75971 Overseas Highway $2,950,000

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    75971 Overseas Highway Lower Matecumbe, FL 33036

    • 4 Beds
    • 5 Baths
    • 6,065 sq. ft.
    • Single-Family
    • MLS# 588803
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    Views: 31 Days On Site: 303

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    Property Details

    GREAT NEW PRICE! Beachfront Estate & Income Property! A successful weekly vacation rental, 'Turtle Nest Estate' has achieved an average gross income of $200,000/year so this property could potentially be self-funding! Booked leases will be transferred to buyer upon sale. In addition to rental income, you can also enjoy your own tropical beachfront paradise in desirable Islamorada near all the most popular diving and fishing spots. Relax on the 150-foot beach, soak in some rays by the pool, or enjoy nearby fine dining, entertainment & local attractions. This luxurious home offers a 1.3 acre lot, more than 6,000 sf under air, an oceanfront pool with integrated hot tub, a wade-in sandy beach and an observation pier. Two-car garage, theater room, split floor plan, guest wing & more!

    • General Features
      • Acreage 1.31
      • Square Footage 6,065
      • As Is Right to Inspect Yes
      • Fee Includes None
      • Deed Restrictions Unknown
      • Key Island Lower Matecumbe
      • Subdivision Mat Ocean Bay (75.0)
      • Off Shore Island No
      • Pets Pets Allowed
      • Potential Short Sale No
      • Bank Owned No
      • Rentals Allowed Yes
      • Taxes $28,861
      • Tax Exemptions None
      • Tax Year 2019
    • Building Features
      • Appliances Dishwasher, Dryer, Oven, Range, Refrigerator, Washer
      • Cooling/Heating Ceiling Fans, Central A/C
      • Interior Features Built-in Cabinets, Cathedral Ceilings, Elevator, Granite Counter Top, Split Bedroom, Walk-in Closet, Whirlpool Bath Tub
      • Construction CBS
      • Flooring Marble, Tile Floor
      • Furnished Furniture Negotiable
      • Porch/Balcony Open Porch/Balcony, Patio
      • Roofing Metal Roof
      • Windows/Doors Impact Rstnce Doors, Impact Rstnce Window, Sliding Glass Doors
      • Handicap Access Yes
      • Accessibility Features Elevator
    • Room Features
      • Specialty Rooms Laundry Room
    • Property Features
      • Exterior Features Sandy Beach
      • Dockage None
      • Garage/Parking Attached, Covered Parking, Garage, Guest Parking, Off Street Parking, Open Parking, RV Parking Open, Trailer Storage
      • Pool Yes
      • Pool Info Concrete, Decked, In Ground
      • Side Ocean
      • Water View Ocean View, Open Water View
      • Waterfront Property Yes
      • Waterfront Type Oceanfront, Open Water
      • Utilities Cable Available, Elect Separate Meter, FKAA, Municipal Sewer, Water Separate Meter
      • Pub Sewer HkUp Yes
      • Zoning RE - Residential Estate

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    Neighborhood

    33036 (Lower Matecumbe) Demographics

    58 Median Age
    561 Population Density (per sq. mile)
    40% College Educated
    $71,375 Estimated Median Income
    1,140 Estimated Total Home Owners
    257 Estimated Total Renters
    82% / 18% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    3,293 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $889,000 Median Sales Price
    21 Homes Sold
    19 New On Market

    Average Days on Site

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,950,000
        10/15/2020 5:23:31 PM Status Changed Source New Value: Active
        10/3/2020 10:23:27 AM Status Changed Source New Value: Contingent/Show
        7/23/2020 7:23:37 PM Price Reduced Source New Value: $2,950,000 -10.47%
        12/21/2019 5:24:00 PM New in Database Source New Value: $3,295,000

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Listing information is provided in part by the Internet Data Exchange (IDX) program of the Florida Keys Board of REALTORS®, Inc. The information on this website is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Copyright 2020 Florida Keys Board of REALTORS®, Inc. All rights reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.