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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
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

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