$3,900,000
SOLD APR 2, 2025

80459 Old Hwy Islamorada, FL 33036

5 Beds
4 Baths
2,358 Sq Ft
0.78 Acres

Recently Sold

$1,654 Per Sq Ft

7% Below List Price

36 Days on Market

Highlights

  • Ocean Front
  • Detached Guest House
  • Concrete Pool
  • Plantation Key School Rated A-
  • Sandy Beach
  • 1-minute walk to Founders Park

About This Home

As of April 2025

Discover Coconut Cottage, Your Tropical Paradise in Islamorada! Coconut Cottage beckons you to the quintessence tropical living in Islamorada. This oceanfront haven boasts a 90ft. Sandy Beach, a boat basin, and an inviting waterfront pool, creating an idyllic backdrop for both relaxation and adventure. The main residence, featuring 4 bedrooms and three bathrooms, exudes vintage Florida coastal comfort. The charm of the property is further enhanced by a screened-in porch, where one can savor panoramic ocean vistas and gentle sea breezes.A separate one-bedroom, one-bath guest cottage offers additional privacy and comfort, making it ideal for hosting friends and family. Constructed with durability in mind, both homes feature concrete walls and metal roofing, ensuring a sanctuary that stands the test of time.The property's lush tropical landscaping and gated entry promise a secluded retreat, fully fenced to ensure your exclusive slice of paradise remains undisturbed. Ample parking accommodates a fleet of cars, boats and trailers, while a dedicated storage shed keeps your water toys, lawn essentials and fishing gear organized.Coconut Cottage isn't just a residence; it's a lifestyle choice for those who dream of natural tropical setting. Envision your special day at this perfect wedding venue, where a 7-day rental policy aligns seamlessly with celebrations and gatherings. With a charming Boutique Hotel nearby, your guests will enjoy the convenience and luxury that this unique property affords.Discover the rare gem that is Coconut Cottage, a treasure nestled in one of Islamorada's most sought-after locations, where every day feels like a blissful escape from the ordinary! Truly a rare find!

Last Agent to Sell the Property

Jan Keller

Coldwell Banker Schmitt Islamorada License #0670883 Listed on: 01/29/2025

Coldwell Banker Schmitt Islamorada

Co-Listed By

Charlotte Porter

Coldwell Banker Schmitt Islamorada License #3026666

Last Buyer's Agent

outside of mls

Outside Of MLS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,102

Year Built

  • Built in 1960

Lot Details

  • 33,995 Sq Ft Lot
  • Ocean Front
  • Sandy Beach
  • Fenced
  • Sprinkler System
  • Fruit Trees
  • Property is zoned RE - Residential Estate

Home Design

  • Concrete Roof
  • Metal Roof

Interior Spaces

  • 2,358 Sq Ft Home
  • Blinds
  • Tile Flooring
  • Ocean Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Maid or Guest Quarters
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Impact Glass

Parking

  • 4 Parking Spaces
  • Guest Parking
  • Open Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Pool Deck

Outdoor Features

  • Screened Patio
  • Shed

Utilities

  • Ductless Heating Or Cooling System
  • Public Hookup Available For Sewer
  • Cable TV Available

Additional Features

  • Detached Guest House
  • Ground Level

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 7
  • Assessor Parcel Number 00405140-000000

Community Details

Overview

  • No Home Owners Association
  • The Key Subdivision

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,102

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Control Depth: 2
  • Fee Includes: None
  • Key Island: Upper Matecumbe Key Islamorada
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 80.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Bike Paths
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 28101.52
  • Title: Title Ins - Buyer
  • Vehicle Storage: Open Parking, Trailer Storage, Guest Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 1960
  • Alternate Key Number: 1497410
  • Building Style: Ground Level
  • Cooling Heating: Ductless
  • Lot Sq Ft: 33995.00
  • Pool Info: In Ground, Decked, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Patio, Screened Patio
  • Species List: No
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 2358.00
  • Pre Wired: Cable
  • Specialty Rooms Guest Servant Qtrs: Legal
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Security System, Split Bedroom
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Washer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 5
  • Sq Ft Remarks: includes guest cottage

Exterior Features

  • Dockage: Basin
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Fencing, Sprinkler System, Shed, Sandy Beach, Detached Guest Qtrs, Fruit Tree(s)
  • Roof: Metal Roof, Concrete Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,VE,VE,AE,X,AE,0.2
  • Parcel Number: 00405140-000000
  • Land Size: 1/2 - Less Than 1 AC
  • Acres: 0.20

