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
Built in 1952
-- sqft lot
$957,800 Zestimate®
$--/sqft
$-- HOA
What's special
Double boat dockWaterfront lotUnforgettable sunsets
- 22 days
- on Zillow |
- 265 |
- 9 |
Zillow last checked: 7 hours ago
Listing updated: June 17, 2025 at 09:40am
Listed by:
Kurt Melzer 239-822-8878,
Select Realty Associates, Inc.
Source: SWFLMLS,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
Cooling
- Central Air
Features
- Flooring: Tile
- Has fireplace: No
Video & virtual tour
Property
Features
- Exterior features: Dock
- Waterfront features: Canal Front, Navigable Water, Seawall
Lot
- Size: 3,484.8 Square Feet
- Features: Regular
Details
- Parcel number: 2444220300004.0060
- Zoning: RM-2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Quadruplex
Materials
- Block, Stucco
- Foundation: Concrete Block
- Roof: Built-Up
Condition
- New construction: No
- Year built: 1952
Utilities & green energy
- Water: Assessment Paid, Central
Community & HOA
Community
- Features: Boating
- Subdivision: CROWS OF MATLACHA
HOA
- Amenities included: Internet Access, See Remarks
Location
- Region: Matlacha
Financial & listing details
- Tax assessed value: $267,424
- Annual tax amount: $4,503
- Date on market: 1/27/2025
- Lease term: Buyer Finance/Cash,Seller Pays Title
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