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Islamorada

Islamorada

Located in Monroe County

$1,945,816 Average Value
$1,147 Average Price per Sq Ft
136 Homes For Sale

Islamorada offers coastal recreation in a "warm and caring community"

Islamorada, known as the Sport Fishing Capital of the World, is a charming Florida Keys village about 85 miles south of Miami. It is surrounded by the Atlantic Ocean and cradled by Florida Bay. These waters teem with aquatic life and provide the backbone of a local economy that depends on marine services and eco-tourism. The remote location offers peaceful living, and, while it caters to older residents, the village is also family friendly and is served by a pair of top-rated schools. “It’s a very warm and caring community,” says Andi Saylor of Paradise Florida Keys Real Estate, who went on to explain that, “The cost of living is kind of high, so it really takes two jobs to support living here. … The community does a lot of benefits for people in need. They just had one for a woman who came up with a rare blood disease, and they raised thousands and thousands of dollars.”

Waterfront homes provide bay access; inland homes are more affordable

Multi-level Coastal homes are a prominent housing option. Prices typically start around $650,000 and can exceed $2 million. This style of home is built to withstand the high risk of flooding and wind damage from hurricanes. “New construction requires elevation,” Saylor says. Coastal designs are part of the community’s waterfront options, some costing several million dollars. Many of these are second homes. “Our population doubles in the winter,” says Saylor. Full-time residents mostly occupy inland housing. “We have what are called dry lots,” Saylor says, “and those are the people who live here and work here. They typically do not have boats. That’s about one-third. The rest of the homes have boat docks and access to the bay.” Small cottage-style homes can start as low as $300,000 and sell for as much as $630,000. Midcentury designs typically range in price from about $650,000 to $1 million-plus. Townhouses and condos can also be found. They typically range in price from around $350,000 to as much as $2 million for luxury oceanside units. Islamorada’s median sales price is about $1.25 million.

The fishing community also offers a quiet beach and a popular park

Islamorada is a haven for outdoors enthusiasts. The surrounding waters are home to coral reefs, flats and mangrove ecosystems. Such marine diversity makes it easy to understand why the village is known as one of the country’s top fishing destinations. Popular recreational spaces include Anne’s Beach, a quiet, natural spot on the western edge of Islamorada, and Founders Park, a community gathering place on the east side of the village that features ocean access, a pool, athletic courts and children’s playscapes. The park also hosts regular community events, including Pops in the Park. The monthly concert series runs from November through April. Other marine-related attractions include Theater of the Sea, where visitors can swim with dolphins, the History of Diving Museum and Indian Key Historic State Park, a tiny nearby island that offers swimming, sunbathing and hiking. It is only accessible by kayak or boat.

Lazy Days, Papa Joe's and Lorelei's are local institutions

The community boasts an array of popular local dining destinations. “Everybody knows Lazy Days,” Saylor says. “It’s a waterfront restaurant where you can eat on the beach. It’s on the ocean side. Across the street is Papa Joe’s. … It’s on the bay side, with a bar upstairs, and you can watch the sun set. Those are the two prominent Islamorada restaurants. Lorelei's is another one that is a local institution. It’s all outdoor seating. It’s a casual place for burgers and fries.” With a giant sculpture of Betty the Lobster out front, Rain Barrel Village is a can’t-miss shopping center. Several local stores and a Publix can be found along U.S. Route 1, which runs through the village.

Students can attend highly-rated schools

Plantation Key School is a PK-8 institution that is rated A-minus by Niche. Coral Shores High School earns an A. The school has its own fishing club and offers marine mechanics classes. Florida’s controlled open enrollment program allows students to transfer to schools outside of their geographic zones, although the village’s location does not lend itself to such, as transportation is not guaranteed.

Central location for trips to Miami, Key West

U.S. 1, also known as the Overseas Highway, is the only way in and out of this car-dependent community. It offers access throughout the Keys, including Key West, and connects residents to the mainland. “The central location is great. You’re an hour and a half from Miami for sporting events and shows, and you can do all that in one day,” Saylor says. “That’s one of the reasons we choose Islamorada instead of a place farther south.” Baptist Health Mariners Hospital in neighboring Tavernier is a convenient medical facility, but residents should be aware that a trip to Miami may be needed for expanded healthcare options and extended stays.

