Oceanfront Property with Redevelopment
75131 Overseas Highway Islamorada, FL 33036
75131 Overseas Highway, Islamorada, FL, 33036
$6,495,000
For Sale
$6,495,000
LAND - Lower Matecumbe, FL
Lot Size1.10 Acres
Days on Market868
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 Agency
Century 21 Circle- Islamorada
(305) 664-4637
86002 Overseas Highway, Orange Park, FL
Listed by
Randy Selden · License #0313574
(305) 481-6732
Added: Mar 1, 2024 Checked: Jul 17 at 9:06 am
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
Similar For Sale Nearby
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.
