74450 Overseas Highway, Lower Matecumbe, FL

$1,680,000

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3

Beds

2

Baths

1,980

Square feet

0.16

Acres

About 74450 Overseas Highway

Prime Islamorada Mixed-Use Investment | Ocean Views | Overseas Highway Frontage Exceptional mixed-use investment opportunity in the heart of Islamorada. Positioned directly on the Overseas Highway at Mile Marker 74.5, this highly visible Neighborhood Commercial (NC) property offers outstanding exposure, excellent accessibility, and panoramic Atlantic Ocean views. Originally permitted as a three-unit apartment building, the property is currently configured with two primary residential/commercial spaces, presenting an opportunity for a future owner to explore the potential for a third apartment or additional income-producing space, subject to local approvals. The flexible layout lends itself to owner-occupancy, employee housing, professional offices, retail, vacation accommodations (where permitted), or a variety of commercial uses allowed under NC zoning. An increasingly rare feature in the Upper Keys, this property combines valuable highway frontage with parking, exceptional visibility, and an oceanfront setting. Investors, business owners, and developers will appreciate the property's versatility, while end users may envision transforming it into a distinctive single-family residence with sweeping Atlantic views. Located in one of the Florida Keys' most desirable markets, the property is surrounded by established businesses, restaurants, marinas, resorts, and world-endless fishing and diving destinations. Its strategic location offers convenient access for both locals and visitors traveling throughout the Keys. Whether you're seeking a long-term investment, owner-user opportunity, redevelopment potential, or a signature live-work property, this unique Islamorada offering delivers location, flexibility, visibility, and exceptional upside in one of Florida's most sought-after commercial corridors.

Features of 74450 Overseas Highway

MLS® # 620534
Price $1,680,000
Bedrooms 3
Bathrooms 2.00
Full Baths 2
Square Footage 1,980
Acres 0.16
Year Built 1967
Type Commercial Sale
Sub-Type Misc Prop Rights
Status Active

Community Information

Address 74450 Overseas Highway
Area 22 - Lower Matecumbe
Subdivision White Marlin Bch (74.5)
City Lower Matecumbe
County Monroe
State FL
Zip Code 33036

Amenities

Utilities FKAA, Municipal Sewer, Buyer to Verify
Parking Common Parking, Guest Parking, Off Street Parking, Trailer Storage
View Ocean View
Is Waterfront No
Waterfront Oceanfront, Open Water
Has Pool No

Interior

Appliances Washer, Dryer
Fireplace No
# of Stories 2
Has Basement No

Exterior

Lot Description Less Than 1/4 Acre
Construction CBS, Concrete

Additional Information

Date Listed July 8th, 2026
Days on Market 24
Zoning NC - Neighborhood Commercial
Short Sale No
RE / Bank Owned No
HOA Fees Freq. Yearly

Listing Details

AgentKrissy Carnahan
OfficeRealty ONE Group Destination (ISL)

Listing Map

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