$2,850,000
$350K PRICE INCREASE

81250 Overseas Hwy Unit 5 Islamorada, FL 33036

Estimated payment $18,894/month

Total Views 33,724
4 Beds
3 Baths
2,336 Sq Ft
$1,220 Price per Sq Ft

Highlights

  • Popular Property
  • Boat Dock
  • Sandy Beach
  • Plantation Key School Rated A-
  • Beach
  • 1-minute walk to Lignumvitae Key Botanical State Park

About This Home

Only sophistication and class represented in Islamorada's most exclusive development, Tarpon Flats. This rare offering has underwent a full high-end renovation to satisfy the most distinguished buyer. The elegant paver driveway leads up to pristine grounds showing off it's manicured landscaping. One of only 12 luxury bayfront homes on a sprawling four-acre parcel. The property exudes a unique charm blending Old Florida allure with the timeless essence of Nantucket. Covered parking and a versatile multi-purpose room on the ground floor with a foyer entry. On the second floor you will find an open living space with the kitchen & dining room overlooking the bay, 2 bedrooms/2 bathrooms, and serene positioning for nightly sunsets. The third floor is dedicated to the master suite and maid's quarters with more amazing views from the private balcony. If amenities are what you're after, Tarpon Flats delivers on all fronts: a beautiful tennis court with covered seating for spectators, a rare greenhouse to nurture your beloved plants, a waterfront pool & gazebo leading down to the beachfront, and plenty of dockage for your skiff. Come see the exclusivity of Tarpon Flats for yourself.

Listing Agent

AJ Vetter

Palm House Real Estate License #3296730 Listed on: 07/31/2025

Co-Listing Agent

Drew Moret

Palm House Real Estate License #3463076

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,920

Year Built

  • Built in 1985

Lot Details

  • 3.83 Acre Lot
  • Property Fronts a Bay or Harbor
  • Sandy Beach
  • Property is zoned MF - Multi-Family Attached

HOA Fees

  • $2,683 Monthly HOA Fees

Home Design

  • Metal Roof

Interior Spaces

  • 2,336 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Furnished
  • Blinds
  • Entrance Foyer
  • Workshop
  • Gulf Views
  • Impact Glass

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Quartz Countertops
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Carport
  • Electric Gate
  • Guest Parking
  • Off-Street Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool

Outdoor Features

  • First Come-First Served Dock
  • Tennis Courts
  • Balcony
  • Gazebo

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Assessor Parcel Number 00404641-000500

Community Details

Overview

  • Association fees include bldg exterior mnt, common area mnt, building insurance
  • Tarpon Flats Subdivision
  • Rental Restrictions

Recreation

  • Boat Dock
  • Beach
  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,920

Year Built

Built in 1985

Lot Details

0

HOA Fees

$2,683 per month

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: Yes
  • Association Fee: 8050.00
  • Mandatory HOA: Yes
  • Control Depth: 3
  • Dockage Dock Length: 150
  • Fee Includes: Bldg Exterior Mnt, Common Area Mnt, Building Insurance
  • Key Island: Upper Matecumbe Key Islamorada
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 81.50
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool, Beach, Tennis Courts, Community Dockage
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 13920.20
  • Vehicle Storage: Carport, Covered Parking, Off Street Parking, Guest Parking
  • Year Built: 1985
  • Alternate Key Number: 8689969
  • Cooling Heating: Central Air
  • Lot Sq Ft: 167000.00
  • Pool Info: In Ground, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Quarterly
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 3 Stories
  • Estimated Living Sq Ft: 2336.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Quartz Countertops, Walk-in Closet(s), Built-in Cabinets, Entrance Foyer, Pantry, Wet Bar
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Washer, Stainless Steel Appliance(s), Gas Appliances, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Laminate
  • Specialty Rooms: Workshop
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 4

Exterior Features

  • Dockage: First Come Dock
  • Waterfront: Bay Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Gazebo, Tennis Court(s), Sandy Beach
  • Roof: Metal Roof
  • Waterview: Bay/Gulf View
  • Pool: Yes

Utilities

  • Security: Electric Gate
  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE,0.2 PCT ANNUAL
  • Parcel Number: 00404641-000500
  • Land Size: 2 Less Than 5 Acres

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2024

Map

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 $13,089 $1,521,695 $1,015,410 $506,285
2023 $13,089 $1,407,574 $923,100 $484,474
2022 $12,210 $1,314,128 $824,500 $489,628
2021 $11,261 $1,066,560 $637,500 $429,060
2020 $12,556 $1,195,842 $775,000 $420,842
2019 $13,676 $1,285,416 $860,000 $425,416
2018 $13,265 $1,251,065 $860,000 $391,065
2017 $13,040 $1,255,721 $0 $0
2016 $13,853 $1,261,347 $0 $0
2015 $11,294 $1,105,117 $0 $0
2014 $10,070 $901,092 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2025 08/14/25 Price Changed $2,850,000 +14.0% $1,220 / Sq Ft
07/31/2025 07/31/25 For Sale $2,500,000 +66.7% $1,070 / Sq Ft
10/30/2015 10/30/15 Sold $1,500,000 -6.3% $724 / Sq Ft
08/25/2015 08/25/15 Pending -- -- --
05/20/2015 05/20/15 For Sale $1,600,000 -- $772 / Sq Ft
Source: Florida Keys Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,500,000 Attorney
Warranty Deed $325,000 --
Source: Public Records

Source: Florida Keys Board of REALTORS®

MLS Number: 615996

Florida Keys Board of REALTORS®

APN: 00404641-000500