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    82929 Overseas Hwy Upper Matecumbe Ky Islamorada, FL 33036

    Sponsored
    For Sale
    $5,500,000

    Commercial

    Days on Market:
    82
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 82929 Overseas Hwy Upper Matecumbe Ky

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    VC - Village Center
    APN
    00403640-000000

    Building Details

    Year built
    1963
    Number of units
    9
    Building materials
    Concrete
    Architectural style
    Other

    Coldwell Banker Schmitt Islamorada (305) 664-4470

    Listing agent Elizabeth Jolin (305) 664-4470 License #3502927

    Listing date Oct 16, 2025

    MLS# 614467 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

    Islamorada Redevelopment Opportunity

    This unique property, comprised of three parcels situated at 82925, 82929, and 82935 Overseas Hwy in Islamorada, presents a significant redevelopment opportunity. The property is zoned Village Center, which allows for a wide array of redevelopment options. Currently, the site features a combination of mobile homes, multiple apartments, and a commercial building. The Islamorada Village Planning Department recognizes 8 Market Rate Development Rights and a commercial building with 3,312 square feet of nonresidential space and an attached work yard. Located at the entrance to Islamorada, the property provides convenient access to various attractions, including world-class fishing, dining, diving, and shopping. This location offers investment potential within the Islamorada real estate market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Islamorada
    County
    Monroe
    State
    Florida
    Longitude
    -80.621315
    Latitude
    24.929772

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    FAQs

    What type of property is this?
    Mobile home & RV park - Prime Islamorada property with redevelopment potential in a desirable location.
    Where is this mobile home & rv park located?
    The property is located at 82929 Overseas Hwy Upper Matecumbe Ky Islamorada, FL.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: - Prime Redevelopment Opportunity: Three parcels zoned Village Center offer broad redevelopment possibilities.; - 8 Market Rate Development Rights: Islamorada Village Planning Department recognizes 8 development rights.; - High-Traffic Location: Situated at the gateway to Islamorada on Overseas Highway.
    (305) 393-0994
    Request Owner's contact information
    82929 Overseas Hwy Upper Matecumbe Ky Islamorada, FL 33036
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    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
    82929 Overseas Hwy Upper Matecumbe Ky Islamorada, FL 33036
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