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74560 Overseas Highway

Lower Matecumbe, FL 33036
  • $3,900,000
  • STATUS: Active
  • ON SITE: 61 Days
  • MLS #: 618699
UPDATED: 75 min ago
$3,900,000
  • 3
    BEDS
  • 0.35
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 6,071
    SQFT
  • $642
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1983
County:

School Ratings & Info

Description

74560 Overseas Highway is a dynamic waterfront commercial asset with multiple revenue paths and significant redevelopment potential. Situated on a 15,000 SF parcel with generous on-site parking and 100 feet of seawall capable of accommodating up to 8 slips, the property delivers premier highway exposure and immediate Florida Bay and Atlantic Ocean access. Zoning supports four affordable housing units, one market-rate residence, and 5,640 SF of commercial space, creating a layered income strategy that blends residential density with marine-oriented business activity. The existing structure features expansive wraparound windows framing sweeping Atlantic views, plus a top-floor penthouse suite suited for owner occupancy, executive housing, or premium rental use (subject to approvals). The building configuration can also accommodate a rooftop helipad. Commercial Fishing zoning allows for uses such as a destination restaurant, seafood market, marine outfitter, charter or backcountry fishing headquarters, marina-support retail, or other enterprises aligned with the working waterfront. This is a high-visibility, commercial platform where housing, marine access, and US-1 frontage intersect to create compelling long-term value.

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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/173139274
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74560 Overseas Highway Lower Matecumbe, FL 33036

  • Price: $3,900,000
  • Status: Active
  • On Site: 61 Days
  • Updated: 75 min ago
  • MLS #: 618699
3
Beds
3
Baths
0
½ Baths
0.35
Acres
6,071
SQFT
$642
$/SQFT
1983
Built
Neighborhood:
Mat Sandy Bch (75.0)
County:
Monroe
Area:
22 - Lower Matecumbe
Property Description
74560 Overseas Highway is a dynamic waterfront commercial asset with multiple revenue paths and significant redevelopment potential. Situated on a 15,000 SF parcel with generous on-site parking and 100 feet of seawall capable of accommodating up to 8 slips, the property delivers premier highway exposure and immediate Florida Bay and Atlantic Ocean access. Zoning supports four affordable housing units, one market-rate residence, and 5,640 SF of commercial space, creating a layered income strategy that blends residential density with marine-oriented business activity. The existing structure features expansive wraparound windows framing sweeping Atlantic views, plus a top-floor penthouse suite suited for owner occupancy, executive housing, or premium rental use (subject to approvals). The building configuration can also accommodate a rooftop helipad. Commercial Fishing zoning allows for uses such as a destination restaurant, seafood market, marine outfitter, charter or backcountry fishing headquarters, marina-support retail, or other enterprises aligned with the working waterfront. This is a high-visibility, commercial platform where housing, marine access, and US-1 frontage intersect to create compelling long-term value.
Exterior Features

Attached Garage YN No Construction Materials CBS Exterior Features [] Parking Features [] Stories 3 Vehicle Storage Common Parking View [] Waterview Open Water ViewOcean ViewBay/Gulf ViewHarbor/Marina View Window Features []

Interior Features

Appliances RefrigeratorWasherDryerDishwasher Cooling [] Flooring [] Interior Features []

Property Features

Association Fee Includes None Association YN No Association1st Right Of Refusal No Bank Owned No Business Type Apartment 3 or moreRestaurantMarinaProfessional ServiceRetailBar/Tavern/Lounge Control Depth 6 Electric [] Flood Zone AE Frontage Type [] Land Size 1/4 - 1/2 Acre Listing Terms Other Financing Marathon Nbhd N/A Mile Marker 75 Miscellaneous Residence on PremiseHigh Traffc LocationHighway FrontageOpen Water View Number Of Boat Slips 8 Off Shore Island YN No Potential Short Sale No Property Sub Type Commercial Seawall Concrete Special Licenses [] Tax Annual Amount 20434.94 Tax Legal Description MATECUMBE SANDY BEACH PB3-127 LOWER MATECUMBE KEY PT TRACT 5 (AKA PARCEL #5) Tax Year 2025 Tenant Pays [] Utilities [] Utilities Info FKAAMunicipal SewerBuyer to Verify Waterfrnt Yes Waterfront OceanfrontBay FrontOpen Water Waterfront Features [] Waterfront YN Yes Zoning CF - Commercial Fishing

Listing courtesy of Alina Davis of Coldwell Banker Schmitt Islamorada: 305-664-4470.


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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