Listing Provided Courtesy of Royal Shell Real Estate, Inc.
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.
Property Details
Price:
$1,199,000
MLS #:
2026035822
Status:
Active
Beds:
4
Baths:
4
Type:
Multi Family
Subtype:
Duplex
Subdivision:
FLAMINGO LAKES
Neighborhood:
flamingolakes
Listed Date:
Sep 17, 2026
Finished Sq Ft:
3,848
Lot Size:
17,947 sqft / 0.41 acres (approx)
Year Built:
1990
Units:
2
See this Listing
Schools
Interior
Bathrooms
4 Full Bathrooms
Cooling
Ceiling Fan(s), Central Electric, Zoned
Flooring
Carpet, Tile, Wood
Heating
Central Electric
Exterior
Architectural Style
Duplex
Association Amenities
Bike Storage, Boat Storage, Storage, Guest Room, Internet Access
Construction Materials
Wood Frame, Vinyl Siding
Exterior Features
Storage
Lot Features
Oversize
Other Structures
Storage
Roof
Metal
Waterfront Features
Lake
Financial
Tax Year
2025
Taxes
$16,960
Map
Community
- Address21697/699 Indian Bayou DR FORT MYERS BEACH FL
- SubdivisionFLAMINGO LAKES
- CityFORT MYERS BEACH
- CountyLee
- Zip Code33931
Subdivisions in FORT MYERS BEACH
- ACREAGE
- ADMIRALS BAY
- BAC-BAY HEALTH + RACQUET CLUB
- BATIKI WEST CONDO
- BAY VILLAGE CONDO
- BAYLAND HEIGHTS
- BAYSIDE ESTATES
- BEACH ESTATES
- BELLA LAGO
- BERMUDA DUNES CONDO
- BOARDWALK CAPER
- BORTONS
- CANE PALM BEACH CONDO
- CAPER BEACH CLUB
- CAPTAINS BAY NORTH
- CAPTAINS BAY SOUTH
- CAPTIVA VILLAS
- CARLOS POINTE
- CASA MARINA
- CASA PLAYA RESORT CONDO
- CASE SUBDIVISION
- CASES
- CASTLE BEACH CONDO
- COQUINA CONDO
- CRECIENTE
- CRECIENTE CONDO EAST
- CRECIENTE CONDO SOUTH
- CRESCENT BEACH
- CRESCENT PARK ADDITION
- CRESCENT SHORE CONDO
- DORONDO HUFFNER UNREC PLAT
- EL SOL
- EMILY LANE LAND CONDO
- ESTERO BAYSIDE
- ESTERO BEACH AND TENNIS CLUB
- ESTERO COVE CONDO
- ESTERO ISLAND YACHT & RACQUET CLUB CONDO
- ESTERO PARK
- EUCALYPTUS PARK
- FAIRVIEW ISLES
- FAIRVIEW ISLES CONDO
- FLAMINGO BAYOU SUBD
- FLAMINGO HARBOUR CONDO
- FLAMINGO LAKES
- FLAMINGO PARK
- FORT MYERS
- GLENVIEW
- GRAND OLE MAN
- GRANDVIEW AT BAY BEACH
- GULF BAY VIEW
- GULF COVE TRAILER PARK CO-OP
- GULF HEIGHTS
- GULF ISLAND MANOR
- GULF SHORES
- GULF VIEW
- GULF VIEW PLAZA
- GULF WATERS RV RESORT
- GULF WESTWIND CONDO
- GULFSIDE 12
- GULLWING BEACH RESORT
- HARBOUR HOUSE AT THE INN
- HARBOUR POINTE
- HARBOUR POINTE CONDO
- HELEN LANE CONDO RV
- HERCULES PARK
- HIBISCUS POINTE
- HIDDEN HARBOR ON THE BAY
- HILLS T.P.
- HOLIDAY HEIGHTS
- HOLIDAY SHORES
- HYDE PARK
- INDIAN BAYOU SUBD
- ISLAND BREEZE
- ISLAND HOUSE BEACH CLUB
- ISLAND REEF CLUB
- ISLAND SHORES
- ISLAND SHORES CONDO
- ISLAND WINDS CONDO
- ISLANDS END
- ISLANDS END CONDO
- LAGUNA SHORES
- LAZY ACRES RANCHETTES UNREC SUBDIVISION
- LEILANI
- LEONARDO ARMS BEACH CLUB
- LOVERS KEY BEACH CLUB AND RESORT
- LYNNS HIGHLAND PARK
- MARINA TOWERS & YACHT CLUB
- MARTIN & LEWIS UNREC
- MATANZAS POINTE
- MATANZAS VIEW
- MCPHIE PARK
- MID ISLAND UNRECORDED SUBDIVISION
- MIRAMAR
- NANCY LANE CONDO
- OCEAN HARBOR CONDO
- OLD PELICAN BAY
- OLD PELICAN BAY VILLAGE
- OSTEGO BAY II
- PALM HARBOR CLUB
- PALM ISLES
- POINTE SOUTH CONDO
- POLYNESIAN VACATION VILLAS
- PORT CARLOS COVE CO-OP INC
- PRIVATEER OF FT MYERS BEACH
- RIVIERA CLUB
- ROYAL PELICAN TOWNHOUSE
- SABAL SHORES
- SAN CARLOS ON THE GULF
- SAND CAPER
- SANDARAC CONDO
- SANDPIPER VILLAGE
- SANIBEL VIEW VILLAS
- SANTA MARIA II
- SANTA MARIA RESORT CONDO
- SANTINI CROSS UNREC
- SEA GRAPE BAY CONDO
- SEAGRAPE
- SEASIDE CONDO
- SHAMRON BEACH CONDO
- SHELL MOUND PARK
- SIESTA ISLES
- SPORTSMANS COVE YACHT & RACQUET CLUB
- SUN CAPER
- SUNSET CONDO
- SWANKS K L SUBD
- THE PALMS OF BAY BEACH
- TIP TOP ISLES
- TIP TOP TERRACE
- TURTLE WALK
- VACATION VILLAS
- VENETIAN GARDENS
- WATERSIDE AT BAY BEACH
- WATSON W W
- WHITE SAND VILLAS
- WHITEWATER COURT
- WINDWARD POINT CONDO
- WINKLERS SUBDIVISION
- YACHTSMANS COVE
- ZIMMERS ADD-SHELL MOUND PK
Market Summary
Current real estate data for Multi Family in FORT MYERS BEACH as of Oct 24, 2026
23
Multi Family Listed
152
Avg DOM
498
Avg $ / SqFt
$1,177,126
Avg List Price
Property Summary
- Located in the FLAMINGO LAKES subdivision, 21697/699 Indian Bayou DR FORT MYERS BEACH FL is a Multi Family for sale in FORT MYERS BEACH, FL, 33931. It is listed for $1,199,000 To schedule a showing of MLS#2026035822 at 21697/699 Indian Bayou DR in FORT MYERS BEACH, FL, contact your Century 21 Carioti agent at 2392986550.
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