tomo logo

$2,200,000

Beds
6
Baths
5.0
sq ft
2,934

5440 Palmetto St, Fort Myers Beach, FL 33931

5440 Palmetto St

Fort Myers Beach, FL 33931

  • 48 days on market
Welcome to your Dream BEACH Home with HUGE Income Potential! WEEKLY Rental Zoning. This spacious two-level residence boasts 6 bedrooms and 5 baths, and provides ample space for large families or entertaining guests. Perfect for INVESTORS and Personal use. Choose to Enjoy or Rent as a Duplex or a Single Family home. Just a short stroll from the beach, this property is ideal for those seeking a coastal lifestyle or lucrative rental opportunities. NEW ROOF, NEW W/H, NEW SIDING, NEW Pool Equipment & Recently remodeled and refreshed! Featuring a refreshing pool and plenty of outdoor space, this home invites relaxation and enjoyment of the coastal ambiance. With its versatile layout and abundance of bedrooms and baths, it offers flexibility for both personal use and rental income. Whether you're hosting family gatherings or accommodating vacationers, this beach retreat promises comfort, convenience, and unforgettable memories. Don't miss your chance to own a piece of paradise – schedule your viewing today!

Details

Property type

Single Family Residence

Est. home value

$1,312,867

Lot size

5,619 sq ft

Price per sq ft

$750

Year built

1971

Annual property taxes

$4,789.77

HOA

No

Price History

09/18/2024
NABOR

NABOR #224045781

Removed
$2,400,000
+9.09%
09/18/2024

FGCMLS #224076743

Listed
$2,200,000
-8.33%
06/04/2024
NABOR

NABOR #224045781

Listed
$2,400,000
+406.09%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Number of units in community: 

1

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Samuel Mclaughlin Etal

Loan start date

March 2016

Original loan amount

$700,000

Est. remaining balance

Not provided

Interest rate

5%

Loan type

Credit Line (Revolving), 25 year

Seller

Mclaughlin Siblings Llc

Lender

Samuel Mclaughlin Etal

Loan start date

March 2016

Original loan amount

$700,000

Est. remaining balance

Not provided

Interest rate

5%

Loan type

Credit Line (Revolving), 25 year

Seller

Mclaughlin Siblings Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/05/2024 at 7:10 PM

Listing updated: 10/15/2024 at 4:22 PM

Listed by: J Alex King, Premiere Plus Realty Company Phone #: (239) 732-7837

MLS: FGCMLS #224076743

FGCMLS logo

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