Remarks

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 unique 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.

Details

MLS#: 614467
Price: $7,500,000

Style: Apartment 3 or more,Other Services,Mobile Home Park
Bedrooms: 0
Baths Full: 0
Baths Half: 0
Year Built: 1963

County: Monroe
Subdivision: Ocean View (82.5)
Lot Size: 22,500 sq ft
Tax Fee: 6395.12