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75700 Overseas Highway

Lower Matecumbe, FL 33036
  • $7,000,000
  • STATUS: Active
  • ON SITE: 203 Days
  • MLS #: 598746
UPDATED: 50 min ago
$7,000,000
  • 3
    BEDS
  • 1.46
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 805
    SQFT
  • $8,696
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1954
County:

School Ratings & Info

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.

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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 Vacation Properties & Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.propertyinkeywest.com/homes/123840702
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75700 Overseas Highway Lower Matecumbe, FL 33036

  • Price: $7,000,000
  • Status: Active
  • On Site: 203 Days
  • Updated: 50 min ago
  • MLS #: 598746
3
Beds
3
Baths
0
½ Baths
1.46
Acres
805
SQFT
$8,696
$/SQFT
1954
Built
Neighborhood:
Mat Ocean Bay (75.0)
County:
Monroe
Area:
22 - Lower Matecumbe
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.
Exterior Features

Above Flood No Building Style Ground Level Construction Cbs Dockage Basin Exterior Features Chickee HutFencingSandy BeachWater Display Land Size 1 Less Than 2 Acres Pool YN No Side Bay/Gulf Style Multi-Units Vehicle Storage Guest ParkingOpen Parking Waterfront Gulf FrontOceanfrontOpen Water Waterfront YN Yes Waterview Ocean ViewOpen Water View

Interior Features

Appliances RangeRefrigerator Windows Doors Other Windows/Doors

Property Features

Assoc Fee 0.00 Assoc Hoa YN No Assoc Right Of Refusal No City Islamorada Control Depth 4 Deed Restrictions No Fee Includes None Flood Zone Ae /Ve Listing Board Marathon/Lower Keys Mile Marker 75.00 Min Rental Days 7.00 Neighborhood Features BeachManager On Premises Off Shore Island No Pets Pets Allowed Public Sewer Hookup Yes Rentals Allowed Yes Species List Yes Sq Ft Source Property Data Card Tax Exemptions None Tax Year 2020 Taxes 20118.58 Utilities FkaaMunicipal Sewer Zoning Mf - Multi-Family Attached

Listing courtesy of The Prumo/Carden Team of Coldwell Banker Schmitt Real Estate Co..



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 Vacation Properties & Realty 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 Vacation Properties & Realty
323 Fleming St
Key West FL, 33040