21697/699 Indian Bayou Dr, Fort Myers Beach, FL

$1,199,000

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4

Beds

4

Baths

0.41

Acres

About 21697/699 Indian Bayou Dr

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.

Features of 21697/699 Indian Bayou Dr

MLS® # 2026035822
Price $1,199,000
Bedrooms 4
Bathrooms 4.00
Full Baths 4
Square Footage 3848
Acres 0.41
Year Built 1990
Type Income
Sub-Type Duplex
Style Stilt, Duplex
Status Active

Community Information

Address 21697/699 Indian Bayou Dr
Area FB04 - Avenida Pescadora to S.Bd
Subdivision FLAMINGO LAKES
City Fort Myers Beach
County Lee
State FL
Zip Code 33931

Amenities

Amenities Bike Storage, Guest Suites, RV/Boat Storage, Storage
Utilities Cable Available
Features Oversized Lot, Pond on Lot
Is Waterfront Yes
Waterfront Lake
Has Pool No

Interior

Interior Carpet, Tile, Wood
Interior Features High Speed Internet
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s), Electric, Zoned
Fireplace No
Has Basement No

Exterior

Exterior Vinyl Siding, Wood Frame
Exterior Features Room For Pool, Storage, Water Feature
Lot Description Oversized Lot, Pond on Lot
Windows Arched, Impact Glass, Other
Roof Metal
Construction Vinyl Siding, Wood Frame
Foundation Pillar/Post/Pier, Raised

Additional Information

Date Listed September 17th, 2026
Zoning TFC2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRoyal Shell Real Estate, Inc.

Listing Map

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