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74450 Overseas Highway

Lower Matecumbe, FL 33036
  • $1,680,000
  • STATUS: Active
  • ON SITE: 5 Days
  • MLS #: 620533
New On Site 5 Days Ago
$1,680,000
  • 3
    BEDS
  • 0.16
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,980
    SQFT
  • $848
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1967
County:

School Ratings & Info

Description

NEW PHOTOS COMING SOON . Rare Mixed-Use Opportunity with Spectacular Ocean Views in Islamorada MM 74.5. Endless possibilities await at this highly visible, commercially zoned property located directly on the Overseas Highway at Mile Marker 74.5. Offering breathtaking open Atlantic Ocean views and exceptional highway frontage, this unique property is ideal for investors, entrepreneurs, or anyone seeking the perfect live-work lifestyle in the Florida Keys. Originally permitted as a three-unit apartment building, the property is currently configured with two primary living/work spaces, creating the opportunity for a buyer to explore the potential for a third apartment or reconfigure the property to suit their vision, subject to local approvals. Whether you're looking to maximize rental income, establish a business with residential accommodations, or create a one-of-a-kind family compound, the flexibility here is exceptional. The Neighborhood Commercial (NC) zoning opens the door to a wide variety of commercial uses while the existing residential layout also lends itself beautifully to conversion into a spacious single-family residence with incredible ocean views. Imagine waking each morning to the sunrise over the Atlantic while operating your business from one of Islamorada's most recognizable and accessible locations. The property offers generous parking, excellent visibility, fenced outdoor space, and a location surrounded by restaurants, shopping, marinas, and the best of the Florida Keys lifestyle. Opportunities with this combination of commercial frontage, residential flexibility, income potential, and unobstructed ocean views are exceptionally rare. Whether your vision is investment, business, residential living, or a combination of all three, this is a property where imagination truly becomes opportunity.

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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 Bascom Grooms Real Estate are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.realtorkeywestfl.com/homes/178466192
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74450 Overseas Highway Lower Matecumbe, FL 33036

  • Price: $1,680,000
  • Status: Active
  • On Site: 5 Days
  • MLS #: 620533
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 . Rare Mixed-Use Opportunity with Spectacular Ocean Views in Islamorada MM 74.5. Endless possibilities await at this highly visible, commercially zoned property located directly on the Overseas Highway at Mile Marker 74.5. Offering breathtaking open Atlantic Ocean views and exceptional highway frontage, this unique property is ideal for investors, entrepreneurs, or anyone seeking the perfect live-work lifestyle in the Florida Keys. Originally permitted as a three-unit apartment building, the property is currently configured with two primary living/work spaces, creating the opportunity for a buyer to explore the potential for a third apartment or reconfigure the property to suit their vision, subject to local approvals. Whether you're looking to maximize rental income, establish a business with residential accommodations, or create a one-of-a-kind family compound, the flexibility here is exceptional. The Neighborhood Commercial (NC) zoning opens the door to a wide variety of commercial uses while the existing residential layout also lends itself beautifully to conversion into a spacious single-family residence with incredible ocean views. Imagine waking each morning to the sunrise over the Atlantic while operating your business from one of Islamorada's most recognizable and accessible locations. The property offers generous parking, excellent visibility, fenced outdoor space, and a location surrounded by restaurants, shopping, marinas, and the best of the Florida Keys lifestyle. Opportunities with this combination of commercial frontage, residential flexibility, income potential, and unobstructed ocean views are exceptionally rare. Whether your vision is investment, business, residential living, or a combination of all three, this is a property where imagination truly becomes opportunity.
Exterior Features

Architectural Style [] Attached Garage YN No Building Stories 2 Stories Construction Materials CBSConcrete Dockage None Exterior Features FencingOutdoor ShowerStorage Parking Features Storage Patio And Porch Features [] Pool Features [] Pool Private YN No Roof Concrete RoofTar/Gravel Roof Shutters Other Vehicle Storage Guest ParkingOff Street ParkingTrailer Storage Vehicle Storage Cars 4+ View [] Waterview Ocean ViewOpen Water View Window Features [] Windows Doors Aluminum WindowsImpact Rstnce WindowImpact Rstnce Doors

Interior Features

Accessibility Features [] Appliances WasherDryerRefrigeratorOvenMicrowave Cooling Central AirDuctless Cooling YN Yes Flooring TileLaminate Furnished Partially Heating Central Heating YN True Interior Other Interior Features [] Laundry Features Laundry Room Levels [] Rooms Total 0 Specialty Rooms Laundry RoomWorkshop

Property Features

Above Flood Unknown Association Fee 300 Association Fee Frequency Yearly Association Fee Includes Other Association YN No Association1st Right Of Refusal No Building Features [] Community Features Bike Paths Control Depth 0 Deed Restricts Unknown Electric [] Flood Zone AEAE Frontage Type [] Green Energy Generation [] Green Water Conservation [] Land Size Less Than 1/4 Acre Listing Terms Seller Finance PsbleCashConventional Marathon Nbhd N/A Mile Marker 74.5 Other Equipment [] Other Structures [] Pets Allowed Yes Property Condition [] Property Sub Type Single Family Residence Public Sewer Hookup Yes Rental Allowed With Restrictions Security Features No Security 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 Utilities [] Utilities Info FKAABuyer to Verify Voluntary Home Owners Asosc Yes Water Source [] Waterfrnt No Waterfront None 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 Bascom Grooms Real Estate are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Bascom Grooms Real Estate
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