CORAL BAY MANOR
1427 NW 2nd Ave, Florida City FL 33034
193
Days on Market
Description
Incredible value-add and development opportunity in a high-growth area! This 9-unit multifamily generates $7,971/month at 97% occupancy, offering strong cash flow. Includes a $300K transferable Affordable Housing Grant and $80K in recent capital improvements, Brand new roof (2025), impact windows (2025), and doors (2025). Additional: 24,000 SF adjacent vacant lot approved for 30 units, ideal for portfolio expansion or ground-up development. Zoned for flexibility and positioned for future growth. Rare opportunity for investors seeking stable income, upside potential, or both. Remarks are not guaranteed and should not be relied upon as representations or warranties, express or implied. Seller Financing Available!
Facts
- MLS#
- A11850691
- Subdivision
- CORAL BAY MANOR
- Property Type
- Commercial Land
- Property Sub Type
- —
- Year Built
- —
- Lot Size
- 30,056 ft²
- Sq. Ft.
- —
- Sq. Mt.
- —
- Price per sq. ft.
- —
- Price per sq. mt.
- —
- Stories
- —
- Garage
- —
- Pool
- —
- Days on Market
- 193 days
- Listed
- Aug 2, 2025
- Last Updated
- Feb 11, 2026
- Price/Lot Sq.Ft.
- $85/ft²
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Market insights for Florida City
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
May 2026
42
Median days to sold
+4.5%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 9/24/2025 | Price change | $2,550,000-3.8% |
| 8/2/2025 | Listed for sale | $2,650,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
Mirror Lakes Elementary SchoolPK,KG,1,2,3,4,5 · public · 0.4 mi
- Amanecer Elementary School
PK,KG,1,2,3,4,5 · public · 1.1 mi
- East Lee County High School
9,10,11,12 · public · 1.2 mi
- Lehigh Acres Middle School
6,7,8 · public · 1.2 mi
- East Zone Middle School Qq
6,7,8 · public · 1.9 mi
- Veterans Park Academy For The Arts
PK,KG,1,2,3,4,5,6,7,8 · public · 1.9 mi
- Djb Technical Academy
9,10,11,12 · charter · 2.1 mi
- Lehigh Elementary School
PK,KG,1,2,3,4,5 · public · 2.5 mi
- Harvest Christian Academy
KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 2.7 mi
- Maranatha Private School
KG,1,2,3,4,5,6,7,8,9 · private · 2.8 mi
Data provided by GreatSchools.org © 2026. All rights reserved.Estimated Monthly Payment
$15,847/mo
Principal & Interest
$13,572
Property Tax
$2,125
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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