305-609-4190
77340 Overseas Highway, Islamorada FL 33036
Active Single Family Residence Waterfront

77340 Overseas Highway, Islamorada FL 33036

Islamorada, FL, 33036

$3,799,999

Est. $19,215/mo (20% down)

2
Beds
2
Baths
928
Sq Ft
1963
Year Built
—
Lot Sq Ft
—
Garage

Photo Gallery (26 photos)

About This Property

Estate Opportunity - Spanning 34,409 SF, this exceptional parcel offers a scale uncommon in Islamorada, providing the foundation for a spectacular Florida Keys residential estate. The exceptional lot size allows a discerning buyer to imagine the best. The site easily accommodates the vision of an estate property with pool, tennis or pickleball court, expansive outdoor living, caretaker's cottage, and generous waterfront dockage--all while maintaining privacy rarely achieved in the Keys. Positioned on a deep basin, the property provides protected dockage while being only seconds from Florida Bay and minutes under the bridge to the Atlantic Ocean, placing world-class backcountry and offshore fishing within immediate reach. The 2/2 pool home is updated and ready for refined living.

Property Details

MLS #

B26001957

Status

Active

Property Type

Residential

Sub Type

Single Family Residence

Year Built

1963

Days on Market

214

Stories

2

Pool

Yes

Waterfront

Yes

Price / Sq Ft

$4,095

HOA Fee

None

Est. Insurance

$1,267/mo

Tax Year

2025

Tax Amount

$17,789

Garage

—

Lot Size

—

MLS Area

Matecumbe Ocean Bay Sec 2

Subdivision

MATECUMBE OCEAN BAY SEC 2

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Flood Zone & Insurance

Flood zone data not available for this listing. Check FEMA directly

Investment Analysis

$26,600
Est. Monthly Rent
1.0%
Cap Rate
5.0%
Cash-on-Cash
$37,844
Net Operating Income

ROI Projections (4% Annual Appreciation)

133%
5-Year ROI
Value: $4,623,280
290%
10-Year ROI
Value: $5,624,927
475%
15-Year ROI
Value: $6,843,584

Estimates based on area averages. Actual returns may vary. Consult a financial advisor.

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