Oceanfront Property with Redevelopment
For Sale
$5,999,000
75131 Overseas Highway, Islamorada, FL 33036
LAND - Lower Matecumbe, FL
Property SizeContact for details
Lot Size0.83 Acres
Days on Market904
Property Features for 75131 Overseas Highway
General Information
Property type
Land
Property subtype
Other
Zoning
R1 - Residential Single F
Subdivision
Mat Ocean Beach (75.0)
View
Ocean
Directions
On Overeas Highway oceanside near MM 75
Standard status
Active
APN
00398880-000000
Lot size
0.83 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
Legal Description
Lots 67 and 66, plus baybottom adjacent to Loys 66 of Matecumbe Ocean Beach Section A Lower Matecembe PB2-3
Utilities
Water front features
Ocean Front
Water front
1
Listing Agency:
Century 21 Circle- Islamorada
(305) 664-4637
Listed By:
Randy Selden · License #0313574
(305) 481-6732
Added: Mar 1, 2024
Changed: Aug 17
Last Checked: Aug 22 at 6:06PM
MLS# 608979
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
Current Use
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Land - 200' oceanfront with triplex and vacant lot.
Where is this land located?
The property is located at 75131 Overseas Highway Islamorada, FL.
What is the asking price?
The asking price for this property is $5,999,000.
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.
