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$925,000

21691 693 Indian Bayou Dr

Fort Myers Beach, FL
Active
4
Bedrooms
2
Bathrooms
0.37
Lot Size (acres)
1984
Year Built
58
Days On Market

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.

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Listing Information

Listing Updated
3 days ago
Listed By
Michael Drake, 2399551881 · Sun Palace Realty, 8133765621
MLS#
2026033476
Source
Multiple Listing Service of Bonita SpringsEstero
Status
Active

Facts & Features

Location

Community Information

Address
21691 693 Indian Bayou Dr, Fort Myers Beach, FL 33931
City
Fort Myers Beach
County
Lee
Neighborhood
FLAMINGO LAKES
Zip Code
33931

Architecture

Bedrooms
4
Bathrooms
2
Stories
2
Year Built
1984
Construction Materials
Wood Siding, Stucco, Cement Siding
Roof
Metal
Levels
Two
Garage Spaces
0

Features & Amenities

Flooring
Laminate, Tile
Patio and Porch
Deck
Cooling
Ceiling Fan(s), Electric
Heating
Electric, Central

Property Features

Lot Size
0.37 Acres
Lot Features
Waterfront
Utilities
Cable Available
Zoning
TFC2

Tax & Financial Information

List Price
$925,000
Annual Taxes
$8,532

Schools

76/100
Amikids Southwest Florida
Grades M–M · 3.4 mi
City
Fort Myers Beach
Students
24
Student–teacher
12.0
Student body
42% White · 33% Black · 21% Hispanic / Latino
Free/reduced lunch
17%
Phone
(239) 765-9696
74/100
Lexington Middle School
Middle · Grades 06–08 · 4.8 mi
City
Fort Myers
Students
1,017
Parent reviews
5.0★ avg · 2 reviews
Student body
54% White · 29% Hispanic / Latino · 12% Black
Free/reduced lunch
53%
Phone
(239) 454-6130
73/100
Fort Myers Beach Elementary School
Elementary · Grades PK–05 · 2.4 mi
City
Fort Myers Beach
Students
90
Parent reviews
5.0★ avg · 1 review
Student body
73% White · 23% Hispanic / Latino · 3% Two or More Races
Free/reduced lunch
47%
Phone
(239) 463-6356

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
09/30/2026Price change$925,000
08/07/2026Listed for sale$970,000

Listed by Michael Drake · Sun Palace Realty · 8133765621

Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, Multiple Listing Service of Bonita SpringsEstero. All rights reserved.

Last Updated: September 30, 2026 at 5:17 PM | Source: Multiple Listing Service of Bonita SpringsEstero | MLS#: 2026033476

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