74960 Overseas Highway 201-306, Lower Matecumbe, FL 33036 (MLS# 584288)

74960 Overseas Highway 201-306, Lower Matecumbe, FL 33036

$1,400,000

Photos before Demolition and hardening of the ground

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

Overview

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''.

Listing Details MLS# 584288

Location, Tax & Legal

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

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

General Property Description

Realtor.COM Type: Multi-Family
Waterfront: Yes
Control Depth: 4
Lot Dimensions: 215 x 100
Lot SqFt: 21500
Survey Available: No
Vegetation Survey: No

Status Change Info

Under Contract Date: 2019-06-01
Leased Date: 2019-10-18

Miscellaneous Info

Mobile Home Lot: No

Financial Status

Bank Owned: No
Potential Short Sale: No

More Information

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.