Once-in-a-lifetime investment in the heart of Islamorada. This exceptional property offers a wide range of potential uses as it includes two Village Center parcels stretching from the Highway to the Bay. Village Center zoning allows for multiple-use opportunities including, but not limited to, single-family estates, multi-family compounds, luxury townhomes, vacation rentals, restaurants, marinas, general stores with package sales, and much more. The property spans 30,415 sqft. It includes a Bayfront boat basin, providing dockage for up to 7 vessels, and there is adequate depth for an additional 100-foot dock to be constructed. The Village of Islamorada officially recognizes three waterfront market-rate dwelling units. The three waterfront Transferable Development Rights (TDRs) can be utilized onsite, transferred to another location, or sold to a receiver site. The Village Center Zoning would allow up to 8 market-rate dwelling units to be developed onsite for a new luxury townhome community, with the transfer of additional TDRs.