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$1,890,000
74980 Overseas Highway 3
Lower Matecumbe, FL 33036
MLS# 620271
5 beds  |  3 baths  |  2845 sqft
Sandglass
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Sandglass Protected dockage in deep-water lagoon Expansive open-concept living & dining Living area with lagoon view Generously sized living space Light-filled living and dining area Living and dining - staged Airy and spacious living area Open-concept living and dining Sprawling living area Cathedral ceiling throughout Chef's kitchen Lagoon view from the kitchen Modern stainless appliances Open-concept dining Open-concept dining Spectacular staircase Primary Suite Primary Suite with cathedral ceiling Primary Suite - staged Primary Suite with on-suite bathroom Primary Suite Primary bathroom/spa Primary bathroom with Ocean view Spacious primary bathroom Primary bathroom with Ocean view Guest bedroom #1 Light-filled guest bedroom #1 Spacious guest bathroom Guest bathroom with Ocean view Guest bedroom #2 with Ocean view Guest bedroom #2 - staged Guest bedroom #2 Contemporary staircase Staircase art Upstairs foyer/living area Upstairs foyer/living space Upstairs living area with Ocean view Guest bedroom #3 Guest bedroom #3 - staged Light-filled guest bedroom #3 Guest Bedroom #4 with on-suite bathroom Guest bedroom #4 with Ocean view Guest bedroom #4 - staged On-suite guest bathroom Over-sized guest bathroom upstairs On-suite guest bathroom Roomy guest bathroom Generously sized walk-in closet Huge screened-in outdoor space Screened deck - staged Lagoon view from balcony Lagoon view from screened balcony Living al fresco Ocean view Ocean view Entrance Roomy laundry and utility closet Common balcony with Ocean view Common balcony Lots of storage space Covered assigned parking for 4 cars Covered parking, 2 private storage rooms View from lagoon Aerial, looking towards Ocean Aerial with dockage Assigned boat slip with 16k boat lift Deep water, protected dockage Aerial, looking towards Bay Aerial, looking towards Ocean Street view Plenty room for cars and boat trailers Protected dockage Aerial showcasing the dockage Bird's-eye view Bird's-eye view

Property Description
Experience the ultimate Florida Keys lifestyle in this stunning split-level waterfront loft and take advantage of the vacation rental revenue. Ideally located in highly sought-after Lower Matecumbe. This exceptional 5-bedroom, 3-bath residence combines contemporary design with breathtaking water views, creating a truly unique island retreat. The thoughtfully designed layout features three spacious bedrooms on the lower level and two additional bedrooms upstairs, connected by a spectacular modern staircase that serves as a striking architectural centerpiece. Soaring ceilings and expansive windows fill the home with natural light, while the open-concept floor plan seamlessly connects the living, dining, and entertaining spaces. The sleek, modern kitchen is perfectly positioned to serve both everyday living and waterfront gatherings. Generously sized bedrooms and beautifully appointed bathrooms provide comfort and privacy for family and guests alike. Step outside to an impressive 667-square-foot waterfront screened deck overlooking the tranquil lagoon, offering the perfect setting for outdoor dining, entertaining, or simply enjoying the peaceful surroundings. Boaters will appreciate the deep-water dockage featuring a large boat slip and 16k boat lift, with convenient access to both the Atlantic Ocean and Florida Bay. Enjoy stunning views of the bayside lagoon and the ocean, along with world-class fishing, diving, and boating right from your backyard. Additional amenities include covered parking and ample storage space for all your water toys. Offering the perfect blend of modern elegance, waterfront living, and premier boating access, this remarkable Lower Matecumbe property is a rare opportunity to own a piece of paradise in one of Islamorada's most desirable locations. Onsite property management for true peace of mind.

Details
Maps
Contract Information
Current Price: $1,890,000
Listing Date: 2026-06-13
Listing Board: Florida Keys
Monthly Rent: $1,890,000
As is Rght to Inspct: Yes
Bank Owned: No
Species List: No
Location, Tax & Legal
Street #: 74980
Street Name: Overseas
Street Suffix: Highway
Key/Island: Lower Matecumbe
State/Province: FL
Zip Code: 33036
County: Monroe
Subdivision: Sandglass (74.5)
Area: 22 - Lower Matecumbe
General Property Description
Realtor.COM Type: Residential - Condo/Townhouse
Style: Condo
Waterfront: Yes
Control Depth: 4
Unit/Complex: Unit
Pool: No
Year Built: 1989
Total Units: 4
Lot Size: X
Lot Sqft Source: Property Data Card
Living Apx SqFt: 2845
SqFt Source: Unknown/Condo
Total Bedrooms: 5
Full Baths: 3
Total Baths: 3
Rentals Allowed: Yes
Min Rental Days: 7
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Association Fee $: 1300
Assoc/Mnt Fee Per: Monthly
Dockage
Dock Length: 30
Building Style
Above Flood: Yes
Vehicle Storage
Car(s): 4+
Financial Status
Bank Owned: No
Status Change Info
Status: Active
Property Features
Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Exterminating
Tax Exemptions: None
Waterfront: Bay Front; Canal Front; Oceanfront; Open Water
Waterview: Bay/Gulf View; Canal View; Ocean View; Open Water View
Dockage: Assigned Dock; Boat Lift; Boat Ramp; Boat Slip
Property Condition: Updated/Remodeled
Vehicle Storage: Carport; Assigned Parking; Covered Parking; Guest Parking; Off Street Parking; Open Parking; RV Parking Open; Trailer Storage
Furnished: Partially
Cooling: Ceiling Fans(s); Central Air
Utilities: Elect Separate Meter; FKAA; Municipal Sewer
Interior Features: Bar; Built-in Cabinets; Cathedral Ceilings; Drapes/Blinds Incl; Entrance Foyer; Smoke Alarms; Storage; Walk-in Closet(s); Whirlpool Bath Tub; Window Treatments
Pre-Wired: Cable
Specialty Rooms: Loft
Appliances: Dishwasher; Dryer; Freezer; Ice Machine; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer; Wine Cooler
Exterior Features: Lighting; Privacy Wall/Fence; Storage
Construction: CBS; Concrete
Shutters: Roll Down Electric
Floor: Carpet; Tile; Vinyl
Roof: Metal Roof
Pets: Pets Allowed
Neighborhood Feature: Beach; Bike Paths; Community Boat Ramp; Community Dockage; Manager on Premises
Land Size: 1/2 - Less Than 1 AC
Terms: Cash; Conventional
Title: Title Ins - Buyer
Listing Office: Ocean Sotheby's International Realty

Last Updated: September - 27 - 2026

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.

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