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$1,680,000
Lower Matecumbe, FL 33036
MLS# 620533
3 beds | 2 baths | 1980 sqft
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Property Description
NEW PHOTOS COMING SOON . Rare Mixed-Use Opportunity with Spectacular Ocean Views in Islamorada MM 74.5. Endless possibilities await at this highly visible, commercially zoned property located directly on the Overseas Highway at Mile Marker 74.5. Offering breathtaking open Atlantic Ocean views and exceptional highway frontage, this unique property is ideal for investors, entrepreneurs, or anyone seeking the perfect live-work lifestyle in the Florida Keys. Originally permitted as a three-unit apartment building, the property is currently configured with two primary living/work spaces, creating the opportunity for a buyer to explore the potential for a third apartment or reconfigure the property to suit their vision, subject to local approvals. Whether you're looking to maximize rental income, establish a business with residential accommodations, or create a one-of-a-kind family compound, the flexibility here is exceptional. The Neighborhood Commercial (NC) zoning opens the door to a wide variety of commercial uses while the existing residential layout also lends itself beautifully to conversion into a spacious single-family residence with incredible ocean views. Imagine waking each morning to the sunrise over the Atlantic while operating your business from one of Islamorada's most recognizable and accessible locations. The property offers generous parking, excellent visibility, fenced outdoor space, and a location surrounded by restaurants, shopping, marinas, and the best of the Florida Keys lifestyle. Opportunities with this combination of commercial frontage, residential flexibility, income potential, and unobstructed ocean views are exceptionally rare. Whether your vision is investment, business, residential living, or a combination of all three, this is a property where imagination truly becomes opportunity.
Details
Maps
Contract Information
Listing Board: Florida Keys
Current Price: $1,680,000
Listing Date: 2026-07-01
List Price: $1,680,000
Location, Tax & Legal
City: ISLAMORADA
Mile Marker: 74.5
Marathon Neighborhood: N/A
Side: Bay/Gulf
Flood Zone: AE,AE
Alternate Key #: 1480584
Parcel #: 00392260-000000
Zoning: NC - Neighborhood Commercial
Deed Restrictions: Unknown
Legal: BKB LT 8 WHITE MARLIN BEACH SEC-1 PB3-184 LOWER MATECUMBE KEYOR551-321 OR1400-1065/66 OR1400-1067/68 OR2101-2400 OR2943-
Taxes: 7363.07
Tax Year: 2025
Pub Sewer HkUp: Yes
Street #: 74450
Street Name: Overseas
Street Suffix: Highway
Key/Island: Lower Matecumbe
State/Province: FL
Zip Code: 33036
County: Monroe
Subdivision: White Marlin Bch (74.5)
Area: 22 - Lower Matecumbe
General Property Description
Realtor.COM Type: Residential - Single Family
Waterfront: No
Control Depth: 0
Lot Size: 60 X 115
Lot SqFt: 6900
Pool: No
Total Units: 0
Acres: 0.16
SqFt Source: Tax Records
Rentals Allowed: With Restrictions
Style: Single Family
Year Built: 1967
Living Apx SqFt: 1980
Total Bedrooms: 3
Full Baths: 2
Total Baths: 2
Remarks & Misc
Remarks – Consumer: NEW PHOTOS COMING SOON . Rare Mixed-Use Opportunity with Spectacular Ocean Views in Islamorada MM 74.5.
Endless possibilities await at this highly visible, commercially zoned property located directly on the Overseas Highway at Mile Marker 74.5. Offering breathtaking open Atlantic Ocean views and exceptional highway frontage, this unique property is ideal for investors, entrepreneurs, or anyone seeking the perfect live-work lifestyle in the Florida Keys.
Originally permitted as a three-unit apartment building, the property is currently configured with two primary living/work spaces, creating the opportunity for a buyer to explore the potential for a third apartment or reconfigure the property to suit their vision, subject to local approvals. Whether you're looking to maximize rental income, establish a business with residential accommodations, or create a one-of-a-kind family compound, the flexibility here is exceptional.
The Neighborhood Commercial (NC) zoning opens the door to a wide variety of commercial uses while the existing residential layout also lends itself beautifully to conversion into a spacious single-family residence with incredible ocean views. Imagine waking each morning to the sunrise over the Atlantic while operating your business from one of Islamorada's most recognizable and accessible locations.
The property offers generous parking, excellent visibility, fenced outdoor space, and a location surrounded by restaurants, shopping, marinas, and the best of the Florida Keys lifestyle. Opportunities with this combination of commercial frontage, residential flexibility, income potential, and unobstructed ocean views are exceptionally rare.
Whether your vision is investment, business, residential living, or a combination of all three, this is a property where imagination truly becomes opportunity.
Directions: Corner of gulfview and us1
Association Info
Mandatory Home Owners Asc: No
Voluntary Home Owners Asc: Yes
1st Right of Refusal: No
Association Fee $: 300
Assoc/Mnt Fee Per: Yearly
Fee Includes
Other: 1
Dockage
None: 1
Tax Exemptions
None: 1
Appliances
Dryer: 1
Microwave: 1
Oven: 1
Refrigerator: 1
Washer: 1
Pets
Pets Allowed: 1
Cooling
Central Air: 1
Ductless: 1
Heating
Central: 1
Waterfront
None: 1
Waterview
Ocean View: 1
Open Water View: 1
Floor
Laminate: 1
Tile: 1
Neighborhood Feature
Bike Paths: 1
Interior Features
Other: 1
Specialty Rooms
Laundry Room: 1
Workshop: 1
Building Style
Above Flood: Unknown
Stories: 2 Stories
Windows/Doors
Aluminum Windows: 1
Impact Rstnce Doors: 1
Impact Rstnce Window: 1
Vehicle Storage
Car(s): 4+
Guest Parking: 1
Off Street Parking: 1
Trailer Storage: 1
Security
No Security: 1
Construction
CBS: 1
Concrete: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Negotiable: 1
Partially: 1
Terms
Cash: 1
Conventional: 1
Seller Finance Psble: 1
Utilities
Buyer to Verify: 1
FKAA: 1
Exterior Features
Fencing: 1
Outdoor Shower: 1
Storage: 1
Roof
Concrete Roof: 1
Tar/Gravel Roof: 1
Shutters
Other: 1
Status Change Info
Status: Active
Property Features
Fee Includes: Other
Tax Exemptions: None
Waterfront: None
Waterview: Ocean View; Open Water View
Dockage: None
Vehicle Storage: Guest Parking; Off Street Parking; Trailer Storage
Furnished: Negotiable; Partially
Cooling: Central Air; Ductless
Heating: Central
Utilities: Buyer to Verify; FKAA
Interior Features: Other
Specialty Rooms: Laundry Room; Workshop
Appliances: Dryer; Microwave; Oven; Refrigerator; Washer
Exterior Features: Fencing; Outdoor Shower; Storage
Construction: CBS; Concrete
Shutters: Other
Floor: Laminate; Tile
Roof: Concrete Roof; Tar/Gravel Roof
Pets: Pets Allowed
Neighborhood Feature: Bike Paths
Security: No Security
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional; Seller Finance Psble
Listing Office: Realty ONE Group Destination (ISL)
Last Updated: July - 05 - 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.