81908 Overseas Highway
$7,500,000
30,415 / 0.70
Description
Once in a lifetime investment in the heart of Islamorada. This exceptional property offers a wide range of potential uses as it includes two Village Center parcels stretching from Highway to Bay, currently featuring a spacious 3,995 sqft restaurant and bar with a coveted 5COP liquor license - no food quota. Village Center zoning allows for multiple use opportunities including, but not limited to, single family estate, multi family compound, luxury townhomes, vacation rentals, restaurants, marinas,...Once in a lifetime investment in the heart of Islamorada. This exceptional property offers a wide range of potential uses as it includes two Village Center parcels stretching from Highway to Bay, currently featuring a spacious 3,995 sqft restaurant and bar with a coveted 5COP liquor license - no food quota. Village Center zoning allows for multiple use opportunities including, but not limited to, single family estate, multi family compound, luxury townhomes, vacation rentals, restaurants, marinas, general store with package sales, and much more. The property spans 30,415 sqft. It includes a Bayfront boat basin and deeded bay bottom. The boat basin provides dockage for up to 7 vessels and there is adequate depth for an additional 100' dock to be constructed. The Village of Islamorada officially recognizes three waterfront market-rate dwelling units . The three waterfront Transferable Development Rights (TDRs) can be utilized onsite, transferred to another location, or sold to a receiver site. The Village Center Zoning would allow up to 8 market-rate dwelling units to be developed on site for a new luxury townhome community, with the transfer in of additional TDRs. Whether you're looking to rehab a local iconic business, start a new business, redevelop the entire site, or create a spectacular residential estate, this unicorn property is perfectly located. Buyer to verify ALL information.
- Listed by Jocelyn Tiedemann • Island Equity Real Estate
- Listed by Holly Hight • Island Equity Real Estate
Property Details for 81908 Overseas Highway
Waterfront
Yes
WaterfrontBay Front, Open Water
ZoningVC - Village Center
SubdivisionStrattons (82.5)
LISTING UPDATED: 09/07/2024 07:32 PM
Property Details for 81908 Overseas Highway
Status | Active |
---|---|
MLS # | 611386 |
Days on Market | 102 |
Taxes | $15,880 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Vacant Land |
Year Built | - |
Lot Size | 0.70 AC |
County | Monroe County |
Building Information for 81908 Overseas Highway
Lot Size0.70 AC
Property Information for 81908 Overseas Highway
Property History for 81908 Overseas Highway
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 81908 Overseas Highway
Taxable ValueLand$469,849Additions$266,977Total$736,826
Tax Record2023$7,940 ($662 / month)
Home Facts
Baths3Total Finished SqFt3,995 SqFtAbove Grade Finished SqFt3,995 SqFtStories1Lot Size12,785 SqFtStyleClubsYear Built1963Year Renovated1989CountyMONROEAPN00399280-000000
Schools near 81908 Overseas Highway
This home is within Monroe.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Charter - | PK to 8 | |||
Public - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Plantation Key School PublicPK to 8 | ||
Key West High School Public9 to 12 | ||
Treasure Village Montessori Charter School CharterPK to 8 | ||
Upper Keys Academic Connections for Excellence Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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