77340 Overseas Highway, Lower Matecumbe, FL 33036
New Listing
$3,999,999
Property Type:
Residential
Bedrooms:
2
Baths:
2
Square Footage:
928
Lot Size (sq. ft.):
34,409
Status:
Active
Current Price:
$3,999,999
List Date:
3/13/2026
Last Modified:
3/13/2026
Overview
Description
Estate Opportunity
Spanning 34,409 SF, this exceptional parcel offers a scale uncommon in Islamorada, providing the foundation for a spectacular Florida Keys residential estate.
The exceptional lot size allows a discerning buyer to imagine the best. The site easily accommodates the vision of an estate property with pool, tennis or pickleball court, expansive outdoor living, caretaker's cottage, and generous waterfront dockage--all while maintaining privacy rarely achieved in the Keys.
Positioned on a deep basin, the property provides protected dockage while being only seconds from Florida Bay and minutes under the bridge to the Atlantic Ocean, placing world-class backcountry and offshore fishing within immediate reach.
An existing legal nonconforming home with a waterfront swimming pool currently sits on the property and may be used as a residence or rental while architectural plans and permits are finalized, offering flexibility during the planning process.
For buyers who understand the value of land in the Florida Keys, this offering represents something increasingly difficult to find: the opportunity to create a custom waterfront estate tailored entirely to your vision, rather than inheriting someone else's.
A remarkable parcel for a remarkable build.
Listing Details MLS# 619064
Location, Tax & Legal
- Street #
- 77340
- Street Name
- Overseas
- Street Suffix
- Highway
- Key/Island
- Lower Matecumbe
- State/Province
- FL
- Zip Code
- 33036
- County
- Monroe
- Subdivision
- Matecumbe Ocean Bay (75.0)
- Area
- 22 - Lower Matecumbe
- City
- ISLAMORADA
- Off Shore Island
- No
- Mile Marker
- 75
- Marathon Neighborhood
- N/A
- Side
- Bay/Gulf
- Flood Zone
- AE,AE,AE
- Alternate Key #
- 1489727
- Parcel #
- 00397200-000000
- Zoning
- RE - Residential Estate
- Deed Restrictions
- No
- Legal
- BK 5 LT 5 MATECUMBE OCEAN BAY SEC 2 PB2-98 LOWER MATECUMBE KEY
- Taxes
- 17789.05
- Tax Year
- 2025
- Pub Sewer HkUp
- Yes
Contract Information
- Listing Board
- Florida Keys
- As is Rght to Inspct
- Yes
- Species List
- Yes
General Property Description
- Realtor.COM Type
- Residential - Single Family
- Style
- Single Family
- Waterfront
- Yes
- Control Depth
- 5
- Pool
- Yes
- Year Built
- 1963
- Total Units
- Yes
- Lot SqFt
- 34409
- Lot Sqft Source
- Tax Records
- Acres
- 0.79
- Living Apx SqFt
- 928
- SqFt Source
- Tax Records
- Total Bedrooms
- 2
- Full Baths
- 2
- Total Baths
- 2
- Rentals Allowed
- With Restrictions
Association Info
- Mandatory Home Owners Asc
- No
- 1st Right of Refusal
- No
- Association Fee $
- 0
Dockage
- Seawall
- Other
More Information
Building Style
- Above Flood
- No
- Stories
- 2 Stories
Remarks & Misc
- Remarks – Consumer
- Estate Opportunity Spanning 34,409 SF, this exceptional parcel offers a scale uncommon in Islamorada, providing the foundation for a spectacular Florida Keys residential estate. The exceptional lot size allows a discerning buyer to imagine the best. The site easily accommodates the vision of an estate property with pool, tennis or pickleball court, expansive outdoor living, caretaker's cottage, and generous waterfront dockage--all while maintaining privacy rarely achieved in the Keys. Positioned on a deep basin, the property provides protected dockage while being only seconds from Florida Bay and minutes under the bridge to the Atlantic Ocean, placing world-class backcountry and offshore fishing within immediate reach. An existing legal nonconforming home with a waterfront swimming pool currently sits on the property and may be used as a residence or rental while architectural plans and permits are finalized, offering flexibility during the planning process. For buyers who understand the value of land in the Florida Keys, this offering represents something increasingly difficult to find: the opportunity to create a custom waterfront estate tailored entirely to your vision, rather than inheriting someone else's. A remarkable parcel for a remarkable build.
Fee Includes
- Other
- Yes
Tax Exemptions
- None
- Yes
Appliances
- Dishwasher
- Yes
- Dryer
- Yes
- Microwave
- Yes
- Oven
- Yes
- Refrigerator
- Yes
Pets
- Pets Allowed
- Yes
Cooling
- Central Air
- Yes
Waterfront
- Open Water
- Yes
Waterview
- Canal View
- Yes
Property Condition
- Updated/Remodeled
- Yes
Specialty Rooms
- Laundry Room
- Yes
Vehicle Storage
- Open Parking
- Yes
Construction
- CBS
- Yes
Land Size
- 1/2 - Less Than 1 AC
- Yes
Furnished
- Negotiable
- Yes
Utilities
- Buyer to Verify
- Yes
- Elect Separate Meter
- Yes
- FKAA
- Yes
- Municipal Sewer
- Yes
Porch/Balcony
- Open Porch/Balcony
- Yes
Pool Info
- In Ground
- Yes
- Decked
- Yes
Property Features
Fee Includes:
Other
Tax Exemptions:
None
Waterfront:
Open Water
Waterview:
Canal View
Property Condition:
Updated/Remodeled
Vehicle Storage:
Open Parking
Furnished:
Negotiable
Cooling:
Central Air
Utilities:
Buyer to Verify; Elect Separate Meter; FKAA; Municipal Sewer
Specialty Rooms:
Laundry Room
Appliances:
Dishwasher; Dryer; Microwave; Oven; Refrigerator
Pool Info:
In Ground; Decked
Construction:
CBS
Pets:
Pets Allowed
Land Size:
1/2 - Less Than 1 AC
Listing Office:
Coldwell Banker Schmitt Islamorada
Last Updated: March - 13 - 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.