96 Madeira Road, Upper Matecumbe Key Islamorada, FL 33036

New Listing
$18,000,000
Property Type: Commercial Sale Baths: 2 Status: Active
Current Price: $18,000,000 List Date: 2/23/2026 Last Modified: 2/23/2026

Description

''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.

More Information MLS# 613627

Contract Information

Current Price: $18,000,000 Listing Date: 2025-02-08 Listing Board: Florida Keys List Price: $18,000,000 Limited Representation: No For Sale/Lease: For Sale Potential Short Sale: No Bank Owned: No

Location Tax Legal

Street #: 96 Street Name: Madeira Street Suffix: Road Key/Island: Upper Matecumbe Key Islamorada State/Province: FL Zip Code: 33036 Subdivision: Strattons (82.5) County: Monroe Area: 23 - Upper Matecumbe

General Property Description

Realtor.COM Type: Commercial Style: Commercial Lot Size: see survey Waterfront: Yes Control Depth: 4 Business Name: Lorelei Restaurant & Year Established: 1951-12-31 # Parking Spaces: 200+ # Stories: 1 Total # Buildings: 3 Building SqFt: 4750 SqFt Source: Tax Records Year Built: 2011 Half Baths: 2 Total Baths: 2

Status Change Info

Status: Active

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

Misc Property Info

Recorded Plat: Yes

Property Info

# Boat Slips: 2

Dockage

Dock: Concrete

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

Deed Restrictions: Unknown License Info: 5-Cop (Transferable); Other/See Remarks Property Info: License Included Type: Bar; Restaurant; Retail Waterfront: Bay Front Waterview: Bay/Gulf View Dockage: Basin; Boat Ramp; Boat Slip Utilities: Buyer to Verify; FKAA; Municipal Sewer; Propane Appliances: Dishwasher; Refrigerator Miscellaneous: Handicap Access; High Traffc Location; High Visibility; Highway Frontage; Loading Dock; Manager on Premises; Open Water View; Storage; Other Miscellaneous Construction: CBS; Combo Construction; Frame Electric: 220 Volt Land Size: 5 Less Than 10 Acres Fee Includes: None Terms: Seller Finance Psble Title: Title Ins - Buyer Property Rights: Beverage License
Listing Office: Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
Last Updated: February - 23 - 2026
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