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.
Lot/land
Price cut: $1M (7/28)
$3,900,000
74900 Overseas Hwy, Lower Matecumbe Key, FL 33036
--beds
0baths
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
- 65 days
- 109
- 19
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#: 620460
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Features
- On waterfront: Yes
Lot
- Size: 0.74 Acres
Details
- Parcel number: 00393970000000
- Zoning: R1 - 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
| Date | Event | Price |
|---|---|---|
| 7/28/2026 | Price change | $3,900,000-20.4% |
Source: | ||
| 6/30/2026 | Listed for sale | $4,900,000+22.7% |
Source: | ||
| 10/1/2025 | Listing removed | $3,995,000 |
Source: | ||
| 7/28/2025 | Price change | $3,995,000-7% |
Source: | ||
| 5/18/2025 | Price change | $4,295,000-9.6% |
Source: | ||
| 3/20/2025 | Listed for sale | $4,750,000+72.7% |
Source: | ||
| 12/2/2022 | Listing removed | -- |
Source: | ||
| 10/25/2022 | Price change | $2,750,000-8.2% |
Source: | ||
| 2/19/2022 | Price change | $2,995,000-3.4% |
Source: | ||
| 11/30/2021 | Listed for sale | $3,100,000+520% |
Source: | ||
| 1/16/2015 | Sold | $500,000-33.3% |
Source: | ||
| 12/1/2005 | Sold | $750,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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






