MLS Number: 611387
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, wedding venue, general store with package sales, and much more. The property spans 30,415 sqft. It includes a Bayfront boat basin and deeded bay bottom. The boat basin provides dockage for up to 7 vessels and there is adequate depth 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.***
Details
| MLS# | 611387 |
|---|---|
| Listing Type | For Sale |
| Building Name | Woody's |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 39 |
| Listing Provided By | Island Equity Real Estate | Jocelyn Tiedemann |
Features
| Bath(s) | 2 Total |
|---|---|
| SQ Feet | 3,995 |
| Zoning | VC - Village Center |
| Acreage | 0.70 |
| Water Front | Yes |
| Property View | Bay |
Market Activity 33036
The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
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Learn More About This Property
| State | FL |
|---|---|
| County | Monroe |
| City | ISLAMORADA |
| Zip Code | 33036 |
| Area | 23 Upper Matecumbe |
| Community Name | Strattons (82.5) |
| Listing VS Median (in Strattons (82.5)) | |
Price: $7,500,000 low | high Med: $935,000 SqFt: 3,995 low | high Med: 840 $ / SqFt: $1,877 low | high Med: $1,113 On Site: 39 low | high Med: 257.000000 | |