75131 Overseas Highway, Lower Matecumbe, FL 33036
$6,495,000
Property Type:
Residential
Bedrooms:
3
Baths:
3
Square Footage:
1,500
Lot Size (sq. ft.):
48,000
Status:
Active
Current Price:
$6,495,000
List Date:
10/22/2024
Last Modified:
12/10/2025
Description
Beautiful 200' of oceanfront property on Lower Matecumbe Key. This offering consists of one 100' lot, vacant with TDR & contiguously, a 100' lot with a triplex apartment building (3 TDRs),.This gives you endless possibilities for redevelopment of the property. The vacant lot has an additional 200' of bay bottom. Fantastic 180° ocean views make for gorgeous sunrises on the naturally sandy beaches. View Alligator Lighthouse, watch dolphins, manatees, and birds feeding on fish right in front of you. At night, beautiful full moon risings, cruise ships with their lights passing, and plenty of stars. Launch kayaks from the beach to do a little tarpon fishing and bonefish are making a comeback so you can wade with your fly rod for a thrill. Also snorkel for lobster in season in all the little crevices and holes off shore of the property.
Recap: 200' of oceanfront made up of 1 vacant lot with TDR, 1 lot with 3 apartments, bay bottom on the vacant lot, for a total of 4 TDRs on the property
Note: One of the owners is a State of Florida Real Estate Licensee
More Information MLS# 608546
Contract Information
Listing Board: Florida Keys
Current Price: $6,495,000
Listing Date: 2024-02-03
List Price: $6,495,000
Location, Tax & Legal
City: ISLAMORADA
Mile Marker: 75
Marathon Neighborhood: N/A
Side: Ocean
Flood Zone: AE elev 11
Alternate Key #: 1491276
Add'l Parcel #1: 00398870-000000
Parcel #: 00398880-000000
Zoning: R1 - Residential Single Family
Deed Restrictions: Unknown
Legal: Lots 67 & 66 plus bay bottom adjacent to Lot 66 of Matecube Ocean Beach Section A Lower Matecumbe PB2-39
Taxes: 27699
Tax Year: 2023
Pub Sewer HkUp: Yes
Street #: 75131
Street Name: Overseas
Street Suffix: Highway
Key/Island: Lower Matecumbe
State/Province: FL
Zip Code: 33036
County: Monroe
Subdivision: Mat Ocean Beach (75.0)
Area: 22 - Lower Matecumbe
General Property Description
Realtor.COM Type: Residential - Single Family
Waterfront: Yes
Control Depth: 2
Lot Size: 300' wide X 160' deep
Lot SqFt: 48000
Pool: No
Lot Sqft Source: Tax Records
Total Units: 3
Acres: 1.1
SqFt Source: Property Data Card
Rentals Allowed: With Restrictions
Style: Single Family
Year Built: 1957
Living Apx SqFt: 1500
Total Bedrooms: 3
Full Baths: 3
Total Baths: 3
Remarks & Misc
Remarks – Consumer: Beautiful 200' of oceanfront property on Lower Matecumbe Key. This offering consists of one 100' lot, vacant with TDR & contiguously, a 100' lot with a triplex apartment building (3 TDRs),.This gives you endless possibilities for redevelopment of the property. The vacant lot has an additional 200' of bay bottom. Fantastic 180° ocean views make for gorgeous sunrises on the naturally sandy beaches. View Alligator Lighthouse, watch dolphins, manatees, and birds feeding on fish right in front of you. At night, beautiful full moon risings, cruise ships with their lights passing, and plenty of stars. Launch kayaks from the beach to do a little tarpon fishing and bonefish are making a comeback so you can wade with your fly rod for a thrill. Also snorkel for lobster in season in all the little crevices and holes off shore of the property.
Recap: 200' of oceanfront made up of 1 vacant lot with TDR, 1 lot with 3 apartments, bay bottom on the vacant lot, for a total of 4 TDRs on the property
Note: One of the owners is a State of Florida Real Estate Licensee
Directions: On Overseas Highway oceanside near MM 75
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0
Fee Includes
None: 1
Dockage
None: 1
Tax Exemptions
None: 1
Appliances
No Appliances: 1
Pets
Pets Allowed: 1
Waterfront
Oceanfront: 1
Waterview
Ocean View: 1
Building Style
Above Flood: No
Ground Level: 1
Construction
Concrete: 1
Land Size
More than 1 Lot: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Status Change Info
Contingent: None
Contingent Remarks: inspections
Status: Active
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: Oceanfront
Waterview: Ocean View
Dockage: None
Building Style: Ground Level
Utilities: FKAA; Municipal Sewer
Appliances: No Appliances
Construction: Concrete
Pets: Pets Allowed
Land Size: More than 1 Lot
Listing Office:
Century 21 Circle- Islamorada
Last Updated: December - 10 - 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.