida Multiple Listing Service. All rights reserved.

Data last updated 4:55 AM UTC, 9/18/2026

Powered by Luxury Presence