74450 Overseas Highway, Lower Matecumbe, FL

$1,680,000

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3

Beds

2

Baths

1,980

Square feet

6,970

Land Size

About 74450 Overseas Highway

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.

Features of 74450 Overseas Highway

MLS® # 620533
Price $1,680,000
Bedrooms 3
Bathrooms 2.00
Full Baths 2
Square Footage 1,980
Land Size 6,970
Year Built 1967
Type Residential
Sub-Type Single Family Residence
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

Amenities Bike Paths
Utilities FKAA, Buyer to Verify
Parking Guest Parking, Off Street Parking, Trailer Storage
View Ocean View, Open Water View
Is Waterfront No
Waterfront None
Has Pool No

Interior

Interior Features Other
Appliances Washer, Dryer, Refrigerator, Oven, Microwave
Heating Central
Cooling Central Air, Ductless
Fireplace No
Has Basement No

Exterior

Exterior Features Fencing, Outdoor Shower, Storage
Lot Description Less Than 1/4 Acre
Windows Aluminum Windows, Impact Rstnce Window, Impact Rstnce Doors
Roof Concrete Roof, Tar/Gravel Roof
Construction CBS, Concrete

Additional Information

Date Listed July 1st, 2026
Days on Market 53
Zoning NC - Neighborhood Commercial
Short Sale No
RE / Bank Owned No
HOA Fees 300
HOA Fees Freq. Yearly

Listing Details

AgentKrissy Carnahan
OfficeRealty ONE Group Destination (ISL)

Listing Map

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