Investor or Developer Opportunity in the Heart of Islamorada! This waterfront property features 8 income-producing units in excellent condition, including seven 1-bedroom / 1-bath units and one penthouse 3-bedroom / 2-bath unit. All units are currently lease

74560 OVERSEAS HWY, Islamorada

$3,999,000 USD
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Address74560 OVERSEAS HWY, Islamorada
Building NameMATECUMBE SANDY BEACH
Type of PropertyQuadruplex
Property StyleQuadruplex
Price$3,999,000
Property StatusActive
MLS NumberA11883039
Living Area6071
Year Built1983
Parking Space Number15
Folio Number00394480-000105
Zoning InformationCFA
Days on Market9

Detailed Description: Investor or Developer Opportunity in the Heart of Islamorada! This waterfront property features 8 income-producing units in excellent condition, including seven 1-bedroom / 1-bath units and one penthouse 3-bedroom / 2-bath unit. All units are currently leased, offering immediate cash flow. Enjoy ample parking, a premium location directly on Overseas Highway, and frontage to the water — a rare find in such a central area. Zoning allows for multiple possibilities. Whether you’re looking to expand, redevelop, or simply enjoy stable income, this property is a must-see in the Florida Keys. Walking distance to restaurants, shops, marinas, and more.

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Address Information
StateFlorida
CityIslamorada
CountyMonroe County
Zip Code33036
Address74560 OVERSEAS HWY
Section20
Zip Code (4 Digits)4134
Financial Information
Price$3,999,000
Price per Foot$0
Folio Number00394480-000105
Tax Amount$18,004
Tax Year2025
Possession InformationFunding
Full Descriptions
Detailed DescriptionInvestor or Developer Opportunity in the Heart of Islamorada! This waterfront property features 8 income-producing units in excellent condition, including seven 1-bedroom / 1-bath units and one penthouse 3-bedroom / 2-bath unit. All units are currently leased, offering immediate cash flow. Enjoy ample parking, a premium location directly on Overseas Highway, and frontage to the water — a rare find in such a central area. Zoning allows for multiple possibilities. Whether you’re looking to expand, redevelop, or simply enjoy stable income, this property is a must-see in the Florida Keys. Walking distance to restaurants, shops, marinas, and more.
Water AccessDeeded Dock, Dock Available, Private Dock
Waterfront DescriptionCanal Front, Ocean Front
Roof DescriptionFlat Tile
Floor DescriptionCeramic Floor, Tile, Vinyl
Cooling DescriptionCeiling Fan (s), Electric
Heating DescriptionNone
Sewer DescriptionPublic Sewer
Property parameters
Living Area6071
Zoning InformationCFA
Year Built1983
Type of PropertyQuadruplex
StyleQuadruplex
Building NameMATECUMBE SANDY BEACH
Development NameMATECUMBE SANDY BEACH
Construction TypeConcrete Block Construction,Concrete Block With Brick
Stories Number3.000
Parking Space Number15
Listed withDacor Realty LLC