81910 & 81908 Overseas Highway, ISLAMORADA, FL

$6,995,000

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30,415

Square feet

About 81910 & 81908 Overseas Highway

Once in a lifetime investment in the heart of Islamorada. This exceptional property offers a wide range of potential uses as it includes two Village Center parcels stretching from Highway to Bay, currently featuring a spacious 3,995 sqft restaurant and bar with a coveted 5COP liquor license - no food quota.Village Center zoning allows for multiple use opportunities including, but not limited to, single family estate, multi family compound, luxury townhomes, vacation rentals, restaurants, marinas, general store with package sales, and much more.The property spans 30,415 sqft. Includes a Bayfront boat basin, providing dockage for up to 7 vessels and there is adequate depth for an additional 100' dock to be constructed.The Village of Islamorada officially recognizes three waterfront market-rate dwelling units . The three waterfront Transferable Development Rights (TDRs) can be utilized onsite, transferred to another location, or sold to a receiver site. The Village Center Zoning would allow up to 8 market-rate dwelling units to be developed on site for a new luxury townhome community, with the transfer in of additional TDRs.Whether you're looking to rehab a local iconic business, start a new business, redevelop the entire site, or create a spectacular residential estate, this unicorn property is perfectly located. ***Buyer to verify ALL information.***

Features of 81910 & 81908 Overseas Highway

MLS® # 611386
Price $6,995,000
Square Footage 30,415
Type Vacant Land
Status Active

Community Information

Address 81910 & 81908 Overseas Highway
Area 23 - Upper Matecumbe
Subdivision Strattons (82.5)
City ISLAMORADA
County Monroe
State FL
Zip Code 33036

Amenities

Utilities Electric on Site, Water Meter, Water Line, Sewer
View Open Water View, Bay View
Is Waterfront Yes
Waterfront Bay Front, Open Water

Interior

Has Basement No

Exterior

Lot Description 1/2 - Less Than 1 AC, More than 1 Lot

Additional Information

Date Listed September 7th, 2024
Days on Market 164
Zoning VC - Village Center
Short Sale No
RE / Bank Owned No

Listing Details

AgentJocelyn Tiedemann
OfficeIsland Equity Real Estate

Listing Map

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