2859 Cheryl Street $599,000

Rare waterfront duplex on two lots with a pool, boat lift, and exceptional features in the heart of iconic Matlacha. Situated on two spacious lots with 128 feet of waterfront, the property provides direct Gulf access, a 2017 saltwater solar heated pool with tanning ledge, and a 7,000b covered boat lift with a fish cleaning station. The duplex includes two separate living units—a 2-bedroom,1 bath unit and a 1 bedroom, 1 bath unit—connected by a double keyed interior door while still offering private exterior entrances, paved driveways, and covered parking. This property also offers outstanding rental potential, making it one of the best investment opportunities in the area. The 1-bedroom unit can rent annually for approximately $1500 to $1800 per month, while the 2-bedroom unit is estimated at $2,200–$2,800 per month. For Airbnb or short-term rentals, projected nightly rates range from $200 to $400, depending on season and demand. Interior highlights include two full kitchens with upgraded appliances and modern countertops, impact resistant windows and doors throughout, a shared enclosed lanai and pool area with individual sliding door access, a common laundry room, and a large storage room. The home enjoys desirable southern exposure on the pool side, providing excellent natural light and ideal sun on the pool throughout the day. Outdoor features include 2020 Roof, a fully fenced yard with a double gate, an RV ready side yard with existing electrical hookups. Beautiful canal views are preserved from both units, making this property ideal for Airbnb, annual rentals, multi-generational living, or conversion to a single-family residence with a mother-in-law suite.

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