81910 & 81908 Overseas Highway, Upper Matecumbe Key Islamorada, FL 33036
$6,500,000
Property Type:
Vacant Land
Lot Size (sq. ft.):
30,415
Status:
Active
Current Price:
$6,500,000
List Date:
9/07/2024
Last Modified:
4/16/2026
Listing Details MLS# 611386
Location, Tax & Legal
- Street #
- 81910
- Street Name
- & 81908 Overseas
- Street Suffix
- Highway
- Key/Island
- Upper Matecumbe Key Islamorada
- State/Province
- FL
- Zip Code
- 33036
- County
- Monroe
- Subdivision
- Strattons (82.5)
- Area
- 23 - Upper Matecumbe
- City
- ISLAMORADA
- Mile Marker
- 82
- Marathon Neighborhood
- N/A
- Side
- Bay/Gulf
- Flood Zone
- VE,AE,AE,AE,0.2 PCT
- Alternate Key #
- 1491683
- Add'l Parcel #1
- 00399280-000000
- Parcel #
- 00399290-000000
- Zoning
- VC - Village Center
- Deed Restrictions
- No
- Legal
- STRATTONS SUBD UPPER MATECUMBE PB2-38 NW'LY PT LOT 3 SQR 3 AND ADJ BAY BTM (.09AC) G24-94 G36-377 OR613-708 OR773-1639/1
- Taxes
- 15880
- Tax Year
- 2023
Contract Information
- Listing Board
- Florida Keys
- Limited Representation
- No
- As is Rght to Inspct
- Yes
- Potential Short Sale
- No
- Bank Owned
- No
General Property Description
- Realtor.COM Type
- Vacant Land
- Waterfront
- Yes
- Control Depth
- 4
- Lot SqFt
- 30415
- Lot Sqft Source
- Property Data Card
- Total Lots
- 2
- Survey Available
- Yes
- Vegetation Survey
- No
- Wtr Mn Inquiry File
- Yes
Miscellaneous Info
- Mobile Home Lot
- No
Dockage
- Seawall
- Concrete
- Basin
- Yes
More Information
Financial Status
- Bank Owned
- No
- Potential Short Sale
- No
Remarks & Misc
- Remarks – Consumer
- Once in a lifetime investment in the heart of Islamorada. This exceptional property offers a wide range of potential uses as it includes two Village Center parcels stretching from Highway to Bay, currently featuring a spacious 3,995 sqft restaurant and bar with a coveted 5COP liquor license - no food quota. Village Center zoning allows for multiple use opportunities including, but not limited to, single family estate, multi family compound, luxury townhomes, vacation rentals, restaurants, marinas, general store with package sales, and much more. The property spans 30,415 sqft. Includes a Bayfront boat basin, and plans for an additional 100' dock to be constructed. The Village of Islamorada officially recognizes three waterfront market-rate dwelling units . The three waterfront Transferable Development Rights (TDRs) can be utilized onsite, transferred to another location, or sold to a receiver site. The Village Center Zoning would allow up to 8 market-rate dwelling units to be developed on site for a new luxury townhome community, with the transfer in of additional TDRs. Whether you're looking to rehab a local iconic business, start a new business, redevelop the entire site, or create a spectacular residential estate, this unicorn property is perfectly located. ***Buyer to verify ALL information.***
Assoc/Misc Info
- Mandatory Home Owners Asc
- No
- 1st Right of Refusal
- No
Tax Exemptions
- None
- Yes
Waterfront
- Bay Front
- Yes
- Open Water
- Yes
Waterview
- Bay View
- Yes
- Open Water View
- Yes
Location/Site
- Highway Frontage
- Yes
- Water Frontage
- Yes
Existing Utilities
- Electric on Site
- Yes
- Sewer
- Yes
- Water Line
- Yes
- Water Meter
- Yes
BuildingPermit
- Active Permit
- Yes
Land Size
- More than 1 Lot
- Yes
- 1/2 - Less Than 1 AC
- Yes
Terms
- Buyer Obtain Finance
- Yes
Property Rights
- Beverage License
- Yes
- Misc Property Rights
- Yes
- Multi-Use/Commercial
- Yes
- Tranfrble Dev Right
- Yes
Property Features
Tax Exemptions:
None
Waterfront:
Bay Front; Open Water
Dockage:
Basin
Waterview:
Bay View; Open Water View
Existing Utilities:
Electric on Site; Sewer; Water Line; Water Meter
BuildingPermit:
Active Permit
Land Size:
More than 1 Lot; 1/2 - Less Than 1 AC
Terms:
Buyer Obtain Finance
Property Rights:
Beverage License; Misc Property Rights; Multi-Use/Commercial; Tranfrble Dev Right
81910 Overseas Hwy Survey ›
Listing Office:
Ocean Sotheby's International Realty
Last Updated: April - 16 - 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.