197 Madison Ct, Fort Myers Beach, FL, 33931
About This Home
Welcome to your fully renovated coastal retreat, perfectly suited as both a vacation home and an exceptional investment opportunity with a very strong rental history. This spacious property comfortably sleeps up to 12 guests and is located in a highly desirable *WEEKLY RENTAL* community with private beach access. Thoughtfully updated throughout, the home features a brand-new kitchen with quartz countertops, new appliances, and beautifully remodeled bathrooms with tiled walk-in showers and frameless glass doors. Additional living space on the lower level offers a versatile bonus room, while the upper-level screened porch and lower-level lanai provide inviting outdoor spaces to relax and entertain. Major improvements completed in 2025 include a brand-new heated pool, new Hardie board siding, a new privacy fence, and a new lower-level HVAC system. The pool equipment has been elevated to help protect against flooding, and both the pool equipment and HVAC are backed by 5-year manufacturer warranties. This property has a proven history of strong weekly rental income and is being offered with the opportunity to convey existing reservations. Whether you’re looking for a personal beach getaway or an income-producing property, this home offers the perfect combination of modern updates, coastal charm, and outstanding rental potential.
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1992
Materials
- Foundation: Raised
- Roof: Metal,Shingle
- Construction materials: Stucco,Wood Frame
Type & Style
- Home type: SingleFamily
- Architectural style: Other,Two Story
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Dishwasher,Electric Cooktop,Disposal,Microwave,Refrigerator,Washer
- Laundry features: Inside
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Features
- Breakfast Bar,Dual Sinks,Eat-in Kitchen,Kitchen Island,Shower Only,Separate Shower,Bathroom,Den
- Window features: Double Hung
- Flooring: Tile
Heating & Cooling
- Heating features: Central,Electric
- Cooling features: Central Air,Ceiling Fan(s),Electric
Interior Area
- Total structure area: 1,558
- Total interior livable area: 1,008 sqft
Property
Details
- Parcel number: 294624W10020A.0050
- Lease amount: 0
- Zoning description: TFC2
Features
- Levels: Two
- Stories: 2
- Private pool: Yes
- Pool features: Concrete,In Ground
- Patio & porch: Balcony,Patio,Screened
- Exterior features: Fence,Outdoor Shower,Other,Patio
- Waterfront features: None
Lot
- Lot size: 3,833 sqft
- Features: Rectangular Lot
- Lot size dimensions: 40 x 100 x 40 x 100
Parking
- Parking features: Driveway,Paved,Two Spaces
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Coastal Flooding
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Lee County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,930 | $59,160 |
| Home Insurance * | $726 | $8,712 |
| Property Taxes | $1,127 | $13,524 |
| Electricity | $197 | $2,366 |
| Total | $6,980 | $83,760 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-01 | Listed for sale | $975,000 |
| 2026-04-20 | Listing removed | $19,514 |
| 2026-04-18 | Listed for rent | $19,514 |
| 2024-08-20 | Sold | $585,000 |
| 2024-07-22 | Pending sale | $634,000 |
| 2024-07-10 | Price change | $634,000 |
| 2024-06-27 | Listed for sale | $644,500 |
| 2021-04-06 | Listing removed | -- |
| 2021-03-22 | Listed for rent | $1,975 |
| 2021-03-05 | Listing removed | -- |
| 2021-02-19 | Listed for rent | $1,975 |
| 2020-07-22 | Listing removed | $1,975 |
| 2020-06-23 | Listed for rent | $1,975 |
| 2003-10-07 | Sold | $275,000 |
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