STRONG INVESTMENT OPPORTUNITY! PROVEN VACATION RENTAL WITH EXCEPTIONAL UPSIDE POTENTIAL! This charming ELEVATED coastal cottage sits on a RARE OVERSIZED 1.5-SIZE LOT and offers the perfect combination of established rental income, personal enjoyment, and future development potential. Located in the highly desirable WEEKLY RENTAL ZONE of Fort Myers Beach, this property boasts a proven history of year-round rental demand, strong REPEAT BOOKINGS, and consistent income production, even with minimal marketing. FRESHLY PAINTED AND READY TO ENJOY! Continue operating as a vacation rental with projected GROSS INCOME POTENTIAL of approximately $100,000 annually, or take advantage of the oversized lot to BUILD A NEW 5-BEDROOM LUXURY VACATION RENTAL with projected GROSS INCOME POTENTIAL exceeding $200,000 annually! The existing home features an OVERSIZED POOL, spacious sun deck, and generous low-maintenance backyard, creating a private tropical retreat ideal for entertaining, relaxing, and enjoying the Florida lifestyle. The lower-level bedroom and full bathroom provide additional flexible space for guests, storage, or future reconfiguration. Whether you're seeking an income-producing investment, a personal beach getaway that helps pay for itself, or an opportunity to develop a high-performing luxury vacation rental, this property offers tremendous versatility and long-term potential. ENJOY IT WHEN YOU WANT, RENT IT WHEN YOU'RE AWAY! Contact the listing agent for rental history, income projections, and development pro forma. One or more photo(s) has been virtually staged, AI generated, or rendered.