Waterfront Compound in Lower
110 Gulfview Drive, Islamorada, FL 33036
MULTI_FAMILY - Lower Matecumbe, FL
Property size:
3,524 SFLot size:
0.16 AcresPrice / SF:
$1,000/SF- Added:
- Feb 16, 2026
- Days on Market:
- 95
- Last Refresh:
- May 22 at 2:06 pm
Property Features for 110 Gulfview Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R1 - Residential Single F
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 6, Bathroom 3, Bedroom 7, Bathroom 4, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 4
- Parking features
- Open
- Patio and Porch features
- Patio, Porch
- Pets allowed
- Yes
- Pool private
- 1
- Interior features
- Smart Thermostat, Walk-in Closet(s), Quartz Countertops
- Exterior features
- Fencing, Rain Gutters, Outdoor Shower
- Fencing
- Fenced
- Appliances
- Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Disposal, Gas Appliances, Ice Machine, Stainless Steel Appliance(s)
- Standard status
- Active
- Size
- 3,524 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- BK C LT 3 WHITE MARLIN BEACH SEC-1 LOWER MATECUMBE KEY PB3-184 OR375-553/554 OR712-873 OR855-1500 OR1067-192 OR2882-119
- Tax Annual Amount
- 11822
Utilities
- Utilities
- Cable Available
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
- Water front
- 1
Building Details
- Year built
- 1999
- Floors in Building
- 1
- Flooring type
- Tile
- Building materials
- Concrete, Combo Construction
- Roof type
- Concrete
Listing agent Karen V. Jenkins License #3395009 (954) 234-5618
Listing office EXP Realty, LLC 10752 Deerwood Park Blvd. Ste 100, Jacksonville, FL (888) 883-8509
Listing date Feb 16, 2026
MLS# 618670
Listing URL
Copyright © 2026 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.
HighLights
- Waterfront property with a Transferable Development Right (TDR/TBR) in Islamorada (approx. $650K value).
- Multi‑family compound featuring two autonomous 2BR/1BA residences upstairs and a separate 3BR/2BA finished area downstairs.
- Strong income potential, generating $16,000+ per month in rental income when fully rented.
- Resort‑style waterfront amenities including a private pool, expansive sun deck, outdoor shower, and 70‑foot concrete dock with fish‑cleaning station.
- Located in the White Marlin Beach community with private gated access to the bay‑side beach and close proximity to the Atlantic Ocean beach.
- Updated interior with modern coastal finishes, including quartz countertops, stainless steel appliances, and spa‑inspired bathrooms.
Overview
Located in the White Marlin Beach community, this canal-front compound offers autonomy and income potential. The property includes two 2-bedroom, 1-bathroom residences upstairs and a separate 3-bedroom, 2-bathroom finished, air-conditioned area downstairs. In total, the compound offers 7 bedrooms and 4 bathrooms. When fully rented, it can generate over $16,000 per month in rental income. The property is zoned R1 - Residential Single F, and multiple building rights support future expansion or redevelopment. Outdoors, a private pool, expansive concrete sun deck, outdoor shower, and a 70-foot concrete dock with fish-cleaning station are situated on a 6-foot control-depth canal, providing 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 offer water views. Private gated access to White Marlin Beach is a short walk away. Grocery stores, marinas, restaurants, and bike paths are nearby. The property size is 3,524 square feet on a lot of 0.1607 acres. 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.
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
Location Insight
- Map
- Local Demand
- City
- Islamorada
- County
- Monroe
- State
- Florida
- Longitude
- -80.7309202
- Latitude
- 24.856817
Nearby Similar for Sale
FAQs
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 Transferable Development Right (TDR/TBR) in Islamorada (approx. $650K value).; Multi‑family compound featuring two autonomous 2BR/1BA residences upstairs and a separate 3BR/2BA finished area downstairs.; **Strong income potential, generating $16,000+ per month in rental income when fully rented.**
