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81910 & 81908 Overseas Highway

Upper Matecumbe Key Islamorada, FL 33036
  • $7,500,000
  • STATUS: Active
  • ON SITE: 90 Days
  • MLS #: 611386
UPDATED: 30 min ago
$7,500,000
  • 0
    BEDS
  • 0.7
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

Once in a lifetime investment in the heart of Islamorada. This exceptional property offers a wide range of potential uses as it includes two Village Center parcels stretching from Highway to Bay, currently featuring a spacious 3,995 sqft restaurant and bar with a coveted 5COP liquor license - no food quota.Village Center zoning allows for multiple use opportunities including, but not limited to, single family estate, multi family compound, luxury townhomes, vacation rentals, restaurants, marinas, general store with package sales, and much more.The property spans 30,415 sqft. It includes a Bayfront boat basin and deeded bay bottom. The boat basin provides dockage for up to 7 vessels and there is adequate depth for an additional 100' dock to be constructed.The Village of Islamorada officially recognizes three waterfront market-rate dwelling units . The three waterfront Transferable Development Rights (TDRs) can be utilized onsite, transferred to another location, or sold to a receiver site. The Village Center Zoning would allow up to 8 market-rate dwelling units to be developed on site for a new luxury townhome community, with the transfer in of additional TDRs.Whether you're looking to rehab a local iconic business, start a new business, redevelop the entire site, or create a spectacular residential estate, this unicorn property is perfectly located. ***Buyer to verify ALL information.***

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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/154869106
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81910 & 81908 Overseas Highway Upper Matecumbe Key Islamorada, FL 33036

  • Price: $7,500,000
  • Status: Active
  • On Site: 90 Days
  • Updated: 30 min ago
  • MLS #: 611386
0
Beds
0
Baths
0
½ Baths
0.7
Acres
Neighborhood:
Strattons (82.5)
County:
Monroe
Area:
23 - Upper Matecumbe
Property Description
Once in a lifetime investment in the heart of Islamorada. This exceptional property offers a wide range of potential uses as it includes two Village Center parcels stretching from Highway to Bay, currently featuring a spacious 3,995 sqft restaurant and bar with a coveted 5COP liquor license - no food quota.Village Center zoning allows for multiple use opportunities including, but not limited to, single family estate, multi family compound, luxury townhomes, vacation rentals, restaurants, marinas, general store with package sales, and much more.The property spans 30,415 sqft. It includes a Bayfront boat basin and deeded bay bottom. The boat basin provides dockage for up to 7 vessels and there is adequate depth for an additional 100' dock to be constructed.The Village of Islamorada officially recognizes three waterfront market-rate dwelling units . The three waterfront Transferable Development Rights (TDRs) can be utilized onsite, transferred to another location, or sold to a receiver site. The Village Center Zoning would allow up to 8 market-rate dwelling units to be developed on site for a new luxury townhome community, with the transfer in of additional TDRs.Whether you're looking to rehab a local iconic business, start a new business, redevelop the entire site, or create a spectacular residential estate, this unicorn property is perfectly located. ***Buyer to verify ALL information.***
Exterior Features

Dockage Basin Dockage Seawall Concrete Land Size 1/2 - Less Than 1 ACMore than 1 Lot Location Site Highway FrontageWater Frontage Side Bay/Gulf Vegetation Survey No Waterfront Bay FrontOpen Water Waterfront YN Yes Waterview Open Water ViewBay View

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No Building Permit Active Permit City ISLAMORADA Control Depth 4 Deed Restrictions No Existing Utilities Electric on SiteWater MeterWater LineSewer Flood Zone VEAEAEAE0.2 PCT Legal STRATTONS SUBD UPPER MATECUMBE PB2-38 NW'LY PT LOT 3 SQR 3 AND ADJ BAY BTM (.09AC) G24-94 G36-377 OR613-708 OR773-1639/1 Listing Board Florida Keys Mile Marker 82.00 Mobile Home Lot No Potential Short Sale No Potential Short Sale Financial Status No Property Rights Tranfrble Dev RightMisc Property RightsMulti-Use/CommercialBeverage License Survey Available Yes Tax Exemptions None Tax Year 2023 Taxes 15880.00 Terms Buyer Obtain Finance Total Lots 2.00 Zoning VC - Village Center

Listing courtesy of Jocelyn Tiedemann of Island Equity Real Estate: (305) 852-0400.


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