Duplex With Private Pool and Boat
For Sale
$1,800,000
821 Palm St, Marco Island, FL 34145
SINGLE_FAMILY - Other - MARCO ISLAND, FL
Property Size3,754 SF
Lot Size0.35 Acres
Price / SF$479.49
Days on Market226
Property Features for 821 Palm St
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Den, Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 1, Laundry Room, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 3, Bedroom 5
Parking
2
Parking features
Driveway
Patio and Porch features
Deck
Pets allowed
Yes
Pool private
1
Interior features
Built-In Cabinets
Exterior features
Boat Dock Private, Balcony, Screened Balcony
Appliances
Dishwasher, Dryer, Microwave, Refrigerator/Icemaker, Washer
Subdivision
MARCO ISLAND
Lot features
Oversize, Oversize
Elementary school
TOMMIE BARFIELD
Middle school
MANATEE MIDDLE
High school
MARCO ISLAND ACADEMY
Standard status
Active
APN
64611200002
Size
3,754 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
OLD MARCO VILLAGE BLK 1 LOT 38 OR 1213 PG 644
Tax Annual Amount
13206
Legal Description
OLD MARCO VILLAGE BLK 1 LOT 38 OR 1213 PG 644
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water front features
Seawall
Water front
1
Amenities
pool
water access
canal views
professional landscaping
private balconies
walk-out basement
Building Details
Year built
1987
Floors in Building
2
Number of units
2
Flooring type
Wood, Carpet, Tile
Building materials
Concrete Block, Stucco
Roof type
Metal
Architectural style
Other
Listing Agency:
Premiere Plus Realty Company
(239) 732-7837
Listed By:
Joe Bartos, PA
(239) 394-3040
Added: Dec 18, 2025
Changed: Aug 1
Last Checked: Aug 1 at 2:06PM
MLS# 225082012
Copyright © 2026 Naples Area 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.
Investment Insights
Based on property information with market context.
Duplex offering two fully furnished units on a corner setting in Old Marco. Each unit has a spacious layout and access to a private garage. Unit A includes 2 bedrooms, 2 bathrooms, and a loft with a full laundry room, plus kitchen, dining, and living areas with a balcony; the unit is described as awaiting potential remodel. Unit B is newly remodeled with quartz counters, tile floors, a wine-cooler, and washer and dryer, and includes 3 bedrooms with 4 balconies, 2 bathrooms, a galley kitchen, and ample living and dining space.
Both units have direct waterfront context with canal views and frequent osprey activity, along with pool access and direct access to the Gulf of America. The property includes a private boat dock, screened balcony features, and professional landscaping. There are four separate A/C units, plus individual water and power connections for each unit, supporting independent utilities. Parking is described as 6+ spaces, including two private garages. Additional features include a large walk-out basement with storage cabinets and an included metal roof. Construction materials are concrete block and stucco, with built-in cabinets and interior flooring of wood, carpet, and tile. Built in 1987, the property sits on a 0.35-acre lot.
Both units have direct waterfront context with canal views and frequent osprey activity, along with pool access and direct access to the Gulf of America. The property includes a private boat dock, screened balcony features, and professional landscaping. There are four separate A/C units, plus individual water and power connections for each unit, supporting independent utilities. Parking is described as 6+ spaces, including two private garages. Additional features include a large walk-out basement with storage cabinets and an included metal roof. Construction materials are concrete block and stucco, with built-in cabinets and interior flooring of wood, carpet, and tile. Built in 1987, the property sits on a 0.35-acre lot.
Key Highlights
- Two furnished units with private garage access for each unit
- Private pool plus private boat dock and seawall waterfront features
- Four separate A/C units and individual water and power connections for each unit
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 | $83.3k | $22.20 |
| − Vacancy | −$4.1k | −$1.10 |
| EGI | $79.2k | $21.10 |
| − OpEx | −$23.8k | −$6.33 |
| NOI | $55.5k | $14.77 |
3,754 SF · lease $22.20/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$792.2K
$693.2K – $924.3K
NOI $55,455 @ 7.0% cap · market cap 3.08%
Second Best
Apartment 5plus
$728.1K
$637.1K – $849.5K
NOI $50,969 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,466 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Explore this area
Business Placement
Demographics for 34145, FL
15,717
Population
18,436
Households
0.9
Avg Household Size
66
Median Age
48%
College-Educated
97%
High-School Grad
16.3 sq mi
ZIP Area
964
Density / Sq Mi
$104,105
Median Household Income
$53,813
Median Earnings
$1,955
Median Rent
$866,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two furnished units with private garages, a private pool, and private boat dock on canal with seawall access.
Where is this duplex located?
The property is located at 821 Palm St Marco Island, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Two furnished units with private garage access for each unit; Private pool plus private boat dock and seawall waterfront features; Four separate A/C units and individual water and power connections for each unit
