About This Home

This 5-bedroom, 3-bathroom condo at 74980 Overseas Highway #3 in Lower Matecumbe, FL is listed for $1,890,000 ($664 per sqft). Built in 1989, the home offers 2,845 sqft of living space on a N/A lot.

Key Features

  • Built in 1989
  • Waterfront

Property Details

3 full
#3
1989

Amenities

WaterfrontViewA/CRV Parking
Listing Description

Experience the ultimate Florida Keys lifestyle in this stunning split-level waterfront loft and take advantage of the vacation rental revenue. Ideally located in highly sought-after Lower Matecumbe. This exceptional 5-bedroom, 3-bath residence combines contemporary design with breathtaking water views, creating a truly unique island retreat.

The thoughtfully designed layout features three spacious bedrooms on the lower level and two additional bedrooms upstairs, connected by a spectacular modern staircase that serves as a striking architectural centerpiece. Soaring ceilings and expansive windows fill the home with natural light, while the open-concept floor plan seamlessly connects the living, dining, and entertaining spaces.

The sleek, modern kitchen is perfectly positioned to serve both everyday living and waterfront gatherings. Generously sized bedrooms and beautifully appointed bathrooms provide comfort and privacy for family and guests alike. Step outside to an impressive 667-square-foot waterfront screened deck overlooking the tranquil lagoon, offering the perfect setting for outdoor dining, entertaining, or simply enjoying the peaceful surroundings.

Boaters will appreciate the deep-water dockage featuring a large boat slip and 16k boat lift, with convenient access to both the Atlantic Ocean and Florida Bay. Enjoy stunning views of the bayside lagoon and the ocean, along with world-class fishing, diving, and boating right from your backyard.

Additional amenities include covered parking and ample storage space for all your water toys. Offering the perfect blend of modern elegance, waterfront living, and premier boating access, this remarkable Lower Matecumbe property is a rare opportunity to own a piece of paradise in one of Islamorada's most desirable locations. Onsite property management for true peace of mind.

Monthly Cost Estimate

$11,408/mo

20% down · 6.5% · 30 years

Principal$1,367
Interest$8,190
Insurance$551
HOA$1,300

Estimates only. Actual payments may vary.

Location

74980 Overseas Highway #3

Lower Matecumbe, FL 33036

Sandglass (74.5)

Features & Amenities

Interior Features

Built-in CabinetsStorageWalk-in Closet(s)BarLoft

Exterior Features

LightingPrivacy Wall/FenceStorage

Property Details

Flooring

CarpetTileVinyl

Construction

CBS Concrete

Views

WaterOcean

Outdoor Features

Patio

Parking

RVOpen

Cooling

Central Air

Appliances

WasherDryerDishwasherRefrigeratorRangeOvenMicrowaveFreezerIce MachineWine CoolerStainless Steel Appliance(s)

Questions & Answers

This 5-bedroom, 3-bathroom condo at 74980 Overseas Highway is listed at $1,890,000 ($664/sqft). The estimated monthly payment is $11,408 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $1300/month.

Key features include: Built in 1989, Waterfront. Interior Features: Built-in Cabinets, Storage, Walk-in Closet(s). Exterior Features: Lighting, Privacy Wall/Fence, Storage.

This property is listed by Pierre Marc Bellion and can be reached at 3057313356.

PB

Pierre Marc Bellion

License 3301978

Agent at Ocean Sotheby's International Realty

(305) 731-3356

Listed by Ocean Sotheby's International Realty · Broker phone: 3057128888 · View on Broker Site · Broker website

MLS# 620271· Source: Florida Keys Board of REALTORS®· 98 days on PropertySimple

Copyright © 2026 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

74980 Overseas Highway #3, Lower Matecumbe, FL 33036

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