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.
- Price:
- $4,995,000
- Acreage:
- 1.46
- Listing ID #:
- 601323
- Street Address:
- 75700 Overseas Hwy
- City:
- Islamorada
- State:
- Florida
- Postal Code:
- 33036
- County:
- Monroe
- Community:
- 22 - Lower Matecumbe
- Subdivision:
- Matecumbe Ocean Bay (75.0)
- Listing Status:
- Active
- Listing Type:
- Vacant Land
- Conforms To Zoning:
- Mf - Multi-Family Attached
- Federal Flood Zone:
- Ae, Ve
- Lot Description:
- Cleared Site, Water Frontage
- Lot Size:
- 1 Less Than 2 Acres
- Lot Square Footage:
- 63598.00
- Total Number Of Lots:
- 1.00
- Days On Market:
- 177
- Property Taxes:
- $22,875
- Tax Year:
- 2021
- Dock Description:
- Basin, Other Dockage
- Control Depth:
- 5
- Water View Description:
- Bay View, Ocean View, Open Water View
- Waterfront:
- Yes
- Waterfront Footage:
- Beach Front, Gulf Front, Oceanfront, Open Water
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Coldwell Banker Schmitt Real Estate Co.
