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.