2859 Cheryl St, Matlacha, FL 33993

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.