75131 Overseas Highway, Lower Matecumbe, FL 33036 (MLS# 608979)

75131 Overseas Highway, Lower Matecumbe, FL 33036

$6,495,000

Property Type: Vacant Land 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# 608979

Contract Information

Listing Board: Florida Keys Limited Representation: No Potential Short Sale: No Bank Owned: No Current Price: $6,495,000 Listing Date: 2024-03-01 List Price: $6,495,000

Location, Tax & Legal

City: ISLAMORADA Mile Marker: 75 Marathon Neighborhood: N/A Side: Ocean Flood Zone: AE-11 Alternate Key #: 1491276 Add'l Parcel #1: 00398870-000000 Parcel #: 00398880-000000 Zoning: R1 - Residential Single Family Deed Restrictions: Unknown Legal: Lots 67 and 66, plus baybottom adjacent to Loys 66 of Matecumbe Ocean Beach Section A Lower Matecembe PB2-3 Taxes: 27699 Tax Year: 2023 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: Vacant Land Waterfront: Yes Control Depth: 2 Lot SqFt: 48000 Lot Sqft Source: Property Data Card Total Lots: 3 Survey Available: No Vegetation Survey: No

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 Overeas Highway oceanside near MM 75

Assoc/Misc Info

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

Miscellaneous Info

Mobile Home Lot: No

Dockage

Dock: Other

Tax Exemptions

Homestead: 1

Waterfront

Oceanfront: 1

Waterview

Ocean View: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Contingent: None Contingent Remarks: inspections Status: Active

Property Features

Tax Exemptions: Homestead Waterfront: Oceanfront Waterview: Ocean View

Listing Office: Century 21 Circle- Islamorada

Last Updated: December - 10 - 2025

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