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Islamorada Waterfront Family Compound
For Sale
$3,524,000

110 Gulfview Drive, Islamorada, FL 33036

Luxury multi-family property with income potential and resort-style amenities.

Property Size3,524 SF
Price / SF$1,000
Days on Market379

Property Features for 110 Gulfview Drive

General Information

Standard status Active
Size 3,524 SF
Property subtype Residential / Duplex
Zoning R1 - Residential Single Family

Taxes and HOA fees

Annual Taxes $11,822

Amenities

Laundry Room
Tile
Cable
Washer, Stainless Steel Appliance(s), Ice Machine, Gas Appliances, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
Drapes/Blinds Incl, Smoke Alarms, Quartz Countertops, Walk-in Closet(s)
Tankless Hot Wtr Htr, LED Lighting, Programmable Thermst
Concrete Roof
Davit Pads
Panel
Concrete, Combo Construction
Concrete
Sliding Glass Doors
Fencing, Outdoor Shower, Rain Gutters
70

Building Details

Year Built 1999
Listing Agency: EXP Realty, LLC
Listed By: Karen V. Jenkins · License #3395009
Source: Compass
Added: Aug 27, 2025 Changed: Sep 8 Last Checked: Aug 8 at 12:12PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty, LLC

Investment Insights

Based on property information with market context.

Located in the White Marlin Beach community at MM74, this canal-front compound offers autonomy and resort-style amenities. It is suitable for an owner-user, investor, or legacy retreat. The property features two autonomous 2-bedroom, 1-bathroom residences upstairs and a separate 3-bedroom, 2-bathroom finished, air-conditioned area downstairs, providing privacy and flexibility. In total, the compound offers 7 bedrooms and 4 bathrooms, accommodating up to 24 guests. When fully rented, it can generate over $16,000 per month in rental income. The property includes a private pool, an expansive concrete sun deck, an outdoor shower, and a 70-foot concrete dock with a fish-cleaning station, situated on a 6-foot control-depth canal with access to bay and ocean waters. Interior finishes include updated kitchens with quartz countertops and stainless appliances, spa-inspired baths with glass-enclosed showers, large-format tile flooring, recessed lighting, and turnkey furnishings. Multiple balconies and patios capture breezes and water views. Private gated access to White Marlin Beach is a short walk away, offering bay-side sunset views, with the Atlantic Ocean beach also nearby. Grocery stores, marinas, restaurants, and bike paths are within minutes. The property size is 3,524 square feet. Zoning and multiple building rights support future expansion or redevelopment. It can be internally converted to a 3,524 sq ft primary home without structural changes, while retaining a Waterfront Transferable Development Right (TDR/TBR) in Islamorada.

Key Highlights

  • Waterfront property with a 70‑foot concrete dock, fish‑cleaning station, and easy access to the bay and ocean.
  • Multi‑family compound with two autonomous 2BR/1BA residences upstairs and a separate 3BR/2BA finished area downstairs**, offering privacy and flexibility.
  • Strong income potential, capable of generating $16,000+ per month in rental income.

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Auto Repair Shop Law Firm Grocery & Convenience Store Big Box & Wholesale Store Veterinary Clinic Supermarket

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

90
Businesses Nearby

Demographics for 33036, FL

3,541
Population
3,651
Households
1
Avg Household Size
56
Median Age
40%
College-Educated
97%
High-School Grad
5.8 sq mi
ZIP Area
611
Density / Sq Mi
$88,214
Median Household Income
$46,735
Median Earnings
$1,846
Median Rent
$995,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Luxury multi-family property with income potential and resort-style amenities.
Where is this multifamily property located?
The property is located at 110 Gulfview Drive Islamorada, FL.
What is the asking price?
The asking price for this property is $3,524,000.
What are key features of this property?
This property features: Waterfront property with a **70‑foot concrete dock, fish‑cleaning station, and easy access to the bay and ocean**.; Multi‑family compound with two autonomous 2BR/1BA residences upstairs and a separate 3BR/2BA finished area downstairs**, offering privacy and flexibility.; Strong income potential, capable of generating $16,000+ per month in rental income.
More about this property
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