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For Sale

$4,995,000

75700 Overseas Highway
Islamorada, FL 33036

This property presents and abundance of opportunities! A once-in-a-lifetime opportunity to acquire one of the most unique properties in the Florida Keys! Located in the prestige fishing capital of the world, Islamorada. This property presents and abundance of opportunities! The parcel is approximately 63,598 square feet. (1.46 acres) Plus approximately 15,000 square feet of deeded bay bottom! Situated along deep water with your very own protected boat basin that can hold multiple boats. Zoned Multi- Family this estate includes 2 Market Rate Building Rights, which is allowed for WEEKLY rental. Plans and conditional use have been approved by the Village for an 8 unit townhouse, which is currently in Islamorada's Building Permit Allocation system. One option is to keep the existing buildings with its weekly gross revenue. A second option would be to build two market rate homes. A third option is to build a one of a kind secluded oceanfront estate with guest home. The fourth option is to build the 8 Unit Townhouse Building with the extended dockage after receiving the 6 required building rights. Enjoy endless opportunities with this rare Gulf Front Estate. Lines in the aerials are approximate. Ready for Offers. Read More

Market Status
Available
Last Updated
May 28, 2023

Property Type
Land
Architecture
Lots/Acreage
Parking
0 spaces
Property Type
Lots And Land; Single Family Detached

Local Market Conditions

There are currently 71 properties for sale in the Islamorada, FL area with the average listing price of $4,072,073. This represents an increase of +0.1% over the previous week. The 4 bedroom homes saw the largest increase in the average listing price over the previous week with a +1.7% increase. To learn more about the Islamorada, FL area, contact a local expert!

Market Snapshot for Islamorada, FL

Avg. Listing Price

$4,072,073

Wk ending May 27

$+5,704

+0.1%

w-o-w

71

805

91

56

56

28

Average Listing Price for Islamorada, FL
No. BedroomsNo. Beds Week Ending
(May 27)
w-o-w Week Ending
(May 20)
Week Ending
(May 13)
Week Ending
(May 6)
All PropertiesAll $4,072,073 +0.1% $4,066,369 $4,088,974 $4,156,003
1 bedroom1 BR - +0.0% - - -
2 bedrooms2 BR $2,848,400 +0.0% $2,848,400 $2,855,333 $2,997,500
3 bedrooms3 BR $2,371,910 +0.0% $2,371,910 $2,415,221 $2,579,960
4 bedrooms4 BR $3,785,200 +1.7% $3,721,381 $3,690,864 $3,704,304

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Listing Provided By:

Amy Prumo

Coldwell Banker Schmitt Real Estate Co.

Phone
This $4,995,000 Land at 75700 Overseas Highway in Islamorada, FL is presented by Amy Prumo. This $4,995,000 Land, located in the 33036 zip code, has the following property features: Parking, Property Type. This 75700 Overseas Highway Land is listed under MLS listing number 601323 and has a listing price of $4,995,000. You can find more Islamorada homes for sale here.

Copyright © 2023 Coldwell Banker. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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