75700 Overseas Highway

ISLAMORADA, FL, 33036

$4,995,000

$4,995,000
Active
Active
 - For Sale
property_type
Land
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.
MLS® ID:
601323
Listed:
6/8/22
Updated:
8/15/22
Sotheby’s International Realty
Sebastian Del Negro

Exterior/Building Features

Lot Size
1.46 acres lot

Other Property Details

Area Name
Lower Matecumbe
Taxes
$22875
Tax Frequency
per YEAR
Garage
No
View
Y
County
Monroe
Zoning
MF - Multi-Family Attached

 

Courtesy of The Prumo/Carden Team, Coldwell Banker Schmitt Real Estate Co.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys Board of Realtors®, Florida Keys MLS, Inc. Real Estate Listings held by brokerage firms other than Sotheby’s International Realty are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

Copyright 2022 Florida Keys Board of Realtors®, Florida Keys MLS, Inc.

Data last updated: 8/15/22

Sotheby’s International Realty
Sebastian Del Negro
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