Active

81910 & 81908 Overseas Highway

Upper Matecumbe Key Islamorada FL, 33036

$7,500,000


$246.59 per sqft

Active

0.7 Acres

Land

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.***

611386

MLS ID

September 7, 2024

Listed

October 14, 2024

Updated

Map

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

Exterior/Building Features

Lot Size

0.7 Acres


Lot Features

1/2 - Less Than 1 AC, More than 1 Lot, Highway Frontage, Water Frontage

School Information

School District

Yes

Other Property Details

Area Name

23 - Upper Matecumbe


Taxes

$15,880


Tax Frequency

Annually


Garage

No


View

Yes


View Description

Open Water View, Bay View


County

Monroe


Pool

No


Waterfront

Yes


Zoning

VC - Village Center

Listed by Jocelyn Tiedemann with Island Equity Real Estate
Listing Contact:  

The IDX display contains information sourced from the Florida Keys Board of REALTORS® as of 10/14/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2024 Florida Keys Board of REALTORS® all rights reserved.

Data last updated on 10/14/2024 at 11:54 PM UTC

 

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