Waterfront Short-Term Rental
New
For Sale
$610,000
22649 & 22645 & Land NE 105TH AVENUE Road, Fort Mc Coy, FL 32134
Residential Income, FORT MC COY, FL
Property Size2,186 SF
Lot Size1.93 Acres
Price / SF$279.05
Days on Market4
Property Features for 22649 & 22645 & Land NE 105TH AVENUE Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R4
Patio and Porch features
Porch
Interior features
Ceiling Fans(s), Eat-in Kitchen, Open Floorplan, Solid Wood Cabinets
Exterior features
Outdoor Grill, Outdoor Shower, Private Yard
Basement
Crawl Space
Appliances
Dryer, Range, Refrigerator, Washer
Subdivision
ISLAND LAKE ESTATES UNIT
Lot features
Private, Unpaved
View
Lake, Water
Elementary school
Fort McCoy School (K-8)
Middle school
Ft McCoy Middle
High school
North Marion High School
Directions
From NE Highway 315, turn onto NE 220th Street/NE 220th Lane. Follow the road as it curves right and becomes NE 106th Avenue. Bear left onto NE 222nd Place Road, then bear right onto NE 105th Avenue Road (private dirt road). Continue to the first gated driveway on the left at 22649 NE 105th Avenue Road. This is the existing entrance serving the two lakefront homes and adjoining vacant parcel.
Standard status
Active
APN
04374-000-00
Size
2,186 SF
Lot size
1.93 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 03 TWP 12 RGE 23 COM AT NW COR OF NE 1/4 OF SW 1/4 OF NE 1/4 OF SEC 3 TH S 00-08-30 E 283.3 FT TH N 89-05 W 100 FT TH S 67-34-30 W 169.3 FT FOR POB TH S 14-18-30 E 279.5 FT AT WATERS EDGE TH S 54-03-30 W 100 FT TH N 28-04-30 W 257.5 FT TH N 52-27 -30 E 168 FT TO POB.
Tax Annual Amount
2812
Legal Description
SEC 03 TWP 12 RGE 23 COM AT NW COR OF NE 1/4 OF SW 1/4 OF NE 1/4 OF SEC 3 TH S 00-08-30 E 283.3 FT TH N 89-05 W 100 FT TH S 67-34-30 W 169.3 FT FOR POB TH S 14-18-30 E 279.5 FT AT WATERS EDGE TH S 54-03-30 W 100 FT TH N 28-04-30 W 257.5 FT TH N 52-27 -30 E 168 FT TO POB.
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Well, Private
Water front features
Lake Front
Water front
1
Amenities
screened porch
wooden dock
concrete boat ramp
Building Details
Year built
1952
Floors in Building
1
Building materials
HardiPlank Type, Frame, Wood Siding
Roof type
Metal
Listing Agency:
RE/MAX 200 REALTY · RE/MAX International
(407) 629-6330
Listed By:
Tom Langmann
(321) 229-2041
Added: Oct 21
Changed: Oct 24
Last Checked: Oct 24 at 4:06AM
MLS# O6451985
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1.93-acre waterfront offering brings together three adjoining parcels, two furnished homes, and a wooded lot. The larger residence has 2 bedrooms and 2 bathrooms, with a vaulted ceiling, wood interior details, an open living and kitchen area, and a screened porch. The second home has 1 bedroom and 1 bathroom, plus a kitchen, dining area, screened porch, and attached laundry shed. Both homes have hosted paying guests. A wooden dock and concrete boat ramp are among the waterfront improvements; the third parcel is approximately 0.44 wooded acres and includes approximately 90 feet of lake frontage.
The properties have approximately 300 feet of combined frontage on Miles Kale Lake and are zoned R4. All three parcels front NE 105th Avenue Road, an unpaved private road. The homes currently share a driveway across the larger home's parcel, and separate entrances have not been built. Recorded access rights are under title review.
The properties have approximately 300 feet of combined frontage on Miles Kale Lake and are zoned R4. All three parcels front NE 105th Avenue Road, an unpaved private road. The homes currently share a driveway across the larger home's parcel, and separate entrances have not been built. Recorded access rights are under title review.
Key Highlights
- Three adjoining parcels total 1.93 acres
- Approximately 300 feet of combined lake frontage
- Furnished homes include a 2‑bedroom, 2‑bathroom house and a 1‑bedroom, 1‑bathroom cottage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,769
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,380
$635.4K
Cap Rate 7%
$453,843
$453.8K
Cap Rate 9%
$352,989
$353.0K
Market Conditions
NOI Build-Up for 2,186 SF
Gross rent
$61.6K $28.20/SF
− Vacancy
−$3.9K −$1.78/SF
EGI
$57.8K $26.42/SF
− OpEx
−$26.0K −$11.89/SF
NOI
$31.8K $14.53/SF
Area
Marion County, FL
Vacancy
6.30%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,380
Cap Rate 7%
$453,843
Cap Rate 9%
$352,989
Alternative Uses
Best Use
Apartment 5plus
$453.8K
$397.1K – $529.5K
NOI $31,769 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,560 @ 7.0% cap · market cap 13.70%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
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Business Placement
Demographics for 32134, FL
7,938
Population
5,671
Households
1.4
Avg Household Size
55
Median Age
11%
College-Educated
84%
High-School Grad
267.8 sq mi
ZIP Area
30
Density / Sq Mi
$46,429
Median Household Income
$29,095
Median Earnings
$643
Median Rent
$145,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Three adjoining R4-zoned parcels include two furnished homes and a separate wooded waterfront lot.
Where is this short term rental property located?
The property is located at 22649 & 22645 & Land NE 105TH AVENUE Road Fort Mc Coy, FL.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Three adjoining parcels total 1.93 acres; Approximately 300 feet of combined lake frontage; Furnished homes include a 2‑bedroom, 2‑bathroom house and a 1‑bedroom, 1‑bathroom cottage
