218 Primo Dr
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218 Primo Dr
2 Unit Apartment Building $3,616,250 CAD ($1,808,125 CAD/Unit) 5.77% Cap Rate Fort Myers Beach, FL 33931
INVESTMENT HIGHLIGHTS
- Pristine WEEKLY VACATION RENTAL SUPLEX in the heart of the island!
EXECUTIVE SUMMARY
Premier Investment Opportunity in Fort Myers Beach! Positioned in the highly desirable North End of Fort Myers Beach, 218 Primo Drive is a rare WEEKLY VACATION RENTAL duplex offering exceptional income potential and seller financing available for added flexibility. This fully remodeled 4-bedroom, 3.5-bath canal-front property is just steps from the sugar-white sands, Times Square, and the newly opened Margaritaville Resort, with the highly anticipated Whale Restaurant set to open at the end of Primo Drive in late 2025—enhancing both demand and long-term value. Investors will appreciate the prime location, providing easy access on and off the island while placing guests within walking distance of top attractions, shops, and dining.
Designed for maximum profitability, the property features brand-new kitchens and baths, impact-rated windows and doors, luxury vinyl plank flooring upstairs, and tile flooring downstairs—ensuring durability and low maintenance. The coastal-chic furnishings and plantation shutters create an inviting, high-end experience that keeps guests coming back year after year. The private resort-style outdoor space includes a beautifully refinished pool and spa, new paver walkways, and lush tropical landscaping, plus a rare boat house with a seating deck overlooking the canal, an attractive and unique amenity in the vacation rental market. The upstairs balcony and spacious covered patio further elevate the outdoor living experience, with composite decking and stair treads chosen for longevity and style.
With strong first-year rental performance, consistent bookings, and five-star guest reviews, this property has already established itself as a sought-after vacation destination. Officially recognized as a legal duplex with all work properly permitted, it offers peace of mind and multiple revenue streams, whether as a full-time vacation rental, owner-occupied investment, or dual-unit rental strategy. The Fort Myers Beach market continues to thrive, and opportunities like this don’t last. Capitalize on the momentum—schedule your private showing today and secure a high-performing investment in one of Florida’s hottest beach destinations!
Designed for maximum profitability, the property features brand-new kitchens and baths, impact-rated windows and doors, luxury vinyl plank flooring upstairs, and tile flooring downstairs—ensuring durability and low maintenance. The coastal-chic furnishings and plantation shutters create an inviting, high-end experience that keeps guests coming back year after year. The private resort-style outdoor space includes a beautifully refinished pool and spa, new paver walkways, and lush tropical landscaping, plus a rare boat house with a seating deck overlooking the canal, an attractive and unique amenity in the vacation rental market. The upstairs balcony and spacious covered patio further elevate the outdoor living experience, with composite decking and stair treads chosen for longevity and style.
With strong first-year rental performance, consistent bookings, and five-star guest reviews, this property has already established itself as a sought-after vacation destination. Officially recognized as a legal duplex with all work properly permitted, it offers peace of mind and multiple revenue streams, whether as a full-time vacation rental, owner-occupied investment, or dual-unit rental strategy. The Fort Myers Beach market continues to thrive, and opportunities like this don’t last. Capitalize on the momentum—schedule your private showing today and secure a high-performing investment in one of Florida’s hottest beach destinations!
PROPERTY FACTS
| Price | $3,616,250 CAD | Building Class | C |
| Price Per Unit | $1,808,125 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 2,652 SF |
| Cap Rate | 5.77% | Average Occupancy | 75% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1978/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.51/1,000 SF |
| Price | $3,616,250 CAD |
| Price Per Unit | $1,808,125 CAD |
| Sale Type | Investment |
| Cap Rate | 5.77% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,652 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built/Renovated | 1978/2024 |
| Parking Ratio | 1.51/1,000 SF |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Wi-Fi
- Grill
- Deck
- Dining Room
- Dock
- Family Room
- Handrails
- Island Kitchen
- Linen Closet
- Pantry
- Patio
- Porch
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Fenced Lot
- Pool
- Waterfront
- Dock
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+3.5 | 2 | - | - |
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PROPERTY TAXES
| Parcel Number | 19-46-24-W4-0060H.0120 | Improvements Assessment | $308,114 CAD |
| Land Assessment | $568,175 CAD | Total Assessment | $1,014,265 CAD |
PROPERTY TAXES
Parcel Number
19-46-24-W4-0060H.0120
Land Assessment
$568,175 CAD
Improvements Assessment
$308,114 CAD
Total Assessment
$1,014,265 CAD
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Alex King Group
218 Primo Dr
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