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Laurie Keiling

laurie.keiling@engelvoelkers.com +1(305) 363-9484

$ 1,250,000

Est. payment -/mo

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Active

230 Apache Street Islamorada, FL 33070

4 Beds

2 Baths

1,500 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-family

Listing Status Active

Purchase Type For Sale

Square Footage 1,500 sqft

Price per Sqft $833

Subdivision Indian Waterways (89.0)

MLS Listing ID 619562

Style Duplex

Bedrooms 4

Full Baths 2

Construction Status CBS,Concrete

HOA Fees $200/ann

HOA Y/N No

Rental Info With Restrictions

Year Built 1959

Annual Tax Amount $8,424

Tax Year 2025

Lot Size 10,454 Sqft

Acres 0.24

Property Sub-Type Multi-family

Property 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.

Location

State FL

County Monroe

Area 25 - Plantation Key

Zoning R1 - Residential Single Family

Interior

Heating Central Air

Cooling Central Air

Flooring Terrazzo

Furnishings Unfurnished

Appliance Washer, Range, Refrigerator, Dryer

Exterior

Parking Features Open Parking, Off Street Parking

Community Features Community Boat Ramp, Other Area Features

Utilities Available FKAA, Municipal Sewer

Waterfront Description Canal Front

View Canal View

Roof Type Metal Roof

Handicap Access No

Porch Patio

Private Pool No

Building

Sewer Yes

Construction Status CBS,Concrete

Others

SqFt Source Tax Records

Security Features No Security

Pets Allowed Pets Allowed

Virtual Tour https://player.vimeo.com/video/1131254138

Listed by Coldwell Banker Schmitt Islamorada

NEARBY SCHOOLS & PROPERTIES

Laurie Keiling

Advisor | License ID: SL559865

+1(305) 363-9484

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