UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q


[X] Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange
    Act of 1934

For the quarterly period ended June 30, 2006

                                       or

[ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange
    Act of 1934

For the transition period from __________ to __________

Commission File Number: 0-11909


              REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP - II
              ----------------------------------------------------
             (Exact name of registrant as specified in its charter)



       Delaware                                         16-1212761
       --------                                         ----------
(State of organization)                    (IRS Employer Identification No.)


2350 North Forest Road, Getzville, New York 14068
-------------------------------------------------
(Address of principal executive offices)

(716) 636-0280
--------------
(Registrant's telephone number)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.  Yes  [X]  No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated filer, or a non-accelerated filer. See definition of "accelerated
filer and large accelerated filer" in Rule 12b-2 for the Exchange Act . (Check
one):

Large accelerated filer __  Accelerated filer __  Non-accelerated filer  [X]

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act).
Yes [ ]            No  [X]





<PAGE>
Part I - FINANCIAL INFORMATION
Item 1. Financial Statements
        --------------------
<TABLE>
<CAPTION>
                            Condensed Balance Sheets
                            ------------------------

                                                                                       (Unaudited)
                                                                                         June 30,        December 31,
                                                                                          2006              2005
                                                                                     ---------------   ---------------
<S>                                                                                      <C>                <C>
                   Assets
---------------------------------------------
Property and equipment, all held for sale                                            $    4,766,594         4,767,385
Less accumulated depreciation                                                             2,531,480         2,531,480
                                                                                     ---------------   ---------------
                                                                                          2,235,114         2,235,905

Cash and equivalents                                                                        124,714           172,125
Other assets                                                                                183,342           165,809
                                                                                     ---------------   ---------------
     Total assets                                                                        $2,543,170         2,573,839
                                                                                     ===============   ===============

      Liabilities and Partners' Equity
---------------------------------------------
Accounts payable and accrued expenses                                                        43,386            97,441
Other liabilities                                                                            43,661            50,780

Equity in losses of unconsolidated joint ventures in excess of investment                   732,311           797,591
Partners' equity                                                                          1,723,812         1,628,027
                                                                                     ---------------   ---------------
     Total liabilities and partners' equity                                          $    2,543,170         2,573,839
                                                                                     ===============   ===============
</TABLE>
























                                       2
<PAGE>
<TABLE>
<CAPTION>
                       Condensed Statements of Operations
                       ----------------------------------
                                   (Unaudited)

                                                     Three months ended June 30,        Six months ended June 30,
                                                  ---------------------------------- ---------------------------------
                                                       2006               2005            2006              2005
                                                  ---------------    --------------- ---------------   ---------------
<S>                                               <C>                      <C>             <C>               <C>
Rental income                                     $     191,856            203,913         387,061           403,440

Other income                                                  -                587             206             1,132
                                                  ---------------    --------------- ---------------   ---------------
     Total income                                       191,856            204,500         387,267           404,572
                                                  ---------------    --------------- ---------------   ---------------
Property operating costs                                114,678            148,008         259,702           284,443
Administrative expense - affiliates                      28,443             38,578          61,475            65,225
Other administrative expense                             17,117             29,258          35,585            62,695
                                                  ---------------    --------------- ---------------   ---------------
     Total expenses                                     160,238            215,844         356,762           412,363
                                                  ---------------    --------------- ---------------   ---------------
Income (loss) before equity in earnings of                                 (11,344)                           (7,791)
     joint ventures                                      31,618                             30,505
Equity in earnings of joint ventures                     13,227             45,450          65,280            78,567
                                                  ---------------    --------------- ---------------   ---------------
     Net income                                   $      44,845             34,106          95,785            70,776
                                                  ===============    =============== ===============   ===============
Net income per limited partnership unit           $        4.35               3.31            9.29              6.87
                                                  ===============    =============== ===============   ===============
Weighted average limited partnership units
     outstanding                                         10,000             10,000          10,000            10,000
                                                  ===============    =============== ===============   ===============
</TABLE>


























