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    Summerland Key, FL
    Multifamily

    Summerland Key, FL Multifamily Properties for Sale

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    Cudjoe Key, FL Big Pine Key, FL Key West, FL Stock Island, FL Marathon, FL Conch Key, FL
    Waterfront Duplex with Dockage
    Updated: May 29
    Waterfront Duplex with Dockage

    596 W Shore Drive, Summerland Key, FL 33042

    $998,000
    2,572 sqft 0.13 AC lot
    Waterfront duplex on a wide, deep boating canal with 60 ft. of dockage (about 30 ft. per side).
    Two‑story multifamily at 594‑596 W. Shore Drive with approximately 1,392 sq. ft. downstairs and 1,180 sq. ft. upstairs.
    Upstairs unit: 2 bedrooms and 1 bathroom; downstairs unit: 3 bedrooms and 2 bathrooms.
    Each unit has its own tiki hut for outdoor entertaining.
    Built in 1963; CBS construction with metal roof, central air, terrazzo and tile flooring.
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    This listing looks promising.

    Here's a quick look at some key insights for

    596 W Shore Drive, Summerland Key, FL 33042

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    • Est. Cap Rate

      4.3%
      NOI ÷ price

    • Est. NOI

      $43K
      Annual

    • Price @ 7% Cap

      $616K
      Suggested

    • Property Type

      Multi-Family Dwellings
      Built 1963
    View Property Analytics
    RV Lot with Seawall Access
    Updated: Oct 17, 2025
    RV Lot with Seawall Access

    Summerland Key, FL 33042

    $465,000
    Active RV rental lot with a 35' concrete seawall and concrete dock
    Includes boat lift and boat ramp for quick boating access
    Concrete pad, dock box, and fish cleaning station included
    Located in the gated Venture Out community on Cudjoe Key
    Community amenities include a marina, heated pool, tennis and pickleball courts, and a community store
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Summerland Key, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Canal-Front Stilt Duplex
    Canal-Front Stilt Duplex

    29678 Enterprise Avenue, Big Pine Key, FL 33043

    $1,295,000
    1,820 sqft 0.17 AC lot

    Stilted duplex with two 2-bedroom units, offering 75 feet of concrete dockage and deep-water boating access.

    View details
    RV Lot with Month-to-Month Income
    RV Lot with Month-to-Month Income

    29859 Overseas Highway lot: 19, Big Pine Key, FL 33043

    $195,000

    Well-maintained RV lot in a Big Pine Key community with a current month-to-month tenant and immediate rental income.

    View details
    RV Lot with Full Hookups
    RV Lot with Full Hookups

    701 Spanish Main Drive, #84, Cudjoe Key, FL 33042

    $480,000

    Buildable RV lot with a new concrete slab, full hookups, and a 35-foot concrete seawall.

    View details
    Waterfront RV Lot
    Waterfront RV Lot

    701 Spanish Main Drive, #432, Cudjoe Key, FL 33042

    $460,000

    Spacious RV lot with dedicated water and sewer hookups, 50/30/20 amp electric, and a private concrete bulkhead.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    RV Lot with Concrete Seawall
    RV Lot with Concrete Seawall

    551-701 Spanish Main Dr, Cudjoe Key, FL 33042

    $430,000

    RV lot in gated community with boating access.

    View details
    Land For Sale
    Land For Sale

    Summerland Key, FL 33042

    $460,000

    Land available in Monroe County.

    View details
    Land For Sale
    Land For Sale

    Summerland Key, FL 33042

    $249,000

    Land available north of US-1, Little Torch, Florida.

    View details
    Land in Little Torch Key
    Land in Little Torch Key

    27935 Tarpon Terrace, Little Torch Key, FL 33042

    $320,000
    0.10 AC lot

    Residential land available in Little Torch Key, Florida.

    View details

    Summerland Key, FL Multifamily Properties Market Trends and Statistics

    Explore 2 multifamily properties for sale in Summerland Key, FL on our real estate platform. These investment opportunities span a total of 2,572 square feet of properties for sale, with an estimated market value of $998,000.

    Sale prices for multifamily properties in Summerland Key, FL start at $998,000, averaging $998,000, and reaching up to $998,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 1
    Mobile home & RV parks 1

    Demographics Overview

    Population 11K
    Population Growth (5Y) -1.0%
    Median Household Income $98,106
    College Educated 49.5%

    High-Yield Neighborhoods for Investment

    Identify Summerland Key submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    33042 $998K

    Taxes & Financing

    Tax Rate (average for all types) 0.81%
    Property Tax per SF $12.32 per SF
    Tax Rate vs County Average 0.07 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Monroe County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Monroe County

    Retail

    Residential Income

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