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    The Largest CRE Database in the US with Over 1 Million Listings

    2859 Cheryl St N, Unit 2 Matlacha, FL 33993

    Sponsored
    For Sale
    $629,000

    MULTI_FAMILY - Other - Matlacha, FL

    Lot size:
    0.23 Acres
    Days on Market:
    1
    Last Refresh:
    Jan 29 at 6:06 am

    Property Features for 2859 Cheryl St N

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1
    Bedrooms
    2
    Bathrooms
    2
    APN
    14-44-22-04-00000.4350
    Pets allowed
    Yes
    Pool private
    1
    Interior features
    HighSpeedInternet
    Exterior features
    OutdoorShower, Storage
    Lot size
    0.23 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Zoned, Central
    Cooling system
    Electric, Zoned, Central Air
    Water front features
    Canal Access, Seawall
    Water front
    1

    Building Details

    Year built
    1976
    Number of units
    2
    Flooring type
    Tile
    Building materials
    Block, Concrete, Stucco
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Traci Harrier

    Uriami Realty LLC (239) 424-8605

    Listing agent Traci Harrier (239) 980-3963 License #258024544

    Listing date Jan 29, 2026

    MLS# 2026004230 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.

    Learn more

    Property Insight Report

    Overview

    Waterfront Duplex with Gulf Access

    This waterfront duplex is located on two lots in Matlacha, Florida, and features 128 feet of waterfront with direct Gulf access. The property includes a 2017 saltwater, solar-heated pool with a tanning ledge, and a 7,000lb covered boat lift with a fish-cleaning station. The duplex consists of two separate living units: a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit, connected by a double-keyed interior door. Each unit has private exterior entrances, paved driveways, and covered ports. Interior features include two full kitchens with upgraded appliances and modern countertops, impact-resistant windows and doors, a shared enclosed lanai and pool area with individual sliding-door access, a common laundry room, and a large storage room. The property has southern exposure on the pool side, providing natural light and sun on the pool throughout the day. Outdoor features include a fully fenced yard with a double gate, an RV-ready side yard with electrical hookups, and a 2020 roof. The design preserves canal views from both units. The property is suited for Airbnb or annual rentals, multi-generational living, or conversion to a single-family residence with a mother-in-law suite. It offers access to fishing, boating, and island lifestyle, and is situated minutes from Matlacha Pass. The lot size is 0.227 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Skin Care Clinic Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Matlacha
    County
    Lee
    State
    Florida
    Longitude
    -82.076275
    Latitude
    26.637116

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    FAQs

    What type of property is this?
    Duplex - Rare Matlacha duplex with pool, boat lift, and Gulf access.
    Where is this duplex located?
    The property is located at 2859 Cheryl St N, Unit 2 Matlacha, FL.
    What is the asking price?
    The asking price for this property is $629,000.
    What are key features of this property?
    This property features: - Rare Waterfront Duplex: 128 feet of waterfront and direct Gulf access.; - Private Pool & Boat Lift: Enjoy the 2017 saltwater, solar-heated pool and a 7,000lb covered boat lift.; - Two Separate Living Units: Includes a 2-bedroom/1-bath unit and a 1-bedroom/1-bath unit.
    (239) 980-3963
    Request Owner's contact information
    2859 Cheryl St N, Unit 2 Matlacha, FL 33993
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    Matlacha, FL 33993
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2859 Cheryl St N, Unit 2 Matlacha, FL 33993
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    We can help!
    Listing Contact
    Traci Harrier
    Real Estate License ID: 258024544
    (239) 980-3963
    Learn more
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