98
Map
75840 Overseas Highway
About This Property
Step outside to your own tropical sanctuary, where a stunning pool deck overlooks the sparkling waters of Florida Bay. Lush tropical landscaping provides privacy, while spacious covered terraces provide the perfect backdrop for unforgettable sunsets and year-round outdoor living.
With weekly rentals permitted and a valuable vacation rental license in place, this rare offering combines luxurious personal enjoyment with outstanding investment potential. Experience the Florida Keys lifestyle in one of Lower Matecumbe's most exclusive waterfront settings.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 11, 2026 | Sold | ||
| Sold | |||
| May 1, 2026 | Listed by Langley Knight Gardner Islamorada | $13,250,000 | |
| Listed by Langley Knight Gardner Islamorada | |||
| Oct 20, 2025 | Listed | $15,750,000 | |
| Listed | |||
| | |||
|
Experience the ultimate in coastal luxury and sophistication in this brand-new magnificent bayfront estate designed to impress at every turn. Set on over 2 acres of direct bayfront property with an idyllic rare white sandy private beach in prestigious Lower Matecumbe, this 7-bedroom, 7-bathroom residence spans nearly 6,000 square feet of immaculate living space. Two completely separate guest wings each with 3 bedroom suites are perfect for multi-family enjoyment or hosting in absolute comfort. From the grand entry to the soaring ceilings and panoramic glass, no detail was overlooked in crafting this Keys masterpiece. A private elevator glides between entry level and first floor, while refined finishes, bespoke furnishings, and thoughtful layouts offer seamless elegance throughout. The expansive great room flows into a chef's kitchen, perfect for both grand entertaining and intimate gatherings. Outdoors, a sprawling pool deck overlooks the turquoise waters. The private dock with 20,000 lb boat lift invites boating adventures while lush tropical landscaping ensures total seclusion. Whether enjoying the sunset from your covered terrace or hosting under the stars, this home is a sanctuary of sophistication. Weekly rentals are allowed with a Vacation Rental permit. Homes of this caliber are rare. Schedule your private showing and experience the exclusivity of Keys living redefined. Detailed 3D and Floor plan included to appreciate the masterdesign layout.
| |||
| Sep 25, 2025 | Price Decreased |
$15,750,000
↓ $1M
(7.4%) | |
| Price Decreased | |||
| Jul 25, 2025 | Listed | $17,000,000 | |
| Listed | |||
| | |||
|
Experience the ultimate in coastal luxury and sophistication in this brand-new magnificent oceanfront estate designed to impress at every turn. Set on over 2 acres of direct oceanfront property with an idyllic rare white sandy private beach in prestigious Islamorada, this 7-bed, 7-bath residence spans nearly 6,000 square feet of immaculate living space. Two completely separate guest wings each with 3 bedroom suites are perfect for multi-family enjoyment or hosting in absolute comfort. From the grand entry to the soaring ceilings and panoramic glass, no detail was overlooked in crafting this Keys masterpiece. Elevator between ground & 1st floor. Private dock with 20k lb boat lift lush tropical landscaping ensures total seclusion. Weekly rentals are allowed with Vacation Rental permit.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017