NOT LISTED FOR SALE

75700 Overseas Hwy Islamorada, FL 33036

Estimated Value: $2,123,000 - $4,920,000

4 Beds
3.5 Baths
805 Sq Ft
$4,324/Sq Ft Est. Value

Last Sold March 28, 2023

Last sale price $3,200,000 $3,975 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $20,168/month

78 Days on Market

Highlights

  • Ocean Front
  • 1.46 Acre Lot
  • No HOA
  • Plantation Key School Rated A-

About This Home

As of March 2023

A once-in-a-lifetime opportunity to acquire one of the most unique properties in the Florida Keys! The parcel is approximately 1.46 Acres! Plus approximately 15,000 square feet of Deeded Bay Bottom! Owning the bay bottom makes it much easier to build additional docks. Situated along deep water with your very own protected boat basin that can hold multiple boats. Zoned Multi- Family this estate includes 2 Market Rate Building Rights, which is allowed for WEEKLY rental. Enjoy endless opportunities with this rare Gulf Front Estate. Lines in the aerials are approximate. Currently on the property there are 3 Units being rented. One - 2 Bedroom House and Two - 1 Bedroom Units. Ready for Offers.

Last Agent to Sell the Property

Amy Prumo

Coldwell Banker Schmitt Real Estate Co. License #3226139 Listed on: 01/05/2023

Coldwell Banker Schmitt Real Estate Co.

Co-Listed By

Thomas Carden

Coldwell Banker Schmitt Real Estate Co. License #3433526

Last Buyer's Agent

Lorie LaLonde

American Caribbean Real Estate, Christie's International Real Estate License #3211570

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,132

Year Built

  • Built in 1954

Lot Details

  • 1.46 Acre Lot
  • Ocean Front
  • Property Fronts a Bay or Harbor
  • Property is zoned MF - Multi-Family Attached

Property Views

  • Ocean
  • Gulf

Home Design

  • 805 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms

Additional Features

  • Ground Level
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Mat Ocean Bay Subdivision

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00394840-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,132

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Control Depth: 5
  • Dockage Dock: Other
  • Fee Includes: None
  • Key Island: Lower Matecumbe
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 75.00
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 27131.60
  • Year Built: 1954
  • Alternate Key Number: 1487252
  • Building Style: Ground Level
  • Lot Sq Ft: 63598.00
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 805.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Appliances Other: YES
  • Total Bedrooms: 4

Exterior Features

  • Dockage: Basin
  • Waterfront: Oceanfront, Open Water, Bay Front
  • Waterfront: Yes
  • Construction: CBS
  • Waterview: Ocean View, Open Water View, Bay/Gulf View
  • Pool: No

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE VE
  • Parcel Number: 00394840-000000
  • Land Size: 1 Less Than 2 Acres
  • Acres: 1.46

Rental Info

  • Rentals Allowed: Yes

Tax Info

  • Tax Year: 2022

Multi Family

  • Total Units: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2023
Closed on
Mar 27, 2023
Sold by
Planmac Company Inc
Bought by
Rhyne Family Trust
Seller's Agent
Amy Prumo
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Lorie LaLonde
American Caribbean Real Estate, Christie's International Real Estate
List Price
$3,950,000
Sold Price
$3,200,000
Premium/Discount to List
-$750,000
-18.99%
Views
50
Current Estimated Value
$3,480,863

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$280,863
Avg. Annual Appreciation
3.33%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rhyne Family Trust $3,200,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/28/2023 03/28/23 Sold $3,200,000 -19.0% $3,975 / Sq Ft
03/24/2023 03/24/23 Pending -- -- --
01/05/2023 01/05/23 For Sale $3,950,000 -- $4,907 / Sq Ft
Source: Marathon and Lower Keys Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $22,950 $2,661,494 $2,346,823 $314,671
2023 $22,950 $3,144,388 $2,849,706 $294,682
2022 $28,262 $4,882,218 $4,686,695 $195,523
2021 $22,875 $3,041,610 $2,869,954 $171,656
2020 $20,119 $2,464,721 $2,290,704 $174,017
2019 $18,900 $2,287,008 $2,106,397 $180,611
2018 $18,252 $2,371,058 $2,195,116 $175,942
2017 $18,089 $2,630,153 $0 $0
2016 $16,695 $2,180,508 $0 $0
2015 $14,728 $1,844,124 $0 $0
2014 $14,242 $1,832,319 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    Amy Prumo

    Coldwell Banker Schmitt Real Estate Co.

    Section Image

  • T

    Seller Co-Listing Agent in 2023

    Thomas Carden

    Coldwell Banker Schmitt Real Estate Co.

    Section Image
  • Lorie LaLonde

    Buyer's Agent in 2023

    Lorie LaLonde

    American Caribbean Real Estate, Christie's International Real Estate

    (305) 522-1837

    35 in this area

    58 Total Sales

    Lorie LaLonde
    Section Image
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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 603642

APN: 00394840-000000

Florida Monroe County Islamorada 33036

75700 Overseas Hwy, Islamorada, FL

This home is located at 75700 Overseas Hwy, Islamorada, FL 33036 since 05 January 2023 and is currently estimated at $3,480,863, approximately $4,324 per square foot. This property was built in 1954. 75700 Overseas Hwy is a home located in Monroe County with nearby schools including Plantation Key School and Coral Shores High School.

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