11306 Matlacha Avenue
About This Property
An extensive dock is already in place, perfect for boating, kayaking, or simply enjoying the serene waterfront setting. The lot has been cleared and is ready for your custom home to be built. Located in a close-knit island community, the property is within easy walking distance to local restaurants, shops, and galleries. Matlacha is actively coming back to life, with businesses reopening and the island's unique charm returning stronger than ever. Sold As-Is, cash only. Motivated seller-bring your vision and create your waterfront escape.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 19, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| May 13, 2025 | Listed by Re/Max Sunshine | $299,900 | |
| Listed by Re/Max Sunshine | |||
| Apr 3, 2025 | Listed by Re/Max Sunshine | $300,000 | |
| Listed by Re/Max Sunshine | |||
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Just needs some love and a full rehab! ****DIRECT SAILBOAT ACCESS*** Deep water and less than a minute out to the beautiful waters of Matlacha Pass and out to the Gulf! intersecting canal with the most beautiful sunset and views with a very vibrant wildlife - eagles, dolphins and manatees thrive in this area and it is one of the best places to fish. The home has 2 bedrooms, 2 living areas, a crows nest and beautiful patios, extensive dock, and views of mangroves. Be part of the vibrant close knit island community and walk everywhere! Matlacha is coming back to life, restaurants and businesses are starting to reopen after Hurricane Ian and although this was flooded, it has been professionally remediated and down to the studs - an open canvas for your vision. Located in the heart of Matlacha and easy walking distance everywhere! Cash only and sold As-IS. Motivated Seller!
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| Mar 16, 2025 | No longer available | - | |
| No longer available | |||
| Feb 10, 2025 | Price Decreased |
$300,000
↓ $95K
(24.1%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017