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    75131 Overseas Hwy Islamorada, FL 33036

    Sponsored
    For Sale
    $6,495,000

    Vacant Land - Lower Matecumbe, FL

    Days on Market:
    168
    Last Refresh:
    Jan 8 at 4:06 pm

    Property Features for 75131 Overseas Hwy

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R1 - Residential Single Family
    APN
    00398880-000000

    Utilities

    Water front features
    Oceanfront, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    Schwartz Property Sales (904) 269-7117 [email protected]

    Listing agent Randy Selden (305) 664-4637 License #0313574

    Listing date Jul 25, 2025

    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.

    Overview

    Oceanfront Land with Redevelopment Potential

    This offering features 200 feet of oceanfront property located in Lower Matecumbe Key. It includes a 100-foot vacant lot with Transferable Development Rights (TDR) and an adjacent 100-foot lot improved with a triplex apartment building, which includes 3 TDRs. The property's zoning is R1 - Residential Single Family. The vacant lot also includes an additional 200 feet of bay bottom. The location offers 180-degree ocean views, ideal for observing sunrises over the naturally sandy beaches. The area is known for sightings of Alligator Lighthouse, dolphins, manatees, and various bird species feeding on fish. Nighttime views include moon risings, cruise ships, and stars. The beach provides access for launching kayaks, with opportunities for tarpon fishing. Bonefish are also returning to the area, offering chances for fly fishing. Snorkeling for lobster is possible during the season in the crevices and holes offshore. The property offers possibilities for redevelopment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Realty agency Wholesale Shop Clothing Store Gym & Fitness Hotel & Motel Food Market Grocery Store Veterinary Clinic Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Islamorada
    County
    Monroe
    State
    Florida
    Longitude
    -80.717823
    Latitude
    24.86124

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    FAQs

    What type of property is this?
    Triplex - 200' oceanfront property with redevelopment possibilities in Lower Matecumbe, FL.
    Where is this triplex located?
    The property is located at 75131 Overseas Hwy 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: A substantial oceanfront parcel offering significant value.; - Redevelopment Potential: Includes a vacant lot and a lot with a triplex.; - Total of 4 Transferable Development Rights (TDRs) included, enhancing development possibilities.
    (305) 481-6732
    Request Owner's contact information
    75131 Overseas Hwy Islamorada, FL 33036
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    75131 Overseas Hwy Islamorada, FL 33036
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