$3,900,000
Upper Matecumbe Key Islamorada, FL 33036
MLS# 621298
7 beds | 7 baths
1 / 24
Property Description
Rare opportunity in downtown Islamorada. This is a development dream property on three quarter of an acre with six transient units,one market rate unit plus a commercial restaurant. Lots of options for redevelopment from restaurant with employee housing to a small boutique hotel with its own eatery. License for more than 200 seats with indoor and outdoor dining and plenty of parking ,opportunities like this in the heart of Islamorada are not available often. This is a must see and won't last .
Details
Maps
Contract Information
Current Price: $3,900,000
Listing Date: 2026-09-15
Listing Board: Key West Association
Monthly Rent: $3,900,000
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
Location, Tax & Legal
Street #: 80939
Street Name: Overseas
Street Suffix: Highway
Key/Island: Upper Matecumbe Key Islamorada
State/Province: FL
Zip Code: 33036
Subdivision: The Key (80.5)
County: Monroe
Area: 23 - Upper Matecumbe
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot Size: 0.85 acres
Lot SqFt: 37126
Waterfront: No
Building SqFt: 4656
Total Units: 7
Year Built: 1963
Total Bedrooms: 7
Full Baths: 7
Total Baths: 7
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of Transient Licns: 6
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Status: Active
Property Features
Type: Apartment 3 or more; Bar; Restaurant
Waterfront: None
Waterview: No Waterview
Dockage: None
Utilities: FKAA
Appliances: Range; Refrigerator
Miscellaneous: Chickee Hut; High Traffc Location
Construction: CBS
Land Size: 1/4 - 1/2 Acre
Fee Includes: None
Property Rights: Beverage License; Transient License
Listing Office: Century 21 All Keys Inc (KW)
Last Updated: September - 15 - 2026
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