21540/542 Indian Bayou DR, Fort Myers Beach, FL, 33931 | $1,899,000

Discover a rare opportunity with this exceptional waterfront Gulf access duplex home, perfectly designed for those who desire a blend of boating, beach living and investment potential. Situated just steps from Estero Bay, this property offers direct access to the Gulf of Mexico, making it a boater's paradise.
Each side of the duplex is thoughtfully set up for weekly rentals, providing an ideal setup for generating income while enjoying all the boating and beach luxuries. The property features a private boat dock equipped with a boat lift and a lift for two jet skis, complete with running water and electricity, catering to all your maritime needs.
The centerpiece of this stunning property is the recently installed resort-style pool, which boasts a water features and built-in bathing lounges, creating a serene retreat for relaxation and entertainment. The spacious lanai off the living area offers views of the pool and dock, perfect for enjoying the tranquil surroundings.
Inside, the duplex has been upgraded with modern kitchens featuring quartz countertops and stainless steel appliances, offering a casual cooking space. The primary bedrooms are designed for comfort and privacy, each with its own bathroom and large walk-in closets. Guest rooms are conveniently located near adjacent bathrooms, ensuring ample space and convenience for all. Laundry rooms are located within each side. Lower level has game room, exercise room, screened in lanais and half bath.
Whether you're looking for a primary residence with additional income potential or aiming to rent out both sides, this property offers a unique opportunity to enjoy the best of Fort Myers Beach living. With the Gulf of Mexico's sandy beaches just a short stroll away, this home is a true gem for those seeking a coastal lifestyle. Don't miss out on this exceptional offering—schedule a viewing today!

Features

  • Building Design: Duplex
  • Amenities: Beach Access,See Remarks
  • Bedrooms: 4
  • Baths: 4 full
  • Units: 2
  • Style: Duplex,See Remarks
  • Development: FLAMINGO LAKES
  • Year Built: 1988
  • Heating: Central Electric
  • Cooling: Ceiling Fans,Central Electric
  • Acreage: 0.39
  • Est. Taxes: $19,833
  • Lot Desc: Regular
  • Community Type: Boating,Non-Gated
  • Water Front: Yes
  • Boat Access: Boat Dock Private,Boat Lift,Dock Included,Elec Avail at dock,Jet Ski Lift,See Remarks,Water Avail at Dock
  • Private Pool: Yes
  • Pet Policy: No Approval Needed
  • MLS#: 224091581
  • Website: https://www.raveis.com
    /prop/224091581/21540542indianbayoudr_fortmyersbeach_fl?source=qrflyer
Copyright © 2024  The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright Southwest Florida MLS organizations. All rights reserved.
Courtesy of COMPASS FLORIDA LLC

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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21540/542 Indian Bayou DR, Fort Myers Beach, FL, 33931

$1,899,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,519,200 $1,519,200 $1,519,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.750% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.321% 6.826% 6.936%
Monthly Tax Payment $1,653 $1,653 $1,653
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,854 $9,854 $13,444
Total Monthly Payment $11,632 $11,632 $15,222

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.