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4 Beds
2 Baths
1,792 sqft

$925,000

21691/693 Indian Bayou DR, Fort Myers Beach FL, 33931

Price per sqft$516.18
Built in1984
Property size1,792 sqft
Property typeMulti-family

Overview

Active

Listed Aug 7, 2026

Updated 13 days ago

WATERFRONT DUPLEX in the highly desirable Flamingo Lakes neighborhood offering a rare opportunity for investors, vacation rental owners, or those looking for a flexible waterfront retreat. Ideally zoned for WEEKLY rentals, this unique property provides the perfect combination of location, income potential, and versatility. The property features two separate units, each offering a functional layout with 2 bedrooms, 1 bathroom, a kitchen, and comfortable living spaces. Whether used as a full-time residence, vacation getaway, income-producing property, or a combination of both, this duplex provides endless possibilities. Enjoy waterfront living while being just minutes from restaurants, shopping, and entertainment, all while maintaining the privacy and tranquility of the Indian Bayou community. With its flexible rental opportunities and prime location, this property stands out as a unique investment opportunity in the Fort Myers Beach market. Don’t miss your chance to own a rare waterfront duplex in one of Southwest Florida’s most sought-after destinations.

$6,154/mo

Est. mortgage payment based on a $925,000 home price.

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

Additional information

MLS® ID
2026033476

Interior Features

Bedrooms
4
Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.37 Acres

Other Property Details

Taxes
$8,533
Tax Frequency
Annually
Secondary Association Fee
Not Listed
Pets Allowed
Yes
Waterfront
Yes

Listed by Michael Drake, Sun Palace Realty

Listing Contact: 239-955-1881 

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 ERA of Southwest Florida shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 5:13 PM UTC, 9/30/2026

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