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    219 Preston St Upper Matecumbe Ky Islamorada, FL 33036

    New
    For Sale
    $990,000

    Multi-family - Upper Matecumbe Key Islamorada, FL

    Type:Multi Family
    Property size:
    1,766 SF
    Lot size:
    0.19 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 12 at 5:06 pm

    Property Features for 219 Preston St Upper Matecumbe Ky

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Zoning
    SR - Settlers Residential
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    3
    APN
    00401940-000000
    Appliances
    Range, Refrigerator
    Size
    1,766 SF
    Lot size
    0.19 Acres

    Utilities

    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1934
    Building materials
    Frame, Stucco
    Architectural style
    Other

    Coldwell Banker Schmitt Islamorada (305) 664-4470

    Listing agent Patti Stanley (305) 664-4470 License #0427521

    Listing date Dec 10, 2025

    MLS# 617660 Listing URL

    Copyright © 2025 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Islamorada Multifamily Income Property

    Located in the Matecumbe Beach neighborhood on Upper Matecumbe Key, this property features two cottages. The front cottage includes 2 bedrooms and 1 bath with approximately 866 square feet, while the back cottage offers 2 bedrooms and 2 baths with approximately 900 square feet. Situated just off the Old Highway, oceanside, the property is located steps from the ocean, sunrises, sunsets, festivals, the Arts District, Library Beach, Cheeca Lodge, and the Historical Hurricane Monument. The property is zoned SR - Settlers Residential and sits on a lot of 0.19 acres. This property offers the option to live in one cottage and rent the other, or maximize income by renting both. The property is located in the heart of Islamorada's most vibrant and walkable district.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Islamorada
    County
    Monroe
    State
    Florida
    Longitude
    -80.63573
    Latitude
    24.915581

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    FAQs

    What type of property is this?
    Duplex - Two cottages in Islamorada's vibrant, walkable district. Investment opportunity.
    Where is this duplex located?
    The property is located at 219 Preston St Upper Matecumbe Ky Islamorada, FL.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: - Prime Downtown Islamorada Location: Steps to the ocean, sunsets, and walkable to restaurants, festivals, and the Arts District.; - Two Cottages on One Property: Offers flexibility to live in one and rent the other, or rent both for maximum income.; - Sought-After Matecumbe Beach Neighborhood: Located oceanside on Upper Matecumbe Key.
    (305) 664-4470
    Request Owner's contact information
    219 Preston St Upper Matecumbe Ky Islamorada, FL 33036
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    219 Preston St Upper Matecumbe Ky Islamorada, FL 33036
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