81910 & 81908 Overseas Highway
Upper Matecumbe Key Islamorada, FL 33036
- – beds
- – baths
- – sqft
- ~3/4 acre lot
- – on site
Once in a lifetime investment in the heart of Islamorada. This exceptional property offers a wide range of potential uses as it includes two Village Center parcels stretching from Highway to Bay, currently featuring a spacious 3,995 sqft restaurant and bar with a coveted 5COP liquor license - no food quota.Village Center zoning allows for multiple use opportunities including, but not limited to, single family estate, multi family compound, luxury townhomes, vacation rentals, restaurants, marinas, general store with package sales, and much more.The property spans 30,415 sqft. Includes a Bayfront boat basin, providing dockage for up to 7 vessels and there is adequate depth for an additional 100' dock to be constructed.The Village of Islamorada officially recognizes three waterfront market-rate dwelling units . The three waterfront Transferable Development Rights (TDRs) can be utilized onsite, transferred to another location, or sold to a receiver site. The Village Center Zoning would allow up to 8 market-rate dwelling units to be developed on site for a new luxury townhome community, with the transfer in of additional TDRs.Whether you're looking to rehab a local iconic business, start a new business, redevelop the entire site, or create a spectacular residential estate, this unicorn property is perfectly located. ***Buyer to verify ALL information.***
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Mar 24, 2025
•
MLS# 611386 —
Financial & Terms
-
Terms:Buyer Obtain Finance
The Property
-
Parcel #:00399290-000000
-
Property Rights:Tranfrble Dev Right, Misc Property Rights, Multi-Use/Commercial, Beverage License
-
Location/Site:Highway Frontage, Water Frontage
-
Total Lots:2.00
-
Lot SqFt:30415.00
-
Land Size:1/2 - Less Than 1 AC, More than 1 Lot
-
Zoning:VC - Village Center
-
Waterfront:Yes
-
Flood Zone:VE,AE,AE,AE,0.2 PCT
Listing Agent
- Contact info:
- Agent phone:
- (305) 522-3652
- Office phone:
- (305) 712-8888
Taxes
-
Tax Year:2023
-
Taxes:15880.00
-
Tax Exemptions:None
The Listing
-
UnBranded Virtual Tour:http://tours.keyspropertyvisuals.com/vtnb/350483
-
Bank Owned:No
Utilities
-
Existing Utilities:Electric on Site, Water Meter, Water Line, Sewer
The Community
-
Subdivision:Strattons (82.5)
-
Waterview:Open Water View, Bay View
-
Waterfront:Bay Front, Open Water
-
Dockage:Basin
-
Dockage: Seawall:Concrete
-
Assoc/Misc Info: Mandatory Home Owners Asc:No
Monthly cost estimate
Asking price
$6,995,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$37,456
|
| Taxes | $1,323 |
| Insurance | $1,923 |
| Utilities | N/A |
| Total | $40,702/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/2/25
Jan 2, 2025
|
Price Changed | FLKMLS | $6,995,000 | -6.7% |
|
9/7/24
Sep 7, 2024
|
Listed / Active | FLKMLS | $7,500,000 |
