$3,900,000
Upper Matecumbe Key Islamorada, FL 33036
MLS# 609289
7 beds | 7 baths
1 / 24
Property Description
Rare opportunity in downtown Islamorada. This is a development dream property on three quarter of an acre with six transient units,one market rate unit plus a commercial restaurant. Lots of options for redevelopment from restaurant with employee housing to a small boutique hotel with its own eatery. License for more than 200 seats with indoor and outdoor dining and plenty of parking ,opportunities like this in the heart of Islamorada are not available often. This is a must see and won't last .
Details
Maps
Contract Information
Listing Board: Key West Association
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
Current Price: $3,900,000
Listing Date: 2024-03-22
List Price: $3,900,000
Location, Tax & Legal
City: ISLAMORADA
Off Shore Island: No
Mile Marker: 80.5
Marathon Neighborhood: N/A
Side: N/A
Alternate Key #: 00096250000000
Parcel #: 00096250000000
Zoning: HC - Highway Commercial
Taxes: 13370.03
Tax Year: 2023
Street #: 80939
Street Name: Overseas
Street Suffix: Highway
Key/Island: Upper Matecumbe Key Islamorada
State/Province: FL
Zip Code: 33036
Subdivision: The Key (80.5)
County: Monroe
Area: 23 - Upper Matecumbe
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Control Depth: 0
Lot Size: 0.85 acres
Lot SqFt: 37126
Total Units: 7
SqFt Source: Seller
Building SqFt: 4656
Style: Commercial
Year Built: 1963
Total Bedrooms: 7
Full Baths: 7
Total Baths: 7
Remarks & Misc
Remarks – Consumer: Rare opportunity in downtown Islamorada. This is a development dream property on three quarter of an acre with six transient units,one market rate unit plus a commercial restaurant. Lots of options for redevelopment from restaurant with employee housing to a small boutique hotel with its own eatery. License for more than 200 seats with indoor and outdoor dining and plenty of parking ,opportunities like this in the heart of Islamorada are not available often. This is a must see and won't last .
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of Transient Licns: 6
Type
Apartment 3 or more: 1
Bar: 1
Restaurant: 1
Fee Includes
None: 1
Dockage
None: 1
Appliances
Range: 1
Refrigerator: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Construction
CBS: 1
Land Size
1/4 - 1/2 Acre: 1
Utilities
FKAA: 1
Property Rights
Beverage License: 1
Transient License: 1
Miscellaneous
Chickee Hut: 1
High Traffc Location: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Status: Active
Property Features
Type: Apartment 3 or more; Bar; Restaurant
Waterfront: None
Waterview: No Waterview
Dockage: None
Utilities: FKAA
Appliances: Range; Refrigerator
Miscellaneous: Chickee Hut; High Traffc Location
Construction: CBS
Land Size: 1/4 - 1/2 Acre
Fee Includes: None
Property Rights: Beverage License; Transient License
Listing Office: Century 21 All Keys Inc (KW)
Last Updated: August - 14 - 2025
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