NOT LISTED FOR SALE

Palms of Islamorda 79901 Overseas Hwy Unit 104 Islamorada, FL 33036

Estimated Value: $366,000 - $429,000

1 Bed
1 Bath
409 Sq Ft
$549/mo HOA Fee

Last Sold March 15, 2024

Last sale price $387,000 $946 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,987/month

138 Days on Market

Highlights

  • Ocean Front
  • Concrete Pool
  • Lanai
  • Plantation Key School Rated A-
  • Clubhouse
  • 1-minute walk to Lignumvitae Key Botanical State Park

About This Home

As of March 2024

Welcome to the Palms of Islamorada, a gem among communities, and your ideal gateway to the heart of paradise in the Florida Keys!Consider this incredible investment opportunity. Live in it , rent it or make it your perfect weekend escape, right in the heart of Islamorada. The Palms of Islamorada is renowned for its exceptional location, friendly community, and amenities.Location is everything, and here you are just a stone's throw away from the most iconic restaurants, bars, and marinas that Islamorada has to offer. While this unit may be cozy in size, it's big on comfort and style and AMAZING VIEWS FROM INSIDE AND OUTSIDE. It has been thoughtfully updated throughout with a newer kitchen, new bathroom with walkin shower, fresh stucco / texture, and paint. The furnishings are all new with special attention to size and ease. Check out the new murphy bed in the bedroom. Its not like old murphy beds... This one has lighting storage and disappears seamlessly into the decor and transforms without any hassle at all. Your front door is just steps away from the stunning Atlantic Ocean, and all the amenities offered at the Palms of Islamorada. (Pool, Jacuzzi, Gym, Clubhouse, Tiki, and more! Don't miss this incredible opportunity to make this your next investment home or your weekend sanctuary. It's not just a condo, it could be your much needed gateway to the ultimate Florida Keys experience.

Last Listed By

Krissy Carnahan

Realty ONE Group Destination (ISL) License #3508306 Listed on: 09/18/2023

Realty ONE Group Destination (ISL)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,105

Year Built

  • Built in 1976 | Remodeled

Lot Details

  • 3

HOA Fees

  • $549 Monthly HOA Fees

Home Design

  • Tar and Gravel Roof
  • Pre-Cast Concrete Construction

Interior Spaces

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

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Parking

  • Covered Parking
  • Electric Gate

Pool

  • Concrete Pool
  • In Ground Pool
  • Spa

Outdoor Features

  • Lanai
  • Exterior Lighting
  • Gazebo
  • Tiki or Chickee Hut

Utilities

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

Additional Features

  • Ground Level

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00096770-000400

Community Details

Overview

  • Association fees include cable, security, common area mnt, building insurance, bldg exterior mnt, water, exterminating, sewer
  • Palms Of Isla Subdivision
  • Rental Restrictions

Amenities

  • Clubhouse
  • Lobby

Recreation

  • Bike Trail

Pet Policy

  • Pet Restriction: YES

Security

  • Resident Manager or Management On Site
  • Impact Glass
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,105

Year Built

Built in 1976 | Remodeled

Lot Details

0

HOA Fees

$549 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Approval Required: Yes
  • Association Fee: 549.00
  • Mandatory HOA: Yes
  • Voluntary HOA: No
  • Control Depth: 1
  • Fee Includes: Cable, Security, Common Area Mnt, Building Insurance, Bldg Exterior Mnt, Water, Exterminating, Sewer
  • 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: Clubhouse, Bike Paths, Other Area Features, Manager on Premises
  • Off Shore Island: No
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 2105.10
  • Vehicle Storage: Covered Parking
  • Year Built: 1976
  • Alternate Key Number: 1112461
  • Building Style: Ground Level
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Pool Info: In Ground, Concrete
  • Association Maintenance Fee Per: Monthly
  • Association Info Condo Docs: Yes
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 409.00
  • Pre Wired: Cable
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Unit Complex: Complex
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Smoke Alarms, Lobby, Granite Counter Top
  • Floor Number: 1.00
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Dishwasher, Oven, Range, Refrigerator
  • Floor: Tile
  • Specialty Rooms: Gym, Laundry Room
  • Windows/Doors: Impact Rstnce Window
  • Total Bedrooms: 1

