74560 Overseas Highway is a dynamic waterfront commercial asset with multiple revenue paths and significant redevelopment potential. Situated on a 15,000 SF parcel with generous on-site parking and 100 feet of seawall capable of accommodating up to 8 slips, the property delivers premier highway exposure and immediate Florida Bay and Atlantic Ocean access. Zoning supports four affordable housing units, one market-rate residence, and 5,640 SF of commercial space, creating a layered income strategy that blends residential density with marine-oriented business activity. The existing structure features expansive wraparound windows framing sweeping Atlantic views, plus a top-floor penthouse suite suited for owner occupancy, executive housing, or premium rental use (subject to approvals). The building configuration can also accommodate a rooftop helipad. Commercial Fishing zoning allows for uses such as a destination restaurant, seafood market, marine outfitter, charter or backcountry fishing headquarters, marina-support retail, or other enterprises aligned with the working waterfront. This is a high-visibility, commercial platform where housing, marine access, and US-1 frontage intersect to create compelling long-term value.
| MLS # | 618699 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1983 |
| Days On Site | 194 |
| Listing Provided By | Coldwell Banker Schmitt Islamorada | Alina Davis |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 6,071 |
| Story(s) | 3 |
| Building(s) | 1 |
| Zoning | CF - Commercial Fishing |
| Acreage | 0.35 |
| Water Front | Yes |
| Property View | Harbor, Marina View, Open Water V |
| Property | 20434 |
|---|
| State | FL |
|---|---|
| County | Monroe |
| City | ISLAMORADA |
| Zip Code | 33036 |
| Area | 22 Lower Matecumbe |
| Community Name | Mat Sandy Bch (75.0) |
| Listing VS Median (in Mat Sandy Bch (75.0)) | |
Price: $3,300,000 low | high Med: $4,725,000 sqft: 6,071 low | high Med: 5,764 $ / sqft: $544 low | high Med: $835 On site: 194 low | high Med: 201 | |
| State | FL |
|---|---|
| County | Monroe |
| City | ISLAMORADA |
| Zip Code | 33036 |
| Area | 22 Lower Matecumbe |
| Community Name | Mat Sandy Bch (75.0) |
| Listing VS Median (in Mat Sandy Bch (75.0)) | |
Price: $3,300,000 low | high Med: $4,725,000 sqft: 6,071 low | high Med: 5,764 $ / sqft: $544 low | high Med: $835 On site: 194 low | high Med: 201 | |
![]() | $6,150,000137 Sapodilla DriveIslamorada, FL 33036 |