$3,150,000
Lower Matecumbe, FL 33036
MLS# 618699
3 beds | 3 baths | 6071 sqft
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Property 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.
Details
Maps
Contract Information
Current Price: $3,150,000
Listing Date: 2026-02-16
Listing Board: Florida Keys
Monthly Rent: $3,150,000
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No
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
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot Size: 100x151
Lot SqFt: 15100
Waterfront: Yes
Control Depth: 6
Year Established: 1982-12-31
# Stories: 3
Total # Buildings: 1
Building SqFt: 6071
SqFt Source: Property Data Card
Living Apx SqFt: 6071
Year Built: 1983
Total Bedrooms: 3
Full Baths: 3
Total Baths: 3
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Dockage
Seawall: Concrete
Property Info
# Boat Slips: 8
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: September - 22 - 2026
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