tomo logo

$1,180,000

Beds
5
Baths
5.0
sq ft
Unknown

2606 Second St, Matlacha, FL 33993

2606 Second St

MATLACHA, FL 33993

  • 6 days on market
    • Price drop $20,000↓
Waterfront Gem in Historic Matlacha – Five Plex Investment Opportunity Welcome to a rare find in the heart of Matlacha’s historic district, a charming old Florida mullet fishing village that has retained its unique character and laid-back lifestyle. This waterfront property offers a perfect blend of investment potential and dream home possibilities. Property Highlights: • 5 Waterfront Apartments: Fully renovated and in top condition, ready for immediate rental or personal use. • Income Potential: Generates $50,000–$55,000 annually, with a strong 4.5% return on investment. • Double Boat Dock: Features a spacious double boat dock, ideal for boating and fishing enthusiasts. • Spectacular Sunsets: Unwind each evening with breathtaking sunset views from the boat deck. • Future Potential: Rent the property for consistent income while you plan and build your dream home on this stunning waterfront location. Matlacha is the last piece of old Florida living, offering a vibrant arts community, incredible fishing, and serene coastal vibes. This property is more than an investment—it’s your gateway to an unparalleled lifestyle. Don’t miss out on this unique opportunity. Explore this waterfront treasure! This home is marked as located in a historic district but Second Street is NOT which means you are allowed to build there your new dream home on stilts -no worries about flooding- on this superb location

Details

Property type

Quadruplex

Est. home value

$485,593

Lot size

3,485 sq ft

Price per sq ft

Unknown

Year built

1952

Annual property taxes

$4,503.81

Price History

01/31/2025
NABOR

NABOR #225006202

Price change
$1,180,000
-1.67%
01/27/2025
NABOR

NABOR #225006202

Listed
$1,200,000
+410.64%
10/09/2014
NABOR

NABOR #214010852

Sold
$235,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Countrywide Home Loans Inc

Loan start date

July 2006

Original loan amount

$100,000

Est. remaining balance

Not provided

Interest rate

6.67%

Loan type

Credit Line (Revolving)

Seller

Phillip Bell

Lender

Countrywide Home Loans Inc

Loan start date

July 2006

Original loan amount

$100,000

Est. remaining balance

Not provided

Interest rate

6.67%

Loan type

Credit Line (Revolving)

Seller

Phillip Bell

Lender

Countrywide Home Loans Inc

Loan start date

October 2005

Original loan amount

$34,600

Est. remaining balance

Not provided

Interest rate

5.71%

Loan type

Credit Line (Revolving)

Seller

Phillip Bell

Lender

Countrywide Home Loans Inc

Loan start date

October 2005

Original loan amount

$34,600

Est. remaining balance

Not provided

Interest rate

5.71%

Loan type

Credit Line (Revolving)

Seller

Phillip Bell

Lender

Countrywide Home Loans Inc

Loan start date

August 2004

Original loan amount

$292,500

Est. remaining balance

Not provided

Interest rate

6.62%

Loan type

Commercial, 30 year

Seller

Phillip D Bell

Lender

Countrywide Home Loans Inc

Loan start date

August 2004

Original loan amount

$292,500

Est. remaining balance

Not provided

Interest rate

6.62%

Loan type

Commercial, 30 year

Seller

Phillip D Bell

Lender

Suntrust Bank

Loan start date

July 2002

Original loan amount

$50,000

Est. remaining balance

Not provided

Interest rate

6.89%

Loan type

Credit Line (Revolving)

Seller

Phillip Bell

Lender

Suntrust Bank

Loan start date

July 2002

Original loan amount

$50,000

Est. remaining balance

Not provided

Interest rate

6.89%

Loan type

Credit Line (Revolving)

Seller

Phillip Bell

Lender

Com Natl Mtg Corp

Loan start date

February 1999

Original loan amount

$139,929

Est. remaining balance

Not provided

Interest rate

6.69%

Loan type

FHA

Seller

Phillip Bell

Lender

Com Natl Mtg Corp

Loan start date

February 1999

Original loan amount

$139,929

Est. remaining balance

Not provided

Interest rate

6.69%

Loan type

FHA

Seller

Phillip Bell

Lender

Com Natl Mtg Corp

Loan start date

January 1999

Original loan amount

$139,929

Est. remaining balance

Not provided

Interest rate

6.69%

Loan type

FHA

Seller

Phillip Bell

Lender

Com Natl Mtg Corp

Loan start date

January 1999

Original loan amount

$139,929

Est. remaining balance

Not provided

Interest rate

6.69%

Loan type

FHA

Seller

Phillip Bell

Lender

Com Natl Mtg Corp

Loan start date

January 1999

Original loan amount

$139,929

Est. remaining balance

Not provided

Interest rate

6.69%

Loan type

FHA

Seller

Phillip Bell

Lender

Com Natl Mtg Corp

Loan start date

January 1999

Original loan amount

$139,929

Est. remaining balance

Not provided

Interest rate

6.69%

Loan type

FHA

Seller

Phillip Bell

Lender

Com Natl Mtg Corp

Loan start date

January 1999

Original loan amount

$139,929

Est. remaining balance

Not provided

Interest rate

6.69%

Loan type

FHA

Seller

Phillip Bell

Lender

Com Natl Mtg Corp

Loan start date

January 1999

Original loan amount

$139,929

Est. remaining balance

Not provided

Interest rate

6.69%

Loan type

FHA

Seller

Phillip Bell

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

NABOR
$1,250,000
6 bd
|
4 ba
|

1136/1138 SW 47th Ter, Cape Coral, FL 33914

NABOR
$1,200,000
8 bd
|
8 ba
|

429 SW 47th Ter Unit 1, Cape Coral, FL 33914

Price drop
SEF
$1,249,999
4 bd
|
3 ba
|
2,561 sq ft
|
House

302 El Dorado Blvd N, Cape Coral, FL 33993

Status: Active

Tomo last checked: 02/02/2025 at 10:50 AM

Listing updated: 01/31/2025 at 7:45 AM

Listed by: Kurt Melzer, Select Realty Associates, Inc. Phone #: (239) 214-9100

MLS: NABOR #225006202

NABOR logo

Recently listed in MATLACHA

$649,900|3 bd|2.0 ba|House
$425,000|3 bd|1.0 ba|House
$975,000|3 bd|2.0 ba|House
$399,900|2 bd|1.0 ba|House
$869,000|3 bd|2.0 ba|House
$1,000,000|2 bd|2.0 ba|House
$229,000|1 bd|1.0 ba|House