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2023

Multi Family

  • Total Units: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 9, 2025
Sold by
Orlando Michael J
Bought by
Oe Keys Llc
Current Estimated Value
$3,942,319

Purchase Details

Listed on
Jan 29, 2025
Closed on
Apr 2, 2025
Sold by
Islamorada Leisure Properties Inc
Bought by
Orlando Michael J
Seller's Agent
Jan Keller
Coldwell Banker Schmitt Islamorada
Buyer's Agent
outside of mls
Outside Of MLS
List Price
$4,200,000
Sold Price
$3,900,000
Premium/Discount to List
-$300,000
-7.14%
Views
84

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.67%

Purchase Details

Closed on
Mar 31, 2023
Sold by
Islamorada Leisure Properties Inc
Bought by
Phillip J Spady Inheritors Trust and Spady Real Estate Llc

Purchase Details

Listed on
May 27, 2016
Closed on
May 5, 2017
Sold by
Mactier Ann
Bought by
Islamorada Leisure Properties Inc
Seller's Agent
Angelika Pridgen
Century 21 Circle- Islamorada
Buyer's Agent
Alexa Wheeler
Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
List Price
$2,750,000
Sold Price
$2,050,000
Premium/Discount to List
-$700,000
-25.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.17%
Original Mortgage
$2,050,000
Interest Rate
4.23%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 28, 2011
Sold by
Fry Howard M and Fry Nancy N
Bought by
Mactier Ann and Ann Mactier Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2000
Bought by
Mactier Ann Tr Amd And Restated 5/2011

Purchase Details

Closed on
Feb 21, 1996
Sold by
Bingham Reid Bingham J and Bingham Cynthia
Bought by
Lindback Carl E and Lindback Marlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 1990
Bought by
Mactier Ann Tr Amd And Restated 5/2011

Purchase Details

Closed on
Jul 1, 1989
Bought by
Mactier Ann Tr Amd And Restated 5/2011

Purchase Details

Closed on
Jul 1, 1988
Bought by
Mactier Ann Tr Amd And Restated 5/2011
Source: Public Records

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Range of Values:

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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
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed $3,900,000 Coral Reef Title
Warranty Deed $3,900,000 Coral Reef Title
Warranty Deed $2,250,000 None Listed On Document
Deed $2,050,000 Attorney
Warranty Deed $1,350,000 Attorney
Warranty Deed $125,000 --
Warranty Deed $305,000 --
Warranty Deed $350,000 --
Warranty Deed $200,000 --
Warranty Deed $386,400 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,050,000 Unknown
Previous Owner $800,000 New Conventional
Previous Owner $999,900 Unknown
Previous Owner $1,200,000 Credit Line Revolving
Previous Owner $150,000 Credit Line Revolving
Previous Owner $298,413 Unknown
Previous Owner $240,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2025 04/02/25 Sold $3,900,000 -2.5% $1,654 / Sq Ft
03/06/2025 03/06/25 Pending -- -- --
03/01/2025 03/01/25 Price Changed $3,999,000 -4.8% $1,696 / Sq Ft
01/29/2025 01/29/25 For Sale $4,200,000 +104.9% $1,781 / Sq Ft
05/05/2017 05/05/17 Sold $2,050,000 -25.5% $869 / Sq Ft
04/24/2017 04/24/17 Pending -- -- --
05/27/2016 05/27/16 For Sale $2,750,000 -- $1,166 / 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 $28,102 $4,064,994 $3,495,726 $569,268
2023 $28,102 $3,759,960 $3,217,307 $542,653
2022 $25,357 $3,225,356 $2,675,936 $549,420
2021 $21,872 $2,192,677 $1,709,204 $483,473
2020 $20,407 $2,097,590 $1,709,204 $388,386
2019 $18,589 $1,786,152 $1,391,775 $394,377
2018 $17,228 $1,659,879 $1,256,985 $402,894
2017 $15,297 $1,670,632 $0 $0
2016 $14,940 $1,563,132 $0 $0
2015 $12,519 $1,161,183 $0 $0
2014 $12,482 $1,148,694 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 613392

Florida Keys Board of REALTORS®

APN: 00405140-000000