Two-Unit Duplex with Private
821 Palm St Marco Island, FL 34145
821 Palm St, Marco Island, FL, 34145
$1,800,000
For Sale
$1,800,000
SINGLE_FAMILY - Other - MARCO ISLAND, FL
Property Size3,754 SF
Lot Size0.35 Acres
Price / SF$479.49
Days on Market212
Property Features for 821 Palm St
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Den, Bedroom 3, Bedroom 2, Bedroom 5, Bedroom 1, Bedroom 4, Bathroom 3, Laundry Room, Bathroom 4, Bathroom 2, Bathroom 1
- 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
- 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
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
- Water front features
- Seawall
- Water front
- 1
Building Details
- Year built
- 1987
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Tile, Wood
- Building materials
- Concrete Block, Stucco
- Roof type
- Metal
- Architectural style
- Other
Listing Agency
Premiere Plus Realty Company
(239) 732-7837
9015 Strada Stell Ct. #104, Naples, FL
Listed by
Joe Bartos, PA
(239) 394-3040
Added: Dec 18, 2025 Checked: Jul 18 at 12:06 pm
MLS# 225082012
Listing URL
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.
This two-unit duplex offers two furnished residences with separate, functional layouts. Unit A includes two bedrooms, two bathrooms, and a loft with a full laundry room, plus kitchen, dining, and living areas that open to a balcony. Unit B is newly remodeled and features three bedrooms, two bathrooms, a galley kitchen, and ample living and dining space, along with multiple balconies. Each unit provides private garage access, and the property also includes four separate A/C units with individual water and power connections. A large walk-out basement with storage cabinets and additional A/C units supports extra storage or flexible use.
The property is situated on a corner lot on Palm Street and Edington Place. The grounds include professional landscaping, and the listing notes a pool and water access, along with canal views.
A total of 6+ parking spaces is provided, including two private garages. The duplex is being offered for sale in Marco Island, Florida.
The property is situated on a corner lot on Palm Street and Edington Place. The grounds include professional landscaping, and the listing notes a pool and water access, along with canal views.
A total of 6+ parking spaces is provided, including two private garages. The duplex is being offered for sale in Marco Island, Florida.
Key Highlights
- 2‑unit property in Old Marco with direct Gulf access, seawall, private boat dock, and canal views with frequent osprey activity
- Fully furnished Unit A with 2 bedrooms, private balconies, loft with full laundry room, and balcony in kitchen/dining/living layout
- Newly remodeled Unit B with 3 bedrooms, quartz counters, tile floors, wine cooler, and in‑unit washer & dryer
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Corner duplex includes two furnished units, each with private garage access, multiple A/C units, and separate utilities.
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: 2‑unit property in Old Marco with direct Gulf access, seawall, private boat dock, and canal views with frequent osprey activity; Fully furnished Unit A with 2 bedrooms, private balconies, loft with full laundry room, and balcony in kitchen/dining/living layout; Newly remodeled Unit B with 3 bedrooms, quartz counters, tile floors, wine cooler, and in‑unit washer & dryer
