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Waterfront Commercial Asset with Redevelopment Potential

74560 Overseas Highway, Islamorada, FL 33036

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For Sale

$3,399,000

COMMERCIAL - Lower Matecumbe, FL

Property size:

6,071 SF

Lot size:

0.35 Acres

Price / SF:

$559/SF

HighLights

Ocean‑front waterfront property on 74560 Overseas Highway with 100 feet of seawall and access accommodating up to 8 slips
15,000 SF parcel with generous on‑site parking and U.S. 1 frontage
Zoning supports 4 affordable housing units plus 1 market‑rate residence and 5,640 SF of commercial space
Existing 1983 structure with expansive wraparound windows offering Atlantic Ocean views
Top‑floor penthouse suite suited for owner occupancy, executive housing, or premium rental use (subject to approvals)
Building configuration can also accommodate a rooftop helipad

We can help!

Listing Contact

Alina Davis

For Sale

$3,399,000

COMMERCIAL - Lower Matecumbe, FL

Property size:

6,071 SF

Lot size:

0.35 Acres

Price / SF:

$559/SF

Added:: Feb 16, 2026
Days on Market:: 121
Last Refresh:: Jun 17 at 9:06 pm

Property Features for 74560 Overseas Highway

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: CF - Commercial Fishing
Bedrooms: 3
Bathrooms: 3
Rooms: Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 3, Bathroom 2
Appliances: Refrigerator, Washer, Dryer, Dishwasher
Standard status: Active
APN: 00394480-000105
Size: 6,071 SF
Lot size: 0.35 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: MATECUMBE SANDY BEACH PB3-127 LOWER MATECUMBE KEY PT TRACT 5 (AKA PARCEL #5)
Tax Annual Amount: 20435

Utilities

Water front features: Ocean Front
Water front: 1

Building Details

Year built: 1983
Floors in Building: 3
Building materials: CBS

We can help!

Listing Contact

Alina Davis

Listing agent Alina Davis License #3216995

Listing office Coldwell Banker Schmitt Islamorada 85990 Overseas Highway, ISLAMORADA, FL

Listing date Feb 16, 2026

MLS# 618699

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.

HighLights

Ocean‑front waterfront property on 74560 Overseas Highway with 100 feet of seawall and access accommodating up to 8 slips
15,000 SF parcel with generous on‑site parking and U.S. 1 frontage
Zoning supports 4 affordable housing units plus 1 market‑rate residence and 5,640 SF of commercial space
Existing 1983 structure with expansive wraparound windows offering Atlantic Ocean views
Top‑floor penthouse suite suited for owner occupancy, executive housing, or premium rental use (subject to approvals)
Building configuration can also accommodate a rooftop helipad

Overview

Located at 74560 Overseas Highway in Lower Matecumbe, FL, this waterfront commercial asset offers multiple revenue paths and significant redevelopment potential. The property is situated on a 15,000 square foot parcel with generous on-site parking and 100 feet of seawall, capable of accommodating up to 8 slips. It provides premier highway exposure and immediate access to Florida Bay and the Atlantic Ocean. The property is zoned CF - Commercial Fishing, which supports four affordable housing units, one market-rate residence, and 5,640 square feet of commercial space, creating a layered income strategy that blends residential density with marine-oriented business activity. The existing structure features expansive wraparound windows framing sweeping Atlantic views, plus a top-floor penthouse suite suited for owner occupancy, executive housing, or premium rental use, subject to approvals. The building configuration can also accommodate a rooftop helipad. Commercial Fishing zoning allows for uses such as a destination restaurant, seafood market, marine outfitter, charter or backcountry fishing headquarters, marina-support retail, or other enterprises aligned with the working waterfront. This is a high-visibility, commercial platform where housing, marine access, and US-1 frontage intersect to create compelling long-term value.

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Location Insight

Map
Local Demand

City: Islamorada
County: Monroe
State: Florida
Longitude: -80.728779
Latitude: 24.857004

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For sale
Storefront properties
FL
Islamorada
33036
74560 Overseas Highway

What type of property is this?

Storefront property - Waterfront commercial property with redevelopment and multiple revenue paths.

Where is this storefront property located?

The property is located at 74560 Overseas Highway Islamorada, FL.

What is the asking price?

The asking price for this property is $3,399,000.

What are key features of this property?

This property features: Ocean‑front waterfront property on 74560 Overseas Highway with 100 feet of seawall and access accommodating up to 8 slips; 15,000 SF parcel with generous on‑site parking and U.S. 1 frontage; Zoning supports 4 affordable housing units plus 1 market‑rate residence and 5,640 SF of commercial space

74560 Overseas Highway, Islamorada, FL 33036

COMMERCIAL - Lower Matecumbe, FL

Property Features for 74560 Overseas Highway

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

81901 Overseas Hwy, Islamorada, FL, 33036-3647

Waterfront Commercial Land Opportunity

200 Treasure Harbor Dr, Islamorada, FL, 33036-3136

Waterfront Compound in Lower Matecumbe

Waterfront Commercial Asset with Redevelopment Potential

Bayfront Land in Islamorada, FL

Islamorada Waterfront Land For Sale

Islamorada Mixed-Use Commercial Property

Islamorada Legacy Ice Cream Business

Waterfront Land in Port Antigua

Waterfront Lot with Active Permits

Waterfront Lot Ready for Construction

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