Listing ID598746
Total Baths3
Full Baths3
SqFt 805
Acres 1.460
SubdivisionMat Ocean Bay (75.0)
Year Built1954
Property TypeResidential
Property Sub TypeResidential - Single Family
A once-in-a-lifetime opportunity to acquire one of the most unique properties in the Florida Keys! Located in the prestige fishing capital of the world, Islamorada, this property presents and abundance of opportunities! The parcel is approximately 63,598 square feet. (1.46 acres) Plus approximately 15,000 square feet of deeded bay bottom! Situated along deep water with your very own protected boat basin that can hold multiple boats. Zoned Multi- Family this estate includes 2 Market Rate Building Rights, which is allowed for WEEKLY rental. Plans and conditional use have been approved by the Village for an 8 unit townhouse, which is currently in Islamorada's Building Permit Allocation system.One option is to keep the existing buildings with its weekly gross revenue. A second option would be to build two market rate homes. A third option is to build a one of a kind secluded oceanfront estate with guest home. The fourth option is to build the 8 Unit Townhouse Building with the extended dockage after receiving the 6 required building rights. Enjoy endless opportunities with this rare Gulf Front Estate.
©2022 Florida Keys MLS, Inc. The data relating to real estate for sale on this web site comes in part from the Florida Keys Multiple Listing Service. Listing courtesy of Coldwell Banker Schmitt Real Estate Co.. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Data last updated: Thursday, May 19th, 2022 at 05:15:50 AM.

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Contact - Listing ID 598746

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Will Langley

KEY WEST, FL 33040-6510
United States
Phone: 305-394-9020
Fax: 305-296-0946
Data services provided by IDX Broker