$4,995,000 $26,814 est/mo Sourced by Back At You

75700 Overseas Highway,Lower Matecumbe, FL 33036

Lower Matecumbe FL, 33036

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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.

Details

MLS#601323
Listing TypeFor Sale
StyleFarm or Ranch
Sub-TypeResale
StatusActive
Days On Site675
Listing Provided ByColdwell Banker Schmitt Real Estate Co. | The Prumo/Carden Team

Features

ZoningMF - Multi-Family
Acreage1.46

Market Activity 33036

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and 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 Florida Keys Board of Realtors.

The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.

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Learn More About This Property

StateFL
CountyMonroe
CityLower Matecumbe
Zip Code33036
Area22 Lower Matecumbe
Community NameMatecumbe Ocean Bay (75.0)
Listing VS Median (in Matecumbe Ocean Bay (75.0))
Price:
$4,995,000
low | high
Med:
$25,000,000
100% of Average
On Site:
675
low | high
Med:
435
100% of Average
Sourced by Back At You
Listing Updated: December 8, 2022 at 5:11:50 PM PST