PRICED AT ONLY: $7,500,000
Address: 82929 Overseas Highway, ISLAMORADA, FL 33036
Description
Prime Redevelopment Opportunity in the Heart of IslamoradaA rare investment in paradise! This one of a kind property, made up of three parcels located at 82925, 82929, and 82935 Overseas Hwy, presents a developer's dream in the heart of Islamorada. Offering a blank canvas, this unique site is poised for transformation, pending approval from the Village of Islamorada.Currently featuring a mix of mobile homes, multiple apartments, and a commercial building, the property is zoned Village Center, allowing for a broad range of redevelopment possibilities. Potential lies in creating a seaside enclave complete with bungalows, amenities, and lush landscaping creating an aspirational residential community.At the gateway to Islamorada, this prime location offers an unparalleled welcome to all Islamorada has to offer including world class fishing, dining, diving, and shopping. Pending Village approval, the property boasts 12 market rate dwelling units and 3,456 sq ft of non res floor area. Investors may explore on site redevelopment or transfer of building rights.Find a win through thoughtful investment in the charmed Islamorada real estate market.
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- MLS#: 614467 ( Apartment 3 or more,Other Services,Mobile Home Park )
- Street Address: 82929 Overseas Highway
- Viewed: 3
- Price: $7,500,000
- Price sqft: $0
- Waterfront: No
- Waterfront Type: None
- Year Built: 1963
- Bldg sqft: 0
- Additional Information
- Geolocation: 24.9298 / -80.6213
- County: MONROE
- City: ISLAMORADA
- Zipcode: 33036
- Subdivision: Ocean View (82.5)
- Provided by: Coldwell Banker Schmitt Islamorada
- Contact: Elizabeth Jolin
- (305) 664-4470
- DMCA Notice
Features
Building and Construction
- Construction: Concrete, Manufactured
- Sqft Source: Property Data Card
- Total Num Buildings: 13
- Total Number Of Units: 13.00
Property Information
- Property Group Id: 19990816212135227274000000
- Property Rights: Transfer Bldg Rights, Multi-Use/Commercial
Garage and Parking
- Vehicle Storage: Off Street Parking
Eco-Communities
- Off Shore Island: No
- Water View: No Waterview
Utilities
- Utilities: FKAA, Separate Meters, Buyer to Verify, Municipal Sewer
Finance and Tax Information
- Accounts Meters Num Sewer Accounts: 12
- Fee Includes: Other
- Tax Year: 2024
Other Features
- Add L Parcel Num1: 82925 Overseas Hwy
- Add L Parcel Num2: 82935 Overseas Hwy
- Alternate Key Num: 1495956
- Appliances Other: YES
- As Is Rght To Inspct: Yes
- Association Info 1st Right Of Refusal: No
- Association Info Mandatory Home Owners Asc: No
- Deed Restrictions: No
- Dockage: None
- Flood Zone: 0.2 PCT ANNUAL CHANC
- Legal Description: BK 1 LT 14 OCEAN VIEW PB1-193 UPPER MATECUMBE OR425-866/867 OR472-735/736 OR727-484 OR732-374 UNRECORDED D/C ON FILE OR9
- Limitd Reprsntation: No
- Mile Marker: 82.50
- Parcel Num: 00403640-000000
- Side: Ocean
- Species List: No
- Style: Commercial
- Year Established: 0000-00-00
- Zoning: VC - Village Center
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Contact Info
- The Real Estate Professional You Deserve
- Mobile: 904.248.9848
- phoenixwade@gmail.com
