$599,900
$250K PRICE DROP

4874 Pine Island Rd NW Matlacha, FL 33993

Estimated payment $3,623/month

Total Views 4,838
4 Beds
3 Baths
1,202 Sq Ft
$499 Price per Sq Ft

Highlights

  • Pier or Dock
  • Property fronts gulf or ocean
  • Patio
  • Cape Coral High School Rated A-
  • Courtyard
  • Central Heating and Cooling System

About This Home

Welcome to your dream waterfront escape in Matlacha, a unique TRIPLEX boasting not only direct Gulf access but also a wealth of investment potential.
This multi-family residence showcases 3 immaculate units. Each of them it's been meticulously renovated to offer comfort, style and functionality with brand new floors, new kitchen cabinets, appliances and a shared laundry room.
The setup is perfect for those looking to live in one unit while embracing the financial benefits of renting out the other two, providing a smart way to manage retirement finances while enjoying the culture and community of a bustling waterfront locale.
Step outside to discover the vinyl fence surrounding the premises and a solid metal roof for your peace of mind. Whether your passion lies in kayaking, world-class fishing, or simply soaking in the sun, this property has direct access to the Gulf via Matlacha Pass. The wooden deck is the perfect spot for catching snooks or indulging in the quiet joy of sipping the morning coffee.
Your new income property is situated a leisurely stroll away from Matlacha community Park and directly across from the delightful Yucatan Waterfront Bar and Grill, perfect for evenings when cooking feels like too much of a chore. Not to mention, the nearby Publix Super Market ensures that all your daily needs are just a short drive away.
Whether you are looking to enhance your lifestyle or expand your portfolio, this income property promises a blend of leisure and fiscal wisdom you won’t want to miss. Dive into this opportunity and let your investments dreams set sail in historic Matlacha!

Listing Agent

Jose Serrat

Ideal Homes Realty LL License #279594445 Listed on: 02/25/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,725

Year Built

  • Built in 1942

Lot Details

  • 4,966 Sq Ft Lot
  • Lot Dimensions are 50 x 100 x 50 x 100
  • Property fronts gulf or ocean
  • Fenced
  • Rectangular Lot

Home Design

  • Triplex
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1,202 Sq Ft Home
  • 1-Story Property
  • Double Hung Windows
  • Laminate Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Courtyard
  • Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 4 / 3
  • Assessor Parcel Number 24-44-22-01-00003.0040

Community Details

Overview

  • 3 Units
  • Matlacha Subdivision

Recreation

  • Pier or Dock

Pet Policy

  • Pets Allowed

Additional Features

  • Laundry Facilities
  • Operating Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,725

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.114
  • Lot Size: 50 x 100 x 50 x 100
  • Subdivision Name: MATLACHA
  • Architectural Style: Ranch, One Story
  • Building Stories: 1
  • Structure Type: Triplex
  • Year Built: 1942
  • Property Sub Type Additional: Triplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Private Spa: No
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Flooring: Laminate
  • Window Features: Double Hung

Exterior Features

  • Lot Features: Rectangular Lot
  • Pool Private: No
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Wood Frame
  • Exterior Features: Courtyard, Fence, Patio
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Metal

Utilities

  • Laundry Features: Common Area
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Laundry, Pier, See Remarks
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 24-44-22-01-00003.0040
  • Zoning Description: C-1

Rental Info

  • Tenant Pays: See Remarks

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 1200.0

Tax Info

  • Tax Annual Amount: 3724.69
  • Tax Block: 3
  • Tax Lot: 4
  • Tax Year: 2024

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2025 06/21/25 Price Changed $749,000 -11.9% --
02/23/2025 02/23/25 For Sale $850,000 +507.1% --
02/03/2015 02/03/15 Sold $140,000 -6.0% $108 / Sq Ft
01/04/2015 01/04/15 Pending -- -- --
10/21/2014 10/21/14 For Sale $149,000 -- $115 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 225020614

Florida Gulf Coast Multiple Listing Service

Florida Lee County Matlacha 33993

4874 Pine Island Rd NW, Matlacha, FL

This home is located at 4874 Pine Island Rd NW, Matlacha, FL 33993 and is currently priced at $599,900, approximately $499 per square foot. This property was built in 1942. 4874 Pine Island Rd NW is a home located in Lee County with nearby schools including Pine Island Elementary School, Trafalgar Middle School, and Gulf Middle School.

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Florida Gulf Coast Multiple Listing Service The information is being provided by Southwest Florida Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Southwest Florida Multiple Listing Service. All Rights Reserved

Nearby Homes
Listing Agent
Jose Serrat
Section Image
Ideal Homes Realty LL
(239) 426-5057