                                       3
<PAGE>
<TABLE>
<CAPTION>

                                         Condensed Statements of Cash Flows
                                         ----------------------------------
                                                     (Unaudited)
                                                                                        Six months ended June 30,
                                                                                     ---------------------------------
                                                                                          2006              2005
                                                                                     ---------------   ---------------
<S>                                                                                    <C>                    <C>
Cash used in:
Operating activities:
     Net income                                                                        $    95,785            70,776
     Adjustments:
       Equity in earnings of joint ventures                                                (65,280)          (78,567)
       Other, principally changes in other assets and liabilities                          (77,916)            5,380
                                                                                     ---------------   ---------------
          Net cash used in operating activities                                            (47,411)           (2,411)
Investing activities - additions to property and equipment                                       -           (10,660)
                                                                                     ---------------   ---------------
Net decrease in cash and equivalents                                                       (47,411)          (13,071)
Cash and equivalents at beginning of period                                                172,125           167,131
                                                                                     ---------------   ---------------
Cash and equivalents at end of period                                                  $   124,714           154,060
                                                                                     ===============   ===============
</TABLE>

                          Notes to Financial Statements
                     Six months ended June 30, 2006 and 2005
                                   (Unaudited)

Organization
------------

Realmark Property Investors Limited Partnership - II (the Partnership), a
Delaware Limited Partnership was formed on March 25, 1982, to invest in a
diversified portfolio of income producing real estate investments. The general
partners are Realmark Properties, Inc. (the corporate general partner) and
Joseph M. Jayson (the individual general partner). Joseph M. Jayson is the sole
stockholder of J.M. Jayson & Company Inc. Realmark Properties, Inc. is a
wholly-owned subsidiary of J.M. Jayson & Company, Inc. Under the partnership
agreement, the general partners and their affiliates receive compensation for
services rendered and reimbursement for expenses incurred on behalf of the
Partnership.

Basis of Presentation
---------------------

The accompanying unaudited interim financial statements have been prepared in
accordance with accounting principles generally accepted in the United States of
America and the instructions to Form 10-Q. Accordingly, they do not include all
of the information and notes required by accounting principles generally
accepted in the United States of America for complete financial statements. The
balance sheet at December 31, 2005 has been derived from the audited financial
statements at that date. In the opinion of management, all adjustments
(consisting of normal recurring adjustments) considered necessary for a fair
presentation, have been included. The Partnership's significant accounting
policies are set forth in its December 31, 2005 Form 10-K. The interim financial
statements should be read in conjunction with the financial statements included
                                       4
<PAGE>
therein. The interim results should not be considered indicative of the annual
results.

Property and Equipment
----------------------

At June 30, 2006, the Partnership owned and operated an office complex in
Michigan (Northwind Office Park), and was a partner in two joint ventures. It
has a 50% interest in Research Triangle Industrial Park Joint Venture with the
other 50% owned by Realmark Property Investors Limited Partnership - VI A (RPILP
- VI A), an entity affiliated through common general partners. It also has a 50%
interest in Research Triangle Land Joint Venture.

All of the Partnership and venture properties are being actively marketed for
sale and therefore, are not being depreciated. Depreciation expense not recorded
during the three and six month periods ended June 30, 2006 was approximately
$40,000 and $81,000, respectively. Depreciation expense not recorded during the
three and six month periods ended June 30, 2005 was approximately $55,000 and
$109,000 respectively.

