Upper Matecumbe Key Islamorada, FL 33036
$6,500,000
Property Type:
Commercial Sale
Baths:
2
Square Footage:
3,995
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# 611387
Location, Tax & Legal
- 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
- Marathon Neighborhood
- N/A
- Side
- Bay/Gulf
- Flood Zone
- X,0.2 PCT ANNUAL CHA
- Alternate Key #
- 1491675
- Add'l Parcel #1
- 00399290-000000
- Parcel #
- 00399280-000000
- Zoning
- VC - Village Center
- Legal
- STRATTONS SUBD PB 2-38 UPPER MATECUMBE PT LOT 3 SQR 3 G24-94 G36-377 OR386-552-553 OR686-293/TR OR691-33 OR783-1248 OR7
- Taxes
- 15880
- Tax Year
- 2023
Contract Information
- Listing Board
- Florida Keys
- Limited Representation
- No
- As is Rght to Inspct
- Yes
- For Sale/Lease
- For Sale
- Potential Short Sale
- No
- Bank Owned
- No
- Species List
- No
General Property Description
- Realtor.COM Type
- Commercial
- Style
- Commercial
- Lot SqFt
- 30415
- Waterfront
- Yes
- Control Depth
- 4
- Business Name
- Woody's
- Building SqFt
- 3995
- SqFt Source
- Property Data Card
- Living Apx SqFt
- 3995
- Year Built
- 1963
- Half Baths
- 2
- Total Baths
- 2
- Total Units
- 0
Association Info
- Mandatory Home Owners Asc
- No
- 1st Right of Refusal
- 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, wedding venue, general store with package sales, and much more. The property spans 30,415 sqft. Includes a Bayfront boat basin plus 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 to be accurate***
- Directions
- MM 82, Bayside
Type
- Bar
- Yes
- Restaurant
- Yes
Fee Includes
- Other
- Yes
Appliances
- Refrigerator
- Yes
Waterfront
- Bay Front
- Yes
- Open Water
- Yes
Waterview
- Bay/Gulf View
- Yes
Construction
- CBS
- Yes
Land Size
- 1/2 - Less Than 1 AC
- Yes
Utilities
- Buyer to Verify
- Yes
- FKAA
- Yes
- Municipal Sewer
- Yes
Property Features
Type:
Bar; Restaurant
Waterfront:
Bay Front; Open Water
Waterview:
Bay/Gulf View
Dockage:
Basin
Utilities:
Buyer to Verify; FKAA; Municipal Sewer
Appliances:
Refrigerator
Construction:
CBS
Land Size:
1/2 - Less Than 1 AC
Fee Includes:
Other
Village Center Zoning Code ›
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.