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$679,000
Upper Matecumbe Key Islamorada, FL 33036
MLS# 620693
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Property Description
An exceptional opportunity to acquire two (2) Waterfront Transferable Development Rights (TDRs akaTBRs) for use within the Village of Islamorada. Offered together for $679,000, this represents an outstanding value at approximately $339,500 per TDR--well below the cost of purchasing comparable rights individually. These development rights may be transferred to an eligible receiver property within the Village, providing a rare opportunity for builders, developers, and property owners to secure valuable development potential at a discounted price. Buyer shall pay all closing costs associated with the transaction, including the Village transfer fee. This sale does not include any real property
Details
Maps
Contract Information
Listing Board: Florida Keys
Listing Date: 2026-07-20
List Price: $679,000
Location, Tax & Legal
City: ISLAMORADA
Street #: 2x
Street Name: Waterfront TDR for Sale
Street Suffix: Avenue
Key/Island: Upper Matecumbe Key Islamorada
State/Province: FL
Zip Code: 33036
County: Monroe
Property Right Description
Property Rights Type: Transferrable Building Right
Remarks & Misc
Remarks – Consumer: An exceptional opportunity to acquire two (2) Waterfront Transferable Development Rights (TDRs akaTBRs) for use within the Village of Islamorada. Offered together for $679,000, this represents an outstanding value at approximately $339,500 per TDR--well below the cost of purchasing comparable rights individually. These development rights may be transferred to an eligible receiver property within the Village, providing a rare opportunity for builders, developers, and property owners to secure valuable development potential at a discounted price. Buyer shall pay all closing costs associated with the transaction, including the Village transfer fee. This sale does not include any real property
Jurisdiction
Village of Islamorada: 1
Transferrable Building Right
Has Letter: 1
Status Change Info
Status: Active
Property Features
Jurisdiction: Village of Islamorada
Transferrable Building Right: Has Letter
Listing Office: Coldwell Banker Schmitt Islamorada
Last Updated: July - 20 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.