NOT LISTED FOR SALE

81801 Overseas Hwy Unit 722 Islamorada, FL 33036

Estimated Value: $700,467

1 Bed
1 Bath
550 Sq Ft
$2,716/mo HOA Fee

Last Sold January 31, 2024

Last sale price $710,000 $1,291 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $6,865/month

91 Days on Market

Highlights

  • Concierge
  • Water Views
  • Golf Course Community
  • Plantation Key School Rated A-
  • Boat Dock
  • 1-minute walk to Founders Park

About This Home

As of January 2024

Exquisite and historic Cheeca Lodge is located in the heart of Islamorada, the fishing capital of the world. Exceptional income producing property with onsite management allows for adaptive and immediate resort ownership. Stay, play, and earn is the combination that makes this tropical paradise an ideal investment. Lush vegetation frames the pool and tennis court view for unit #722, giving a tree-house feel. With 550 sq ft of spacious living, this luxury hideaway is a true home away from home. Embrace refined living in this suite, hosting a separate living area, kitchen and bathroom. The airy living room, with pull-out couch and extra seating, is made even more spacious with the charming balcony designed for alfresco dining. Dream island-style in the king size bedroom and delight in the full-size soaking bathtub. The private dressing area is the final touch to this enlightened space. The full kitchen boasts a refrigerator, range, microwave, and dishwasher. The time honored resort offering 5-star dining, 2 tiki bars, full-service spa, 3 pools, ocean front beach, 550-ft pier, par-3 nine-hole golf course, tennis courts, fitness center, and watersports.

Last Agent to Sell the Property

Jeff Piipponen

Coldwell Banker Schmitt RE CO License #249511461 Listed on: 10/31/2023

Coldwell Banker Schmitt RE CO

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,687

Year Built

  • Built in 1988

Lot Details

  • Home fronts navigable water
  • Southwest Facing Home
  • Fenced

HOA Fees

  • $2,716 Monthly HOA Fees

Property Views

  • Water
  • Tennis Court

Home Design

  • Contemporary Architecture
  • Rolled or Hot Mop Roof
  • Stone Siding

Interior Spaces

  • 550 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Built-In Features
  • Bar
  • Ceiling Fan
  • Open Floorplan
  • Formal Dining Room
  • Tile Flooring

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Breakfast Bar
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • Closet Cabinetry
  • 1 Full Bathroom
  • Bathtub
  • Separate Shower

Home Security

  • Burglar Security System
  • Security Gate

Parking

  • 1 Attached Carport Space
  • Electric Vehicle Home Charger
  • Assigned Parking

Pool

  • Heated Pool and Spa
  • Concrete Pool
  • Heated Lap Pool
  • Heated In Ground Pool
  • In Ground Spa

Outdoor Features

  • Balcony
  • Courtyard
  • Patio
  • Outdoor Water Feature

Schools

  • Plantation Key Elementary And Middle School
  • Coral Shores Highschool School

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 9079638

Community Details

Overview

  • Association fees include management, cable TV, golf, insurance, internet, irrigation water, legal/accounting, ground maintenance, pest control, recreation facilities, reserve fund, sewer, security, trash, water
  • 214 Units
  • Private Membership Available
  • Association Phone (305) 664-4651
  • Low-Rise Condominium
  • Acreage Subdivision

Amenities

  • Concierge
  • Doorman
  • Shops
  • Restaurant
  • Sauna
  • Clubhouse
  • Business Center
  • Guest Suites
  • Elevator
  • Secure Lobby
  • Bike Room
  • Community Storage Space

Recreation

  • Boat Dock
  • Pier or Dock
  • Golf Course Community
  • Tennis Courts
  • Fitness Center
  • Community Cabanas
  • Community Pool
  • Community Spa
  • Putting Green
  • Trails

Security

  • Gated with Attendant
  • Card or Code Access
  • Impact Glass
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,687

Year Built

Built in 1988

Lot Details

0

HOA Fees

$2,716 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Ownership: Condo
  • Subdivision Name: ACREAGE
  • Architectural Style: Contemporary, Other, Low Rise
  • Carport Y N: Yes
  • Entry Level: 3
  • Garage Yn: No
  • Structure Type: Low Rise
  • Year Built: 1988
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour

