This exclusive property is located on Lower Matecumbe Key and is strategically situated in one of the most respected and prestigious neighborhoods of Islamorada. Since this one-of-a-kind property has not been on the market since 1967, it is an exceptional find. With an outstanding and spectacular view of the Florida Bay, it is positioned at the mouth of the canal, which offers protection from wind and erosion, with deep-water access. The façade of this home has recently been remodeled and completely updated with impact doors, windows, and concrete board siding. There are two (technically three) bedrooms and two full baths upstairs, with a large walk-in closet in the Master Bedroom and a large screened-in porch. The downstairs boasts a large recreational room with a full bath and an unfinished bedroom. The house is situated in such a way that there is a Bay view from the kitchen, living area, and master bedroom. There is a screened-in porch downstairs as well as two one-car garages with room on the lot for 11 cars to park comfortably. As an option, the property features a massive 35066 sq. ft. plot of land with perfectly manicured gardens that are perfect for entertaining that can be sold separately. The adjoining lot is NOT offered with the house but can be sold separately. It is buildable and a beautiful swimming pool or tennis court can be built on it. With hardly any land in the Florida Keys, this is an exceptional treasure. The two lots combined have 260' on the water with a dock and boat slip. The extra lot is 0.42 acres or 188' deep x 129' wide. This lot is a must have. It is simply too perfect for its location. There is plenty of room for a guest house, pool, and tennis court.