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75700 Overseas Highway

Lower Matecumbe, FL 33036
  • $4,995,000
  • STATUS: Active
  • ON SITE: 178 Days
  • MLS #: 601323
UPDATED: 223 min ago
$4,995,000
  • 0
    BEDS
  • 1.46
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

This property presents and abundance of opportunities! 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. Lines in the aerials are approximate. Ready for Offers.

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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 Coco Plum Real Estate are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.mymiddlekeys.com/homes/129624857
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75700 Overseas Highway Lower Matecumbe, FL 33036

  • Price: $4,995,000
  • Status: Active
  • On Site: 178 Days
  • Updated: 223 min ago
  • MLS #: 601323
0
Beds
0
Baths
0
½ Baths
1.46
Acres
Neighborhood:
Matecumbe Ocean Bay (75.0)
County:
Monroe
Area:
22 - Lower Matecumbe
Property Description
This property presents and abundance of opportunities! 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. Lines in the aerials are approximate. Ready for Offers.
Exterior Features

Dockage BasinOther Dockage Land Size 1 Less Than 2 Acres Location Site Cleared SiteWater Frontage Side Bay/Gulf Waterfront Beach FrontGulf FrontOceanfrontOpen Water Waterfront YN Yes Waterview Bay ViewOcean ViewOpen Water View

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No Building Permit Active Permit City Islamorada Control Depth 5 Deed Restrictions No Flood Zone AeVe Legal Bk 1 Lt 6 And Adj Bay Btm Mat Ocean-Bay Sec-1 Amended & Extended Lower Matecumbe Key Listing Board Marathon/Lower Keys Mile Marker 75.00 Mobile Home Lot No Off Shore Island No Potential Short Sale No Potential Short Sale Financial Status No Species List Yes Survey Available Yes Tax Exemptions None Tax Year 2021 Taxes 22875.00 Total Lots 1.00 Zoning Mf - Multi-Family Attached

Listing courtesy of The Prumo/Carden Team of Coldwell Banker Schmitt Real Estate Co.: (305) 743-5181.


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 Coco Plum Real Estate are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Coco Plum Real Estate
11187 Overseas Hwy
Marathon FL, 33050