74450 Overseas Highway, Lower Matecumbe, FL 33036 (MLS# 620534)

74450 Overseas Highway, Lower Matecumbe, FL 33036

$1,680,000

Property Type: Commercial Sale Bedrooms: 3 Baths: 2 Square Footage: 1,980 Lot Size (sq. ft.): 6,900 Status: Active

Current Price: $1,680,000 List Date: 7/08/2026 Last Modified: 7/27/2026

Overview

Description

Prime Islamorada Mixed-Use Investment | Ocean Views | Overseas Highway Frontage Exceptional mixed-use investment opportunity in the heart of Islamorada. Positioned directly on the Overseas Highway at Mile Marker 74.5, this highly visible Neighborhood Commercial (NC) property offers outstanding exposure, excellent accessibility, and panoramic Atlantic Ocean views. Originally permitted as a three-unit apartment building, the property is currently configured with two primary residential/commercial spaces, presenting an opportunity for a future owner to explore the potential for a third apartment or additional income-producing space, subject to local approvals. The flexible layout lends itself to owner-occupancy, employee housing, professional offices, retail, vacation accommodations (where permitted), or a variety of commercial uses allowed under NC zoning. An increasingly rare feature in the Upper Keys, this property combines valuable highway frontage with parking, exceptional v ... (Read more)

Listing Details MLS# 620534

Location, Tax & Legal

Street #: 74450
Street Name: Overseas
Street Suffix: Highway
Key/Island: Lower Matecumbe
State/Province: FL
Zip Code: 33036
Subdivision: White Marlin Bch (74.5)
County: Monroe
Area: 22 - Lower Matecumbe
City: ISLAMORADA
Mile Marker: 74.5
Marathon Neighborhood: N/A
Side: Bay/Gulf
Flood Zone: AE,AE
Alternate Key #: 1480584
Parcel #: 00392260-000000
Zoning: NC - Neighborhood Commercial
Legal: BKB LT 8 WHITE MARLIN BEACH SEC-1 PB3-184 LOWER MATECUMBE KEYOR551-321 OR1400-1065/66 OR1400-1067/68 OR2101-2400 OR2943-
Taxes: 7363.07
Tax Year: 2025

Contract Information

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

General Property Description

Realtor.COM Type: Commercial
Style: Misc Prop Rights
Lot SqFt: 6900
Waterfront: No
Business Name: na
Off Street Parking: yes
# Stories: 2
Total # Buildings: Yes
Building SqFt: 1980
SqFt Source: Tax Records
Living Apx SqFt: 1980
Year Built: 1967
Total Bedrooms: 3
Full Baths: 2
Total Baths: 2
Control Depth: 0
Total Units: 0

Association Info

Mandatory Home Owners Asc: No
1st Right of Refusal: No
Maintenance Fee $: 300
Assoc/Mnt Fee Per: Yearly

Financial Status

Bank Owned: No
Potential Short Sale: No

More Information

Remarks & Misc

Remarks – Consumer: Prime Islamorada Mixed-Use Investment | Ocean Views | Overseas Highway Frontage Exceptional mixed-use investment opportunity in the heart of Islamorada. Positioned directly on the Overseas Highway at Mile Marker 74.5, this highly visible Neighborhood Commercial (NC) property offers outstanding exposure, excellent accessibility, and panoramic Atlantic Ocean views. Originally permitted as a three-unit apartment building, the property is currently configured with two primary residential/commercial spaces, presenting an opportunity for a future owner to explore the potential for a third apartment or additional income-producing space, subject to local approvals. The flexible layout lends itself to owner-occupancy, employee housing, professional offices, retail, vacation accommodations (where permitted), or a variety of commercial uses allowed under NC zoning. An increasingly rare feature in the Upper Keys, this property combines valuable highway frontage with parking, exceptional visibility, and an oceanfront setting. Investors, business owners, and developers will appreciate the property's versatility, while end users may envision transforming it into a distinctive single-family residence with sweeping Atlantic views. Located in one of the Florida Keys' most desirable markets, the property is surrounded by established businesses, restaurants, marinas, resorts, and world-endless fishing and diving destinations. Its strategic location offers convenient access for both locals and visitors traveling throughout the Keys. Whether you're seeking a long-term investment, owner-user opportunity, redevelopment potential, or a signature live-work property, this unique Islamorada offering delivers location, flexibility, visibility, and exceptional upside in one of Florida's most sought-after commercial corridors.
Directions: corner if Gulfview and US1

Type

Apartment 3 or more: Yes
Office Buildings: Yes
Other Services: Yes

Fee Includes

None: Yes

Dockage

None: Yes

Appliances

Dryer: Yes
Washer: Yes

Waterfront

Oceanfront: Yes
Open Water: Yes

Waterview

Ocean View: Yes

Vehicle Storage

Guest Parking: Yes
Common Parking: Yes
Off Street Parking: Yes
Trailer Storage: Yes

Construction

CBS: Yes
Concrete: Yes

Land Size

Less Than 1/4 Acre: Yes

Utilities

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

Property Features

Type: Apartment 3 or more; Office Buildings; Other Services Waterfront: Oceanfront; Open Water Waterview: Ocean View Dockage: None Vehicle Storage: Common Parking; Guest Parking; Off Street Parking; Trailer Storage Utilities: Buyer to Verify; FKAA; Municipal Sewer Appliances: Dryer; Washer Construction: CBS; Concrete Land Size: Less Than 1/4 Acre Fee Includes: None

Listing Office: Realty ONE Group Destination (ISL)

Last Updated: July - 27 - 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.