Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    228 Apache St Plantation Key, FL 33070

    For Sale
    $1,350,000

    Multi-family - Plantation Key, FL

    Type:Multi Family
    Property size:
    1,500 SF
    Days on Market:
    37
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 228 Apache St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Zoning
    R1M - Residential SF Masonry
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    2
    APN
    00424390-000000
    Parking features
    Open
    Appliances
    Dryer, Range, Refrigerator
    Size
    1,500 SF

    Taxes and HOA fees

    Expense value
    200
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Water front features
    Canal Front, Waterfront
    Water front
    1

    Building Details

    Year built
    1959
    Number of units
    2
    Building materials
    Concrete
    Roof type
    Metal
    Architectural style
    Other

    Coldwell Banker Schmitt Islamorada (305) 664-4470

    Listing agent Christy Hughes (305) 664-4470 License #3265558

    Listing date Oct 30, 2025

    MLS# 617107 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

    Waterfront Duplex with Redevelopment Potential

    Located in the Indian Mound neighborhood of Plantation Key, this canal-front duplex offers a blend of Old Florida charm and redevelopment potential. Constructed in 1959, the concrete building features two units, each containing two bedrooms and one bathroom. Both units are currently leased month-to-month to long-term tenants. The property includes 32 feet of dockage on a 100-foot wide turning basin, providing convenient access to the bay and Tavernier Creek for ocean access. The property features terrazzo floors and feature walls. A 5V-crimp Galvalume metal roof protects the homes, which are cooled by two 2019 A/C systems. Set on an oversized 10,000 square foot lot shaded by trees and served by buried power lines, the property offers redevelopment and investment options. The Village of Islamorada recognizes the potential to sell two market-rate waterfront Transferable Development Rights (TDRs), replace them with early-evacuation affordable housing allocations, and maintain rental income. Another option involves selling one TDR and converting the duplex into a single-family home. Buyers should confirm all redevelopment options with the Village of Islamorada Planning Department. The property is ideal for those seeking Keys charm and income potential. The property size is 1,500 square feet. A vacant 7,023 square foot lot next door is available separately.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Plantation Key
    County
    Monroe
    State
    Florida
    Longitude
    -80.5235
    Latitude
    25.0103

    Nearby Similar for Sale

    • New
      $35,000,000

      Turnkey Marina and Boat Sales

      Fully operational marina and boat sales facility in Plantation Key.
      90400 Overseas Hwy, Plantation Key, FL 33070
      View Details
    • $1,195,000

      Two-Story Office Building in Islamorada

      Two-story Key West-inspired building with income potential in Islamorada.
      88101 Old Hwy, Plantation Key, FL 33036
      View Details
    • $1,100,000
      1,152 SF

      Oceanfront Townhome with Boat Slip

      Boutique oceanfront community with boat slip and rooftop deck.
      136 Aregood Ln, Plantation Key, FL 33036
      View Details
    • $1,439,000
      0.29 Acres

      Waterfront Double Lot Opportunity

      Rare opportunity to build on a huge waterfront double lot.
      140 Gardenia St, Plantation Key, FL 33070
      View Details
    • $6,995,000

      Unique Marina & Resort Opportunity

      Marina and resort with deep water access in Islamorada, Florida.
      200 Treasure Hbr Dr, Plantation Key, FL 33036
      View Details
    • $1,499,000

      Tavernier Business Center on US-1

      Prime commercial property in Tavernier's business district with US-1 frontage.
      91760 Overseas Hwy, Plantation Key, FL 33070
      View Details

    FAQs

    What type of property is this?
    Duplex - Canal-front duplex in Plantation Key with income and redevelopment opportunities.
    Where is this duplex located?
    The property is located at 228 Apache St Plantation Key, FL.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - Waterfront property with **32' dock on a wide turning basin, providing quick access to the bay and ocean.**; - Income-producing duplex with two 2-bedroom, 1-bath units, currently leased to long-term tenants.; - Redevelopment potential with options to sell Transferable Development Rights (TDRs) or convert to a single-family home.
    (305) 664-4470
    Request Owner's contact information
    228 Apache St Plantation Key, FL 33070
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    228 Apache St
    Plantation Key, FL 33070
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    228 Apache St Plantation Key, FL 33070
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.