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Waterfront Duplex with Redevelopment Potential

230 Apache Street Plantation Key, FL 33070

230 Apache Street, Plantation Key, FL, 33070
$1,250,000
For Sale
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$1,250,000

Canal-front duplex in Islamorada with income and redevelopment opportunities.

Property Size1,500 SF
Lot Size0.23 Acres
Price / SF$833.33
AddedApr 16
Days on Market91
Last RefreshMay 27 at 7:44 am

Property Features for 230 Apache Street

General Information

Standard status
Active
Size
1,500 SF
Lot size
0.23 Acres
Property subtype
Multi-Family

Building Details

Year Built
1959

Listing office

Listing date Apr 16, 2026

Source Xome

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 Coldwell Banker Schmitt Islamorada


Investment Insights

Based on property information with market context.

Located in the Indian Mound neighborhood, this canal-front duplex offers a blend of Old Florida charm and future potential. The property features 32' of dockage on a 100' wide turning basin, providing quick and easy access to the bay and Tavernier Creek. Built in 1959, the concrete two-unit home features terrazzo floors and unique accent walls. Each unit offers 2 bedrooms and 1 bath. Both are leased month-to-month to long-term tenants. The home is protected by a 5V-crimp Galvalume metal roof and cooled by two 2019 A/C systems. It sits on an oversized 10,000 sq ft lot with mature trees and buried power lines. Recognized as a duplex, this property offers redevelopment options. An owner could convert the duplex into a single-family home, creating a valuable market-rate waterfront Transferable Development Right (TDR) to sell, or continue operating the duplex as an income-producing property. The property size is 1,500 sq ft.

Key Highlights

  • 32' dockage on a 100' wide turning basin with quick, easy access to the bay and ocean.
  • Duplex recognized by the Village of Islamorada with redevelopment options.
  • Solid income‑producing property with two 2‑bedroom, 1‑bath units leased month‑to‑month to long‑term tenants.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Parking Lot & Garage Hair Salon Electrical Service Pharmacy Auto Parts Store Building Supply (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Daycare Center Computer & Electronic Repair

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

FAQs

What type of property is this?
Duplex - Canal-front duplex in Islamorada with income and redevelopment opportunities.
Where is this duplex located?
The property is located at 230 Apache Street Plantation Key, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 32' dockage on a 100' wide turning basin with quick, easy access to the bay and ocean.; Duplex recognized by the Village of Islamorada with redevelopment options.; Solid income‑producing property with two 2‑bedroom, 1‑bath units leased month‑to‑month to long‑term tenants.
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