Tucked in the heart of Matlacha — a colorful, historic fishing village and one of Southwest Florida’s most beloved weekend and snowbird destinations — this classic 1950s duplex offers a rare combination: authentic Old Florida character with real, flexible income potential. Anglers, artists, and island seekers have made this stretch of Pine Island a year-round draw, and this property is built to capture it. The layout offers genuine flexibility for a new owner: live in one side and rent the other for steady supplemental income, or lease both units for a fully income-producing investment property. The duplex has demonstrated success running both models — a long-term tenancy on one side alongside active short-term/vacation rental income on the other. The configuration allows the property to adapt as your plans change. This is not another cookie-cutter Florida property. It is a waterfront Matlacha duplex in a destination known for its brightly colored cottages, locally owned restaurants, art galleries, live music, fishing, boating, kayaking, and relaxed island atmosphere. Guests and tenants can experience the charm of village life while remaining conveniently connected to Pine Island, Cape Coral, Fort Myers, and the surrounding Southwest Florida communities. The waterfront setting and dock access add another layer of appeal for boaters, anglers, paddlers, and vacationers searching for an authentic coastal experience. Morning coffee by the water, afternoons exploring Matlacha Pass, and evenings enjoying fresh seafood and live entertainment are all part of the lifestyle this property can help provide. Properties with this much character, direct gulf access, and rental flexibility are increasingly difficult to find in Matlacha. Whether you are searching for a Southwest Florida investment property, a waterfront duplex, a seasonal escape, or a home that can help offset its own expenses, this property deserves serious consideration. Own a piece of historic Matlacha, generate income, and enjoy the laid-back island lifestyle that continues to draw visitors and residents back year after year. Schedule your private showing and explore the possibilities this distinctive waterfront property offers.
Multi-familyProperty Type
1950Year Built
3,528 sq ftLot Size
Listed by Stephen M. Longest• Coldwell Banker Realty
MULTIPLE OFFERS RECEIVED, USE ATTACHED FORM AND SUBMIT BEST OFFER BY 5PM 12/23/2009. Great location on a Gulf access canal, each side has 1 bedroom, 1 bath and kitchen. Come take a look today. Bank Owned property sold in AS-IS condition. Special addendum will be required AFTER offer acceptance. All cash offers need proof of funds and 10% deposit. Pre approval letter to accompany all offers with mortgage contingency. This property has been approved for HomePath Mortgage Financing and HomePath Renovation Financing. In addition your offer MUST indicate if the Buyer has purchased a home through Fannie Mae before, and if they intend to live in the property. Being sold As Is, inspections welcomed.
Public Records
Sep 17, 2001
Sold
$131,800
Public Records
Jun 7, 2000
Sold
$212,000
Public Records
Sep 17, 1996
Sold
$120,000
Public Records
Mar 15, 1996
Sold
$1,000
Year
Property tax
Land + Additions
Assessment*
2025
$4,126 (+1.8%)
$129,535 + $100,020
$229,555
2024
$4,051 (+2.0%)
$129,535 + $100,020
$229,555
2023
$3,973 (+8.0%)
$181,133 + $49,112
$230,245
2022
$3,678 (+16.8%)
2021
$3,148 (−0.2%)
2020
$3,153 (+1.3%)
$97,750 + $71,800
$169,550
2019
$3,113 (+3.3%)
2018
$3,012 (+7.1%)
2017
$2,814 (+8.1%)
$97,750 + $50,019
$147,769
2016
$2,603 (+13.4%)
$97,750 + $50,019
$147,769
2015
$2,296 (−4.5%)
$97,750 + $34,508
$132,258
2014
$2,405
Public record
Public record
Zoning
Beds
2
Baths
2
Stories
1
Lot width
50 ft.
Lot depth
70 ft.
Lot size
3,528 Sq. Ft.
Year renovated
1985
Finished Sq. Ft.
714
Unfinished Sq. Ft.
—
Total Sq. Ft.
714
Year built
1950
Style
Multi-Family (2-4 Unit)
County
Lee County
APN
24442203000040130
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jan 22, 2026.
RM-2
Multiple-Family District
The purpose of the RM multiple-family districts is to designate suitable locations for residential occupancy of various types of conventional residential buildings for projects which are not already approved planned unit developments or which fall below the criteria for residential planned developments, and for facilitating the proper development and protecting the subsequent use and enjoyment there of. The RM Districts are intended for use only within the future urban areas as designated by the Lee Plan and are subject to the range of densities for each land use category accommodating residential uses.
Permitted uses
Include but are not limited to:
Religious facility
Healthcare
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Bed & breakfast
Office
Educational / school
Park & open space
Climate risks
10/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
10/10 Heat Factor
6 days above 107° expected this year, 23 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Matlacha, FL • 33993
Average low and high temperatures (°F)
72
52
77
57
81
62
85
66
90
73
91
75
91
76
91
77
90
76
86
71
82
62
78
58
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
92/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Matlacha. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.9 hrs
6.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2623 2nd St
$448,343
$27K under list price of $475K
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $448K to $570K.