David Ramirez
✦ Multi Family

Commercial Sale · Multi Family

$3,349,000$4,100,0006,071 sq ft$552 /sq ft12 acres1 units

74560 Overseas Highway, Islamorada FL 33036, ISLAMORADA, FL, 33036

Active176 days on marketListed Feb 17, 2026MLS #R11164709

About this property

The property at a glance

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.

6,071

Building sq ft

$552

Price / sq ft

12

Lot acres

1983

Year built

1

Unit

CFA

Zoning

Multi Family

Property type

Building size6,071 sq ft
Lot size12 acres
Year built1983
Units1
ZoningCFA
Business typeBusiness, Retail, Office/Warehouse Combination, Office Space
CoolingCentral Individual A/C
HeatingCentral Individual A/C
UtilitiesCable Connected · Cable Available
Annual taxes$20,434

The numbers

Investment snapshot

$3,349,000

Price / unit

1

Unit

Estimated payment (illustrative)

Down payment25% · $837,250
Interest rate6.00%
Loan term

Estimated payment

$16,922/mo

Principal & interest$15,059
Property taxes (actual bill)$1,703
Est. insurance$160

Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.

Financing

Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.

Where it sits

Location & trade area

15,500vehicles / day · 2025Caloosa Cove Ent · Traffic count · Florida DOT

What’s nearby

Country StoreGrocery0.2 mi
HabanosRestaurant0.8 mi

Business data © OpenStreetMap contributors

The area

Who's around this property

3,632

Population

$88,214

Median income

56.1

Median age

2.17

Avg household

$995,600

Median home value

$1,846/mo

Median rent

235

Households w/ kids

Recent sales

What actually sold near 74560 Overseas Highway

The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.

74560 Overseas Hwy # 5, Islamorada FL 33036

$999

74560 Overseas Hwy # 5, Islamorada FL 33036

Sold Aug 14, 2024

Your team

The pros in your corner

David Ramirez

Your agent

David Ramirez

Real Estate Agent · CENTURY 21 Edge

Tours, offers, and every question about 74560 Overseas Highway — start here.

CallText
david.ramirez@c21edge.com
Andrew Acosta

Financing contact

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Ask about commercial financing options for 74560 Overseas Highway.

Get in touchCall
aacosta@prmg.net

See it in person

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