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  • 74560 Overseas Highway, Lower Matecumbe, FL 33036 (MLS# 618699)

74560 Overseas Highway, Lower Matecumbe, FL 33036

$4,100,000
Property Type: Commercial Sale Bedrooms: 3 Baths: 3 Square Footage: 6,071 Lot Size (sq. ft.): 15,100 Status: Active
Current Price: $4,100,000 List Date: 2/18/2026 Last Modified: 2/20/2026

Description

74560 Overseas Highway is a dynamic waterfront commercial asset with multiple revenue paths and significant redevelopment potential. Situated on a 15,000 SF parcel with generous on-site parking and 100 feet of seawall capable of accommodating up to 8 slips, the property delivers premier highway exposure and immediate Florida Bay and Atlantic Ocean access. Zoning supports four affordable housing units, one market-rate residence, and 5,640 SF of commercial space, creating a layered income strategy that blends residential density with marine-oriented business activity. The existing structure features expansive wraparound windows framing sweeping Atlantic views, plus a top-floor penthouse suite suited for owner occupancy, executive housing, or premium rental use (subject to approvals). The building configuration can also accommodate a rooftop helipad. Commercial Fishing zoning allows for uses such as a destination restaurant, seafood market, marine outfitter, charter or backcountry fishing headquarters, marina-support retail, or other enterprises aligned with the working waterfront. This is a high-visibility, commercial platform where housing, marine access, and US-1 frontage intersect to create compelling long-term value.

More Information MLS# 618699

Contract Information

Listing Board: Florida Keys Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: No Current Price: $4,100,000 Listing Date: 2026-02-16 List Price: $4,100,000

Location, Tax & Legal

City: ISLAMORADA Off Shore Island: No Mile Marker: 75 Marathon Neighborhood: N/A Side: Bay/Gulf Flood Zone: AE Alternate Key #: 1482871 Parcel #: 00394480-000105 Zoning: CF - Commercial Fishing Legal: MATECUMBE SANDY BEACH PB3-127 LOWER MATECUMBE KEY PT TRACT 5 (AKA PARCEL #5) Taxes: 20434.94 Tax Year: 2025 Street #: 74560 Street Name: Overseas Street Suffix: Highway Key/Island: Lower Matecumbe State/Province: FL Zip Code: 33036 Subdivision: Mat Sandy Bch (75.0) County: Monroe Area: 22 - Lower Matecumbe

General Property Description

Realtor.COM Type: Commercial Waterfront: Yes Control Depth: 6 Lot Size: 100x151 Lot SqFt: 15100 Total Units: 0 Year Established: 1982-12-31 # Stories: 3 SqFt Source: Property Data Card Total # Buildings: 1 Building SqFt: 6071 Style: Commercial Living Apx SqFt: 6071 Year Built: 1983 Total Bedrooms: 3 Full Baths: 3 Total Baths: 3

Remarks & Misc

Remarks – Consumer: 74560 Overseas Highway is a dynamic waterfront commercial asset with multiple revenue paths and significant redevelopment potential. Situated on a 15,000 SF parcel with generous on-site parking and 100 feet of seawall capable of accommodating up to 8 slips, the property delivers premier highway exposure and immediate Florida Bay and Atlantic Ocean access. Zoning supports four affordable housing units, one market-rate residence, and 5,640 SF of commercial space, creating a layered income strategy that blends residential density with marine-oriented business activity. The existing structure features expansive wraparound windows framing sweeping Atlantic views, plus a top-floor penthouse suite suited for owner occupancy, executive housing, or premium rental use (subject to approvals). The building configuration can also accommodate a rooftop helipad. Commercial Fishing zoning allows for uses such as a destination restaurant, seafood market, marine outfitter, charter or backcountry fishing headquarters, marina-support retail, or other enterprises aligned with the working waterfront. This is a high-visibility, commercial platform where housing, marine access, and US-1 frontage intersect to create compelling long-term value.

Association Info

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

Type

Apartment 3 or more: 1 Bar: 1 Marina: 1 Professional Service: 1 Restaurant: 1 Retail: 1

Fee Includes

None: 1

Dockage

Seawall: Concrete

Appliances

Dishwasher: 1 Dryer: 1 Refrigerator: 1 Washer: 1

Property Info

# Boat Slips: 8

Waterfront

Bay Front: 1 Oceanfront: 1 Open Water: 1

Waterview

Bay/Gulf View: 1 Harbor/Marina View: 1 Ocean View: 1 Open Water View: 1

Vehicle Storage

Common Parking: 1

Construction

CBS: 1

Land Size

1/4 - 1/2 Acre: 1

Terms

Other Financing: 1

Utilities

Buyer to Verify: 1 FKAA: 1 Municipal Sewer: 1

Miscellaneous

High Traffc Location: 1 Highway Frontage: 1 Open Water View: 1 Residence on Premise: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Status: Active

Property Features

Type: Apartment 3 or more; Bar; Marina; Professional Service; Restaurant; Retail Waterfront: Bay Front; Oceanfront; Open Water Waterview: Bay/Gulf View; Harbor/Marina View; Ocean View; Open Water View Vehicle Storage: Common Parking Utilities: Buyer to Verify; FKAA; Municipal Sewer Appliances: Dishwasher; Dryer; Refrigerator; Washer Miscellaneous: High Traffc Location; Highway Frontage; Open Water View; Residence on Premise Construction: CBS Land Size: 1/4 - 1/2 Acre Fee Includes: None Terms: Other Financing
Listing Office: Coldwell Banker Schmitt Islamorada
Last Updated: February - 20 - 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.

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