96 Madeira Road, Upper Matecumbe Key Islamorada, FL 33036 (MLS# 613627)

96 Madeira Road, Upper Matecumbe Key Islamorada, FL 33036

$18,000,000

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Property Type: Commercial Sale Baths: 2 Status: Active

Current Price: $18,000,000 List Date: 2/23/2026 Last Modified: 2/23/2026

Overview

Description

''The Pulse of Islamorada'' ... Iconic Islamorada Restaurant & Cabana Bar available for Sale, Real Estate and Business included. Spanning over 1,000 feet of bayfront and 500 ft of Highway frontage, where the locals & visitors come from near & far to watch nightly sunsets over the bay, enjoy food & libations, and listen to live bands daily. This property includes over 5 acres of real estate (survey available), full service bar with 5 Cop liquor license, 250 seat outdoor restaurant, private party & tournament hosting area. New parking lot, lighting, & drainage completed in 2020 with plenty of parking to expand the business. Concrete building built in 2015/2016 for gift shop, bathrooms, laundry, prep kitchen, storage, and more. In addition, property includes main kitchen, special event tiki bar, dockage, beach, boat ramp, and more. Sale includes 4 on site building rights & 2 boat slips in the Islamorada Yacht Basin located adjacent to property. Room for expansion. Voted Best Sun ... (Read more)

Listing Details MLS# 613627

Location, Tax & Legal

Street #: 96
Street Name: Madeira
Street Suffix: Road
Key/Island: Upper Matecumbe Key Islamorada
State/Province: FL
Zip Code: 33036
Subdivision: Strattons (82.5)
County: Monroe
Area: 23 - Upper Matecumbe

Contract Information

Listing Board: Florida Keys
Limited Representation: No
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Waterfront: Yes
Control Depth: 4
Business Name: Lorelei Restaurant &
Year Established: 1951-12-31
# Parking Spaces: 200+
# Stories: Yes
Total # Buildings: 3
Building SqFt: 4750
SqFt Source: Tax Records
Year Built: 2011
Half Baths: 2
Total Baths: 2

Association Info

Mandatory Home Owners Asc: No
1st Right of Refusal: No

Misc Property Info

Recorded Plat: Yes

More Information

Property Info

# Boat Slips: 2

Dockage

Dock: Concrete

Financial Status

Bank Owned: No
Potential Short Sale: No

Property Features

Deed Restrictions: Unknown License Info: 5-Cop (Transferable); Other/See Remarks Property Info: License Included Type: Bar; Restaurant; Retail Waterfront: Bay Front Waterview: Bay/Gulf View Dockage: Basin; Boat Ramp; Boat Slip Utilities: Buyer to Verify; FKAA; Municipal Sewer; Propane Appliances: Dishwasher; Refrigerator Miscellaneous: Handicap Access; High Traffc Location; High Visibility; Highway Frontage; Loading Dock; Manager on Premises; Open Water View; Storage; Other Miscellaneous Construction: CBS; Combo Construction; Frame Electric: 220 Volt Land Size: 5 Less Than 10 Acres Fee Includes: None Terms: Seller Finance Psble Title: Title Ins - Buyer Property Rights: Beverage License

Documents

Survey ›

NDA ›

Listing Office: Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

Last Updated: February - 23 - 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.