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.
For sale
$1,680,000
74450 Overseas Hwy, Islamorada, FL 33036
3beds
1,980sqft
Single Family Residence
Built in 1967
6,969 Square Feet Lot
$1,562,800 Zestimate®
$848/sqft
$25/mo HOA
What's special
Excellent visibilityExceptional highway frontageGenerous parkingSpectacular ocean viewsUnobstructed ocean viewsFenced outdoor space
- 60 days
- 270
- 0
Zillow last checked:
Listing updated:
Listed by:
Krissy Carnahan 305-522-0280,
Realty ONE Group Destination (ISL)
Source: FLKMLS,MLS#: 620533
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air, Ductless
Appliances
- Included: Washer, Dryer, Refrigerator, Oven, Microwave
- Laundry: Laundry Room
Features
- Flooring: Tile, Laminate
Interior area
- Total structure area: 1,980
- Total interior livable area: 1,980 sqft
Property
Parking
- Parking features: Storage
Features
- Exterior features: Outdoor Shower, Storage
- Fencing: Fenced
Lot
- Size: 6,969 Square Feet
- Dimensions: 60 X 115
Details
- Parcel number: 00392260000000
- Zoning: NC - Neighborhood Commercial
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- CBS, Concrete
Condition
- Year built: 1967
Community & HOA
Community
- Features: Bike Paths
- Security: No Security
- Subdivision: White Marlin Bch (74.5)
HOA
- Has HOA: No
- Services included: Other
- HOA fee: $300 annually
Location
- Region: Islamorada
Financial & listing details
- Price per square foot: $848/sqft
- Annual tax amount: $7,363
- Date on market: 7/5/2026
- Listing terms: Seller Finance Psble,Cash,Conventional
Estimated market value
$1,562,800
$1.48M - $1.64M
$6,578/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/5/2026 | Listed for sale | $1,680,000+5.7%$848/sqft |
Source: | ||
| 11/9/2023 | Listing removed | -- |
Source: | ||
| 5/27/2023 | Listed for sale | $1,590,000+6.1%$803/sqft |
Source: | ||
| 6/21/2022 | Listing removed | -- |
Source: | ||
| 5/23/2022 | Pending sale | $1,499,000$757/sqft |
Source: | ||
| 2/21/2022 | Listed for sale | $1,499,000$757/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment









