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150 List Street, Upper Matecumbe Key Islamorada, FL 33036

$4,900,000
Property Type: Residential Bedrooms: 1 Baths: 1 Square Footage: 946 Lot Size (sq. ft.): 34,000 Status: Active
Current Price: $4,900,000 List Date: 3/04/2026 Last Modified: 3/04/2026

Overview

Description

Discover an extraordinary opportunity to own 34,000 square feet of prime bayfront real estate in one of Islamorada's most coveted and private enclaves. Boasting 100+ feet of pristine bay frontage, this exceptional property captures open water views, serene sunsets, and the essence of the Florida Keys lifestyle. Tucked within the property is a charming ground level 1950s cottage offering one bedroom and one bathroom - ideal as a weekend escape, guest retreat, or comfortable interim residence while you bring your custom waterfront vision to life. For boating enthusiasts, the estate offers dockage with direct bay access, placing world-class fishing, sandbars, and crystal-clear waters just moments away. A permit has been submitted to repair and expand the existing dock and add two boat lifts (20,000 lb and 16,000 lb), significantly enhancing the property's boating capabilities and long-term value. Surrounded by multimillion-dollar estate home sales, this offering represents a rare chance t ...

Listing Details MLS# 618918

Location, Tax & Legal

Street #
150
Street Name
List
Street Suffix
Street
Key/Island
Upper Matecumbe Key Islamorada
State/Province
FL
Zip Code
33036
County
Monroe
Subdivision
Strattons (82.5)
Area
23 - Upper Matecumbe
City
ISLAMORADA
Mile Marker
82.5
Marathon Neighborhood
N/A
Side
Bay/Gulf
Flood Zone
AE,VE,AE,AE
Alternate Key #
1492078
Parcel #
00399820-000000
Zoning
RE - Residential Estate
Deed Restrictions
No
Legal
SQR 6 PT LOT 2 AND ADJ BB AND PT LOT 1 STRATTONS SUBD PB 2-38 UPPER MATECUMBE G24-94 G35-254 G37-403 G37-519 OR366-8(II
Taxes
5995.43
Tax Year
2025
Pub Sewer HkUp
Yes

Contract Information

Listing Board
Florida Keys
Species List
No

General Property Description

Realtor.COM Type
Residential - Single Family
Style
Single Family
Waterfront
Yes
Control Depth
5
Pool
No
Year Built
1950
Lot SqFt
34000
Lot Sqft Source
Property Data Card
Living Apx SqFt
946
SqFt Source
Property Data Card
Total Bedrooms
Yes
Full Baths
Yes
Total Baths
Yes
Rentals Allowed
With Restrictions
Total Units
0

Association Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No
Association Fee $
0

Dockage

Dock Length
65
Dock
Wood
Dock Permit
Applied For

More Information

Building Style

Above Flood
No
Ground Level
Yes

Remarks & Misc

Remarks – Consumer
Discover an extraordinary opportunity to own 34,000 square feet of prime bayfront real estate in one of Islamorada's most coveted and private enclaves. Boasting 100+ feet of pristine bay frontage, this exceptional property captures open water views, serene sunsets, and the essence of the Florida Keys lifestyle. Tucked within the property is a charming ground level 1950s cottage offering one bedroom and one bathroom - ideal as a weekend escape, guest retreat, or comfortable interim residence while you bring your custom waterfront vision to life. For boating enthusiasts, the estate offers dockage with direct bay access, placing world-class fishing, sandbars, and crystal-clear waters just moments away. A permit has been submitted to repair and expand the existing dock and add two boat lifts (20,000 lb and 16,000 lb), significantly enhancing the property's boating capabilities and long-term value. Surrounded by multimillion-dollar estate home sales, this offering represents a rare chance to secure a premier bayfront parcel in one of Islamorada's most sought-after locations. With the existing estate slated for demolition and redevelopment, the conceptual renderings unveil a spectacular 4,872-square-foot custom residence offering five bedrooms, five and a half bathrooms, a three-car garage, and a resort style pool - all thoughtfully designed to capture water views from every vantage point. This vision blends refined indoor living with outdoor elegance, creating a seamless waterfront sanctuary. Whether you envision a private coastal retreat or an entertainer's paradise, this remarkable bayfront estate offers endless possibilities in an unparalleled setting.
Directions
From US1, turn bayside at MM 82.2 onto List St. Property on right, take gravel driveway. Sign on property.

Fee Includes

None
Yes

Tax Exemptions

None
Yes

Appliances

Dishwasher
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes

Pets

Pets Allowed
Yes

Cooling

Ceiling Fans(s)
Yes
Ductless
Yes
Wall/Window Unit(s)
Yes

Heating

Ductless
Yes
Electric
Yes

Waterfront

Bay Front
Yes
Gulf Front
Yes
Open Water
Yes

Waterview

Bay/Gulf View
Yes
Open Water View
Yes

Floor

Tile
Yes
Wood
Yes

Interior Features

Granite Counter Top
Yes

Windows/Doors

Impact Rstnce Doors
Yes
Impact Rstnce Window
Yes

Vehicle Storage

Open Parking
Yes

Construction

CBS
Yes

Land Size

1/2 - Less Than 1 AC
Yes

Furnished

Unfurnished
Yes

Utilities

Elect Separate Meter
Yes
FKAA
Yes
Municipal Sewer
Yes

Porch/Balcony

Screened Patio
Yes

Title

Title Ins - Buyer
Yes

Roof

Concrete Roof
Yes

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: Bay Front; Gulf Front; Open Water Waterview: Bay/Gulf View; Open Water View Building Style: Ground Level Vehicle Storage: Open Parking Furnished: Unfurnished Cooling: Ceiling Fans(s); Ductless; Wall/Window Unit(s) Heating: Ductless; Electric Utilities: Elect Separate Meter; FKAA; Municipal Sewer Interior Features: Granite Counter Top Appliances: Dishwasher; Microwave; Range; Refrigerator Construction: CBS Floor: Tile; Wood Roof: Concrete Roof Pets: Pets Allowed Land Size: 1/2 - Less Than 1 AC Title: Title Ins - Buyer
Listing Office: Ocean Sotheby's International Realty
Last Updated: March - 04 - 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.