$1,500,000
SOLD OCT 30, 2015

81250 Overseas Hwy Unit 5 Islamorada, FL 33036

3 Beds
3 Baths
2,072 Sq Ft
$8,333/mo HOA Fee

Recently Sold

$724 Per Sq Ft

6% Below List Price

97 Days on Market

Highlights

  • Dock Facilities
  • Property Fronts a Bay or Harbor
  • Gulf View
  • Plantation Key School Rated A-
  • Concrete Pool
  • 1-minute walk to Lignumvitae Key Botanical State Park

About This Home

As of October 2015

Exclusive Tarpon Flats located in the heart of Islamorada: Totally remodeled kitchen with marble farmhouse sink, sub zero refrigerator, refrigerator drawers, wine cooler, opens to living and dining area. Two bedrooms with redone en suite baths are also on main level. Third floor has been reconfigured to include master w/ walk in closet and additional 4th bedroom. On parking level they added

Last Agent to Sell the Property

Sue Moret

Century 21 Prestige Realty Grp, Tavernier Listed on: 05/20/2015

Last Buyer's Agent

Mabel Vasniles

Caribee Prop Of The Fl Keys

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $10,070

Year Built

  • Built in 1985

Lot Details

  • Property Fronts a Bay or Harbor
  • Fenced
  • Sprinkler System
  • Fruit Trees

HOA Fees

  • $8,333 Monthly HOA Fees

Home Design

  • Metal Roof

Interior Spaces

  • 2,072 Sq Ft Home
  • Bar
  • Blinds
  • Sliding Doors
  • Gulf Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Covered Parking
  • Electric Gate
  • Guest Parking

Pool

  • Concrete Pool
  • In Ground Pool
  • Spa

Outdoor Features

  • First Come-First Served Dock
  • Dock Facilities
  • Screened Balcony
  • Tiki or Chickee Hut

Utilities

  • Central Air
  • Cable TV Available

Community Details

Overview

  • $3,000 Maintenance Fee
  • Association fees include bldg exterior mnt, sewer, exterminating, common area mnt
  • 12 Units
  • Bay Colony Villas Subdivision
  • Rental Restrictions

Pet Policy

  • Pets Allowed

Security

  • Complete Accordion Shutters
  • Impact Glass
  • Fire and Smoke Detector

Recreation

  • Tennis Courts

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$10,070

Year Built

Built in 1985

Lot Details

0

HOA Fees

$8,333 per month

Listing Details

  • Property Type: Residential
  • Style: Townhouse
  • As Is Right To Inspect: Yes
  • Association Approval Required: Yes
  • Association Fee: 25000.00
  • Maintenance Fee: 3000.00
  • Mandatory HOA: Yes
  • Control Depth: 3
  • Fee Includes: Bldg Exterior Mnt, Sewer, Exterminating, Common Area Mnt
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Upper Matecumbe Key Islamorada
  • Limited Representation: No
  • Mile Marker: 81.50
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 10070.48
  • Title: Title Ins - Buyer
  • Vehicle Storage: Covered Parking, Guest Parking
  • Year Built: 1985
  • Alternate Key Number: 8689969
  • Building Style: Townhouse
  • Cooling Heating: Central Air
  • Pool Info: Concrete, In Ground
  • Porch Balcony: Screened P/B
  • Association Maintenance Fee Per: Quarterly
  • Shutters: Accordion
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 2072.00
  • Pre Wired: Cable
  • Sewer Hook Up: No
  • Unit Complex: Complex
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Bar, Walk-in Closet(s), Smoke Alarms, Granite Counter Top, Drapes/Blinds Incl
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Washer, Wine Cooler, Stainless Steel Appliance(s), Microwave, Refrigerator, Range, Dryer, Disposal
  • Floor: Carpet, Tile
  • Windows/Doors: Glass Doors, Impact Rstnce Doors
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Dock Privileges, First Come Dock
  • Waterfront: Bay Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Chickee Hut, Tennis Court(s), Sprinkler System, Fencing, Hot Tub, Fruit Tree(s)
  • Roof: Metal Roof
  • Waterview: Bay/Gulf View
  • Pool: Yes

Utilities

  • Security: Electric Gate
  • Utilities: FKAA, Individual Swr Plant

Lot Info

  • Deed Restrictions: Unknown
  • Land Size: 5 Less Than 10 Acres

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2014

Multi Family

  • Total Units: 12.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2015
Closed on
Oct 26, 2015
Sold by
Arete Sport Fishing Club Llc
Bought by
Tarpon Flats 5 Llc
Seller's Agent
Sue Moret
Century 21 Prestige Realty Grp, Tavernier
Buyer's Agent
Mabel Vasniles
Caribee Prop Of The Fl Keys
List Price
$1,600,000
Sold Price
$1,500,000
Premium/Discount to List
-$100,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.46%

Purchase Details

Closed on
Feb 11, 1998
Sold by
Bay Colony Associates
Bought by
Eshelman Peter T and Eshelman Timothy J
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed $1,500,000 Attorney
Warranty Deed $325,000 --
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®

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 $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

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 567558

Florida Keys Board of REALTORS®

APN: 00404641-000500