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230 Apache Street STREET

Islamorada, FL 33070

$1,250,000 $5,270/Mo

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Overview

Bed

Bath

1,500

Sqft

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 co oled 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.

Property Details

Property Type : Multi-family

Price : $1,250,000

AD Id : 77588968

MLS Id : 619562

Beds : 4

Living Area Size : 1,500

Year Built : 1959

County : Monroe

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 4

Bathroom Information

Total Baths: 2 Full Baths: 2
Interior Features

Appliances: Washer,Range,Refrigerator,Dryer
Roofing Information

Metal Roof

Flooring Information

Terrazzo

Heating & Cooling

Cooling: Central Air Heating: Central Water Front: Yes Canal Front Canal View

Window Information

Window Treatments: Jalousie Windows,Impact Rstnce Doors,Other Windows/Doors,Aluminum Windows

Building Information

Year Built: 1959 Total Units: 0.00 Floor Location: 10560 Construction: CBS,Concrete Security System: No Security Roof: Metal Roof

Lot Information

Lot Dimensions: X Lot SqFt: 10,560 Lot SqFt Source: Survey BK 6 LT 19 AND PT LT 18 INDIAN WATERWAYS PB4-29 PLANTATION KEY
Property Information

SQ ft (Living Area): 1,500 View: Canal View Subdivision: Indian Waterways (89.0)

Listing Price Information

List Price: $1,250,000

Tax Information

Taxes: $8,425 Tax Year: 2025 Parcel Number: 00424390-000000 Tax Exemptions: None

Virtual Tour

Virtual Tour (External Link)
Multi-Unit Information

Pets Allowed: Pets Allowed
Homeowners Association Information

Mandatory Home Owners Asc: No Voluntary Home Owners Asc: Yes 1st Right of Refusal: No Association Fee: $200.00 Assoc/Mnt Fee Per: Yearly

Utility Information

FKAA,Municipal Sewer

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