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$18,000,000 -$5,000,000 (-21.74%) Price Reduced

  • For Sale
  • Active
  • Retail
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''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.

Full Property Details for 96 Madeira Rd

General

  • Price: $18,000,000
  • Taxes: $48,210 (2023)
  • Status: Active
  • Type: Retail
  • Source: 927
  • MLS ID: 613627
  • Updated: 2/23/2026
  • Added to Site: 381 day(s) ago

Business

  • Current License: 5-Cop (Transferable), Other/See Remarks
  • Misc. Information: Storage, Other Miscellaneous, Open Water View, Highway Frontage, High Visibility, High Traffc Location, Loading Dock, Manager on Premises, Handicap Access

Interior

  • Appliances: Refrigerator, Dishwasher

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Half Bathrooms: 2

Exterior

  • Exterior Features: Restaurant, Bar, Retail

Location

  • Area: 23 - Upper Matecumbe
  • County: Monroe
  • Subdivision: Strattons (82.5)
  • Driving Directions: At mile marker 82 bayside.

Community

  • Assoc. Fees Include: None

Utilities

  • Water: Bay/Gulf View
  • Utility Description: FKAA, Propane, Buyer to Verify, Municipal Sewer

Structural Information

  • # Buildings: 3
  • Architectural Style: Commercial
  • Description/Design: License Included
  • Construction: CBS, Combo Construction, Frame
  • Stories/Levels: 1.0
  • Square Feet: 4,750
  • Sq. Ft. Source: Tax Records
  • Year Built: 2011

Lot Features

  • Lot Dimensions: see survey
  • Zoning: HC - Highway Commercial

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Type: Bay Front
  • Boat Dock Slip: Yes
  • Dock Description: Boat Ramp, Basin, Boat Slip

Financial Considerations

  • For Sale/Rent/Lease: For Sale
  • Tax Amount: $48,210
  • Tax Year: 2023
  • Terms: Seller Finance Psble

Disclosures and Reports

  • Legal Description: BLK 3 LTS 5 THRU 9 AND BLK 4 WLY 217 FT LOT 1 AND PT OF LOTS 1, 2, 3 AND 4 LYING NWLY OF BASIN AND PT OF BAY BTM NWLY OF
  • Flood Zone: AE, AE, VE, 0.2 PCT ANN
  • APN: 00399370-000000

Listed by Berkshire Hathaway HomeServices Keys Real Estate - Islamorada, The Lindback Team (305) 522-1370 and Berkshire Hathaway HomeServices Keys Real Estate - Islamorada, Brian Lindback Jr. (305) 587-1828

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Listing agents

— 96 Madeira Rd —

  • The Lindback Team

    Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

  • Brian Lindback Jr.

    Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 96 Madeira Rd

School District:Monroe County School District, Middle Torch Key, FL
NameGradesDistance
Plantation Key School
100 Lake Road, Tavernier, FL 33070
PK-87.4 mi
Key West High School
2100 Flagler Avenue, Key West, FL 33040
9-1276.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 96 Madeira Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/23/2026
Price Reduced
$18,000,000
-21.74%
MLS
2/10/2025
Listed
$23,000,000
142.11%
MLS
12/14/2010
Sold
$9,500,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 96 Madeira Rd

Year
Property Taxes
Change
Tax Assessment
Change
2024
$49,759
—
$6,664,916
22%
2024
$49,759
3%
$5,445,908
—
2023
$48,211
4%
$5,451,261
—
2021
$46,535
—
$5,473,503
—
2022
$46,410
—
$5,465,044
—
2021
$46,535
27%
$5,488,394
97%
2019
$36,712
6%
$2,790,705
10%
2018
$34,693
18%
$2,537,006
10%
2017
$29,363
-4%
$2,306,368
1%
2016
$30,567
3%
$2,288,434
2%
2015
$29,768
60%
$2,254,313
85%
2014
$18,617
-1%
$1,215,712
—
2013
$18,739
—
$1,218,479
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 96 Madeira Rd

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Berkshire Hathaway HomeServices Keys Real Estate - Islamorada, The Lindback Team (305) 522-1370 and Berkshire Hathaway HomeServices Keys Real Estate - Islamorada, Brian Lindback Jr. (305) 587-1828

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96 Madeira Road, Islamorada, FL 33036 (MLS# 613627) is a Retail property. 96 Madeira Road is currently listed for $18,000,000 and was received on February 10, 2025. Want to learn more about 96 Madeira Road? Do you have questions about finding other Retail real estate for sale in Islamorada? You can browse all Islamorada real estate or contact a Coldwell Banker agent to request more information.

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