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$5,999,000
Lower Matecumbe, FL 33036
MLS# 608979
1 / 36
Property Description
Beautiful 200' of oceanfront property on Lower Matecumbe Key. This offering consists of one 100' lot, vacant with TDR & contiguously, a 100' lot with a triplex apartment building (3 TDRs),.This gives you endless possibilities for redevelopment of the property. The vacant lot has an additional 200' of bay bottom. Fantastic 180° ocean views make for gorgeous sunrises on the naturally sandy beaches. View Alligator Lighthouse, watch dolphins, manatees, and birds feeding on fish right in front of you. At night, beautiful full moon risings, cruise ships with their lights passing, and plenty of stars. Launch kayaks from the beach to do a little tarpon fishing and bonefish are making a comeback so you can wade with your fly rod for a thrill. Also snorkel for lobster in season in all the little crevices and holes off shore of the property. Recap: 200' of oceanfront made up of 1 vacant lot with TDR, 1 lot with 3 apartments, bay bottom on the vacant lot, for a total of 4 TDRs on the property Note: One of the owners is a State of Florida Real Estate Licensee
Details
Contract Information
Listing Board: Florida Keys
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
Current Price: $5,999,000
Listing Date: 2024-03-01
List Price: $5,999,000
Location, Tax & Legal
City: ISLAMORADA
Mile Marker: 75
Marathon Neighborhood: N/A
Side: Ocean
Flood Zone: AE-11
Alternate Key #: 1491276
Add'l Parcel #1: 00398870-000000
Parcel #: 00398880-000000
Zoning: R1 - Residential Single Family
Deed Restrictions: Unknown
Legal: Lots 67 and 66, plus baybottom adjacent to Loys 66 of Matecumbe Ocean Beach Section A Lower Matecembe PB2-3
Taxes: 27699
Tax Year: 2023
Street #: 75131
Street Name: Overseas
Street Suffix: Highway
Key/Island: Lower Matecumbe
State/Province: FL
Zip Code: 33036
County: Monroe
Subdivision: Mat Ocean Beach (75.0)
Area: 22 - Lower Matecumbe
General Property Description
Realtor.COM Type: Vacant Land
Waterfront: Yes
Control Depth: 2
Lot SqFt: 48000
Lot Sqft Source: Property Data Card
Total Lots: 3
Survey Available: No
Vegetation Survey: No
Remarks & Misc
Remarks – Consumer: Beautiful 200' of oceanfront property on Lower Matecumbe Key. This offering consists of one 100' lot, vacant with TDR & contiguously, a 100' lot with a triplex apartment building (3 TDRs),.This gives you endless possibilities for redevelopment of the property. The vacant lot has an additional 200' of bay bottom. Fantastic 180° ocean views make for gorgeous sunrises on the naturally sandy beaches. View Alligator Lighthouse, watch dolphins, manatees, and birds feeding on fish right in front of you. At night, beautiful full moon risings, cruise ships with their lights passing, and plenty of stars. Launch kayaks from the beach to do a little tarpon fishing and bonefish are making a comeback so you can wade with your fly rod for a thrill. Also snorkel for lobster in season in all the little crevices and holes off shore of the property.
Recap: 200' of oceanfront made up of 1 vacant lot with TDR, 1 lot with 3 apartments, bay bottom on the vacant lot, for a total of 4 TDRs on the property
Note: One of the owners is a State of Florida Real Estate Licensee
Directions: On Overeas Highway oceanside near MM 75
Assoc/Misc Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Miscellaneous Info
Mobile Home Lot: No
Dockage
Dock: Other
Tax Exemptions
Homestead: 1
Waterfront
Oceanfront: 1
Waterview
Ocean View: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Contingent: None
Contingent Remarks: inspections
Status: Active
Property Features
Tax Exemptions: Homestead
Waterfront: Oceanfront
Waterview: Ocean View
Listing Office: Century 21 Circle- Islamorada
Last Updated: August - 16 - 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.