, Upper Matecumbe Key Islamorada, FL 33036 (MLS# 611387)

Upper Matecumbe Key Islamorada, FL 33036

$5,750,000

Virtual Tour

http://tours.keyspropertyvisuals.com/vtnb/350483

Property Type: Commercial Sale Baths: 2 Square Footage: 3,995 Lot Size (sq. ft.): 30,415 Status: Closed

Current Price: $5,750,000 List Date: 9/07/2024 Last Modified: 8/19/2026

Overview

Description

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 dwellin ... (Read more)

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

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

Status Change Info

Under Contract Date: 2026-06-22
Leased Date: 2026-08-19

Association Info

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

Dockage

Seawall: Concrete

More Information

Financial Status

Bank Owned: No
Potential Short Sale: No

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

Documents

Village Center Zoning Code ›

81908 Overseas Hwy Survey ›

81910 Overseas Hwy Survey ›

Listing Office: Ocean Sotheby's International Realty

Last Updated: August - 19 - 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.