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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

Overview

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 ...

Listing Details MLS# 620533

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
City
ISLAMORADA
Mile Marker
74.5
Marathon Neighborhood
N/A
Side
Bay/Gulf
Flood Zone
AE,AE
Alternate Key #
1480584
Parcel #
00392260-000000
Zoning
NC - Neighborhood Commercial
Deed Restrictions
Unknown
Legal
BKB LT 8 WHITE MARLIN BEACH SEC-1 PB3-184 LOWER MATECUMBE KEYOR551-321 OR1400-1065/66 OR1400-1067/68 OR2101-2400 OR2943-
Taxes
7363.07
Tax Year
2025
Pub Sewer HkUp
Yes

Contract Information

Listing Board
Florida Keys

General Property Description

Realtor.COM Type
Residential - Single Family
Style
Single Family
Waterfront
No
Pool
No
Year Built
1967
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
Control Depth
0
Total Units
0

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

More Information

Vehicle Storage

Car(s)
4+
Guest Parking
Yes
Off Street Parking
Yes
Trailer Storage
Yes

Remarks & Misc

Remarks – Consumer
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.
Directions
Corner of gulfview and us1

Fee Includes

Other
Yes

Dockage

None
Yes

Tax Exemptions

None
Yes

Appliances

Dryer
Yes
Microwave
Yes
Oven
Yes
Refrigerator
Yes
Washer
Yes

Pets

Pets Allowed
Yes

Cooling

Central Air
Yes
Ductless
Yes

Heating

Central
Yes

Waterfront

None
Yes

Waterview

Ocean View
Yes
Open Water View
Yes

Floor

Laminate
Yes
Tile
Yes

Neighborhood Feature

Bike Paths
Yes

Interior Features

Other
Yes

Specialty Rooms

Laundry Room
Yes
Workshop
Yes

Windows/Doors

Aluminum Windows
Yes
Impact Rstnce Doors
Yes
Impact Rstnce Window
Yes

Security

No Security
Yes

Construction

CBS
Yes
Concrete
Yes

Land Size

Less Than 1/4 Acre
Yes

Furnished

Negotiable
Yes
Partially
Yes

Terms

Cash
Yes
Conventional
Yes
Seller Finance Psble
Yes

Utilities

Buyer to Verify
Yes
FKAA
Yes

Exterior Features

Fencing
Yes
Outdoor Shower
Yes
Storage
Yes

Roof

Concrete Roof
Yes
Tar/Gravel Roof
Yes

Shutters

Other
Yes

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.