74960 Overseas Highway 201-306, Lower Matecumbe, FL 33036
$1,400,000
Property Type:
Vacant Land
Lot Size (sq. ft.):
21,500
Status:
Closed
Current Price:
$1,400,000
List Date:
2/13/2019
Last Modified:
3/05/2025
Description
Amazing opportunity to build a 12 unit waterfront condominium building in The Florida Keys. Excellent profit margin for a builder/developer. The condominium building was destroyed by Hurricane Irma. The building is located on a canal, with a view over Sea Oats Beach of the Atlantic Ocean. The location allows all units a direct view of either the ocean, or the canal, with partial bay views as well. 11 WATERFRONT Transferable Development Rights convey with the sale. Any sale is contingent on approval by all 12 owners. No guarantee of marketable title is made by this listing as the property is listed based upon majority but not unanimous approval. Any offer must be accepted by all 12 owners to be binding. Property is owned as ''tenants in common''.
More Information MLS# 584288
Contract Information
Listing Board: Florida Keys
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No
Current Price: $1,400,000
Listing Date: 2019-02-13
Sold Price: $1,400,000
Location, Tax & Legal
Unit #: 201-306
City: ISLAMORADA
Off Shore Island: No
Mile Marker: 74.5
Side: Bay/Gulf
Alternate Key #: 1482901
Parcel #: 00394481-000000
Zoning: OTH - Other Zoning
Deed Restrictions: Unknown
Legal: MATECUMBE SANDY COVE CONDOMINIUM LOCATED IN LOT 2 BLK 2 MATECUMBE SANDY BEACH PB3-127 LOWER MATECUMBE KEY
Taxes: 0
Tax Year: 0
Street #: 74960
Street Name: Overseas
Street Suffix: Highway
Key/Island: Lower Matecumbe
State/Province: FL
Zip Code: 33036
County: Monroe
Subdivision: Sandy Point (74.5)
Area: 22 - Lower Matecumbe
General Property Description
Realtor.COM Type: Multi-Family
Waterfront: Yes
Control Depth: 4
Lot SqFt: 21500
Lot Dimensions: 215 x 100
Survey Available: No
Vegetation Survey: No
Remarks & Misc
Remarks – Consumer: Amazing opportunity to build a 12 unit waterfront condominium building in The Florida Keys. Excellent profit margin for a builder/developer. The condominium building was destroyed by Hurricane Irma. The building is located on a canal, with a view over Sea Oats Beach of the Atlantic Ocean. The location allows all units a direct view of either the ocean, or the canal, with partial bay views as well. 11 WATERFRONT Transferable Development Rights convey with the sale. Any sale is contingent on approval by all 12 owners. No guarantee of marketable title is made by this listing as the property is listed based upon majority but not unanimous approval. Any offer must be accepted by all 12 owners to be binding. Property is owned as ''tenants in common''.
Directions: Mile Marker 74.5, across from Sea Oats Beach.
Assoc/Misc Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Miscellaneous Info
Mobile Home Lot: No
Dockage
Boat Slip: 1
Tax Exemptions
None: 1
Waterfront
Canal Front: 1
Waterview
Bay View: 1
Canal View: 1
Ocean View: 1
Open Water View: 1
Neighborhood Feature
Beach: 1
Community Dockage: 1
Location/Site
Cleared Site: 1
Existing Utilities
Sewer: 1
BuildingPermit
Active Permit: 1
Other Permit: 1
Terms
No Seller Finance: 1
Property Rights
Tranfrble Dev Right: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Sold Date: 2019-10-18
Sold Price: $1,400,000
Status: Closed
Property Features
Tax Exemptions: None
Waterfront: Canal Front
Dockage: Boat Slip
Waterview: Bay View; Canal View; Ocean View; Open Water View
Neighborhood Feature: Beach; Community Dockage
Existing Utilities: Sewer
BuildingPermit: Active Permit; Other Permit
Terms: No Seller Finance
Property Rights: Tranfrble Dev Right
Listing Office:
Blue 9 Realty, Inc.
Last Updated: March - 05 - 2025
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.