Matt Pallister
Written By
Matt Pallister

Interested in learning more about homes in this area? Reach out to Carolyn Ambler, an experienced agent in this area.

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Islamorada Housing Trends

Housing Trends

Median List Price
$1,699,999
Median Sale Price
$1,250,000
Median Single Family Sale Price
$2,650,000
Median Townhouse Sale Price
$1,175,000
Median 2 Bedroom Sale Price
$742,500
Median Change From 1st List Price
10%
Last 12 months Home Sales
154
Median Home Sale Price YoY Change
4%
Average Price Per Sq Ft
$1,147

Area Facts

Number of Homes
2,526
Number of Homes for Sale
136
Median Year Built
1984
Months of Supply
10.60
Average Single Family Home Size Sq Ft
2,063
Above the national average
1,929
Average Townhouse Size Sq Ft
1,643
Average 2 Bedroom Size Sq Ft
1,179
Average 1 Bedroom Size Sq Ft
518
Median Lot Size Sq Ft
8,712

Open Houses

  • Sunday, Jan 4
    Open House 1/04

    230 Key Honey Ln, Tavernier, FL 33070

    $1,200,000

    • 3 Beds
    • 3 Baths
    • 2,165 Sq Ft
    • 230 Key Honey Ln

    Welcome to this beautifully maintained 3-bedroom, 3 bathroom pool home that offers exceptional space, privacy and flexibility - ideal for families, remote workers, or multiple generational living. Built with solid CBS construction with impact windows and doors, this thoughtfully designed home features multiple separate living spaces giving everyone room to spread out. Enjoy a bright sunroom/den,

    Jill Pittman Coldwell Banker Schmitt Islamorada

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  • Saturday, Jan 3
    Open House 1/03

    113 Key Heights Dr, Tavernier, FL 33070

    $928,000

    • 2 Beds
    • 2 Baths
    • 1,358 Sq Ft
    • 113 Key Heights Dr
    • New 11 days ago

    This classic Florida bungalow is located on a rare DOUBLE Lot on Plantation Key in Islamorada. The Dade County Pine ceilings and classic Saltillo tile floors are paired with modern updates to the kitchen with new appliances, including an induction range and oven, quartz counter tops and tile backsplash. The primary bedroom includes an en suite bathroom and walk in closet. Off the kitchen you will

    James Maybank Coastal Realty of the Florida Keys

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  • Saturday, Dec 27
    Open Sat 11AM - 2PM

    201 Harbor Dr, Islamorada, FL 33036

    $2,250,000

    • 3 Beds
    • 3 Baths
    • 1,524 Sq Ft
    • 201 Harbor Dr
    • New 22 days ago

    HARBORFRONT HOME WITH OCEAN ACCESS. Experience Harborfront living with immediate ocean access--the perfect blend of privacy,comfort, and the true Florida Keys lifestyle. This turn-key CBS home sits directly on a largeprotected boat harbor, offering the rare combination of deep-water dockage and wide-open ocean views right from your living room.Step into your backyard and enjoy a 10k boat lift,

    Jessica Pinder

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Homes for Sale

Homes for Rent

Condo Buildings

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Islamorada Has More Owners

Demographics

Total Population
10,565
Median Age
54
Population under 18
15.7%
Below the national average
23.8%
Population over 65
31.6%
Above the national average
19.1%

Finances

Median Household Income
$70,014
Below the national average
$79,601
Average Household Income
$104,575

Education and Workforce

High School Graduates
94.3%
Above the national average
89%
College Graduates
38.9%
On par with the national average
34.1%
Advanced Degrees
16.2%
% Population in Labor Force
60.6%

Weather

Annual Precipitation
39''
Average Winter Low Temperature
65°F
Average Summer High Temperature
92°F
Annual Snowfall
0''

Area Factors

Somewhat Bikeable

Bike Score®®

27 / 100

Car-Dependent

Walk Score®®

0 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Islamorada
Carolyn Ambler
American Caribbean Real Estate, Christie's International Real Estate
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