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Listed by Jocelyn Tiedemann Ocean Sotheby's International Realty
$ 6,500,000
Est. payment | /mo
0.7 Acres Lot
$ 6,500,000
Est. payment | /mo
0.7 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Strattons (82.5)
MLS Listing ID 611386
HOA Y/N No
Annual Tax Amount $15,880
Tax Year 2023
Lot Size 0.698 Acres
Acres 0.7
Property Description
Once in a lifetime investment in the heart of Islamorada. This exceptional property offers a wide range of potential uses as it includes two Village Center parcels stretching from Highway to Bay, currently featuring a spacious 3,995 sqft restaurant and bar with a coveted 5COP liquor license - no food quota.
Village Center zoning allows for multiple use opportunities including, but not limited to, single family estate, multi family compound, luxury townhomes, vacation rentals, restaurants, marinas, general store with package sales, and much more.
The property spans 30,415 sqft. Includes a Bayfront boat basin, and plans for an additional 100' dock to be constructed.
The Village of Islamorada officially recognizes three waterfront market-rate dwelling units . The three waterfront Transferable Development Rights (TDRs) can be utilized onsite, transferred to another location, or sold to a receiver site. The Village Center Zoning would allow up to 8 market-rate dwelling units to be developed on site for a new luxury townhome community, with the transfer in of additional TDRs.
Whether you're looking to rehab a local iconic business, start a new business, redevelop the entire site, or create a spectacular residential estate, this unicorn property is perfectly located. ***Buyer to verify ALL information.***
Village Center zoning allows for multiple use opportunities including, but not limited to, single family estate, multi family compound, luxury townhomes, vacation rentals, restaurants, marinas, general store with package sales, and much more.
The property spans 30,415 sqft. Includes a Bayfront boat basin, and plans for an additional 100' dock to be constructed.
The Village of Islamorada officially recognizes three waterfront market-rate dwelling units . The three waterfront Transferable Development Rights (TDRs) can be utilized onsite, transferred to another location, or sold to a receiver site. The Village Center Zoning would allow up to 8 market-rate dwelling units to be developed on site for a new luxury townhome community, with the transfer in of additional TDRs.
Whether you're looking to rehab a local iconic business, start a new business, redevelop the entire site, or create a spectacular residential estate, this unicorn property is perfectly located. ***Buyer to verify ALL information.***
Location
State FL
County Monroe
Area 23 - Upper Matecumbe
Zoning VC - Village Center
Exterior
Waterfront Description Bay Front, Open Water
Garage No
Building
Lot Description Water Frontage, Highway Frontage
Others
Tax ID 00399290-000000
Miscellaneous Mobile Home Lot
Acceptable Financing Buyer Obtain Finance
Listing Terms Buyer Obtain Finance
Virtual Tour https://tours.keyspropertyvisuals.com/vtnb/350483