$1,680,000

Single Family Residence In Islamorada

  • 3 Beds
  • 2 Baths
  • 1,980 Sqft
  • 6,900 Sqft lot
  • Updated: August 2
  • Source:
    Key West Association of REALTORS  MLS#620533

About the Property

Rare Mixed-Use Opportunity with Spectacular Ocean Views in Islamorada MM 74.5. Endless possibilities await at this highly visible, commercially zoned property located directly on the Overseas Highway at Mile Marker 74.5. Offering breathtaking open Atlantic Ocean views and exceptional highway frontage, this unique property is ideal for investors, entrepreneurs, or anyone seeking the perfect live-wo
Rare Mixed-Use Opportunity with Spectacular Ocean Views in Islamorada MM 74.5. Endless possibilities await at this highly visible, commercially zoned property located directly on the Overseas Highway at Mile Marker 74.5. Offering breathtaking open Atlantic Ocean views and exceptional highway frontage, this unique property is ideal for investors, entrepreneurs, or anyone seeking the perfect live-work lifestyle in the Florida Keys. Originally permitted as a three-unit apartment building, the property is currently configured with two primary living/work spaces, creating the opportunity for a buyer to explore the potential for a third apartment or reconfigure the property to suit their vision, subject to local approvals. Whether you’re looking to maximize rental income, establish a business with residential accommodations, or create a one-of-a-kind family compound, the flexibility here is exceptional. The Neighborhood Commercial (NC) zoning opens the door to a wide variety of commercial uses while the existing residential layout also lends itself beautifully to conversion into a spacious single-family residence with incredible ocean views. Imagine waking each morning to the sunrise over the Atlantic while operating your business from one of Islamorada’s most recognizable and accessible locations. The property offers generous parking, excellent visibility, fenced outdoor space, and a location surrounded by restaurants, shopping, marinas, and the best of the Florida Keys lifestyle. Opportunities with this combination of commercial frontage, residential flexibility, income potential, and unobstructed ocean views are exceptionally rare. Whether your vision is investment, business, residential living, or a combination of all three, this is a property where imagination truly becomes opportunity.
  • Property type

    House

  • Floors

    2

  • Year built

    1967

  • Price/sqft

    $848

Features

  • Water View
  • Ocean View
  • Garden
  • Stone Countertops
  • Investment Property
  • Parking
  • Laundry Room
  • Air Conditioning
  • Bar
Features

Lot

  • Water View
  • Ocean View
  • Investment Property

Indoor

  • Air Conditioning
  • Bar
  • Laundry Room
  • Stone Countertops

Outdoor

Explore the Area

74450 Overseas Highway, Islamorada, Florida, United States View on Google Maps
Price per sqft
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Realty ONE Group Destination (ISL) - Key West

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Realty ONE Group Destination (ISL) - Key West
Florida, United States
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3
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2026
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Realty ONE Group Destination (ISL) - Key West
Key West, Florida, United States
View agency profile
Last updated
August 2
First listed
Jul 6
Listing reference
620533
Listing status
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