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Commercial Land for Sale in Upper Matecumbe Key, Florida

96 Madeira Rd, Upper Matecumbe Key, FL 33036

$23,000,000
5 acres
Active
ago
Est $116,712/mo

''The Pulse of Islamorada'' ... Iconic Islamorada Restaurant & Cabana Bar available for Sale, Real Estate and Business included. Spanning over 1,000 feet of bayfront and 500 ft of Highway frontage, where the locals & visitors come from near & far to watch nightly sunsets over the bay, enjoy food & libations, and listen to live bands daily. This property includes over 5 acres of real estate (survey available), full service bar with 5 Cop liquor license, 250 seat outdoor restaurant, private party & tournament hosting area. New parking lot, lighting, & drainage completed in 2020 with plenty of parking to expand the business. Concrete building built in 2015/2016 for gift shop, bathrooms, laundry, prep kitchen, storage, and more. In addition, property includes main kitchen, special event tiki bar, dockage, beach, boat ramp, and more. Sale includes 4 on site building rights & 2 boat slips in the Islamorada Yacht Basin located adjacent to property. Room for expansion.Voted Best Sunset year after year. Additional information and financials available upon request. NDA and POF required. Contact Listing Agent .All information to be verified by Buyer/Buyer's Agent.

Sq feet
2
1/2 baths
2011
Built

Location

Street address
96 Madeira Rd
Community
Strattons (82.5)
Elevation
20 feet
Coordinates
24.9218, -80.6331

Property details

Acreage
5 acres
Zoning
HC - Highway Commercial
MLS #
FLKEYSMLS 613627
Posted

Property taxes

2023
$48,211

Parcels

  • 00399370-000000

Legal description

Details and features

Listing

Type
Commercial Sale
Franchise
Berkshire Hathaway Home Services

Lot

Waterfront
Waterfront

Structure

Stories
1
Materials
Frame

Interior

Rooms
Bathroom x 2
Appliances
Dishwasher, Refrigerator, Washer

Listing history

DateEventPriceChangeSource
Dec 22, 2025New listing$23,000,000FLKEYSMLS
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This 5-acre property is located at 96 Madeira Rd in Upper Matecumbe Key, FL 33036. The property is available for sale for $23,000,000. It has a structure built in 2011.

Checked 3 hours ago — Updated

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Copyright (C) 2025 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.

The K Team
Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
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