$350,000
SOLD MAR 13, 2025

Palms of Islamorda 79901 Overseas Hwy Unit 101 Islamorada, FL 33036

1 Bed
1 Bath
409 Sq Ft
3 Acres

Recently Sold

$856 Per Sq Ft

12% Below List Price

342 Days on Market

Highlights

  • Ocean Front
  • Boat Ramp
  • Furnished
  • Plantation Key School Rated A-
  • Concrete Pool
  • 1-minute walk to Lignumvitae Key Botanical State Park

About This Home

As of March 2025

Who says oceanfront living in the heart of the Florida Keys is not affordable? This cute 1-bedroom studio condo, with amazing view of Alligator Reef Lighthouse is nestled within the prestigious Palms of Islamorada. It offers 409 square feet of all the space you need. Begin your days in serene bliss as you greet the sun rising over the Atlantic, painting the sky with hues of pink and gold right from your own doorstep. Take advantage of the Mens Gym or Womens Gym before enjoying the views from the Oceanfront pool, providing the perfect oasis of relaxation. For the adventurers at heart, the legendary Bud & Mary's Marina is merely a stone's throw away, offering endless fishing expeditions into the bountiful waters of the Keys. Culinary delights await next door at Lazy Days, where you can savor your catch with a backdrop of the ocean's expanse or explore the flavors of the Keys across the highway at the newly revived Papa Joe's Restaurant /Tiki Bar, an ideal spot to unwind and enjoy the sunset.Located at mile marker 79.9, the Palms of Islamorada places you at the center of it all, surrounded by the natural beauty and vibrant culture of the Keys.

Last Agent to Sell the Property

Krissy Carnahan

Realty ONE Group Destination (ISL) License #3508306 Listed on: 03/01/2024

Realty ONE Group Destination (ISL)

Last Buyer's Agent

Krissy Carnahan

Realty ONE Group Destination (ISL) License #3508306 Listed on: 03/01/2024

Realty ONE Group Destination (ISL)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,481

Year Built

  • Built in 1976

Parking

  • Electric Gate

Home Design

  • Tar and Gravel Roof
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 409 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Blinds
  • Home Gym
  • Tile Flooring
  • Laundry Room

Kitchen

  • Range
  • Microwave
  • Granite Countertops

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Accessible Home Design

  • Handicap Accessible
  • Accessible Parking

Outdoor Features

  • Boat Ramp
  • Balcony
  • Tiki or Chickee Hut

Utilities

  • Central Air
  • Public Hookup Available For Sewer
  • Community Sewer or Septic

Additional Features

  • Spa

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00096770-000100

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include cable, security, common area mnt, building insurance, bldg exterior mnt, water, sewer
  • 84 Units
  • Palms Of Isla Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed
  • Pet Restriction: 18 lbs

Security

  • Resident Manager or Management On Site
  • Complete Accordion Shutters
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,481

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Fee: 618.00
  • Mandatory HOA: Yes
  • Control Depth: 1
  • Fee Includes: Cable, Security, Common Area Mnt, Building Insurance, Bldg Exterior Mnt, Water, Sewer
  • Handicap Access: Yes
  • Key Island: Upper Matecumbe Key Islamorada
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 80.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool, Manager on Premises
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Pets W Restrictions: 18 lbs
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 2480.71
  • Title: Title Ins - Buyer, Negotiable
  • Year Built: 1976
  • Alternate Key Number: 1112437
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 8400.00
  • Pool Info: In Ground, Concrete
  • Porch Balcony: Open Porch/Balcony
  • Shutters: Accordion
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: No
  • Estimated Living Sq Ft: 409.00
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Unit Complex: Unit
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Smoke Alarms, Granite Counter Top
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Refrigerator, Microwave, Range
  • Floor: Tile
  • Specialty Rooms: Gym, Laundry Room
  • Windows/Doors: Aluminum Windows
  • Total Bedrooms: 1
  • Accessibility Features: Parking

Exterior Features

  • Dockage: Boat Ramp
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS, Stucco, Concrete
  • Exterior Features: Chickee Hut, Hot Tub
  • Roof: Tar/Gravel Roof
  • Waterview: Ocean View
  • Pool: Yes

Utilities

  • Security: Electric Gate
  • Utilities: Community Swr Plant

Lot Info

  • Deed Restrictions: Yes
  • Flood Zone: VE,AE,AE,VE,AE,AE,AE
  • Parcel Number: 00096770-000100
  • Lot Size: 2.075
  • Land Size: 2 Less Than 5 Acres

