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Oceanfront Multifamily Property
For Sale
$3,999,000

75433 Overseas Highway, Islamorada, FL 33036

Residential, Lower Matecumbe, FL

Property Size2,624 SF
Lot Size0.99 Acres
Price / SF$1,524
Days on Market42

Property Features for 75433 Overseas Highway

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R1M - Residential SF Maso
Bedrooms 4
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 3, Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 1
Parking features RV
Security features Security
Pets allowed Yes
Pool private 1
Exterior features Chickee Hut, Fencing, Sandy Beach
Fencing Fenced
Appliances Washer, Dryer, Dishwasher, Refrigerator, Oven, Microwave, Freezer, Wine Cooler, Stainless Steel Appliance(s)
Subdivision Mat Ocean Beach (75.0)
View Ocean
Standard status Active
APN 00398950000000
Size 2,624 SF
Lot size 0.99 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Lt 74 & Adj Bay Btm Matecumbe Ocean Bch Sec A Lower Matecumbe Pb2-39 Or238-293(Ii Deed 21889) Or373-122 Or467-801 Or485-
Tax Annual Amount 22731
Legal Description Lt 74 & Adj Bay Btm Matecumbe Ocean Bch Sec A Lower Matecumbe Pb2-39 Or238-293(Ii Deed 21889) Or373-122 Or467-801 Or485-

Utilities

Cooling system Central Air
Water front features Ocean Front
Water front 1

Amenities

sandy beach
pool
beachside tiki huts
observation pier
concrete boat ramp
rock jetties

Building Details

Year built 1970
Floors in Building 1
Number of units 2
Flooring type Tile, Concrete
Building materials Concrete, Stucco
Roof type Metal, Concrete
Listing Agency: Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
Listed By: Kelsey Caputo - Frins · License #3422202
Added: Sep 11 Changed: Oct 22 Last Checked: Oct 22 at 3:06AM
MLS# 621270

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.

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Investment Insights

Based on property information with market context.

This oceanfront multifamily property includes a 3-bedroom, 3-bathroom main residence and a separate 1-bedroom, 1-bathroom guest house. The buildings total 2,624 square feet on a 0.99-acre parcel. A sandy beach, private pool, two tiki huts, observation pier, concrete boat ramp, and rock jetties are among the waterfront features. The property also has central air, impact windows and doors, and a metal roof.

Located on Overseas Highway in Lower Matecumbe, the property is zoned R1M - Residential SF Maso. Its two separate residences and waterfront improvements define the property's configuration.

Key Highlights

  • Two separate residences: a 3‑bedroom, 3‑bathroom main home and a 1‑bedroom, 1‑bathroom guest house
  • Oceanfront property with sandy beach and private pool
  • 0.99‑acre parcel with 2,624 square feet of building area

Property Analytics

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Lease Details

2
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

31
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Two residences include a three-bedroom main home and a separate one-bedroom guest house.
Where is this multifamily property located?
The property is located at 75433 Overseas Highway Islamorada, FL.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: Two separate residences: a 3‑bedroom, 3‑bathroom main home and a 1‑bedroom, 1‑bathroom guest house; Oceanfront property with sandy beach and private pool; 0.99‑acre parcel with 2,624 square feet of building area
More about this property
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