75131 Overseas Highway, Lower Matecumbe, FL 33036

$6,995,000 Asking Price

3 beds
3 baths
1,500  sqft
Built in 1957

Beautiful 300' of oceanfront property on Lower Matecumbe Key. This offering consists of two 100' lots, vacant & contiguous, a 100' lot with a triplex apartment building, and 2 additional Transferable Development Rights. This gives you endless possibilities for redevelopment of the property. The two vacant lots have 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: 300' of oceanfront made up of 2 vacant lots, 1 lot with 3 apartments, bay bottom on the vacant lots, and 2 additional transferable building rights.Note: One of the owners is a State of Florida Real Estate Licensee

Features & Amenities

Exterior

Pool:
None

Location

County:
Monroe

Lot

Zoning:
R1 - Residential Single Family, 1491276, 00398880-000000

Utilities

Utilities:
FKAA,Municipal Sewer

This listing courtesy of:
Century 21 Circle, Randy Selden

About Islamorada, FL

Housing

Number of Units
3,865
Median Home Value
$781,686
Median Rent
$1,537

22.05% of housing units are renter occupied.

46.90% are vacant.

Commute

Car
70.32%
Public Transportation
1.27%
Walk to Work
3.81%
Work from Home
17.38%
Other
3.51%

The median travel time to work is 22 minutes.

People

Population
4,041
Median Age
54.80
Median Household Size
2.21

Education

High School
27.84%
Associate’s Degree
10.58%
Bachelor’s Degree
25.64%
Graduate Degree
17.55%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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