Exterior Features

  • Dockage: None
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS, Concrete
  • Exterior Features: Chickee Hut, Lanai, Lighting, Hot Tub, Gazebo
  • Roof: Tar/Gravel Roof, Combo Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Security: Electric Gate
  • Utilities: Community Swr Plant, Buyer to Verify

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: VE,AE,AE,VE,AE,AE,AE
  • Parcel Number: 00096770-000400
  • Land Size: 1 Less Than 2 Acres

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2023
Closed on
Mar 15, 2024
Sold by
Gallub Philip
Bought by
Deponte Kristin Geelan and Mcdonald Joseph William
Seller's Agent
Krissy Carnahan
Realty ONE Group Destination (ISL)
Buyer's Agent
Krissy Carnahan
Realty ONE Group Destination (ISL)
List Price
$420,000
Sold Price
$387,000
Premium/Discount to List
-$33,000
-7.86%
Total Days on Market
138
Views
117
Current Estimated Value
$396,892

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,892
Avg. Annual Appreciation
2.22%
Original Mortgage
$287,000
Outstanding Balance
$283,690
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$113,202

Purchase Details

Listed on
Aug 7, 2022
Closed on
Sep 26, 2022
Sold by
Akins Donald M and Akins Dawn M
Bought by
Gallub Philip
Seller's Agent
Krissy Carnahan
Realty ONE Group Destination (ISL)
Buyer's Agent
Krissy Carnahan
Realty ONE Group Destination (ISL)
List Price
$350,000
Sold Price
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.13%

Purchase Details

Closed on
Sep 22, 2020
Sold by
Peter Woichik
Bought by
Akins Donald M and Akins Dawn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2017
Sold by
Davi Edith K
Bought by
Marvin Robert J and The Edith Ferreira Davi Revoca

Purchase Details

Closed on
May 1, 2002
Sold by
Peter Rising and Peter Mary C
Bought by
Davi Edith K

Purchase Details

Closed on
Apr 1, 1993
Bought by
Davi Edith K

Purchase Details

Closed on
Feb 1, 1988
Bought by
Davi Edith K

Purchase Details

Closed on
Apr 1, 1980
Bought by
Davi Edith K

Purchase Details

Closed on
May 1, 1979
Bought by
Davi Edith K

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
Deponte Kristin Geelan $387,000 Coral Reef Title
Gallub Philip $350,000 Palm Title Services
Akins Donald M $160,000 Dozier & Dozier
Woichik Peter -- Dozier & Dozier
Marvin Robert J -- Southeastern Title Co Ll
Davi Edith K $85,000 --
Davi Edith K $62,000 --
Davi Edith K $65,000 --
Davi Edith K $55,000 --
Davi Edith K $38,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deponte Kristin Geelan $287,000
Previous Owner Hite Kenneth D $281,500
Previous Owner Akins Donald M $128,000
Previous Owner Davi Edith K $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2024 03/15/24 Sold $387,000 -5.6% $946 / Sq Ft
10/06/2023 10/06/23 Price Changed $410,000 -2.4% $1,002 / Sq Ft
09/18/2023 09/18/23 For Sale $420,000 +20.0% $1,027 / Sq Ft
09/29/2022 09/29/22 Sold $350,000 0.0% $856 / Sq Ft
08/12/2022 08/12/22 Pending -- -- --
08/07/2022 08/07/22 For Sale $350,000 -- $856 / 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 $2,852 $291,985 -- $291,985
2023 $2,852 $285,037 $0 $285,037
2022 $2,105 $232,925 $0 $232,925
2021 $1,885 $168,471 $0 $168,471
2020 $1,864 $165,545 $0 $165,545
2019 $1,770 $152,612 $0 $152,612
2018 $1,764 $152,612 $0 $0
2017 $1,689 $147,931 $0 $0
2016 $1,768 $147,931 $0 $0
2015 $1,601 $133,236 $0 $0
2014 $1,816 $152,801 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Florida Keys Board of REALTORS®

MLS Number: 606680

Florida Keys Board of REALTORS®

APN: 00096770-000400