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21697/699 Indian Bayou Drive
Fort Myers Beach FL 33931 US

$1,199,000

Active Listing ID 2026035822
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4 bed
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4.00 Bath (4 Full)
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Lot: 0.41 Acres
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Duplex

$1,199,000

Active Listing ID 2026035822
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21697/699 Indian Bayou Drive 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.

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Property Features

  • Facts
  • Lot Size: 0.41 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Duplex
  • Features
  • Full Bathrooms: 4
  • Cooling System: Electric, Ceiling Fan(s), Central Air, Zoned
  • Exterior Finish: RoomForPool, Storage, WaterFeature
  • Floor Covering: Carpet, Wood, Tile
  • Roof Type: Metal
  • Heating Fuels: Electric (Heating), Central
  • Additional Features
  • Waterfront

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Duplex
  • listprice: 1199000
  • unparsedaddress: 21697/699 Indian Bayou Drive
  • postalcity: Fort Myers Beach
  • stateorprovince: FL
  • country: US
  • postalcode: 33931
  • bathroomsfull: 4
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.412
  • lotsizeunits: Acres
  • lotsizearea: 0.412
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 26.427614
  • longitude: -81.907714
  • listagentfullname: Michael Koch
  • listagentemail: mike@fmbkoch.com
  • listagentkey: 3yd-FMSWFL-3066455
  • listagentmlsid: 3066455
  • listagentpreferredphone: 2392460679
  • listagentofficephone: 2392460679
  • listofficekey: 3yd-FMSWFL-PREFP3
  • listagentstatelicense: 258005694
  • listofficemlsid: PREFP3
  • disclaimer: Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: FMSWFL
  • yearbuilt: 1990
  • listingcontractdate: 2026-09-17
  • listagentfax: 2392103782
  • listagenturl: http://www.mikekochfloridarealestate.com
  • countyorparish: Lee
  • parcelnumber: 33-46-24-W2-02600.0100
  • cooling: Electric, Ceiling Fan(s), Central Air, Zoned
  • constructionmaterials: VinylSiding, WoodFrame
  • flooring: Carpet, Wood, Tile
  • heating: Electric (Heating), Central
  • numberofunitstotal: 2
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Metal
  • waterfrontyn: True
  • franchiseaffiliation: None
  • interiorfeatures: HighSpeedInternet
  • exteriorfeatures: RoomForPool, Storage, WaterFeature
  • waterfrontfeatures: Lake
  • architecturalstyle: Other
  • rooms: Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 4, Bathroom 1
  • otherstructures: Storage
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -81.907715, 26.427614
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Royal Shell Real Estate, Inc.", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"mike@fmbkoch.com", "ListBrokerageCity":"Fort Myers", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Royal Shell Real Estate, Inc.", "ListBrokeragePhone":"2393331774", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"FL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"7205 ESTERO BLVD, UNIT F600 ", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"7205 ESTERO BLVD, UNIT F600 ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"PREFP3", "ListOfficeCity":"Fort Myers", "ListOfficeCountry":"US", "ListOfficeEmail":"mlsnotices@royalshell.com", "ListOfficePostalCode":"33931", "ListOfficeStateOrProvince":"FL", "ListPriceCurrencyType":"USD", "ListingTitle":"ResidentialIncome, Fort Myers Beach, FL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/21697-Indian-Bayou-Dr_Fort-Myers-Beach_FL_33931_M62603-63895?f=listhub&s=FMSWFL&m=2026035822&c=rexren", "MLSModificationTimestamp":"2026-09-17 11:58:51", "Neighborhoods":[{"Description":null, "Name":"FLAMINGO LAKES"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":16960, "TaxDescription":"FLAMINGO LAKES PB 34 PG 53 LOT 10", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 9/17/2026 12:00:43 PM GMT
Source Updated Date: 9/23/2026 12:49:30 PM GMT

Courtesy of: Michael Koch, Royal Shell Real Estate, Inc., mike@fmbkoch.com

Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.