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    Oceanfront Property with Redevelopment Potential

    75131 Overseas Highway Islamorada, FL 33036

    75131 Overseas Highway, Islamorada, FL, 33036
    $6,495,000
    For Sale
    Claim this Listing
    $6,495,000

    LAND - Lower Matecumbe, FL

    Lot Size1.10 Acres
    AddedMar 1, 2024
    Days on Market867
    Last RefreshJul 16 at 8:06 am

    Property Features for 75131 Overseas Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1 - Residential Single F
    Standard status
    Active
    APN
    00398880-000000
    Lot size
    1.10 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    Lots 67 and 66, plus baybottom adjacent to Loys 66 of Matecumbe Ocean Beach Section A Lower Matecembe PB2-3
    Tax Annual Amount
    27699

    Utilities

    Water front features
    Ocean Front
    Water front
    1

    Listing agent Randy Selden License #0313574

    Listing office Century 21 Circle- Islamorada 86002 Overseas Highway, Orange Park, FL

    Listing date Mar 1, 2024

    MLS# 608979 Listing URL

    Copyright © 2026 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This property features 200 feet of oceanfront land located in Lower Matecumbe Key. The offering includes a 100-foot vacant lot with Transferable Development Rights (TDR) and a contiguous 100-foot lot improved with a triplex apartment building, which includes 3 TDRs. The combination of these lots provides redevelopment possibilities. The vacant lot also includes an additional 200 feet of bay bottom. The property offers 180-degree ocean views and naturally sandy beaches. The location allows for viewing Alligator Lighthouse, dolphins, manatees, and birds. The property also allows for launching kayaks from the beach for fishing. Snorkeling for lobster is possible in season. The property consists of one vacant lot with TDR and one lot with 3 apartments, with a total of 4 TDRs.

    Key Highlights

    • 200' of Oceanfront Property: Enjoy a premium coastal experience with substantial ocean frontage.
    • Redevelopment Potential: Vacant lot and triplex offer options for new construction or renovation.
    • Comes with 4 Transferable Development Rights (TDRs): Enhancing development flexibility.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Big Box & Wholesale Store Restaurant Veterinary Clinic Grocery & Convenience Store Gym & Fitness Center Supermarket Food Market Fish Market Real Estate Agency Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Waterfront Land - 200' oceanfront with triplex and vacant lot.
    Where is this waterfront land located?
    The property is located at 75131 Overseas Highway Islamorada, FL.
    What is the asking price?
    The asking price for this property is $6,495,000.
    What are key features of this property?
    This property features: 200' of Oceanfront Property: Enjoy a premium coastal experience with substantial ocean frontage.; Redevelopment Potential: Vacant lot and triplex offer options for new construction or renovation.; Comes with 4 Transferable Development Rights (TDRs): Enhancing development flexibility.
    Contact an agent
    (305) 481-6732
    We can help!
    Contact an agent
    Randy Selden
    Randy Selden
    Real Estate License ID: 0313574
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