Ideally located within walking distance to the beach, Margaritaville Resort, and downtown Fort Myers Beach, this property sits in one of the island's rare weekly rental zones, making it an exceptional opportunity for investors or second-home buyers. The remodeled 3-bedroom, 2-bath home is currently operating as a successful short-term rental, offering immediate income potential while also serving as a perfect beach retreat. The interior has been recently updated, allowing the next owner to continue generating rental revenue or simply enjoy the property as-is with no requirement to rebuild. For those looking to expand, the property also includes engineer-approved, permit-ready plans for a stunning 5-bedroom, 5-bath elevated coastal home. The proposed design features modern coastal architecture, 10-foot ceilings, expansive indoor and outdoor living spaces, and generous parking designed to maximize both personal use and rental appeal. Whether you continue operating the home as a proven income-producing rental or move forward with redevelopment, this property offers rare flexibility in the center of Fort Myers Beach's ongoing revitalization, just steps from the future rebuilt pier and surrounding redevelopment.