Seize the rare opportunity to build your dream home in one of Islamorada's most coveted locations! Located directly across from the iconic Alligator Reef Lighthouse. Across the street from a protected preserve that will never be developed, and featuring a deep water channel capable of accommodating boats up to 40 feet, this property offers unmatched privacy and access.Imagine living just a short stroll from the legendary Square Grouper, Midway Cafe, Robbie's. Down the road from some of the best restaurants in Islamorada like Ziggie's, Mad Dog's, and Chef Michael's. This oversized lot, just shy of an acre, provides the perfect canvas for a builder, developer, or savvy end user to craft a stunning, custom-designed home in an unparalleled location. Don't miss your chance to secure this exceptional piece of paradisean extraordinary opportunity to live where others only dream!
For sale
Price cut: $255K (6/11)
$3,995,000
80151 Overseas Hwy, Islamorada, FL 33036
2beds
1,578sqft
Est.:
Single Family Residence
Built in 1954
0.45 Acres Lot
$3,690,800 Zestimate®
$2,532/sqft
$-- HOA
What's special
Protected preserveOversized lot
- 27 days
- on Zillow |
- 753 |
- 9 |
Zillow last checked: 7 hours ago
Listing updated: June 11, 2025 at 03:29am
Listed by:
Richard Lemon 561-409-9549,
Serhant Florida LLC - Delray Beach Office
Source: FLKMLS,MLS#: 615069
Originating MLS: Florida Keys

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Appliances
- Included: YES
Features
- Windows: Other
Interior area
- Total interior livable area: 1,578 sqft
Property
Features
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
- Waterfront features: Oceanfront, Waterfront, Dock: Wood
Lot
- Size: 0.45 Acres
- Features: 1/2 - Less Than 1 AC
Details
- Parcel number: 00405230000000
- Zoning: R1
- Zoning description: Residential Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Other
Condition
- Year built: 1954
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
Community
- Subdivision: Caribee Beach (80.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Islamorada
Financial & listing details
- Price per square foot: $2,532/sqft
- Tax assessed value: $3,374,261
- Annual tax amount: $3,681
- Date on market: 5/18/2025
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