Exceptional Investment Opportunity in Matlacha – Waterfront Five-Plex with 6%+ ROI Potential
Discover a rare chance to own a prime piece of Matlacha’s historic charm with the potential for a 6% or higher return on your investment. Nestled in the heart of this iconic old Florida fishing village, this fully renovated five-unit waterfront property offers a unique combination of solid income, future development potential, and the laid-back lifestyle that defines Matlacha.
Property Highlights:
• Five Turnkey Waterfront Apartments: Completely updated and in excellent condition—ready for immediate rental or personal use.
• Strong Income Stream: Currently generating between $50,000–$55,000 annually, with room for growth.
• Double Boat Dock: Spacious dock perfect for boaters, anglers, or simply enjoying the peaceful water views.
• Unforgettable Sunsets: Relax every evening with stunning west-facing sunsets right from your deck.
• Build Your Dream Home: Take advantage of consistent rental income while planning your custom stilt home on this waterfront lot. Although located in a historic area, Second Street is not within the officially designated historic district, meaning you’re free to build without restrictive guidelines—ideal for elevated construction with flood protection.
Matlacha is one of the last untouched gems of old Florida, known for its vibrant art scene, world-class fishing, and tight-knit coastal community. This property offers far more than just a smart investment—it’s an invitation to embrace a unique way of life.
Don’t miss this waterfront treasure—schedule your showing today!
Active
$995,000
2606 2nd St, Matlacha, FL 33993
5beds
--sqft
Est.:
Quadruplex, Multi Family
Built in 1952
-- sqft lot
$980,800 Zestimate®
$--/sqft
$-- HOA
What's special
Double boat dockUnforgettable sunsetsTurnkey waterfront apartments
- 50 days
- on Zillow |
- 199 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: June 17, 2025 at 09:38am
Listed by:
Kurt Melzer 239-822-8878,
Select Realty Associates, Inc.
Source: Florida Gulf Coast MLS,MLS#: 225006202
Originating MLS: Florida Gulf Coast

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Central, Electric
Cooling
- Central Air, Electric
Features
- High Speed Internet
- Flooring: Tile
- Windows: Single Hung
Interior area
- Total structure area: 0
Video & virtual tour
Property
Features
- Stories: 1
- Exterior features: Other
- Waterfront features: Canal Access, Navigable Water, Seawall
Lot
- Size: 3,484.8 Square Feet
- Dimensions: 50 x 70 x 50 x 70
- Features: Rectangular Lot, Cul-De-Sac, Dead End
Details
- Parcel number: 2444220300004.0060
- Lease amount: $0
- Zoning description: RM-2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other,Ranch,One Story,See Remarks
- Property subtype: Quadruplex, Multi Family
Materials
- Block, Concrete, Stucco
- Roof: Built-Up,Flat
Condition
- Resale
- Year built: 1952
Utilities & green energy
- Sewer: Assessment Paid, Public Sewer
- Water: Assessment Paid, Public
- Utilities for property: Cable Available
Community & HOA
Community
- Features: Boat Facilities
- Subdivision: CROWS OF MATLACHA
HOA
- Has HOA: Yes
- Amenities included: Other, See Remarks
- Membership fee: $0
Location
- Region: Matlacha
Financial & listing details
- Tax assessed value: $267,424
- Annual tax amount: $4,503
- Date on market: 1/27/2025
- Listing terms: All Financing Considered,Cash
- Tenant pays: Credit Check, Cable TV, Departure Cleaning, Electricity, Internet, Telephone, Water
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