Homes for sale - 228 & 230 Apache Street, Tavernier, FL 33070

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Carlos Lorenzo

carlos@carloslorenzore.com +1(786) 251-4823

$ 1,350,000

Est. payment | -/mo

4 Beds

2 Baths

1,500 SqFt

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$ 1,350,000

Est. payment | -/mo

Save

4 Beds

2 Baths

1,500 SqFt

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 $900

Subdivision Indian Waterways (89.0)

MLS Listing ID 617107

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 $8,044

Tax Year 2024

Property Sub-Type Multi-family

Property Description

This could be the peaceful waterfront Keys property that actually ''pays you back''. Located in one of the Upper Keys' most beloved neighborhoods, known locally as 'Indian Mound', this canal front duplex combines Old Florida Keys charm with solid construction and development potential for a savvy buyer. Water access is important in the Keys and it's terrific from this property. With 32' of dockage on a 100' wide turning basin, this location provides a very quick, easy ride to the bay. Tavernier Creek is nearby, so ocean access is a breeze. Built in 1959, the concrete two-unit home has beautiful terrazzo floors and interesting feature walls that ooze Old Florida charm. Each of the two units has two bedrooms and one bath. Both are leased month-to-month by excellent tenants who have been in place for years. The homes are protected by a 5V-crimp Galvalume metal roof, and kept cool by two 2019 A/C systems. Set on an oversized 10,000 sf lot shaded by attractive trees and served by buried power lines. Recognized by the Village of Islamorada, this duplex offers compelling redevelopment and investment options. Owners might choose to sell two valuable market-rate waterfront Transferable Development Rights (TDRs), replace them with early-evacuation affordable housing allocations, and maintain rental income. Another possibility is to sell one TDR and convert the existing duplex into a single-family home, preserving its charm while unlocking long-term residential potential. Or, simply continue enjoying this solid income-producing property as it is, in a peaceful and highly desirable Keys neighborhood.**Buyers must confirm all redevelopment options and details with the Village of Islamorada Planning Department to ensure alignment with current regulations and opportunities**. Combining Old Florida character, reliable income, and flexible future possibilities, this is ideal for anyone who loves Keys charm & income potential. Vacant 7,023 sf lot next door is available separately.

Location

State FL

County Monroe

Area 25 - Plantation Key

Zoning R1M - Residential SF Masonry

Interior

Heating Central Air

Cooling Central Air

Flooring Terrazzo

Furnishings Furnished,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

Listed by Coldwell Banker Schmitt Islamorada

228 & 230 Apache Street Tavernier, FL 33070