74560 Overseas Highway, Islamorada, FL 33036 — MLS photo

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74560 Overseas Highway, Islamorada, FL 33036

Active · MultiFamily

$3,150,000

74560 Overseas Highway, Islamorada, FL 33036

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
1983
Lot size
522,720 sq ft
HOA fee
—
Annual tax
—

About this property

74560 Overseas Highway is a dynamic waterfront commercial asset with multiple revenue paths and significant redevelopment potential. Situated on a 15,000 SF parcel with generous on-site parking and 100 feet of seawall capable of accommodating up to 8 slips, the property delivers premier highway exposure and immediate Florida Bay and Atlantic Ocean access. Zoning supports four affordable housing units, one market-rate residence and 5,640 SF of commercial space, creating a layered income strategy that blends residential density with marine-oriented business activity. Commercial fishing zoning allows for uses such as a restaurant, seafood market, marine outfitter, charter or fishing headquarters, or other enterprises aligned with the working waterfront.

Property location

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74560 Overseas Highway, Islamorada, FL 33036

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Facts & features

Interior

Bathrooms
0

Exterior & Structure

Property type
MultiFamily
Year built
1983
Lot size
522,720 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Monroe
MLS listing ID
R11164709
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$6,165

Cap rate
3.3%
Net yield
3.3%
Cash-on-cash return
-8.4%
Gross yield
6.6%
Mortgage payment
$14,933/mo
Down payment
$787,500
Loan amount
$2,362,500
Annual NOI
$105,210

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.