75131 Overseas Highway, Lower Matecumbe, FL 33036 (MLS# 608546)

75131 Overseas Highway, Lower Matecumbe, FL 33036

$6,495,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,500 Lot Size (sq. ft.): 48,000 Status: Active

Current Price: $6,495,000 List Date: 10/22/2024 Last Modified: 12/10/2025

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 Note: One of the owners is a State of Florida Real Estate Licensee

More Information MLS# 608546

Contract Information

Listing Board: Florida Keys Current Price: $6,495,000 Listing Date: 2024-02-03 List Price: $6,495,000

Location, Tax & Legal

City: ISLAMORADA Mile Marker: 75 Marathon Neighborhood: N/A Side: Ocean Flood Zone: AE elev 11 Alternate Key #: 1491276 Add'l Parcel #1: 00398870-000000 Parcel #: 00398880-000000 Zoning: R1 - Residential Single Family Deed Restrictions: Unknown Legal: Lots 67 & 66 plus bay bottom adjacent to Lot 66 of Matecube Ocean Beach Section A Lower Matecumbe PB2-39 Taxes: 27699 Tax Year: 2023 Pub Sewer HkUp: Yes 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

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: Yes Control Depth: 2 Lot Size: 300' wide X 160' deep Lot SqFt: 48000 Pool: No Lot Sqft Source: Tax Records Total Units: 3 Acres: 1.1 SqFt Source: Property Data Card Rentals Allowed: With Restrictions Style: Single Family Year Built: 1957 Living Apx SqFt: 1500 Total Bedrooms: 3 Full Baths: 3 Total Baths: 3

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 Overseas Highway oceanside near MM 75

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No Association Fee $: 0

Fee Includes

None: 1

Dockage

None: 1

Tax Exemptions

None: 1

Appliances

No Appliances: 1

Pets

Pets Allowed: 1

Waterfront

Oceanfront: 1

Waterview

Ocean View: 1

Building Style

Above Flood: No Ground Level: 1

Construction

Concrete: 1

Land Size

More than 1 Lot: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Status Change Info

Contingent: None Contingent Remarks: inspections Status: Active

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: Oceanfront Waterview: Ocean View Dockage: None Building Style: Ground Level Utilities: FKAA; Municipal Sewer Appliances: No Appliances Construction: Concrete Pets: Pets Allowed Land Size: More than 1 Lot

Listing Office: Century 21 Circle- Islamorada

Last Updated: December - 10 - 2025

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