588/590 Palermo Circle, Fort Myers Beach, FL 33931

Fort Myers Beach
Local realty services provided by:ERA Real Solutions Realty
588/590 Palermo Circle,Fort Myers Beach, FL 33931
$3,799,000
  • 11 Beds
  • 8 Baths
  • 4,080 sq. ft.
  • Multi-family
  • Active
Listed by: dennis wagaman
Office: realty one group mvp
MLS#:226040294
Source:FL_GFMB

Price summary

  • Price:$3,799,000
  • Price per sq. ft.:$931.13

About this home

6.77% CAP RATE AT THE LIST PRICE! 7 TURNKEY ISLAND RENTALS. ONE COMPELLING, CASH-FLOWING INVESTMENT. WELCOME TO PALERMO PARADISE! AN ESTABLISHED SHORT-TERM RENTAL OPERATION WITH DOCUMENTED INCOME AND FUTURE RESERVATIONS ALREADY IN PLACE—INVEST YOUR MONEY WHERE THE BOOKINGS ARE! BEAUTIFULLY AND FULLY UPDATED ACCOMMODATIONS WITH 11 BEDROOMS AND 7½ BATHS! YOUR GUESTS CAN UNPACK, UNWIND, AND WALK TO THE BEACH, RESTAURANTS, SHOPPING, NIGHTLIFE, THE PIER AREA, AND ICONIC FORT MYERS BEACH ATTRACTIONS! AMPLE PRIVATE OFF-STREET PARKING MAKES ARRIVAL EASY—AND THIS WALKABLE ISLAND LOCATION MAKES LEAVING THE CAR BEHIND EVEN EASIER! Buy the business behind the beach days. Seven beautifully updated island rentals. Documented rental income. Cash flow already underway. Palermo Paradise is a turnkey, operating investment offering a 6.77% CAP rate at the list price—and a compelling reason to take a closer look. Guests walk to the beach, The Whale, Margaritaville, shopping, nightlife, and the pier...

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Home facts

  • Year built:1937
  • Subdivision & Development:VENETIAN GARDENS
  • Listing ID #:226040294
  • Added:1 day(s) ago
  • Updated:November 13, 2026 at 05:53 AM

Rooms and interior

  • Bedrooms:11
  • Total bathrooms:8
  • Full bathrooms:7
  • Half bathrooms:1
  • Flooring:Tile
  • Living area:4,080 sq. ft.

Structure and exterior

  • Roof:Metal, Shingle
  • Year built:1937
  • Building area:4,080 sq. ft.
  • Lot area:0.27 Acres
  • Architectural Style:One Story, Ranch, Two Story
  • Construction Materials:Block, Concrete, Stucco, Wood Frame, Wood Siding
  • Exterior Features:Courtyard, Outdoor Grill
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,799,000
  • Price per sq. ft.:$931.13
  • Tax amount:$6,285 (2025)

Features and amenities

  • Pool features:Concrete, Electric Heat, Heated, In Ground, Salt Water
The source of the information about real property available for sale or rent is the copyrighted and proprietary database of the Florida Gulf Coast Multiple Listing Service, Inc.. Copyright 2026 Florida Gulf Coast Multiple Listing Service, Inc.; all rights reserved. The data is provided by the IDX Program, and the Information is Deemed Reliable But Not Guaranteed.

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