96 Madeira Road, Upper Matecumbe Key Islamorada, FL 33036
$18,000,000
Property Type:
Commercial Sale
Baths:
2
Status:
Active
Current Price:
$18,000,000
List Date:
2/23/2026
Last Modified:
2/23/2026
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
- 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
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
- Lot SqFt
- 0
- Total Units
- 0
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
- License Included
- Yes
Dockage
- Dock
- Concrete
- Basin
- Yes
- Boat Ramp
- Yes
- Boat Slip
- Yes
Financial Status
- Bank Owned
- No
- Potential Short Sale
- No
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
- Yes
License Info
- 5-Cop (Transferable)
- Yes
- Other/See Remarks
- Yes
Type
- Bar
- Yes
- Restaurant
- Yes
- Retail
- Yes
Fee Includes
- None
- Yes
Appliances
- Dishwasher
- Yes
- Refrigerator
- Yes
Waterfront
- Bay Front
- Yes
Electric
- 220 Volt
- Yes
Waterview
- Bay/Gulf View
- Yes
Construction
- CBS
- Yes
- Combo Construction
- Yes
- Frame
- Yes
Land Size
- 5 Less Than 10 Acres
- Yes
Terms
- Seller Finance Psble
- Yes
Utilities
- Buyer to Verify
- Yes
- FKAA
- Yes
- Municipal Sewer
- Yes
- Propane
- Yes
Title
- Title Ins - Buyer
- Yes
Property Rights
- Beverage License
- Yes
Miscellaneous
- Handicap Access
- Yes
- High Traffc Location
- Yes
- High Visibility
- Yes
- Highway Frontage
- Yes
- Loading Dock
- Yes
- Manager on Premises
- Yes
- Open Water View
- Yes
- Storage
- Yes
- Other Miscellaneous
- Yes
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 - 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.