305-609-4190
74049 Overseas Hwy, Islamorada FL 33036
Active Single Family Residence Waterfront

74049 Overseas Hwy, Islamorada FL 33036

Islamorada, FL, 33036

$3,850,000

Est. $19,468/mo (20% down)

4
Beds
4
Baths
2,596
Sq Ft
1970
Year Built
Lot Sq Ft
Garage

Photo Gallery (72 photos)

About This Property

Rare opportunity to own an ocean side single family home in the heart of Islamorada. Situated on a private corner half acre lot with your own private beach, this property offers the space, privacy, and tropical lifestyle that make the Florida Keys one of the most sought-after destinations in the world. Currently operating as a successful VRBO vacation rental, this turnkey, income-producing property is being sold fully furnished, allowing the new owner to seamlessly continue operating it as a successful vacation rental from day one or immediately begin enjoying it as a private island retreat. Designed with flexibility in mind, this two-story home features a total of 4 bedrooms, 4 bathrooms, and two full kitchens. The upper level offers 3 bedrooms, 2 bathrooms, a full kitchen, and a private balcony, while the lower level offers a handicap-friendly layout, with a 1 additional bedroom, 1 bathroom, a cabana bath, and a second full kitchen. Step outside to your private pool, then take just a few steps to your own private beach, creating the ultimate island experience. A new A/C system and metal roof also adds comfort and peace of mind. Conveniently located just minutes from Robbie's Marina and Theater of the Sea, you'll enjoy world class fishing, boating, snorkeling, waterfront dining, and everything that makes Islamorada one of the premier destinations in the Florida Keys.

Property Details

MLS #

A12064940

Status

Active

Property Type

Residential

Sub Type

Single Family Residence

Year Built

1970

Days on Market

8

Pool

No

Waterfront

Yes

Price / Sq Ft

$1,483

HOA Fee

None

Est. Insurance

$1,283/mo

Tax Year

2025

Tax Amount

$24,268

Garage

Lot Size

MLS Area

Lower Matecumbe Beach

Subdivision

LOWER MATECUMBE BEACH

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Flood Zone & Insurance

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

Investment Analysis

$26,950
Est. Monthly Rent
0.7%
Cap Rate
3.4%
Cash-on-Cash
$25,852
Net Operating Income

ROI Projections (4% Annual Appreciation)

125%
5-Year ROI
Value: $4,684,114
274%
10-Year ROI
Value: $5,698,940
451%
15-Year ROI
Value: $6,933,632

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

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