Waterfront Restaurant and Cabana
For Sale
$18,000,000
96 Madeira Road Upper Matecumbe Key, Islamorada, FL 33036
Commercial Sale, Upper Matecumbe Key Islamorada, FL
Property SizeContact for details
Days on Market572
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
full service bar
special event tiki bar
private party & tournament hosting area
dockage
beach
boat ramp
boat slips
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 19
Last Checked: Sep 3 at 6:06PM
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.
This operating restaurant and cabana bar property combines a full-service bar, outdoor dining, private event and tournament areas, and a separate special-event tiki bar. The sale includes the real estate and business, along with a concrete support building containing a gift shop, bathrooms, laundry, prep kitchen, and storage. Main kitchen facilities, beach access, dockage, a boat ramp, and two on-site boat slips are also included.
The property encompasses over 5 acres on Upper Matecumbe Key, with more than 1,000 feet of bay frontage and 500 feet along the highway. Outdoor dining accommodates 250 seats. A parking, lighting, and drainage project was completed in 2020, and the site offers four additional on-site building rights. Zoning is HC - Highway Commercial.
The property encompasses over 5 acres on Upper Matecumbe Key, with more than 1,000 feet of bay frontage and 500 feet along the highway. Outdoor dining accommodates 250 seats. A parking, lighting, and drainage project was completed in 2020, and the site offers four additional on-site building rights. Zoning is HC - Highway Commercial.
Key Highlights
- Over 5 acres with more than 1,000 feet of bay frontage
- 500 feet of highway frontage on Upper Matecumbe Key
- 250‑seat outdoor restaurant with private event and tournament areas
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
596
Businesses Nearby
16k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 84%
Apparel 16%
Wendy's
Dining
11,012 visits/mo
0.2 miles
Shrimp Shack
Dining
2,772 visits/mo
0.2 miles
West Marine
Apparel
2,656 visits/mo
0.1 miles
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 - Operating restaurant property with event space, dockage, a boat ramp, and 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: Over 5 acres with more than 1,000 feet of bay frontage; 500 feet of highway frontage on Upper Matecumbe Key; 250‑seat outdoor restaurant with private event and tournament areas