Interior Features

  • Furnished: Furnished
  • Spa Features: Indoor Hot Tub, In Ground
  • Private Spa: Yes
  • Appliances: Dishwasher, Freezer, Disposal, Microwave, Range, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Tile
  • Interior Amenities: Breakfast Bar, Built-in Features, Breakfast Area, Bathtub, Closet Cabinetry, Separate/Formal Dining Room, Eat-in Kitchen, Family/Dining Room, Living/Dining Room, Other, Separate Shower, Cable TV, Bar, High Speed Internet
  • Living Area: 550.0
  • Stories: 3
  • Window Features: Impact Glass
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Pool Features: Concrete, Electric Heat, Heated, In Ground, Lap, Community, Pool/Spa Combo
  • Pool Private: Yes
  • View: Tennis Court, Water
  • View: Yes
  • Waterfront Features: Navigable Water
  • Waterfront: Yes
  • Disclosures: Seller Disclosure
  • Construction Type: Block, Concrete, Stone
  • Direction Faces: Southwest
  • Exterior Features: Courtyard, Other, Patio, Tennis Court(s), Water Feature
  • Patio And Porch Features: Balcony, Patio
  • Property Condition: Resale
  • Roof: Rolled/Hot Mop

Garage/Parking

  • Carport Spaces: 1.0
  • Covered Parking Spaces: 1.0
  • Parking Features: Assigned, Covered, One Space, Attached Carport, Electric Vehicle Charging Station(s)

Utilities

  • Security: Burglar Alarm (Monitored), Security System, Door Man, Fenced, Security Gate, Gated with Guard, Gated Community, Key Card Entry, Lobby Secured, Security Guard, Fire Sprinkler System
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Assessment Paid
  • Water Source: Assessment Paid

Condo/Co-op/Association

  • Community Features: Boat Facilities, Condo Hotel Community, Elevator, Gated, Near Hotel/Motel, Shopping
  • Amenities: Beach Rights, Bike Storage, Business Center, Cabana, Clubhouse, Fitness Center, Golf Course, Guest Suites, Pier, Private Membership, Pool, Putting Green(s), Restaurant, Sauna, Spa/Hot Tub, Storage, Tennis Court(s), Trail(s), Concierge
  • Association Fee: 2716.0
  • Association Fee Frequency: Monthly
  • Phone: 305-664-4651
  • Association: Yes
  • Pets Allowed: No
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Association Management, Cable TV, Golf, Insurance, Internet, Irrigation Water, Legal/Accounting, Maintenance Grounds, Pest Control, Recreation Facilities, Reserve Fund, Sewer, Security, Trash, Water

Schools

  • Elementary School: Plantation Key School
  • High School: Coral Shores Highschool
  • Middle Or Junior School: Plantation Key School

Lot Info

  • Parcel #: 9079638
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 214

Tax Info

  • Tax Annual Amount: 3687.04
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2023
Closed on
Jan 31, 2024
Sold by
Grella Mary
Bought by
Alice F Paylor Revocable Trust and Paylor
Seller's Agent
Jeff Piipponen
Coldwell Banker Schmitt RE CO
List Price
$710,000
Sold Price
$710,000
Views
116
Current Estimated Value
$700,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,533
Avg. Annual Appreciation
-0.85%

Purchase Details

Closed on
Apr 11, 2005
Sold by
Cheeca Holdings Llc
Bought by
Grella Keith and Grella Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,500
Interest Rate
6.12%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Alice F Paylor Revocable Trust $710,000 None Listed On Document
Grella Keith $710,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Grella Keith $532,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2024 01/31/24 Sold $710,000 0.0% $1,291 / Sq Ft
10/31/2023 10/31/23 For Sale $710,000 -- $1,291 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

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 $3,998 $561,920 -- $561,920
2023 $3,998 $390,056 $0 $390,056
2022 $3,687 $345,704 $0 $345,704
2021 $3,385 $298,074 $0 $298,074
2020 $3,397 $298,074 $0 $298,074
2019 $3,501 $302,652 $0 $302,652
2018 $3,462 $299,649 $0 $0
2017 $3,401 $299,649 $0 $0
2016 $3,529 $294,528 $0 $0
2015 $3,829 $330,261 $0 $0
2014 $3,829 $326,264 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeff Piipponen

    Seller's Agent in 2024

    Jeff Piipponen

    Coldwell Banker Schmitt RE CO

    (239) 572-1077

    2 in this area

    6 Total Sales

    Jeff Piipponen
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 223080514

Florida Gulf Coast Multiple Listing Service

APN: 00401340-000722

Florida Monroe County Islamorada 33036

81801 Overseas Hwy Unit 722, Islamorada, FL

This home is located at 81801 Overseas Hwy Unit 722, Islamorada, FL 33036 since 31 October 2023 and is currently estimated at $700,467, approximately $1,273 per square foot. This property was built in 1988. 81801 Overseas Hwy Unit 722 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 Gulf Coast Multiple Listing Service The information is being provided by Southwest Florida Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Southwest Florida Multiple Listing Service. All Rights Reserved

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