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Lot/land
  • $4,900,000

    74900 Overseas Hwy, Lower Matecumbe Key, FL 33036

    --beds
    --baths
    0.74Acres
    Unimproved Land
    Built in ----
    0.74 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Refreshing ocean breezesSpectacular sunrisesBreathtaking ocean viewsExpansive wide canal views
    A truly once in a generation opportunity to build your dream estate in the heart of Islamorada's coveted Lower Matecumbe. This exceptional vacant homesite is one of the few remaining parcels of its size available in all of Islamorada, offering an incredibly rare combination of breathtaking ocean views and expansive wide canal views.Encompassing over 32,000 square feet, this extraordinary property provides the perfect canvas for a custom waterfront residence designed to capture spectacular sunrises, refreshing ocean breezes, and the unmatched beauty of the Florida Keys. Its unique setting offers the best of both worlds--open water vistas in the front and a wide canal in the rear, creating an unparalleled lifestyle for boating enthusiasts and those seeking privacy, space, and unforgettable scenery.Opportunities to acquire a property of this caliber have become increasingly scarce in Islamorada, where large vacant parcels are exceptionally limited. Whether you're envisioning a private family compound or a legacy waterfront estate, this one-of-a-kind offering represents a chance to create something truly extraordinary in one of the Florida Keys' most desirable destinations.
    17 days
    |
    262
    |
    13
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Alexander Pinero 305-450-4541,

    Pine River Realty, LLC,

    Dominic Rivera 786-556-3434,

    Pine River Realty, LLC

    Source: FLKMLS,MLS#: 620460MLS LogoOriginating MLS: Florida Keys

      Facts & features

      Property

      Features
      • Has view: Yes
      • View description: Canal, Ocean, Water
      • Water view: Canal,Ocean,Water
      • Waterfront features: Canal Front, Open Water, Waterfront, Dockage: None
      Lot
      • Size: 0.74 Acres
      • Features: 1/2 - Less Than 1 AC
      Details
      • Parcel number: 00393970000000
      • Zoning: R1
      • Zoning description: Residential Single Family

      Community & HOA

      Community
      • Subdivision: Mat Sandy Bch (75.0)
      HOA
      • Has HOA: No
      Location
      • Region: Lower Matecumbe Key

      Financial & listing details

      • Tax assessed value: $1,308,202
      • Annual tax amount: $7,204
      • Date on market: 6/30/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $5,307/mo

        Price history

        DateEventPrice
        6/30/2026Listed for sale$4,900,000+22.7%
        Source: Key West AOR #620460 Report a problem
        10/1/2025Listing removed$3,995,000
        Source: FLKMLS #614251 Report a problem
        7/28/2025Price change$3,995,000-7%
        Source: MIAMI #A11767401 Report a problem
        5/18/2025Price change$4,295,000-9.6%
        Source: MIAMI #A11767401 Report a problem
        3/20/2025Listed for sale$4,750,000+72.7%
        Source: FLKMLS #614251 Report a problem
        12/2/2022Listing removed--
        Source: Key West AOR #598642 Report a problem
        10/25/2022Price change$2,750,000-8.2%
        Source: Key West AOR #598642 Report a problem
        2/19/2022Price change$2,995,000-3.4%
        Source: Key West AOR #598642 Report a problem
        11/30/2021Listed for sale$3,100,000+520%
        Source: Key West AOR #598642 Report a problem
        1/16/2015Sold$500,000-33.3%
        Source: FLKMLS #564620 Report a problem
        12/1/2005Sold$750,000
        Source: FLKMLS #532563 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,204 +6.1%$474,994 +10%
        2024$6,788 +2.9%$431,813 +10%
        2023$6,595 +17.7%$392,557 +10%
        2022$5,604 +41.9%$356,870 +10%
        2021$3,950 +4.8%$324,427 +10%
        2020$3,769 $294,934 +10%
        2019$3,769 +19.4%$268,122 +7.3%
        2018$3,156 +6.3%$249,950 -46.1%
        2017$2,968 -40.3%$463,471 -0.6%
        2016$4,974 -5.8%$466,197 +9.8%
        2015$5,280 $424,569
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 33036

        Getting around

        3 / 100
        Car-Dependent
        40 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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