Palms of Islamorda 79901 Overseas Hwy Unit 404 Islamorada, FL 33036
2
Beds
2
Baths
981
Sq Ft
$957/mo
HOA Fee
Highlights
- Ocean Front
- Concrete Pool
- Stainless Steel Appliances
- Plantation Key School Rated A-
- Furnished
- 1-minute walk to Lignumvitae Key Botanical State Park
About This Home
As of September 2024New offering of a 2 bedroom/2 bath condo in an ocean front complex and priced under $600,000 in Islamorada! THE PALMS OF ISLAMORADA is one of the most desired and well-situated condo complexes in the heart of Islamorada. Conveniently located between Lazy Days Restaurant, Bud 'n Mary's Marina/Dive Center and Amara Cay Resort and the newly re-opened Papa Joe's Bar and Grill. Access to exceptional dining and water activities - diving, snorkeling, fishing, boat chartering, and boat storage is close at hand. The Palms offers a wide variety of activities - swim or snorkel in the ocean directly from the property - swim in the heated pool or soak in the hot tub at the water's edge. Keep up your exercise routine in the recently refurbished gyms. If you want to limit your sun exposure, relax, take a nap, or read a book under the Tiki. Bring your stand-up paddle board, kayak or non-motorized water toys and rent a storage rack near the onsite ramp. This unit comes completely furnished. Sellers will remove some personal items and art. This unit has been rented during the winter season and currently has rentals in place for Jan/Feb/March/April 2025 to returning guests. Seller requests that buyers honor these rentals. As a special bonus, sellers are offering to pay the remaining balance of $14,000 due on the current special assessment for spalling repairs.
Last Agent to Sell the Property
Realty One Group Engage the Keys License #3427827 Listed on: 07/24/2024
Last Buyer's Agent
Garry Salyers
Century 21 Circle License #555866
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,285
Year Built
- Built in 1976
Lot Details
- Fenced
HOA Fees
- $957 Monthly HOA Fees
Home Design
- Pre-Cast Concrete Construction
Interior Spaces
- 981 Sq Ft Home
- 5-Story Property
- Furnished
- Ceiling Fan
- Blinds
- Sliding Doors
- Tile Flooring
Kitchen
- <<OvenToken>>
- Range<<rangeHoodToken>>
- <<microwave>>
- Dishwasher
- Stainless Steel Appliances
- Built-In or Custom Kitchen Cabinets
Bedrooms and Bathrooms
- 2 Bedrooms
- Split Bedroom Floorplan
- Walk-In Closet
- 2 Full Bathrooms
Home Security
Parking
- 1 Parking Space
- Covered Parking
- Electric Gate
- Guest Parking
- Assigned Parking
Accessible Home Design
- Accessible Elevator Installed
- Accessible Ramps
Pool
- Concrete Pool
- Heated In Ground Pool
- Spa
- Pool Deck
- Outdoor Shower
Outdoor Features
- Balcony
- Exterior Lighting
- Tiki or Chickee Hut
Utilities
- Central Heating and Cooling System
- Separate Meters
- Public Hookup Available For Sewer
- Cable TV Available
Listing and Financial Details
- Minimum Rental Period: 28
- Assessor Parcel Number 00096770-004800
Community Details
Overview
- Association fees include cable, security, common area mnt, building insurance, bldg exterior mnt, water, exterminating, sewer
- 84 Units
- Palms Of Isla Subdivision
- Rental Restrictions
Pet Policy
- Pet Restriction: YES
Security
- Resident Manager or Management On Site
- Complete Accordion Shutters
- Impact Glass
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 24, 2024
Closed on
Sep 23, 2024
Sold by
Triano Jennifer E and Triano Anthony
Bought by
Salyers Elizabeth and Salyers Garry
Seller's Agent
Andrea (Andi) Saylor
Realty One Group Engage the Keys
Buyer's Agent
Garry Salyers
Century 21 Circle
List Price
$599,900
Sold Price
$590,000
Premium/Discount to List
-$9,900
-1.65%
Views
7
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,982
Avg. Annual Appreciation
-1.44%
Original Mortgage
$290,000
Outstanding Balance
$288,402
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$294,616
Purchase Details
Closed on
Mar 25, 2004
Bought by
Triano Jennifer E and Triano Anthony
Purchase Details
Closed on
Nov 10, 1999
Sold by
Schulberg Alan and Schulberg Elaine
Bought by
Bellet Michael and Bellet Rhonda L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 1, 1993
Bought by
Triano Jennifer E and Triano Anthony
Purchase Details
Closed on
Sep 1, 1989
Bought by
Triano Jennifer E and Triano Anthony
Purchase Details
Closed on
Oct 1, 1979
Bought by
Triano Jennifer E and Triano Anthony
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $590,000 | Acuity Title | |
| Warranty Deed | $360,000 | -- | |
| Warranty Deed | $150,000 | -- | |
| Warranty Deed | $130,000 | -- | |
| Warranty Deed | $140,000 | -- | |
| Deed | $75,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $290,000 | New Conventional | |
| Previous Owner | $120,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/23/2024 09/23/24 | Sold | $590,000 | -1.7% | $601 / Sq Ft |
| 07/24/2024 07/24/24 | For Sale | $599,900 | -- | $612 / Sq Ft |
Source: Florida Keys Board of REALTORS®
Tax History Compared to Growth
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 | $4,285 | $481,936 | -- | $481,936 |
| 2023 | $4,285 | $470,029 | $0 | $470,029 |
| 2022 | $3,842 | $380,728 | $0 | $380,728 |
| 2021 | $3,611 | $321,193 | $0 | $321,193 |
| 2020 | $3,491 | $307,381 | $0 | $307,381 |
| 2019 | $3,298 | $281,636 | $0 | $281,636 |
| 2018 | $3,288 | $281,636 | $0 | $0 |
| 2017 | $3,116 | $269,582 | $0 | $0 |
| 2016 | $3,191 | $269,582 | $0 | $0 |
| 2015 | $2,861 | $233,344 | $0 | $0 |
| 2014 | $3,179 | $261,785 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Andrea (Andi) Saylor
A
Seller's Agent in 2024
Andrea (Andi) Saylor
Realty One Group Engage the Keys
(305) 407-4326
7 Total Sales
-
G
Buyer's Agent in 2024
Garry Salyers
Century 21 Circle
About Palms of Islamorda
Map
Source: Florida Keys Board of REALTORS®
MLS Number: 610888
APN: 00096770-004800
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