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219 Preston Street, Upper Matecumbe Key Islamorada, FL 33036

$895,000
Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 1,766 Lot Size (sq. ft.): 8,375 Status: Contingent/Show
Current Price: $895,000 List Date: 12/10/2025 Last Modified: 3/16/2026

Overview

Description

Back on market with Huge Price Improvement! Rare Downtown Islamorada Opportunity... Just steps to the ocean, sunrises and sunsets. Walk to everything you love in Islamorada! Located just off the Old Hwy, oceanside, in the sought-after Matecumbe Beach neighborhood on Upper Matecumbe Key. This versatile property features two charming cottages on one property, just steps from festivals, the Arts District, Library Beach, Cheeca Lodge, Historical Hurricane Monument and some of the island's finest dining. The front cottage offers 2 bedrooms and 1 bath with +/-866 sq. ft., while the back cottage includes 2 bedrooms and 1 bath with +/-900 sq. ft. Enjoy the option to live in one and rent the other, or maximize income by renting both. An exceptional investment in a prime location, right in the heart of Islamorada's most vibrant and walkable district. Important Note: This property is also listed separately in the MLS under 2 different classifications intentionally: Single Family Home and Dupl ...

Listing Details MLS# 617660

Location, Tax & Legal

Street #
219
Street Name
Preston
Street Suffix
Street
Key/Island
Upper Matecumbe Key Islamorada
State/Province
FL
Zip Code
33036
County
Monroe
Subdivision
Matecumbe Beach (82.0)
Area
23 - Upper Matecumbe
City
ISLAMORADA
Mile Marker
82
Marathon Neighborhood
N/A
Side
Ocean
Flood Zone
AE
Alternate Key #
1494275
Parcel #
00401940-000000
Zoning
SR - Settlers Residential
Deed Restrictions
Unknown
Legal
BK 4 LT 2 MATECUMBE BEACH PB 1-133 UPPER MATECUMBE OR598-824 OR771-19 OR820-751 OR887-2247/2248 OR962-108-AFF OR1025-49
Taxes
7749.71
Tax Year
2025
Pub Sewer HkUp
Yes

Contract Information

Listing Board
Florida Keys

General Property Description

Realtor.COM Type
Multi-family
Style
Duplex
Waterfront
No
Pool
No
Year Built
1934
Lot SqFt
8375
Acres
0.19
Living Apx SqFt
1766
SqFt Source
Property Data Card
Total Bedrooms
4
Full Baths
2
Total Baths
2
Rentals Allowed
With Restrictions
Min Rental Days
28
Control Depth
0
Total Units
0

Status Change Info

Contingent
Contingent/Show

Association Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No
Association Fee $
0

Building Style

Above Flood
Unknown
Conch
Yes

More Information

Vehicle Storage

Car(s)
3
Off Street Parking
Yes

Remarks & Misc

Remarks – Consumer
Back on market with Huge Price Improvement! Rare Downtown Islamorada Opportunity... Just steps to the ocean, sunrises and sunsets. Walk to everything you love in Islamorada! Located just off the Old Hwy, oceanside, in the sought-after Matecumbe Beach neighborhood on Upper Matecumbe Key. This versatile property features two charming cottages on one property, just steps from festivals, the Arts District, Library Beach, Cheeca Lodge, Historical Hurricane Monument and some of the island's finest dining. The front cottage offers 2 bedrooms and 1 bath with +/-866 sq. ft., while the back cottage includes 2 bedrooms and 1 bath with +/-900 sq. ft. Enjoy the option to live in one and rent the other, or maximize income by renting both. An exceptional investment in a prime location, right in the heart of Islamorada's most vibrant and walkable district. Important Note: This property is also listed separately in the MLS under 2 different classifications intentionally: Single Family Home and Duplex/multifamily as it can be used for both.
Directions
If coming from the North, on Overseas Hwy, Take a left on Johnson Road, and Right on Preston.

Fee Includes

None
Yes

Dockage

None
Yes

Tax Exemptions

None
Yes

Appliances

Oven
Yes
Range
Yes
Refrigerator
Yes

Pets

Pets Allowed
Yes

Cooling

Ceiling Fans(s)
Yes
Central Air
Yes

Heating

Central
Yes

Waterfront

None
Yes

Waterview

No Waterview
Yes

Construction

Combo Construction
Yes
Frame
Yes
Stucco
Yes

Land Size

Less Than 1/4 Acre
Yes

Furnished

Negotiable
Yes

Utilities

Buyer to Verify
Yes

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Building Style: Conch Vehicle Storage: Off Street Parking Furnished: Negotiable Cooling: Ceiling Fans(s); Central Air Heating: Central Utilities: Buyer to Verify Appliances: Oven; Range; Refrigerator Construction: Combo Construction; Frame; Stucco Pets: Pets Allowed Land Size: Less Than 1/4 Acre
Listing Office: Coldwell Banker Schmitt Islamorada
Last Updated: March - 16 - 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.