$3,524,000
Lower Matecumbe, FL 33036
MLS# 618670
7 beds | 4 baths | 3524 sqft
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Property Description
A Keys compound built to enjoy now-grow into the future, or internally convert to a 3,524 sq ft primary home without structural changes, while retaining a Waterfront Transferable Development Right (TDR/TBR) in Islamorada (approx. $650K value). Exceptional opportunity in the coveted White Marlin Beach community at MM74, this canal-front luxury family compound offers rare multi-family autonomy, strong income performance, & resort-style amenities; ideal for an owner-user, investor, or legacy Keys retreat. With two autonomous 2BR/1BA residences upstairs & a separate 3BR/2BA finished, a/c area downstairs, providing privacy, flexibility, & seamless multi-generational or guest use. In total, the compound offers 7 bedrooms & 4 bathrooms, comfortably accommodating up to 24 guests. Designed for both lifestyle & performance, when fully rented, can generate $16,000+ per month in rental income. Zoning & multiple building rights support future expansion or redevelopment. Outdoors, enjoy a resort-style waterfront setting with a private pool, expansive concrete sun deck, outdoor shower, & 70-foot concrete dock with fish-cleaning station, all situated on a 6' control-depth canal with easy access to both bay & ocean waters; ideal for boating, fishing, diving, and paddle sports. Interior finishes reflect modern coastal luxury, including updated kitchens with quartz countertops & stainless appliances, spa-inspired baths with glass-enclosed showers, large-format tile flooring, recessed lighting, & turnkey furnishings. Multiple balconies & patios capture steady breezes & tranquil water views, with manatees frequently passing by. Enjoy private gated access to White Marlin Beach, just a short walk away, offering bay-side sunset views, with the Atlantic Ocean beach also nearby. Grocery stores, marinas, restaurants & bike paths are all within minutes. Rarely does a property offering this level of unity with autonomy, along with amenities, income potential in Islamorada
Details
Maps
Contract Information
Listing Board: Florida Keys
Current Price: $3,524,000
Listing Date: 2026-02-16
List Price: $3,524,000
Location, Tax & Legal
City: ISLAMORADA
Off Shore Island: No
Mile Marker: 74.5
Marathon Neighborhood: N/A
Side: Bay/Gulf
Flood Zone: AE 7
Alternate Key #: 1480673
Zoning: R1 - Residential Single Family
Deed Restrictions: No
Legal: BK C LT 3 WHITE MARLIN BEACH SEC-1 LOWER MATECUMBE KEY PB3-184 OR375-553/554 OR712-873 OR855-1500 OR1067-192 OR2882-119
Taxes: 11822
Tax Year: 2025
Pub Sewer HkUp: Yes
Street #: 110
Street Name: Gulfview
Street Suffix: Drive
Key/Island: Lower Matecumbe
State/Province: FL
Zip Code: 33036
County: Monroe
Subdivision: White Marlin Bch (74.5)
Area: 22 - Lower Matecumbe
General Property Description
Realtor.COM Type: Multi-family
Waterfront: Yes
Control Depth: 6
Lot Size: 70 x 100
Lot SqFt: 7000
Pool: Yes
Lot Sqft Source: Property Data Card
SqFt Source: Property Data Card
Rentals Allowed: With Restrictions
Min Rental Days: 28
Style: Duplex
Year Built: 1999
Living Apx SqFt: 3524
Total Bedrooms: 7
Full Baths: 4
Total Baths: 4
Remarks & Misc
Remarks – Consumer: A Keys compound built to enjoy now-grow into the future, or internally convert to a 3,524 sq ft primary home without structural changes, while retaining a Waterfront Transferable Development Right (TDR/TBR) in Islamorada (approx. $650K value).
Exceptional opportunity in the coveted White Marlin Beach community at MM74, this canal-front luxury family compound offers rare multi-family autonomy, strong income performance, & resort-style amenities; ideal for an owner-user, investor, or legacy Keys retreat.
With two autonomous 2BR/1BA residences upstairs & a separate 3BR/2BA finished, a/c area downstairs, providing privacy, flexibility, & seamless multi-generational or guest use. In total, the compound offers 7 bedrooms & 4 bathrooms, comfortably accommodating up to 24 guests.
Designed for both lifestyle & performance, when fully rented, can generate $16,000+ per month in rental income. Zoning & multiple building rights support future expansion or redevelopment.
