82929 Overseas HWY Active Save Request In-Person Tour Request Virtual Tour
Upper Matecumbe Key Islamorada,FL 33036
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Ocean View (82.5)
MLS Listing ID 614467
Year Built 1963
Annual Tax Amount $6,395
Tax Year 2024
Lot Size 22 Sqft
Property Sub-Type Multi-Family
Property Description
Prime Redevelopment Opportunity in the Heart of IslamoradaA rare investment in paradise! This one-of-a-kind property, made up of three parcels located at 82925, 82929, and 82935 Overseas Hwy, presents a developer's dream in the heart of Islamorada. Offering a blank canvas, this unique site is poised for transformation, pending approval from the Village of Islamorada.Currently featuring a mix of mobile homes, multiple apartments, and a commercial building, the property is zoned Village Center, allowing for a broad range of redevelopment possibilities. Potential lies in creating a unique enclave complete with bungalows, amenities, and lush landscaping creating an aspirational residential community.At the gateway to Islamorada, this prime location offers an unparalleled welcome to all Islamorada has to offer including world-class fishing, dining, diving, and shopping. Pending Village approval, the property boasts 12 market rate dwelling units and 3,456 sq ft of non-res floor area. Investors may explore on-site redevelopment or transfer of building rights.Find a win through thoughtful investment in the charmed Islamorada real estate market.
Location
State FL
County Monroe
Area 23 - Upper Matecumbe
Zoning VC - Village Center
Exterior
Utilities Available FKAA,Separate Meters,Buyer to Verify,Municipal Sewer
Waterfront Description No
Others
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