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished, Negotiable, Unfurnished

Tax Info

  • Tax Year: 2023

Multi Family

  • Total Units: 84.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2024
Closed on
Mar 13, 2025
Sold by
Thorne Peggie Picard
Bought by
Wright James K and Wright Christine L
Seller's Agent
Krissy Carnahan
Realty ONE Group Destination (ISL)
Buyer's Agent
Krissy Carnahan
Realty ONE Group Destination (ISL)
List Price
$399,500
Sold Price
$350,000
Premium/Discount to List
-$49,500
-12.39%
Views
168
Current Estimated Value
$357,133

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,133
Avg. Annual Appreciation
4.39%

Purchase Details

Closed on
Jun 3, 2019
Sold by
Cleveland John C and Cleveland Concetta M
Bought by
Thorne Peggie Picard

Purchase Details

Closed on
Feb 25, 2019
Sold by
Unknown
Bought by
Cleveland John C and Cleveland Concetta M

Purchase Details

Closed on
Feb 6, 2019
Sold by
Unknown and Hreha Cleveland Concetta
Bought by
Cleveland John C and Cleveland Concetta M

Purchase Details

Listed on
Apr 24, 2014
Closed on
May 20, 2014
Sold by
Deutsche Bank National Trust Company
Bought by
Ranich Pasqual
Seller's Agent
Stephen Sibiga
MMLS Assoc.-Inactive Member
Buyer's Agent
Stephen Sibiga
MMLS Assoc.-Inactive Member
List Price
$125,000
Sold Price
$137,194
Premium/Discount to List
$12,194
9.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.90%

Purchase Details

Closed on
Mar 28, 2014
Sold by
Selden Elizabeth R and Selden Elizabeth
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Mar 21, 2014
Sold by
Selden Elizabeth R and Selden Elizabeth
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Oct 4, 2006
Sold by
Selden Randolph B
Bought by
Selden Elizabeth R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Interest Rate
1.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 2004
Sold by
Mannion Steven
Bought by
Selden Randolph B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 31, 1997
Sold by
Hartman Gary M and Hartman Domenica N
Bought by
Mannion Steven

Purchase Details

Closed on
Sep 1, 1989
Bought by
Ranich Pasqual

Purchase Details

Closed on
Jan 1, 1986
Bought by
Ranich Pasqual

Purchase Details

Closed on
Apr 1, 1979
Bought by
Ranich Pasqual
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $350,000 Coral Reef Title
Warranty Deed $145,000 Absolute First Title Inc
Warranty Deed $100 None Listed On Document
Warranty Deed $100 None Listed On Document
Personal Reps Deed -- Attorney
Special Warranty Deed $131,000 Premium Title Services Inc
Trustee Deed -- None Available
Trustee Deed -- None Available
Warranty Deed $310,000 Dba Florida Title Of Keys
Warranty Deed $200,000 Florida Title Of Keys Inc
Warranty Deed $70,000 --
Warranty Deed $70,000 --
Warranty Deed $55,000 --
Deed $34,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $279,000 Purchase Money Mortgage
Previous Owner $180,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2025 03/13/25 Sold $350,000 -12.4% $856 / Sq Ft
02/06/2025 02/06/25 For Sale $399,500 0.0% $977 / Sq Ft
10/22/2024 10/22/24 Off Market $399,500 -- --
05/15/2024 05/15/24 Price Changed $399,500 -0.1% $977 / Sq Ft
03/01/2024 03/01/24 For Sale $400,000 +191.6% $978 / Sq Ft
06/13/2014 06/13/14 Sold $137,194 +9.8% $335 / Sq Ft
05/09/2014 05/09/14 Pending -- -- --
04/24/2014 04/24/14 For Sale $125,000 -- $306 / Sq Ft
Source: Florida Keys Board 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 $2,481 $262,302 -- $262,302
2023 $2,481 $241,610 $0 $241,610
2022 $2,257 $197,727 $0 $197,727
2021 $2,141 $168,471 $0 $168,471
2020 $2,120 $165,545 $0 $165,545
2019 $2,026 $152,612 $0 $152,612
2018 $2,020 $152,612 $0 $0
2017 $1,945 $147,931 $0 $0
2016 $2,024 $147,931 $0 $0
2015 $1,857 $133,236 $0 $0
2014 $2,072 $152,801 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 609064

Florida Keys Board of REALTORS®

APN: 00096770-000100