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$4,499,000
86560 Overseas Highway
Upper Matecumbe Key Islamorada, FL 33070
MLS# 611348
Status: Pending
2 beds  |  1080 sqft


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Property Description
This exceptional property features 3 acres of pristine industrial upland, complemented by an additional 9 acres of bayfront land. The bayfront area includes plans for a 100' dock and two 30,000 lb boat lifts, which can be negotiated. The property boasts 150 feet of US1 frontage and is conveniently located north of the weigh station. The Village of Islamorada officially recognizes 1,972 square feet of non-residential floor area, one market-rate dwelling unit, and two affordable housing units on the property. The current zoning code permits the construction of over 30,000 square feet, based on 3.12 acres or 10,000 square feet per acre. Presently, there are four structures on the property. The seller is open to subdividing the land to meet the buyer's needs. This is one of the few properties left in Monroe County with a wide range of potential uses, including residential. Seller financing is available for qualified buyers.

Details
Maps
Contract Information
Listing Board: Florida Keys
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
For Sale/Lease: For Sale
Current Price: $4,499,000
Listing Date: 2024-09-05
List Price: $4,499,000
Location, Tax & Legal
City: ISLAMORADA
Off Shore Island: No
Mile Marker: 82
Marathon Neighborhood: N/A
Side: Bay/Gulf
Flood Zone: AE,AE
Alternate Key #: 1106151
Parcel #: 00092070-000000
Zoning: I - Industrial District
Legal: 13 63 37 PLANTATION KEY OR LONG ISLAND PT SW1/4 OF SE1/4 OR17-420/21 OR1188-1550/52PR OR1663-24477D/C OR1742-965/66/PET
Taxes: 10780.12
Tax Year: 2023
Street #: 86560
Street Name: Overseas
Street Suffix: Highway
Key/Island: Upper Matecumbe Key Islamorada
State/Province: FL
Zip Code: 33070
Subdivision: Misc Upper Matacumbe (82.0)
County: Monroe
Area: 23 - Upper Matecumbe
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Control Depth: 0
Lot Size: 3 Acres
Lot SqFt: 135907
Total Units: 0
SqFt Source: Tax Records
Building SqFt: 1080
Style: Industrial
Living Apx SqFt: 1080
Year Built: 1928
Total Bedrooms: 2
Remarks & Misc
Remarks – Consumer: This exceptional property features 3 acres of pristine industrial upland, complemented by an additional 9 acres of bayfront land. The bayfront area includes plans for a 100' dock and two 30,000 lb boat lifts, which can be negotiated. The property boasts 150 feet of US1 frontage and is conveniently located north of the weigh station. The Village of Islamorada officially recognizes 1,972 square feet of non-residential floor area, one market-rate dwelling unit, and two affordable housing units on the property. The current zoning code permits the construction of over 30,000 square feet, based on 3.12 acres or 10,000 square feet per acre. Presently, there are four structures on the property. The seller is open to subdividing the land to meet the buyer's needs. This is one of the few properties left in Monroe County with a wide range of potential uses, including residential. Seller financing is available for qualified buyers.
Deed Restrictions
Unknown: 1
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: Yes
Type
Boat Sales/Service: 1
Hotel/Motel: 1
Light Manufacturing: 1
Professional Service: 1
Wholesale Mfg/Wrhse: 1
Fee Includes
None: 1
Dockage
None: 1
Appliances
No Appliances: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Windows/Doors
Other Windows/Doors: 1
Construction
Combo Construction: 1
Frame: 1
Manufactured: 1
Stucco: 1
Land Size
2 Less Than 5 Acres: 1
Terms
Seller Finance Psble: 1
Utilities
FKAA: 1
Separate Meters: 1
Property Rights
Other/See Remarks: 1
Miscellaneous
High Traffc Location: 1
High Visibility: 1
Highway Frontage: 1
Storage: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Under Contract Date: 2025-08-13
Status: Pending
Property Features
Deed Restrictions: Unknown
Type: Boat Sales/Service; Hotel/Motel; Light Manufacturing; Professional Service; Wholesale Mfg/Wrhse
Waterfront: None
Waterview: No Waterview
Dockage: None
Utilities: FKAA; Separate Meters
Appliances: No Appliances
Miscellaneous: High Traffc Location; High Visibility; Highway Frontage; Storage
Construction: Combo Construction; Frame; Manufactured; Stucco
Land Size: 2 Less Than 5 Acres
Fee Includes: None
Terms: Seller Finance Psble
Property Rights: Other/See Remarks

Listing Office: Real Estate Sales Force, Inc.

Last Updated: May - 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.