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74450 Overseas Hwy, Lower Matecumbe, FL - photo 1
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74450 Overseas Hwy, Lower Matecumbe, FL - photo 2
74450 Overseas Hwy, Lower Matecumbe, FL - photo 3
74450 Overseas Hwy, Lower Matecumbe, FL - photo 4
74450 Overseas Hwy, Lower Matecumbe, FL - photo 5
+22

$1,680,000

3 beds2 baths1,980 sqft|620533 MLS#

74450 Overseas Hwy, Lower Matecumbe, FL 33036

Est.$10,080/moGet pre-qualified

Single Family Residence

Residential

Built in

1967

Lot size

6,969 sqft

Price/sqft

$848

HOA

None

Listed by: Krissy Carnahan 305-522-0280, Realty ONE Group Destination (ISL) 305-293-8881

Source:Florida Keys MLS (FLKMLS)|MLS #620533

Get price drop alert on this property the moment it happen

Preferred Brokerage Partner

Kinsfolk Realty

Kinsfolk Signature Realty

What's special

Rare Mixed-Use Opportunity with Spectacular Ocean Views in Islamorada MM 74.5.Endless possibilities await at this highly visible, commercially zoned property located directly on the Overseas Highway at Mile Marker 74.5. Offering breathtaking open Atlantic Ocean views and exceptional highway frontage, this unique property is ideal for investors, entrepreneurs, or anyone seeking the perfect live-work lifestyle in the Florida Keys.Originally permitted as a three-unit apartment building, the property is currently configured with two primary living/work spaces, creating the opportunity for a buyer to explore the potential for a third apartment or reconfigure the property to suit their vision, subject to local approvals. Whether you're looking to maximize rental income, establish a business with residential accommodations, or create a one-of-a-kind family compound, the flexibility here is exceptional.The Neighborhood Commercial (NC) zoning opens the door to a wide variety of commercial uses while the existing residential layout also lends itself beautifully to conversion into a spacious single-family residence with incredible ocean views. Imagine waking each morning to the sunrise over the Atlantic while operating your business from one of Islamorada's most recognizable and accessible locations.The property offers generous parking, excellent visibility, fenced outdoor space, and a location surrounded by restaurants, shopping, marinas, and the best of the Florida Keys lifestyle. Opportunities with this combination of commercial frontage, residential flexibility, income potential, and unobstructed ocean views are exceptionally rare.Whether your vision is investment, business, residential living, or a combination of all three, this is a property where imagination truly becomes opportunity.

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Facts & features

Bedrooms & bathrooms

  • Bedrooms:3
  • Bathrooms:2
  • Full bathrooms:0

Heating

  • Has Heating:Yes

Interior area

  • Total structure area:1,980 sqft
  • Total interior livable area:1,980 sqft

Parking

  • Parking features:N/A
  • Garage spaces:0
  • Has attached garage:No

Lot

  • Size:6,969 sqft

Details

  • Parcel number:N/A

Type & style

  • Home type:Single Family Residence
  • Property subtype:Residential

Materials

  • • N/A

Condition

  • Year built:1967

Contact agent

Price history

DateEventPrice
9/15/2026Listed for sale$1,680,000$848/sqft

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