74560 Overseas Highway, Lower Matecumbe, FL 33036

$3,100,000

Property Type: Commercial Sale Bedrooms: 3 Baths: 3 Square Footage: 6,071 Lot Size (sq. ft.): 15,100 Status: Active

Current Price: $3,100,000 List Date: 2/18/2026 Last Modified: 11/02/2026

Overview

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 backcount ... (Read more)

Listing Details MLS# 618699

Location, Tax & Legal

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
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

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

General Property Description

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

Association Info

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

Property Info

# Boat Slips: 8

More Information

Dockage

Seawall: Concrete

Financial Status

Bank Owned: No
Potential Short Sale: No

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.

Type

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

Fee Includes

None: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Refrigerator: Yes
Washer: Yes

Waterfront

Bay Front: Yes
Oceanfront: Yes
Open Water: Yes

Waterview

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

Vehicle Storage

Common Parking: Yes

Construction

CBS: Yes

Land Size

1/4 - 1/2 Acre: Yes

Terms

Other Financing: Yes

Utilities

Buyer to Verify: Yes
FKAA: Yes
Municipal Sewer: Yes

Miscellaneous

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

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: November - 02 - 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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