230 Apache Street,ISLAMORADA, FL 33070
ISLAMORADA, FL 33070
Description
This could be the kind of peaceful waterfront Keys property that actually pays you back. Located in one of the Upper Keys' most beloved neighborhoods locally known as 'Indian Mound' this canal-front duplex blends Old Florida charm with solid construction and real future potential. Water access is a big deal in the Keys, and it's excellent here. With 32' of dockage on a 100' wide turning basin, you'll have quick, easy access to the bay. Tavernier Creek is just around the corner, making ocean runs simple. Built in 1959, the concrete two-unit home features terrazzo floors and unique accent walls that give it that classic Old Florida feel. Each unit offers 2 bedrooms and 1 bath. Both are leased month-to-month to long-term tenants. The home is protected by a 5V-crimp Galvalume metal roof and cooled by two 2019 A/C systems. It sits on an oversized 10,000 sq ft lot with mature trees and buried power lines. Recognized as a duplex by the Village of Islamorada, this property offers compelling redevelopment options. An owner could convert the duplex into a single-family home, creating a valuable market-rate waterfront Transferable Development Right (TDR) to sell. Or, continue operating the duplex as a solid income-producing property in a quiet, highly desirable neighborhood. Old Florida character, dependable income, and flexibility for the future - this is a smart fit for someone who values both lifestyle and return. Vacant 7,023 sq ft lot next door is available separately.
Details
| MLS # | 619562 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| HOA Dues | $200 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1959 |
| Days On Site | 129 |
| Listing Provided By | Coldwell Banker Schmitt Islamorada | Christy Hughes |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,500 |
| Zoning | R1 - Residential Single Family |
| Acreage | 0.24 |
| Water Front | Yes |
| Property View | Canal |
Taxes
| Property | 8424 |
|---|
Area Information
| State | FL |
|---|---|
| County | Monroe |
| City | ISLAMORADA |
| Zip Code | 33070 |
| Area | 25 Plantation Key |
| Community Name | Indian Waterways (89.0) |
| Listing VS Median (in Indian Waterways (89.0)) | |
Price: $1,250,000 low | high Med: $1,895,000 sqft: 1,500 low | high Med: 1,702 $ / sqft: $833 low | high Med: $1,113 On site: 129 low | high Med: 224 | |
Market Activity 33070
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The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
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Learn More About This Property
| State | FL |
|---|---|
| County | Monroe |
| City | ISLAMORADA |
| Zip Code | 33070 |
| Area | 25 Plantation Key |
| Community Name | Indian Waterways (89.0) |
| Listing VS Median (in Indian Waterways (89.0)) | |
Price: $1,250,000 low | high Med: $1,895,000 sqft: 1,500 low | high Med: 1,702 $ / sqft: $833 low | high Med: $1,113 On site: 129 low | high Med: 224 | |
