81908 Overseas Hwy

Islamorada, FL 33036

$6,995,000
Price
30,415 / 0.70
Lot Size / Acres
an aerial view of a house
an aerial view of a house with outdoor space swimming pool and lake view
a view of a city
a view of a swimming pool with a yard
a view of a lake and mountain in the back
a view of a yard with an outdoor space
a view of a lake with houses in the background
a view of a water yard and an outdoor seating
a view of a swimming pool with a balcony
a view of a yard with palm trees
an aerial view of a garden
a view of lake view
a view of a city
a view of a city with an ocean
an aerial view of ocean and residential houses with outdoor space
a view of a city
an aerial view of a city
an aerial view of a house
an aerial view of a house with a yard
a front view of a house with a yard and garage
a view of a storage room with a table and chairs
a view of a room with gym equipment

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. Includes a Bayfront boat basin, providing 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.
  1. Listed by Jocelyn Tiedemann • Ocean Sotheby's International Realty
  2. Listed by Sabrina Wampler & Sarah Ewald • Ocean Sotheby's International Realty

Property Details for 81908 Overseas Highway

Waterfront
Yes
Waterfront
Bay Front, Open Water
Zoning
VC - Village Center
Subdivision
Strattons (82.5)
LISTING UPDATED: 10/23/2025 11:45 AM

Property Details for 81908 Overseas Highway

StatusActive
MLS #611386
Days on Market519
Taxes$15,880 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeVacant Land
Year Built-
Lot Size0.70 AC
CountyMonroe County

Location

Listing Courtesy of Ocean Sotheby's International Realty
Add your commute

Building Information for 81908 Overseas Highway

Lot Size0.70 AC

Payment Calculator

$35,416 per month

30 year fixed, 6.15% Interest

Principal and Interest

$34,092

Property Taxes

$1,323

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 81908 Overseas Highway

Summary
Location and General Information
  • Waterview: Open Water View, Bay View
  • Area: 23 - Upper Matecumbe
  • Absolute Longitude: 80.634071
  • Control Depth: 4
  • Listing Board: Florida Keys
  • Side: Bay/Gulf
  • Mile Marker: 82.0
  • Marathon Neighborhood: N/A
  • Location/Site: Highway Frontage, Water Frontage
  • Key/Island: Upper Matecumbe Key Islamorada
Taxes and HOA Information
  • Tax Year: 2023
  • Tax Exemptions: None
  • Assoc/Misc Info: Mandatory Home Owners Asc: No
  • Assoc/Misc Info: 1st Right of Refusal: No
Property
Lot Information
  • Parcel #: 00399290-000000
  • Add'l Parcel #1: 00399280-000000
  • Land Size: 1/2 - Less Than 1 AC, More than 1 Lot
  • Total Lots: 2.0
Property and Assessments
  • Wtr Mn Inquiry File: Yes
  • Survey Available: Yes
  • Vegetation Survey: No
  • Miscellaneous Info: Mobile Home Lot: No
  • Legal: STRATTONS SUBD UPPER MATECUMBE PB2-38 NW'LY PT LOT 3 SQR 3 AND ADJ BAY BTM (.09AC) G24-94 G36-377 OR613-708 OR773-1639/1
  • MLS Approved: Y
  • Bank Owned: No
  • Flood Zone: VE,AE,AE,AE,0.2 PCT
  • Deed Restrictions: No
  • Picture Count: 23
  • Document Count: 3
  • BuildingPermit: Active Permit
  • Property Rights: Tranfrble Dev Right, Misc Property Rights, Multi-Use/Commercial, Beverage License
Utilities
  • Existing Utilities: Electric on Site, Water Meter, Water Line, Sewer
Interior and Exterior Features
Exterior Features
  • Dockage: Seawall: Concrete
  • Dockage: Basin

Property History for 81908 Overseas Highway

DateEvent & SourcePriceAppreciation
Sep 7, 2024

Price Change

FKMLS #611386

$7,500,000—
Sep 7, 2024

Listed (Active)

FKMLS #611386

$6,995,000—
Jul 6, 2023

Sold (Public Record)

Public Record #1514733710

$1,900,000—
DateEvent & SourcePrice
09/07/2024

Price Change

FKMLS #611386

$7,500,000
09/07/2024

Listed (Active)

FKMLS #611386

$6,995,000
07/06/2023

Sold (Public Record)

Public Record #1514733710

$1,900,000

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$752,781Additions$360,117Total$1,112,898
Tax Record2024$7,706 ($642 / month)
Home Facts
Baths3Total Finished SqFt3,995 SqFtAbove Grade Finished SqFt3,995 SqFtStories1Lot Size12,785 SqFtStyleClubsYear Built1963Year Renovated2005CountyMONROEAPN00399280-000000

Schools near 81908 Overseas Highway

This home is within Monroe.
Rating
School
Type
Grades
Distance
Plantation Key School
Public - PK to 8
Coral Shores High School
Public - 9 to 12
Treasure Village Montessori Charter School
Charter - PK to 8
Upper Keys Academic Connections for Excellence
Public - 6 to 12
Rating
School
Distance
Plantation Key School
PublicPK to 8

Coral Shores 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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More information about 81908 Overseas Highway, Islamorada, FL 33036

81908 Overseas Highway is a 0.70 ac of land for sale in Islamorada, FL 33036. This property was listed for sale on September 7, 2024 by Ocean Sotheby's International Realty, it's currently listed at $6,995,000. It has been on the market for a total of 519 days and was last sold on July 6, 2023. This listing's school district is Monroe. Nearby schools include Plantation Key School, Coral Shores High School and Treasure Village Montessori Charter School. 81908 Overseas Highway is a 0-bed, 0-bath, 0.70 ac of land on a 30,415 sq. ft. / 0.70 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Ocean Sotheby's International Realty

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.