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74560 Overseas Highway

Lower Matecumbe, FL 33036
  • $4,100,000
  • STATUS: Active
  • ON SITE: 24 Days
  • MLS #: 618699
$4,100,000
  • 3
    BEDS
  • 0.35
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 6,071
    SQFT
  • $675
    $/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 Key West Luxury Real Estate Inc are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.keywestluxuryrealestateinc.com/homes/173139274
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74560 Overseas Highway Lower Matecumbe, FL 33036

  • Price: $4,100,000
  • Status: Active
  • On Site: 24 Days
  • MLS #: 618699
3
Beds
3
Baths
0
½ Baths
0.35
Acres
6,071
SQFT
$675
$/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

Boat Slips 8 Construction CBS Dockage Seawall Concrete Land Size 1/4 - 1/2 Acre Lot Size 100x151 Miscellaneous Residence on PremiseOpen Water ViewHighway FrontageHigh Traffc Location Side Bay/Gulf Style Commercial Vehicle Storage Common Parking Waterfront OceanfrontOpen WaterBay Front Waterfront YN Yes Waterview Open Water ViewHarbor/Marina ViewBay/Gulf ViewOcean View

Interior Features

Appliances RefrigeratorDishwasherDryerWasher Net Leasable Area 6071.00

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No City ISLAMORADA Commercial Type Apartment 3 or moreBarRetailProfessional ServiceMarinaRestaurant Control Depth 6 Fee Includes None Fema List No Flood Zone AE Legal MATECUMBE SANDY BEACH PB3-127 LOWER MATECUMBE KEY PT TRACT 5 (AKA PARCEL #5) Listing Board Florida Keys Mile Marker 75.00 Off Shore Island No Potential Short Sale No Potential Short Sale Financial Status No Property Type Commercial Sq Ft Source Property Data Card Tax Year 2025 Taxes 20434.94 Terms Other Financing Total Units 0.00 Utilities FKAABuyer to VerifyMunicipal Sewer Year Established 1982-12-31 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 Key West Luxury 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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Key West Luxury Real Estate Inc
619 Eaton Street, #2
Key West FL, 33040