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For sale
  • Price cut: $4M (7/20)
    $6,495,000

    75131 Overseas Hwy, Islamorada, FL 33036

    3beds
    1,500sqft
    : 
    $40,071/mo
    Get pre-qualified
    Single Family Residence
    Built in 1957
    1.1 Acres Lot
    $-- Zestimate®
    $4,330/sqft
    $-- HOA

    What's special

    Plenty of starsBeautiful full moon risingsView alligator lighthouse
    Beautiful 200' of oceanfront property on Lower Matecumbe Key. This offering consists of one 100' lot, vacant with TDR & contiguously, a 100' lot with a triplex apartment building (3 TDRs),.This gives you endless possibilities for redevelopment of the property. The vacant lot has an additional 200' of bay bottom. Fantastic 180° ocean views make for gorgeous sunrises on the naturally sandy beaches. View Alligator Lighthouse, watch dolphins, manatees, and birds feeding on fish right in front of you. At night, beautiful full moon risings, cruise ships with their lights passing, and plenty of stars. Launch kayaks from the beach to do a little tarpon fishing and bonefish are making a comeback so you can wade with your fly rod for a thrill. Also snorkel for lobster in season in all the little crevices and holes off shore of the property. Recap: 200' of oceanfront made up of 1 vacant lot with TDR, 1 lot with 3 apartments, bay bottom on the vacant lot, for a total of 4 TDRs on the property Note: One of the owners is a State of Florida Real Estate Licensee
    901 days
    |
    463
    |
    11
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Randy Selden 305-481-6732,

    Century 21 Circle- Islamorada,

    Barbara Edgar 305-393-0940,

    Century 21 Circle- Islamorada

    Source: FLKMLS,MLS#: 608546MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      Appliances
      • Included: None
      Interior area
      • Total structure area: 1,500
      • Total interior livable area: 1,500 sqft

      Property

      Features
      • Levels: Ground Level
      • On waterfront: Yes
      Lot
      • Size: 1.1 Acres
      • Dimensions: 300' wide X 160' deep
      Details
      • Additional parcels included: 00398870-000000
      • Parcel number: 00398880000000
      • Zoning: R1 - Residential Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Concrete
      Condition
      • Year built: 1957

      Community & HOA

      Community
      • Subdivision: Mat Ocean Beach (75.0)
      HOA
      • Has HOA: No
      • Services included: None
      Location
      • Region: Islamorada

      Financial & listing details

      • Price per square foot: $4,330/sqft
      • Annual tax amount: $27,699
      • Date on market: 10/22/2024

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $5,078/mo

        Price history

        DateEventPrice
        7/20/2026Price change$500,000-88.9%$333/sqft
        Source: FLKMLS #616632 Report a problem
        3/5/2026Price change$4,500,000-30.7%$3,000/sqft
        Source: Key West AOR #618928 Report a problem
        7/25/2025Price change$6,495,000+1225.5%$4,330/sqft
        Source: Key West AOR #608979 Report a problem
        4/9/2025Price change$490,000-93%$327/sqft
        Source: FLKMLS #610769 Report a problem
        10/22/2024Listed for sale$6,995,000$4,663/sqft
        Source: Key West AOR #608546 Report a problem
        9/11/2024Contingent$6,995,000$4,663/sqft
        Source: Key West AOR #608546 Report a problem
        2/5/2024Listed for sale$6,995,000-6.7%$4,663/sqft
        Source: Key West AOR #608546 Report a problem
        10/5/2023Listing removed--
        Source: FLKMLS #602905 Report a problem
        10/27/2022Listed for sale$7,500,000$5,000/sqft
        Source: FLKMLS #602905 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        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.
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        Climate risks

        Neighborhood: 33036

        Getting around

        0 / 100
        Car-Dependent
        33 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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