Investment in Research Triangle Industrial Park Joint Venture
-------------------------------------------------------------

The Venture owns and operates the Research Triangle Industrial Park West, an
office/warehouse facility located in Durham County, North Carolina. Summary
financial information of the Venture follows:
<TABLE>
<CAPTION>
                                              Balance Sheet Information
                                              -------------------------
                                                                                        June 30,        December 31,
                                                                                          2006              2005
                                                                                     ---------------   ---------------
<S>                                                                                    <C>                  <C>
            Assets:
                 Net property, held for sale                                           $ 1,737,281          1,737,281
                 Cash and equivalents                                                        6,553             27,156
                 Escrow deposits                                                           874,953            780,049
                 Other assets                                                              461,075            299,428
                                                                                     ---------------   ---------------
                      Total assets                                                     $ 3,079,862          2,843,914
                                                                                     ===============   ===============

            Liabilities:
                 Mortgage loan payable*                                                  4,770,294          4,833,899
                 Accounts payable and accrued expenses                                     169,498             22,030
                                                                                     ---------------   ---------------
                      Total liabilities                                                  4,939,792          4,855,929
                                                                                     ---------------   ---------------
            Partners' deficit:
                 The Partnership                                                          (830,549)          (906,592)
                 RPILP - VI A                                                           (1,029,381)        (1,105,423)
                                                                                     ---------------   ---------------
                      Total partners' deficit                                           (1,859,930)        (2,012,015)
                                                                                     ---------------   ---------------
                      Total liabilities and partners' deficit                          $ 3,079,862          2,843,914
                                                                                     ===============   ===============
</TABLE>

                                        5
<PAGE>
                                                Operating Information
                                                ---------------------
<TABLE>
<CAPTION>
                                                    Three months ended June 30,         Six months ended June 30,
                                                 ----------------------------------  ---------------------------------
                                                      2006               2005             2006              2005
                                                 ----------------   ---------------  ---------------   ---------------
<S>                                                   <C>                  <C>              <C>               <C>
          Rental income                               $  250,792           247,390          528,533           493,348
          Other                                            2,189             1,050            4,135             1,465
                                                 ----------------   ---------------  ---------------   ---------------
               Total income                              252,981           248,440          532,668           494,813
                                                 ----------------   ---------------  ---------------   ---------------
          Property operating costs                        82,284            46,220          125,596            96,470
          Interest                                        98,472            99,599          196,811           201,836
          Administrative                                  37,777            10,335           58,176            36,601
                                                 ----------------   ---------------  ---------------   ---------------
               Total expenses                            218,533           156,154          380,583           334,907
                                                 ----------------   ---------------  ---------------   ---------------
               Net income                             $   34,448            92,286          152,085           159,906
                                                 ================   ===============  ===============   ===============
          Allocation of net income:
               The Partnership                            17,224            46,143           76,043            79,953
               RPILP - VI A                               17,224            46,143           76,042            79,953
                                                 ----------------   ---------------  ---------------   ---------------
                                                      $   34,448            92,286          152,085           159,906
                                                 ================   ===============  ===============   ===============
</TABLE>
*The mortgage for the Research Triangle property matured in April 2006. The
property continues to make the amortizable monthly principal and interest
payments on the mortgage and has elected not to refinance the mortgage or
renegotiate the terms of the mortgage. The delinquent mortgage has not been
cured subsequent to the June 30, 2006 quarter end and the mortgagor could make
the mortgage callable due to the delinquent status of the mortgage, however the
mortgagor has not exercised that option.

Equity in Losses of Unconsolidated Joint Venture
------------------------------------------------

The Partnership owns a 50% interest in Research Land Joint Venture (Joint
Venture). On July 18, 2006, Joint Venture sold the land for a sales price of
$1,371,704, less closing costs of $107,782, repayments of amounts owed to
affiliates of $65,132 and less two purchase money notes totaling $143,332 for
total net proceeds related to the sale of $1,055,458. The net proceeds related
to the sale, which were distributed to the Partnership, amounted to $711,314,
resulting in a net gain on the sale amounting to $609,080. The investment in
Joint Venture was being carried on the Partnership's books at $102,234 at June
30, 2006 and is included in equity in losses of unconsolidated joint ventures on
the accompanying condensed balance sheet.












