Renovated Duplex with Water
2498 Bayshore Drive Matlacha, FL 33993
2498 Bayshore Drive, Matlacha, FL, 33993
$525,000
For Sale
$525,000
MULTI_FAMILY - Other - Matlacha, FL
Property Size1,188 SF
Lot Size0.12 Acres
Price / SF$441.92
Days on Market18
Property Features for 2498 Bayshore Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Dining Room, Family Room, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
- Parking features
- RV, Special Needs
- Patio and Porch features
- Porch
- Pets allowed
- Yes
- Interior features
- BuiltInFeatures, FamilyDiningRoom, LivingDiningRoom, MainLevelPrimary, CableTv, WindowTreatments, HighSpeedInternet
- Exterior features
- PrivacyWall, ShuttersElectric, ShuttersManual
- Fencing
- Privacy
- Appliances
- ElectricCooktop, Freezer, Microwave, Refrigerator
- Standard status
- Active
- APN
- 24-44-22-08-00000.1250
- Size
- 1,188 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- ISLAND HARBORS 2ND ADDN PB 9 PG 107 LOT 125
- Tax Annual Amount
- 6207
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
- Water front features
- Navigable Water, Seawall
- Water front
- 1
Building Details
- Year built
- 1968
- Floors in Building
- 1
- Flooring type
- Tile
- Building materials
- Block, Concrete, Stucco
- Roof type
- Metal
- Architectural style
- Other
Listing Agency
Coldwell Banker Realty
(239) 945-1414
1631 Del Prado Blvd S Unit 410, FL
Listed by
Sarah Chido · License #258027774
(239) 940-0848
Added: Jun 30 Checked: Jul 17 at 11:06 am
MLS# 2026027347
Listing URL
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 2498 Bayshore Drive in Matlacha, this renovated duplex offers water-facing views and a concrete exterior described as providing storm protection for the windows and doors. The property also features a heavy-duty metal roof intended to reflect heat. Furnishings are negotiable, supporting an easy transition for an owner-occupant or investor.
The home sits on Matlacha’s bayside, with access to outdoor recreation and local attractions. The remarks indicate proximity to the community park, kayak launches, hiking trails, and fishing flats, and the property is described as being just minutes from Cape Coral and Fort Myers, with grocery stores and major airports nearby.
With a total size of 1,188 square feet on a 0.117-acre lot, the duplex configuration provides two-residence functionality within a compact, renovated footprint.
The home sits on Matlacha’s bayside, with access to outdoor recreation and local attractions. The remarks indicate proximity to the community park, kayak launches, hiking trails, and fishing flats, and the property is described as being just minutes from Cape Coral and Fort Myers, with grocery stores and major airports nearby.
With a total size of 1,188 square feet on a 0.117-acre lot, the duplex configuration provides two-residence functionality within a compact, renovated footprint.
Key Highlights
- Seawall and navigable water frontage with waterfront view from the property
- Built in 1968 with block/ concrete/ stucco construction and a metal roof
- Central cooling and heating (electric) plus electric and central air
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.5k | $19.80 |
| − Vacancy | −$1.1k | −$0.89 |
| EGI | $22.5k | $18.91 |
| − OpEx | −$6.7k | −$5.67 |
| NOI | $15.7k | $13.24 |
1,188 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$224.6K
$196.6K – $262.1K
NOI $15,725 @ 7.0% cap · market cap 3.00%
Second Best
Apartment 5plus
$208.2K
$182.2K – $242.9K
NOI $14,572 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$373.9K
$327.2K – $436.2K
NOI $26,174 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated duplex on Bayshore Drive with concrete storm protection and a heavy-duty metal roof.
Where is this duplex located?
The property is located at 2498 Bayshore Drive Matlacha, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Seawall and navigable water frontage with waterfront view from the property; Built in 1968 with block/ concrete/ stucco construction and a metal roof; Central cooling and heating (electric) plus electric and central air
