For more information on this property, contact Kelli Farrell at 305-394-6722 or

75700 Overseas Highway
ISLAMORADA, Florida FL 33036
Price: $7,000,000
Listing ID 598746
Status Active
Bedrooms 3
Full Baths 3
Total Baths 3
SqFt 805
Acres 1.460
Year Built 1954

Property Description:

A once-in-a-lifetime opportunity to acquire one of the most unique properties in the Florida Keys! Located in the prestige fishing capital of the world, Islamorada, this property presents and abundance of opportunities! The parcel is approximately 63,598 square feet. (1.46 acres) Plus approximately 15,000 square feet of deeded bay bottom! Situated along deep water with your very own protected boat basin that can hold multiple boats. Zoned Multi- Family this estate includes 2 Market Rate Building Rights, which is allowed for WEEKLY rental. Plans and conditional use have been approved by the Village for an 8 unit townhouse, which is currently in Islamorada's Building Permit Allocation system.One option is to keep the existing buildings with its weekly gross revenue. A second option would be to build two market rate homes. A third option is to build a one of a kind secluded oceanfront estate with guest home. The fourth option is to build the 8 Unit Townhouse Building with the extended dockage after receiving the 6 required building rights. Enjoy endless opportunities with this rare Gulf Front Estate.

Primary Features

County: Monroe
Property Sub Type: Residential - Single Family
Property Type: Residential
Subdivision: Mat Ocean Bay (75.0)
Year Built: 1954
Zoning: MF - Multi-Family Attached


Appliances: Range, Refrigerator
SqFt Source: Property Data Card


Above Flood: No
Building Style: Ground Level
Construction: CBS
Control Depth: 4
Dockage: Basin
Exterior Features: Chickee Hut, Fencing, Sandy Beach, Water Display
Flood Zone: AE /VE
Land Size: 1 Less Than 2 Acres
Lot SqFt: 63598
Neighborhood Feature: Beach, Manager on Premises
Off Shore Island: no
Pool: no
Pub Sewer Hook Up: yes
Side: right
Style: Multi-Units
Total Units: 2
Vehicle Storage: Guest Parking, Open Parking
Waterfront: yes
Waterfront Type: Gulf Front, Oceanfront, Open Water
Waterview: Ocean View, Open Water View
Windows/Doors: Other Windows/Doors


Area: 22 - Lower Matecumbe
Key/Island: Lower Matecumbe
Marathon Neighborhood: N/A
Mile Marker: 75
Parcel Number: 00394840-000000


FEMA List: yes
Pets: Pets Allowed
Utilities: FKAA, Municipal Sewer


1st Right of Refusal: no
As Is/Right To Inspect: yes
Deed Restrictions: No
Fee Includes: None
HOA: no
Min Rental Days: 7
Rentals Allowed: Yes
Tax Exemptions: None
Tax Year: 2020
Taxes: 20118.58

Zoning Info

Area Info

©2022 Florida Keys MLS, Inc. The data relating to real estate for sale on this web site comes in part from the Florida Keys Multiple Listing Service. Listing courtesy of Coldwell Banker Schmitt Real Estate Co.. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Data last updated: Wednesday, May 18th, 2022 at 11:16:37 PM.

Contact - Listing ID 598746

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Kelli Farrell

888 Kingman Rd.
Homestead, FL 33035
Phone: 305-394-6722
Fax: 305-230-2910

Data services provided by IDX Broker