                                       6
<PAGE>
PART I - Item 2. Management's Discussion and Analysis of Financial Condition
                 -----------------------------------------------------------
                 and Results of Operations
                 -------------------------

Liquidity and Capital Resources
-------------------------------

Effective January 1, 2001, management began formally marketing all remaining
properties in the Partnership for sale. The Partnership continues to maintain a
cash position adequate to fund capital improvements. Cash decreased
approximately $47,000 during the first six months of 2006. The Partnership made
no distributions to limited partners in the first six months of 2006. In
accordance with the settlement of the lawsuit (Part II, Item 1), it is
anticipated that with the sale of the remaining property and joint ventures, the
Partnership may be in a position to make distributions to the limited partners.

Results of Operations
---------------------

The Partnership's net income (loss) for the first six months of 2006 and 2005,
excluding equity in earnings from joint ventures, was approximately $30,000 and
($7,800). Rental income decreased approximately $16,000 due to an increase in
vacancies. Total expenses decreased approximately $56,000. Property operations
decreased approximately $25,000 due primarily to a decrease in utilities,
employee benefits and leasing service offset by an increase in insurance
expense. Other administrative expense decreased approximately $27,000 due to
decreased legal and advertising expense.

PART I - Item 3.  Quantitative and Qualitative Disclosures About Market Risk
                  ----------------------------------------------------------

The Partnership's cash equivalents are short-term, interest-bearing bank
accounts. The mortgage loan on the Partnership's property is fixed rate and,
therefore, is not subject to market risk.

PART I - Item 4.  Controls and Procedures
                  -----------------------

Disclosure Controls and Procedures: The Partnership's management, with the
participation of the Partnership's Individual General Partner and Principal
Financial Officer, has evaluated the effectiveness of the Partnership's
disclosure controls and procedures (as such term is defined in Rule 13a-15(e)
under the Securities Exchange Act of 1934, as amended) as of the end of the
period covered by this report. Based upon such evaluation, the Partnership's
Individual General Partner and Principal Financial Officer have concluded that,
as of the end of such period, the Partnership's disclosure controls and
procedures are effective.

Internal Control Over Financial Reporting: There have been no significant
changes in the Partnership's internal control over financial reporting (as
defined in Rule 13a-15(f) under the Securities and Exchange Act of 1934, as
amended) during the fiscal quarter to which this report relates that have
materially affected, or are reasonably likely to materially affect, the
Partnership's internal control over financial reporting.






                                       7
<PAGE>
PART II - OTHER INFORMATION

Item 1.  Legal Proceedings
         -----------------

As previously reported, the Partnership, as a nominal defendant, the General
Partners of the Partnership and of affiliated public partnerships (the "Realmark
Partnerships") and the officers and directors of the Corporate General Partner,
as defendants, had been involved in a class action litigation in New York State
court. The Partnership's settlement of this litigation is described in its
Annual Report on Form 10-K for the year ended December 31, 2005.

Item 5. Other Information
        -----------------

        Current reports on Form 8-K filed by the Partnership during and
        subsequent to the quarter to which this report is filed:

         Form 8-K report filed on April 17, 2006
         Form 8-K report filed on May 12, 2006
         Form 8-K report filed on August 14, 2006

Item 6. Exhibits
        --------

         31. Certification Pursuant to Rule 13a-14(a), as Adopted Pursuant to
             Section 302 of the Sarbanes-Oxley Act of 2002.

         32. Certification Pursuant to 18 U.S.C. Section 1350, as Adopted
             Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.






























                                       8
<PAGE>
                                   SIGNATURES
                                   ----------



Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


REALMARK PROPERTY INVESTORS LIMITED PARTNERHIP - II


              August 14, 2006                /s/ Joseph M. Jayson
              ---------------                --------------------
                    Date                     Joseph M. Jayson,
                                             Individual General Partner and
                                             Principal Financial Officer











































                                       9