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74450 Overseas Highway

Lower Matecumbe, FL 33036
  • $1,680,000
  • STATUS: Active
  • ON SITE: 5 Days
  • MLS #: 620534
New On Site 5 Days Ago
UPDATED: 58 min ago
$1,680,000
  • 3
    BEDS
  • 0.16
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,980
    SQFT
  • $848
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1967
County:

School Ratings & Info

Description

NEW PHOTOS COMING SOON. Prime Islamorada Mixed-Use Investment | Ocean Views | Overseas Highway Frontage Exceptional mixed-use investment opportunity in the heart of Islamorada. Positioned directly on the Overseas Highway at Mile Marker 74.5, this highly visible Neighborhood Commercial (NC) property offers outstanding exposure, excellent accessibility, and panoramic Atlantic Ocean views. Originally permitted as a three-unit apartment building, the property is currently configured with two primary residential/commercial spaces, presenting an opportunity for a future owner to explore the potential for a third apartment or additional income-producing space, subject to local approvals. The flexible layout lends itself to owner-occupancy, employee housing, professional offices, retail, vacation accommodations (where permitted), or a variety of commercial uses allowed under NC zoning. An increasingly rare feature in the Upper Keys, this property combines valuable highway frontage with substantial parking, exceptional visibility, and an irreplaceable oceanfront setting. Investors, business owners, and developers will appreciate the property's versatility, while end users may envision transforming it into a distinctive single-family residence with sweeping Atlantic views. Located in one of the Florida Keys' most desirable markets, the property is surrounded by established businesses, restaurants, marinas, resorts, and world-renowned fishing and diving destinations. Its strategic location offers convenient access for both locals and visitors traveling throughout the Keys. Whether you're seeking a long-term investment, owner-user opportunity, redevelopment potential, or a signature live-work property, this unique Islamorada offering delivers location, flexibility, visibility, and exceptional upside in one of Florida's most sought-after commercial corridors.

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Coastal Collection Real Estate Inc. are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.buythekeys.com/homes/178555947
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74450 Overseas Highway Lower Matecumbe, FL 33036

  • Price: $1,680,000
  • Status: Active
  • On Site: 5 Days
  • Updated: 58 min ago
  • MLS #: 620534
3
Beds
2
Baths
0
½ Baths
0.16
Acres
1,980
SQFT
$848
$/SQFT
1967
Built
Neighborhood:
White Marlin Bch (74.5)
County:
Monroe
Area:
22 - Lower Matecumbe
Property Description
NEW PHOTOS COMING SOON. Prime Islamorada Mixed-Use Investment | Ocean Views | Overseas Highway Frontage Exceptional mixed-use investment opportunity in the heart of Islamorada. Positioned directly on the Overseas Highway at Mile Marker 74.5, this highly visible Neighborhood Commercial (NC) property offers outstanding exposure, excellent accessibility, and panoramic Atlantic Ocean views. Originally permitted as a three-unit apartment building, the property is currently configured with two primary residential/commercial spaces, presenting an opportunity for a future owner to explore the potential for a third apartment or additional income-producing space, subject to local approvals. The flexible layout lends itself to owner-occupancy, employee housing, professional offices, retail, vacation accommodations (where permitted), or a variety of commercial uses allowed under NC zoning. An increasingly rare feature in the Upper Keys, this property combines valuable highway frontage with substantial parking, exceptional visibility, and an irreplaceable oceanfront setting. Investors, business owners, and developers will appreciate the property's versatility, while end users may envision transforming it into a distinctive single-family residence with sweeping Atlantic views. Located in one of the Florida Keys' most desirable markets, the property is surrounded by established businesses, restaurants, marinas, resorts, and world-renowned fishing and diving destinations. Its strategic location offers convenient access for both locals and visitors traveling throughout the Keys. Whether you're seeking a long-term investment, owner-user opportunity, redevelopment potential, or a signature live-work property, this unique Islamorada offering delivers location, flexibility, visibility, and exceptional upside in one of Florida's most sought-after commercial corridors.
Exterior Features

Attached Garage YN No Construction Materials CBSConcrete Dockage None Exterior Features [] Parking Features Storage Stories 2 Vehicle Storage Common ParkingGuest ParkingOff Street ParkingTrailer Storage View [] Waterview Ocean View Window Features []

Interior Features

Appliances WasherDryer Cooling [] Flooring [] Interior Features []

Property Features

Association Fee Frequency Yearly Association Fee Includes None Association YN No Association1st Right Of Refusal No Bank Owned No Business Type Apartment 3 or moreOffice BuildingsOther Services Control Depth 0 Electric [] Flood Zone AEAE Frontage Type [] Land Size Less Than 1/4 Acre Listing Terms [] Marathon Nbhd N/A Mile Marker 74.5 Off Street Parking yes Potential Short Sale No Property Sub Type Misc Prop Rights Special Licenses [] Tax Annual Amount 7363.07 Tax Legal Description BKB LT 8 WHITE MARLIN BEACH SEC-1 PB3-184 LOWER MATECUMBE KEYOR551-321 OR1400-1065/66 OR1400-1067/68 OR2101-2400 OR2943- Tax Year 2025 Tenant Pays [] Utilities [] Utilities Info FKAAMunicipal SewerBuyer to Verify Waterfrnt No Waterfront OceanfrontOpen Water Waterfront Features [] Waterfront YN No Zoning NC - Neighborhood Commercial

Listing courtesy of Krissy Carnahan of Realty ONE Group Destination (ISL): 305-293-8881.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Coastal Collection Real Estate Inc. are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Coastal Collection Real Estate Inc.
422 Fleming St Suite 7
Key West FL, 33040