$13,830,000
Lower Matecumbe, FL 33036
MLS# 566120
Status: Closed

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Property Description
The Parmelee Estate is a well-maintained yet undeveloped Islamorada haven with an island at its center. The 40-acre property is situated on the bayside of Lower Matecumbe Key and is accessed by way of a private road. Owned by the same family since the 1950's , the parcel is ensconced in 4,000 Jamaica Tall and Maypan coconut palms, silver and green buttonwoods and other native plants that the
Details
Documents
Contract Information
Current Price: $13,830,000
Listing Date: 2014-12-18
Listing Board: Florida Keys
Leased Price Monthly: $13,830,000
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Location, Tax & Legal
Street #: 100
Street Name: Sapodilla
Street Suffix: Drive
Key/Island: Lower Matecumbe
State/Province: FL
Zip Code: 33036
County: Monroe
General Property Description
Realtor.COM Type: Vacant Land
Waterfront: Yes
Control Depth: 5
Lot SqFt: 47539
Survey Available: Yes
Status Change Info
Under Contract Date: 2017-04-27
Leased Date: 2017-11-27
Leased Price Monthly: $13,830,000
Sold Comments: Concessions made on sellers part
Status: Closed
Miscellaneous Info
Mobile Home Lot: No
Dockage
Seawall: Concrete
Financial Status
Bank Owned: No
Potential Short Sale: No
Property Features
Tax Exemptions: None
Waterfront: Bay Front; Canal Front; Gulf Front; Open Water
Waterview: Bay View; Canal View; Open Water View
Existing Utilities: Electric on Site; Water Line; Water Meter
BuildingPermit: No Permit
Security: Electric Gate
Land Size: 10 or more Acres
Terms: Buyer Obtain Finance
Title: Title Ins - Buyer
Supplements
family has lovingly planted and tended for four generations.
Currently, the property is surrounded by water on three sides and holds one modest home, situated on the Florida Bay. This quaint old Florida one-level cottage offers two bedrooms, two baths, and a kitchen overlooking the water. The land remains primed for future development on 10 – 4 acre building sites, including two located on the central island. Each parcel is allowed one main home, a guest home and care taker quarters and all building sites have water access and magnificent views!
The Parmelee Estate is one of the most coveted properties and few remaining gems within the Florida Keys that is untouched by past development, and therefore holds practically endless possibilities. This pristine piece of land offers buyers an idyllic opportunity to develop the land as they wish, enjoying a private escape as well as the many conveniences available in Islamorada.
Listing Office: Ocean Sotheby's International Realty
Last Updated: September - 08 - 2024
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.