Active

230 Apache Street STREET

Islamorada, FL 33070
Mark as Favorite
Bed 4

Bed

Bath 2

Bath

SqFt1,500

Sqft

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.

Read More Expand

Detail Ic 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 Map

Map

Map What's Nearby

Map Nearby Areas

Feature 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

  • 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
Sell a home like this and save $74,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

ByOwner last updated this listing 06/08/2026 @ 12:14

MLS: 619562 LISTED BY: Christy Hughes , Coldwell Banker Schmitt Islamorada 305-664-4470 SOURCE: Florida Keys MLS, Inc.

Selling? Save $74,501 when you sell a home like this

Tour with a ByOwner Agent