96 Madeira Road, Upper Matecumbe Key Islamorada, FL 33036
$23,000,000
Property Type:
Commercial
Baths:
2
Status:
Active
Current Price:
$23,000,000
List Date:
2/10/2025
Last Modified:
2/12/2025
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 Sunset year after year.
Additional information and financials available upon request. NDA and POF required. Contact Listing Agent .
All information to be verified by Buyer/Buyer's Agent.
More Information MLS# 613627
Contract Information
Listing Board: Florida Keys
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
For Sale/Lease: For Sale
Current Price: $23,000,000
Listing Date: 2025-02-08
List Price: $23,000,000
Location, Tax & Legal
City: ISLAMORADA
Off Shore Island: No
Mile Marker: 82.5
Marathon Neighborhood: N/A
Side: Bay/Gulf
Flood Zone: AE,AE,VE,0.2 PCT ANN
Alternate Key #: 1491764
Parcel #: 00399370-000000
Zoning: HC - Highway Commercial
Legal: BLK 3 LTS 5 THRU 9 AND BLK 4 WLY 217 FT LOT 1 AND PT OF LOTS 1, 2, 3 AND 4 LYING NWLY OF BASIN AND PT OF BAY BTM NWLY OF
Taxes: 48210.63
Tax Year: 2023
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
General Property Description
Realtor.COM Type: Commercial
Waterfront: Yes
Control Depth: 4
Lot Size: see survey
Lot SqFt: 0
Business Name: Lorelei Restaurant &
Total Units: 0
Year Established: 1951-12-31
# Parking Spaces: 200+
# Stories: 1
SqFt Source: Tax Records
Total # Buildings: 3
Building SqFt: 4750
Style: Commercial
Year Built: 2011
Half Baths: 2
Total Baths: 2
Remarks & Misc
Remarks – Consumer: ''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 Sunset year after year.
Additional information and financials available upon request. NDA and POF required. Contact Listing Agent .
All information to be verified by Buyer/Buyer's Agent.
Directions: At mile marker 82 bayside.
Deed Restrictions
Unknown: 1
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
5-Cop (Transferable): 1
Other/See Remarks: 1
Type
Bar: 1
Restaurant: 1
Retail: 1
Fee Includes
None: 1
Misc Property Info
Recorded Plat: Yes
Dockage
Dock: Concrete
Basin: 1
Boat Ramp: 1
Boat Slip: 1
Appliances
Dishwasher: 1
Refrigerator: 1
Property Info
# Boat Slips: 2
License Included: 1
Waterfront
Bay Front: 1
Electric
220 Volt: 1
Waterview
Bay/Gulf View: 1
Construction
CBS: 1
Combo Construction: 1
Frame: 1
Land Size
5 Less Than 10 Acres: 1
Terms
Seller Finance Psble: 1
Utilities
Buyer to Verify: 1
FKAA: 1
Municipal Sewer: 1
Propane: 1
Title
Title Ins - Buyer: 1
Property Rights
Beverage License: 1
Miscellaneous
Handicap Access: 1
High Traffc Location: 1
High Visibility: 1
Highway Frontage: 1
Loading Dock: 1
Manager on Premises: 1
Open Water View: 1
Storage: 1
Other Miscellaneous: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Status: Active
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
Survey ›
Listing Office:
Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
Last Updated: February - 12 - 2025
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