Ad #8014120
MLS #620533
NEW PHOTOS COMING SOON . Rare Mixed-Use Opportunity with
74450 Overseas Hwy, Lower Matecumbe Key, FL 33036
$1,680,000
3Beds
2Baths
1,980Sqft
0.16Acres
About this property
NEW PHOTOS COMING SOON . 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.
Property Features
3 Beds
2 Baths
1,980 Sqft
Built in 1967
0.16 Acres
Beachview
Siding: CBS, Concrete
Concrete, Tar/Gravel Roof
Central
$7,363 / yr property tax
Monroe County
White Marlin Bch (745) Community
Additional Photos
Contact Information
Krissy Carnahan
Realty ONE Group Destinations (ISL)
305-522-0280
Location
Listing Agent: Krissy Carnahan (License #: 3508306) 305-522-0280
Broker: Realty ONE Group Destinations (ISL) 305-731-9510 Listing Site
Copyright © 2026 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Realty ONE Group Destinations (ISL) 305-731-9510 Listing Site
Copyright © 2026 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 11, 2026
Photo Gallery
$1,680,000
3
Beds
2
Baths
1,980
Sqft
74450 Overseas Hwy, Lower Matecumbe Key, FL 33036
By contacting this agent you agree to these Terms and Conditions.
MLS# 620533
NEW PHOTOS COMING SOON . Rare Mixed-Use Opportunity with
$1,680,000
74450 Overseas Hwy, Lower Matecumbe Key, FL 33036
3
Beds
2
Baths
1,980
Sqft
0.16
Acres
$1,680,000
74450 Overseas Hwy, Lower Matecumbe Key, FL 33036
3 Beds
2 Baths
1,980 Sqft
0.16 Acres
NEW PHOTOS COMING SOON . 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.
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Property Details
HOME DETAILS
3 Beds
2 Baths
1,980 Sqft
Built in 1967
0.16 Acres
BEACH & VIEW
Beachview
EXTERIOR
Siding: CBS, Concrete
Concrete, Tar/Gravel Roof
INTERIOR
Central
FINANCIAL & COMMUNITY
$7,363 / yr property tax
Monroe County
White Marlin Bch (745) Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
8014120
Viewed
34 times
Listing Status
Active
Added
Jul 05, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Florida Keys Board of REALTORS®
Source Property ID
620533
Listing Agent: Krissy Carnahan (License #: 3508306) 305-522-0280
Broker: Realty ONE Group Destinations (ISL) 305-731-9510 Listing Site
Copyright © 2026 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Realty ONE Group Destinations (ISL) 305-731-9510 Listing Site
Copyright © 2026 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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