Outdoors, enjoy a resort-style waterfront setting with a private pool, expansive concrete sun deck, outdoor shower, & 70-foot concrete dock with fish-cleaning station, all situated on a 6' control-depth canal with easy access to both bay & ocean waters; ideal for boating, fishing, diving, and paddle sports.
Interior finishes reflect modern coastal luxury, including updated kitchens with quartz countertops & stainless appliances, spa-inspired baths with glass-enclosed showers, large-format tile flooring, recessed lighting, & turnkey furnishings. Multiple balconies & patios capture steady breezes & tranquil water views, with manatees frequently passing by.
Enjoy private gated access to White Marlin Beach, just a short walk away, offering bay-side sunset views, with the Atlantic Ocean beach also nearby. Grocery stores, marinas, restaurants & bike paths are all within minutes.
Rarely does a property offering this level of unity with autonomy, along with amenities, income potential in Islamorada
Directions: Use Waze or GPS
Association Info
Mandatory Home Owners Asc: No
Voluntary Home Owners Asc: Yes
1st Right of Refusal: No
Association Fee $: 600
Assoc/Mnt Fee Per: Yearly
Fee Includes
Common Area Mnt: 1
Other: 1
Dockage
Dock Length: 70
Dock: Concrete
Davit Pads: 1
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Gas Appliances: 1
Ice Machine: 1
Microwave: 1
Oven: 1
Range: 1
Refrigerator: 1
Stainless Steel Appliance(s): 1
Washer: 1
Pets
Pets Allowed: 1
Cooling
Ceiling Fans(s): 1
Central Air: 1
Heating
Central: 1
Electric: 1
Waterfront
Canal Front: 1
Waterview
Canal View: 1
Floor
Tile: 1
Neighborhood Feature
Beach: 1
Bike Paths: 1
Fire Hydrant: 1
Interior Features
Drapes/Blinds Incl: 1
Quartz Countertops: 1
Smoke Alarms: 1
Walk-in Closet(s): 1
Property Condition
Updated/Remodeled: 1
Specialty Rooms
Laundry Room: 1
Building Style
Above Flood: Yes
Ground Level: 1
Stories: 2 Stories
Windows/Doors
Sliding Glass Doors: 1
Vehicle Storage
Car(s): 4+
Open Parking: 1
Construction
Combo Construction: 1
Concrete: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Furnished: 1
Terms
Cash: 1
Conventional: 1
Seller Finance Psble: 1
Utilities
Cable Available: 1
Elect Separate Meter: 1
FKAA: 1
Propane: 1
Water Separate Meter: 1
Porch/Balcony
Open Porch/Balcony: 1
Patio: 1
Screened Patio: 1
Exterior Features
Fencing: 1
Outdoor Shower: 1
Rain Gutters: 1
Pool Info
In Ground: 1
Salt Water: 1
Heated: Yes
Concrete: 1
Dimensions: 12 x 30
Other Surroundings: waterfall
Pre-Wired
Cable: 1
Other: MESH wifi
Roof
Concrete Roof: 1
Shutters
Panel: 1
GF-Interior Features
LED Lighting: 1
Programmable Thermst: 1
Tankless Hot Wtr Htr: 1
Status Change Info
Status: Active
Property Features
Fee Includes: Common Area Mnt; Other
Tax Exemptions: None
Waterfront: Canal Front
Waterview: Canal View
Dockage: Davit Pads
Property Condition: Updated/Remodeled
Building Style: Ground Level
Vehicle Storage: Open Parking
Furnished: Furnished
Cooling: Ceiling Fans(s); Central Air
Heating: Central
Utilities: Cable Available; Elect Separate Meter; FKAA; Propane; Water Separate Meter
Interior Features: Drapes/Blinds Incl; Quartz Countertops; Smoke Alarms; Walk-in Closet(s)
Pre-Wired: Cable
Specialty Rooms: Laundry Room
Appliances: Dishwasher; Disposal; Dryer; Gas Appliances; Ice Machine; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer
Exterior Features: Fencing; Outdoor Shower; Rain Gutters
Pool Info: In Ground; Salt Water; Concrete
Construction: Combo Construction; Concrete
Shutters: Panel
Floor: Tile
Roof: Concrete Roof
Pets: Pets Allowed
Neighborhood Feature: Beach; Bike Paths; Fire Hydrant
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional; Seller Finance Psble
GF-Interior Features: LED Lighting; Programmable Thermst; Tankless Hot Wtr Htr
Listing Office: EXP Realty, LLC
Last Updated: February - 16 - 2026
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