74960 Overseas Highway 201-306, Lower Matecumbe, FL 33036 (MLS# 584288)

74960 Overseas Highway 201-306, Lower Matecumbe, FL 33036

$1,400,000

Property Type: Vacant Land Lot Size (sq. ft.): 21,500 Status: Closed

Current Price: $1,400,000 List Date: 2/13/2019 Last Modified: 3/05/2025

Description

Amazing opportunity to build a 12 unit waterfront condominium building in The Florida Keys. Excellent profit margin for a builder/developer. The condominium building was destroyed by Hurricane Irma. The building is located on a canal, with a view over Sea Oats Beach of the Atlantic Ocean. The location allows all units a direct view of either the ocean, or the canal, with partial bay views as well. 11 WATERFRONT Transferable Development Rights convey with the sale. Any sale is contingent on approval by all 12 owners. No guarantee of marketable title is made by this listing as the property is listed based upon majority but not unanimous approval. Any offer must be accepted by all 12 owners to be binding. Property is owned as ''tenants in common''.

More Information MLS# 584288

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 Current Price: $1,400,000 Listing Date: 2019-02-13 Sold Price: $1,400,000

Location, Tax & Legal

Unit #: 201-306 City: ISLAMORADA Off Shore Island: No Mile Marker: 74.5 Side: Bay/Gulf Alternate Key #: 1482901 Parcel #: 00394481-000000 Zoning: OTH - Other Zoning Deed Restrictions: Unknown Legal: MATECUMBE SANDY COVE CONDOMINIUM LOCATED IN LOT 2 BLK 2 MATECUMBE SANDY BEACH PB3-127 LOWER MATECUMBE KEY Taxes: 0 Tax Year: 0 Street #: 74960 Street Name: Overseas Street Suffix: Highway Key/Island: Lower Matecumbe State/Province: FL Zip Code: 33036 County: Monroe Subdivision: Sandy Point (74.5) Area: 22 - Lower Matecumbe

General Property Description

Realtor.COM Type: Multi-Family Waterfront: Yes Control Depth: 4 Lot SqFt: 21500 Lot Dimensions: 215 x 100 Survey Available: No Vegetation Survey: No

Remarks & Misc

Remarks – Consumer: Amazing opportunity to build a 12 unit waterfront condominium building in The Florida Keys. Excellent profit margin for a builder/developer. The condominium building was destroyed by Hurricane Irma. The building is located on a canal, with a view over Sea Oats Beach of the Atlantic Ocean. The location allows all units a direct view of either the ocean, or the canal, with partial bay views as well. 11 WATERFRONT Transferable Development Rights convey with the sale. Any sale is contingent on approval by all 12 owners. No guarantee of marketable title is made by this listing as the property is listed based upon majority but not unanimous approval. Any offer must be accepted by all 12 owners to be binding. Property is owned as ''tenants in common''. Directions: Mile Marker 74.5, across from Sea Oats Beach.

Assoc/Misc Info

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

Miscellaneous Info

Mobile Home Lot: No

Dockage

Boat Slip: 1

Tax Exemptions

None: 1

Waterfront

Canal Front: 1

Waterview

Bay View: 1 Canal View: 1 Ocean View: 1 Open Water View: 1

Neighborhood Feature

Beach: 1 Community Dockage: 1

Location/Site

Cleared Site: 1

Existing Utilities

Sewer: 1

BuildingPermit

Active Permit: 1 Other Permit: 1

Terms

No Seller Finance: 1

Property Rights

Tranfrble Dev Right: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Sold Date: 2019-10-18 Sold Price: $1,400,000 Status: Closed

Property Features

Tax Exemptions: None Waterfront: Canal Front Dockage: Boat Slip Waterview: Bay View; Canal View; Ocean View; Open Water View Neighborhood Feature: Beach; Community Dockage Existing Utilities: Sewer BuildingPermit: Active Permit; Other Permit Terms: No Seller Finance Property Rights: Tranfrble Dev Right

Listing Office: Blue 9 Realty, Inc.

Last Updated: March - 05 - 2025

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.