$599,000
3 Bed 2 Bath Pool Waterfront SingleFamilyResidence for Sale in MATLACHA, FL
2859 Cheryl Street, Matlacha, FL, 33993
About this home
Rare waterfront opportunity in the heart of iconic Matlacha, offering a true multi-generational floor plan with a full mother-in-law suite, all situated on two spacious lots with exceptional features throughout. With 128 feet of waterfront and direct Gulf access, the property includes a 7,000 lb covered boat lift with fish-cleaning station and a 2017 saltwater solar-heated pool with tanning ledge. The home provides two distinct living spaces—a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath mother-in-law suite—connected by a double-keyed interior door while still offering private exterior entrances, paved driveways, and covered parking. Interior features include two full kitchens with upgraded appliances and modern countertops, impact-resistant windows and doors, 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, offering excellent natural light throughout the day. Outdoor highlights include a fully fenced yard with double gate, an RV-ready side yard with electrical hookups, and a 2020 roof. Beautiful canal views are preserved from both units, enhancing the appeal of both living spaces. *Transferable Flood Insurance Policy This property also offers outstanding rental flexibility and strong investment potential. The 1-bedroom suite is ideal for annual rentals, short-term rentals, or Airbnb, and both units can be rented separately for maximum income. The layout is perfectly suited for multi-generational living or conversion to a single-family home with a private mother-in-law suite. Just minutes from your boat lift to Matlacha Pass, this exceptionally maintained property provides unmatched access to world-class fishing, boating, and the vibrant island lifestyle.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1976
- Interior
- 1,575 sqft
- Lot size
- 9,888.12 sqft
- Acreage
- 0.23 acres
- Garage
- 1 car
- Days on market
- 106
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $8,386/yr
- Flood zone (area est.)
- Not available
- Storm protection
- Impact Windows/Doors
- Exposure
- South
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — no bridges
- Pool
- Yes
- Spa
- No
- Natural gas
- No
- Water
- Public
- Sewer
- Assessment Paid
- New construction
- No
- Pets
- Yes
- County
- Lee
Maintenance included in the fee
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
Based on the $/sqft of 5 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.
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Your notes on this home
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Recently sold nearby
Closed comparable sales within ~1 mile in the last 12 months — similar price, size, beds/baths, and age.
| Address | Sold | Sold price | Beds/Baths | Sq ft | $/sqft |
|---|---|---|---|---|---|
| 2480 Bayshore Drive | May 2026 | $570,000 | 3/2 | 1,383 | $412 |
| 2669 Coco Plum Drive | Mar 2026 | $450,000 | 3/2 | 1,533 | $294 |
| 12082 Moon Shell Drive | Feb 2026 | $650,000 | 3/2 | 1,525 | $426 |
| 119 SW 39th Place | Apr 2026 | $450,000 | 3/2 | 1,611 | $279 |
| 3610 SW 5th Street | Mar 2026 | $675,000 | 3/2 | 1,533 | $440 |
| Average | 5 comps | $559,000 | $370 |
Market trends — Matlacha
Live area medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
| Jul 22, 2026 | Sold | $599,000 |
| Mar 9, 2026 | Listed | $599,000 |
The good, the trade-offs & the location
- Private pool
- Gulf access (Direct — no bridges)
- Storm protection: Impact Windows/Doors
- Built 1976 — pre-2002 construction may carry older wind codes and higher insurance
Straight-line distances to major SWFL amenities — approximate; actual drive times vary.
Nearby schools
Get more information on their programs, scores, and extracurriculars on each school's page · browse the full schools directory.
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Listing information is provided in part by the Florida Gulf Coast Multiple Listing Service (MLS) through its Broker Reciprocity / Internet Data Exchange (IDX) program. Properties displayed may be listed by brokerages other than SWFL Relocation Team. Data is deemed reliable but is not guaranteed accurate by the MLS or this brokerage and should be independently verified. Fees, flood zones, taxes, square footage, and school assignments are estimates from the feed and must be confirmed. © 2026 SWFL Relocation Team. All rights reserved.