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74450 Overseas Highway, Lower Matecumbe, FL 33036

New Listing
$1,680,000
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,980 Lot Size (sq. ft.): 6,900 Status: Active
Current Price: $1,680,000 List Date: 7/05/2026 Last Modified: 7/05/2026

Description

NEW PHOTOS COMING SOON . Rare Mixed-Use Opportunity with Spectacular Ocean Views in Islamorada MM 74.5. Endless possibilities await at this highly visible, commercially zoned property located directly on the Overseas Highway at Mile Marker 74.5. Offering breathtaking open Atlantic Ocean views and exceptional highway frontage, this unique property is ideal for investors, entrepreneurs, or anyone seeking the perfect live-work lifestyle in the Florida Keys. Originally permitted as a three-unit apartment building, the property is currently configured with two primary living/work spaces, creating the opportunity for a buyer to explore the potential for a third apartment or reconfigure the property to suit their vision, subject to local approvals. Whether you're looking to maximize rental income, establish a business with residential accommodations, or create a one-of-a-kind family compound, the flexibility here is exceptional. The Neighborhood Commercial (NC) zoning opens the door to a wide variety of commercial uses while the existing residential layout also lends itself beautifully to conversion into a spacious single-family residence with incredible ocean views. Imagine waking each morning to the sunrise over the Atlantic while operating your business from one of Islamorada's most recognizable and accessible locations. The property offers generous parking, excellent visibility, fenced outdoor space, and a location surrounded by restaurants, shopping, marinas, and the best of the Florida Keys lifestyle. Opportunities with this combination of commercial frontage, residential flexibility, income potential, and unobstructed ocean views are exceptionally rare. Whether your vision is investment, business, residential living, or a combination of all three, this is a property where imagination truly becomes opportunity.

More Information MLS# 620533

Contract Information

Current Price: $1,680,000 Listing Date: 2026-07-01 Listing Board: Florida Keys List Price: $1,680,000

Location Tax Legal

Street #: 74450 Street Name: Overseas Street Suffix: Highway Key/Island: Lower Matecumbe State/Province: FL Zip Code: 33036 County: Monroe Subdivision: White Marlin Bch (74.5) Area: 22 - Lower Matecumbe

General Property Description

Realtor.COM Type: Residential - Single Family Style: Single Family Waterfront: No Pool: No Year Built: 1967 Lot Size: 60 X 115 Lot SqFt: 6900 Acres: 0.16 Living Apx SqFt: 1980 SqFt Source: Tax Records Total Bedrooms: 3 Full Baths: 2 Total Baths: 2 Rentals Allowed: With Restrictions

Status Change Info

Status: Active

Association Info

Mandatory Home Owners Asc: No Voluntary Home Owners Asc: Yes 1st Right of Refusal: No Association Fee $: 300 Assoc/Mnt Fee Per: Yearly

Building Style

Above Flood: Unknown Stories: 2 Stories

Vehicle Storage

Car(s): 4+

Property Features

Fee Includes: Other Tax Exemptions: None Waterfront: None Waterview: Ocean View; Open Water View Dockage: None Vehicle Storage: Guest Parking; Off Street Parking; Trailer Storage Furnished: Negotiable; Partially Cooling: Central Air; Ductless Heating: Central Utilities: Buyer to Verify; FKAA Interior Features: Other Specialty Rooms: Laundry Room; Workshop Appliances: Dryer; Microwave; Oven; Refrigerator; Washer Exterior Features: Fencing; Outdoor Shower; Storage Construction: CBS; Concrete Shutters: Other Floor: Laminate; Tile Roof: Concrete Roof; Tar/Gravel Roof Pets: Pets Allowed Neighborhood Feature: Bike Paths Security: No Security Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; Seller Finance Psble
Listing Office: Realty ONE Group Destination (ISL)
Last Updated: July - 05 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

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