Bayfront Restaurant and
For Sale
$18,000,000
96 Madeira Road Upper Matecumbe Key, Islamorada, FL 33036
COMMERCIAL - Upper Matecumbe Key Islamorada, FL
Property SizeContact for details
Days on Market555
Property Features for 96 Madeira Road Upper Matecumbe Key
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HC - Highway Commercial
Bathrooms
1
Half bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Appliances
Refrigerator, Dishwasher
Subdivision
Strattons (82.5)
Directions
At mile marker 82 bayside.
Standard status
Active
APN
00399370-000000
Taxes and HOA fees
Tax Year
2023
Tax Description
BLK 3 LTS 5 THRU 9 AND BLK 4 WLY 217 FT LOT 1 AND PT OF LOTS 1, 2, 3 AND 4 LYING NWLY OF BASIN AND PT OF BAY BTM NWLY OF
Tax Annual Amount
48211
Legal Description
BLK 3 LTS 5 THRU 9 AND BLK 4 WLY 217 FT LOT 1 AND PT OF LOTS 1, 2, 3 AND 4 LYING NWLY OF BASIN AND PT OF BAY BTM NWLY OF
Utilities
Utilities
Propane
Water front
1
Amenities
dockage
beach
boat ramp
boat slips
private party area
tiki bar
gift shop
Building Details
Year built
2011
Floors in Building
1
Building materials
CBS, Frame, Combo Construction
Listing Agency:
Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
(305) 664-4444
Listed By:
The Lindback Team · License #30590270
(305) 907-9717
Added: Feb 8, 2025
Changed: Aug 4
Last Checked: Aug 17 at 4:06AM
MLS# 613627
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.
An iconic Islamorada restaurant and cabana bar is offered for sale with real estate included. The property spans bayfront with extensive outdoor space, featuring a full-service bar and a 250-seat outdoor restaurant, along with areas identified for private parties and tournament hosting. The listing also notes a main kitchen and a special-event tiki bar, dockage, beach, and boat ramp.
Site improvements include a new parking lot, lighting, and drainage completed in 2020. A concrete building constructed in 2015/2016 is described as including a gift shop, bathrooms, laundry, prep kitchen, and storage.
The offering totals over five acres, with approximately 1,000 feet of bayfront and 500 feet of highway frontage noted in the remarks. Zoning is listed as HC - Highway Commercial, and the sale includes 4 on-site building rights and 2 boat slips in the Islamorada Yacht Basin adjacent to the property. A survey is available, and additional information is provided upon request under NDA and proof of funds requirements.
Site improvements include a new parking lot, lighting, and drainage completed in 2020. A concrete building constructed in 2015/2016 is described as including a gift shop, bathrooms, laundry, prep kitchen, and storage.
The offering totals over five acres, with approximately 1,000 feet of bayfront and 500 feet of highway frontage noted in the remarks. Zoning is listed as HC - Highway Commercial, and the sale includes 4 on-site building rights and 2 boat slips in the Islamorada Yacht Basin adjacent to the property. A survey is available, and additional information is provided upon request under NDA and proof of funds requirements.
Key Highlights
- Islamorada restaurant & cabana bar for sale with over 5 acres and 1,000+ ft of bayfront plus 500 ft of Highway frontage
- Includes full‑service bar with 5 COP liquor license and a 250‑seat outdoor restaurant with private party & tournament hosting area
- New parking lot, lighting, and drainage completed in 2020, with room to expand parking and the business
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33036, FL
3,541
Population
3,651
Households
1
Avg Household Size
56
Median Age
40%
College-Educated
97%
High-School Grad
5.8 sq mi
ZIP Area
611
Density / Sq Mi
$88,214
Median Household Income
$46,735
Median Earnings
$1,846
Median Rent
$995,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Iconic restaurant and cabana bar with full-service bar, outdoor dining, and bayfront access along Highway Commercial zoning.
Where is this conventional restaurant located?
The property is located at 96 Madeira Road Upper Matecumbe Key Islamorada, FL.
What is the asking price?
The asking price for this property is $18,000,000.
What are key features of this property?
This property features: Islamorada restaurant & cabana bar for sale with over 5 acres and 1,000+ ft of bayfront plus 500 ft of Highway frontage; Includes full‑service bar with 5 COP liquor license and a 250‑seat outdoor restaurant with private party & tournament hosting area; New parking lot, lighting, and drainage completed in 2020, with room to expand parking and the business
