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$3,999,999
Lower Matecumbe, FL 33036
MLS# 619064
2 beds | 2 baths | 928 sqft
1 / 24
Property Description
Estate Opportunity Spanning 34,409 SF, this exceptional parcel offers a scale uncommon in Islamorada, providing the foundation for a spectacular Florida Keys residential estate. The exceptional lot size allows a discerning buyer to imagine the best. The site easily accommodates the vision of an estate property with pool, tennis or pickleball court, expansive outdoor living, caretaker's cottage, and generous waterfront dockage--all while maintaining privacy rarely achieved in the Keys. Positioned on a deep basin, the property provides protected dockage while being only seconds from Florida Bay and minutes under the bridge to the Atlantic Ocean, placing world-class backcountry and offshore fishing within immediate reach. An existing legal nonconforming home with a waterfront swimming pool currently sits on the property and may be used as a residence or rental while architectural plans and permits are finalized, offering flexibility during the planning process. For buyers who understand the value of land in the Florida Keys, this offering represents something increasingly difficult to find: the opportunity to create a custom waterfront estate tailored entirely to your vision, rather than inheriting someone else's. A remarkable parcel for a remarkable build.
Details
Maps
Contract Information
Listing Board: Florida Keys
As is Rght to Inspct: Yes
Species List: Yes
Current Price: $3,999,999
Listing Date: 2026-03-13
List Price: $3,999,999
Location, Tax & Legal
City: ISLAMORADA
Off Shore Island: No
Mile Marker: 75
Marathon Neighborhood: N/A
Side: Bay/Gulf
Flood Zone: AE,AE,AE
Alternate Key #: 1489727
Parcel #: 00397200-000000
Zoning: RE - Residential Estate
Deed Restrictions: No
Legal: BK 5 LT 5 MATECUMBE OCEAN BAY SEC 2 PB2-98 LOWER MATECUMBE KEY
Taxes: 17789.05
Tax Year: 2025
Pub Sewer HkUp: Yes
Street #: 77340
Street Name: Overseas
Street Suffix: Highway
Key/Island: Lower Matecumbe
State/Province: FL
Zip Code: 33036
County: Monroe
Subdivision: Matecumbe Ocean Bay (75.0)
Area: 22 - Lower Matecumbe
General Property Description
Realtor.COM Type: Residential - Single Family
Waterfront: Yes
Control Depth: 5
Lot Size: X
Lot SqFt: 34409
Pool: Yes
Lot Sqft Source: Tax Records
Total Units: 1
Acres: 0.79
SqFt Source: Tax Records
Rentals Allowed: With Restrictions
Style: Single Family
Year Built: 1963
Living Apx SqFt: 928
Total Bedrooms: 2
Full Baths: 2
Total Baths: 2
Remarks & Misc
Remarks – Consumer: Estate Opportunity
Spanning 34,409 SF, this exceptional parcel offers a scale uncommon in Islamorada, providing the foundation for a spectacular Florida Keys residential estate.
The exceptional lot size allows a discerning buyer to imagine the best. The site easily accommodates the vision of an estate property with pool, tennis or pickleball court, expansive outdoor living, caretaker's cottage, and generous waterfront dockage--all while maintaining privacy rarely achieved in the Keys.
Positioned on a deep basin, the property provides protected dockage while being only seconds from Florida Bay and minutes under the bridge to the Atlantic Ocean, placing world-class backcountry and offshore fishing within immediate reach.
An existing legal nonconforming home with a waterfront swimming pool currently sits on the property and may be used as a residence or rental while architectural plans and permits are finalized, offering flexibility during the planning process.
For buyers who understand the value of land in the Florida Keys, this offering represents something increasingly difficult to find: the opportunity to create a custom waterfront estate tailored entirely to your vision, rather than inheriting someone else's.
A remarkable parcel for a remarkable build.
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0
Fee Includes
Other: 1
Dockage
Seawall: Other
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Dryer: 1
Microwave: 1
Oven: 1
Refrigerator: 1
Pets
Pets Allowed: 1
Cooling
Central Air: 1
Waterfront
Open Water: 1
Waterview
Canal View: 1
Property Condition
Updated/Remodeled: 1
Specialty Rooms
Laundry Room: 1
Building Style
Above Flood: No
Stories: 2 Stories
Vehicle Storage
Open Parking: 1
Construction
CBS: 1
Land Size
1/2 - Less Than 1 AC: 1
Furnished
Negotiable: 1
Utilities
Buyer to Verify: 1
Elect Separate Meter: 1
FKAA: 1
Municipal Sewer: 1
Porch/Balcony
Open Porch/Balcony: 1
Pool Info
In Ground: 1
Decked: 1
Status Change Info
Status: Active
Property Features
Fee Includes: Other
Tax Exemptions: None
Waterfront: Open Water
Waterview: Canal View
Property Condition: Updated/Remodeled
Vehicle Storage: Open Parking
Furnished: Negotiable
Cooling: Central Air
Utilities: Buyer to Verify; Elect Separate Meter; FKAA; Municipal Sewer
Specialty Rooms: Laundry Room
Appliances: Dishwasher; Dryer; Microwave; Oven; Refrigerator
Pool Info: In Ground; Decked
Construction: CBS
Pets: Pets Allowed
Land Size: 1/2 - Less Than 1 AC
Listing Office: Coldwell Banker Schmitt Islamorada
Last Updated: March - 13 - 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.