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Amy Bruggeman

amy@americancaribbean.com +1(305) 619-0818

Listed by Christy Hughes Coldwell Banker Schmitt Islamorada

$ 1,250,000

Est. payment | -/mo

4 Beds

2 Baths

1,500 SqFt

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$ 1,250,000

Est. payment | -/mo

Save Virtual Tour

4 Beds

2 Baths

1,500 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

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

Bedrooms 4

Full Baths 2

HOA Fees $200/ann

HOA Y/N No

Year Built 1959

Annual Tax Amount $8,424

Tax Year 2025

Lot Size 10,560 Sqft

Acres 0.24

Lot Dimensions X

Property Sub-Type Duplex

Land Area 1500

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

Community Other Area Features, Community Boat Ramp

Area 25 - Plantation Key

Zoning R1 - Residential Single Family

Interior

Heating Central

Cooling Central Air

Flooring Terrazzo

Furnishings Unfurnished

Window Features Aluminum Windows,Impact Rstnce Doors,Jalousie Windows,Other Windows/Doors,Shutters

Appliance Dryer, Washer, Range, Refrigerator

Exterior

Parking Features Open, Off Street

Community Features Other Area Features, Community Boat Ramp

Utilities Available FKAA, Municipal Sewer

Waterfront Description Canal Front

Roof Type Metal Roof

Porch Patio

Garage No

Others

HOA Fee Include Common Area Mnt

Tax ID 00424390-000000

Security Features No Security

Pets Allowed Yes

Virtual Tour https://my.matterport.com/show/?m=SaVRUaWYeSe

230 Apache ST Plantation Key, FL 33070

Amy Bruggeman

Key Details

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Interior

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230 Apache ST