$725,000
$50K PRICE DROP

Palms of Islamorda 79901 Overseas Hwy Unit 512 Islamorada, FL 33036

Estimated payment $5,497/month

Total Views 17,432
2 Beds
2 Baths
981 Sq Ft
$739 Price per Sq Ft

Highlights

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

About This Home

Fabulous top floor location with spectacular ocean views! This spacious condo has tile floors throughout and a lovely open terrace to enjoy the ocean view and breezes. Both bedrooms are spacious and the primary bedroom opens to the oceanfront terrace. The Palms of Islamorada is conveniently located close to the downtown Islamorada area. You are only minutes from enjoying shopping in the boutiques and galleries and eating in numerous restaurants that are very close by. The Palms has an oceanfront pool, hot tub, assigned parking with plenty of guest parking, 2 gyms as well as kayak and paddleboard storage. A fantastic view of Alligator Lighthouse is included at no extra cost.

Listing Agent

Alina Davis

Coldwell Banker Schmitt Islamorada License #3216995 Listed on: 10/05/2024

Coldwell Banker Schmitt Islamorada

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,898

Year Built

  • Built in 1976

Lot Details

HOA Fees

  • $1,119 Monthly HOA Fees

Home Design

  • Concrete Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 981 Sq Ft Home
  • 5-Story Property
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Tile Flooring

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • 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
  • Off-Street 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
  • Gazebo
  • Tiki or Chickee Hut

Utilities

  • Central Heating and Cooling System
  • Separate Meters
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00096770-007600

Community Details

Overview

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

Recreation

  • Community Pool

Pet Policy

  • Pet Restriction: one 20 lb.

Security

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,898

Year Built

Built in 1976

Lot Details

0

HOA Fees

$1,119 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • First Right of Refusal: No
  • Association Approval Required: Yes
  • Association Fee: 1119.00
  • Mandatory HOA: Yes
  • Control Depth: 1
  • Fee Includes: Cable, 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: Community Pool, Manager on Premises
  • Pets W Restrictions: one 20 lb.
  • Property Group I D: 19990816212109142258000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 4898.12
  • Title: Title Ins - Buyer
  • Vehicle Storage: Assigned Parking, Covered Parking, Off Street Parking, Guest Parking
  • Vehicle Storage Cars: 1
  • Year Built: 1976
  • Alternate Key Number: 1113182
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Pool Info: In Ground, Decked, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Monthly
  • Association Info Condo Docs: Yes
  • Shutters: Accordion
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 5 Stories
  • Estimated Living Sq Ft: 981.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Unit Complex: Complex
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Built-in Cabinets, Walk-in Closet(s), Smoke Alarms, Elevator, Split Bedroom
  • Floor Number: 5.00
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Microwave, Oven, Range, Refrigerator
  • Floor: Tile
  • Windows/Doors: Sliding Glass Doors, Aluminum Windows
  • Total Bedrooms: 2
  • Accessibility Features: Accessible Elevator Installed, Wheelchair Ramp

Exterior Features

  • Dockage: None
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS, Concrete
  • Exterior Features: Chickee Hut, Outdoor Shower, Hot Tub, Gazebo
  • Roof: Concrete Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Security: Electric Gate
  • Utilities: Municipal Sewer, Elect Separate Meter, Cable Available, Buyer to Verify
  • Heating: Central, Electric

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: VE,AE,AE,VE,AE,AE,AE
  • Parcel Number: 00096770-007600
  • Land Size: 2 Less Than 5 Acres

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2023

Multi Family

  • Total Units: 84.00

Map

About Palms of Islamorda

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $4,898 $556,390 -- $556,390
2023 $4,898 $542,951 $0 $542,951
2022 $4,391 $442,153 $0 $442,153
2021 $4,128 $374,954 $0 $374,954
2020 $4,079 $368,234 $0 $368,234
2019 $3,858 $338,407 $0 $338,407
2018 $3,846 $338,407 $0 $0
2017 $3,647 $324,757 $0 $0
2016 $3,842 $324,757 $0 $0
2015 $3,129 $260,141 $0 $0
2014 $3,179 $261,785 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2025 03/26/25 Price Changed $725,000 -6.5% $739 / Sq Ft
10/05/2024 10/05/24 For Sale $775,000 +148.0% $790 / Sq Ft
04/05/2013 04/05/13 Sold $312,500 -3.8% $319 / Sq Ft
02/11/2013 02/11/13 Pending -- -- --
02/02/2013 02/02/13 For Sale $325,000 -- $331 / Sq Ft
Source: Florida Keys Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Warranty Deed $312,500 Coral Reef Title Company
Warranty Deed $157,000 --
Warranty Deed $148,000 --
Warranty Deed $135,000 --
Warranty Deed $120,000 --
Deed $81,900 --
Source: Public Records

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See All Homes in Islamorada

Source: Florida Keys Board of REALTORS®

MLS Number: 611745

Florida Keys Board of REALTORS®

APN: 00096770-007600

Florida Monroe County Islamorada 33036

79901 Overseas Hwy Unit 512, Islamorada, FL

This home is located at 79901 Overseas Hwy Unit 512, Islamorada, FL 33036 and is currently priced at $725,000, approximately $739 per square foot. This property was built in 1976. 79901 Overseas Hwy Unit 512 is a home located in Monroe County with nearby schools including Plantation Key School, Coral Shores High School, and Island Christian School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Keys Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Listing Agent
Alina Davis
Section Image
Coldwell Banker Schmitt Islamorada
(786) 971-6874