• 75131 Overseas Highway HIGHWAY Islamorada, FL 33036

  • $6,995,000
  • 3
    Bed(s)
  • 3
    Baths
  • 1,500
    Sq Ft

Beautiful 300' of oceanfront property on Lower Matecumbe Key. This offering consists of two 100' lots, vacant & contiguous, a 100' lot with a triplex apartment building, and 2 additional Transferable Development Rights. This gives you endless possibilities for redevelopment of the property. The two vacant lots have an additional 200' of bay bottom. Fantastic 180 ocean views make for gorgeous sunrises on the naturally sandy beaches. View Alligator Lighthouse, watch dolphins, manatees, and birds feeding on fish right in front of you. At night, beautiful full moon risings, cruise ships with their lights passing, and plenty of stars. Launch kayaks from the beach to do a little tarpon fishing and bonefish are making a comeback so you can wade with your fly rod for a thrill. Also snorkel for lobster in season in all the little crevices and holes off shore of the property.Recap: 300' of oceanfront made up of 2 vacant lots, 1 lot with 3 apartments, bay bottom on the vacant lots, and 2 additional transferable building rights.Note: One of the owners is a State of Florida Real Estate Licensee

Property Type :

Residential - Single Family

Subdivision :

Strattons (82.5)

County :

Monroe

Style :

Residential - Single Family

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Property Details

 

Bedroom Information

Total Bedrooms : 3

Bathroom Information

Total Baths: 3

Full Baths: 3

Interior Features

Appliances : No Appliances

Heating & Cooling

Water Front: Yes

Oceanfront

Ocean View

Building Information

Year Built: 1957

Total Units: 3.00

Floor Location: 48000

Construction: Concrete

Lot Information

Lot Dimensions: 300' wide X 160' deep

Lot SqFt: 48,000

Lot SqFt Source: Tax Records

Lots 67, 66, & 65 plus bay bottom adjacent to Lots 66 & 65 of Matecube Ocean Beach Section A Lower Matecumbe PB2-39

Property Information

SQ ft (Living Area): 1,500

View: Ocean View

Subdivision: Mat Ocean Beach (75.0)

Listing Price Information

List Price: $6,995,000

Tax Information

Taxes: $27,699

Tax Year: 2023

Parcel Number: 00398880-000000

Tax Exemptions : None

Multi-Unit Information

Pets Allowed: Pets Allowed

Homeowners Association Information

Mandatory Home Owners Asc : No

1st Right of Refusal : No

Association Fee $0.00

Utility Information

FKAA,Municipal Sewer

Nearby Home Value

ByOwner last updated this listing 04/26/2024 @ 23:23

MLS: 608546
LISTED BY: Randy Selden , Century 21 Circle
SOURCE: Florida Keys MLS, Inc.
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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