75131 Overseas Highway, Lower Matecumbe, FL 33036

$5,999,000

Property Type: Vacant Land Lot Size (sq. ft.): 36,250 Status: Active

Current Price: $5,999,000 List Date: 10/22/2024 Last Modified: 8/18/2026

Overview

Description

Beautiful 200' of oceanfront property on Lower Matecumbe Key. This offering consists of one 100' lot, vacant with TDR & contiguously, a 100' lot with a triplex apartment building (3 TDRs),.This gives you endless possibilities for redevelopment of the property. The vacant lot has an additional 200' of bay bottom. Fantastic 180° ocean views make for gorgeous sunrises on the naturally sandy beaches. View Alligator Lighthouse, watch dolphins, manatees, and birds feeding on fish right in front of you. At night, beautiful full moon risings, cruise ships with their lights passing, and plenty of stars. Launch kayaks from the beach to do a little tarpon fishing and bonefish are making a comeback so you can wade with your fly rod for a thrill. Also snorkel for lobster in season in all the little crevices and holes off shore of the property. Recap: 200' of oceanfront made up of 1 vacant lot with TDR, 1 lot with 3 apartments, bay bottom on the vacant lot, for a total of 4 TDRs on the property ... (Read more)

Listing Details MLS# 608979

Location, Tax & Legal

Street #: 75131
Street Name: Overseas
Street Suffix: Highway
Key/Island: Lower Matecumbe
State/Province: FL
Zip Code: 33036
County: Monroe
Subdivision: Mat Ocean Beach (75.0)
Area: 22 - Lower Matecumbe
City: ISLAMORADA
Mile Marker: 75
Marathon Neighborhood: N/A
Side: Ocean
Flood Zone: AE-11
Alternate Key #: 1491276
Add'l Parcel #1: 00398870-000000
Parcel #: 00398880-000000
Zoning: R1 - Residential Single Family
Deed Restrictions: Unknown
Legal: Lots 67 and 66, plus baybottom adjacent to Loys 66 of Matecumbe Ocean Beach Section A Lower Matecembe PB2-3
Taxes: 27699
Tax Year: 2023

Contract Information

Listing Board: Florida Keys
Limited Representation: No
Potential Short Sale: No
Bank Owned: No

General Property Description

Realtor.COM Type: Vacant Land
Waterfront: Yes
Control Depth: 2
Lot SqFt: 36250
Lot Sqft Source: Property Data Card
Total Lots: 2
Survey Available: No
Vegetation Survey: No

Status Change Info

Contingent: None
Contingent Remarks: inspections

Miscellaneous Info

Mobile Home Lot: No

Dockage

Dock: Other

More Information

Financial Status

Bank Owned: No
Potential Short Sale: No

Remarks & Misc

Remarks – Consumer: Beautiful 200' of oceanfront property on Lower Matecumbe Key. This offering consists of one 100' lot, vacant with TDR & contiguously, a 100' lot with a triplex apartment building (3 TDRs),.This gives you endless possibilities for redevelopment of the property. The vacant lot has an additional 200' of bay bottom. Fantastic 180° ocean views make for gorgeous sunrises on the naturally sandy beaches. View Alligator Lighthouse, watch dolphins, manatees, and birds feeding on fish right in front of you. At night, beautiful full moon risings, cruise ships with their lights passing, and plenty of stars. Launch kayaks from the beach to do a little tarpon fishing and bonefish are making a comeback so you can wade with your fly rod for a thrill. Also snorkel for lobster in season in all the little crevices and holes off shore of the property. Recap: 200' of oceanfront made up of 1 vacant lot with TDR, 1 lot with 3 apartments, bay bottom on the vacant lot, for a total of 4 TDRs on the property Note: One of the owners is a State of Florida Real Estate Licensee
Directions: On Overeas Highway oceanside near MM 75

Assoc/Misc Info

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

Tax Exemptions

Homestead: Yes

Waterfront

Oceanfront: Yes

Waterview

Ocean View: Yes

Property Features

Tax Exemptions: Homestead Waterfront: Oceanfront Waterview: Ocean View

Listing Office: Century 21 Circle- Islamorada

Last Updated: August - 18 - 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.

Search powered by FBS Products