80939 Overseas Highway, Upper Matecumbe Key Islamorada, FL 33036 (MLS# 609289)

80939 Overseas Highway, Upper Matecumbe Key Islamorada, FL 33036

$3,900,000

Property Type: Commercial Sale Bedrooms: 7 Baths: 7 Lot Size (sq. ft.): 37,126 Status: Active

Current Price: $3,900,000 List Date: 3/22/2024 Last Modified: 8/14/2025

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 .

More Information MLS# 609289

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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