NOT LISTED FOR SALE

81801 Overseas Hwy Unit 751 Islamorada, FL 33036

Estimated Value: $491,887

1 Bed
1 Bath
358 Sq Ft
$1,416/mo HOA Fee

Last Sold April 15, 2022

Last sale price $450,000 $1,257 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,386/month

45 Days on Market

Highlights

  • Ocean Front
  • Dock Facilities
  • Steam Room
  • Plantation Key School Rated A-
  • Beach
  • 1-minute walk to Founders Park

About This Home

As of April 2022

Own a part of the world famous and historic Cheeca Lodge in the ''Heart of Islamorada''--a favorite destination for families, celebrities, US Presidents and dignitaries alike for over 70 years located on the island that ''you never need to leave.'' Offered with an exceptional rental income and turn-key, this beautiful unit comes fully furnished and professionally decorated for the perfect way to immerse yourself into the unique lifestyle of the Florida Keys. Sit on the open porch and listen to the waterfall as the tropical breezes carry your worries away as Cheeca Lodge handles all of the marketing, reservations, rentals and housekeeping for you! Reward yourself while enjoying the outstanding amenities of this iconic resort including 5-star dining, a world class spa, boutique, multiple pools and hot tubs, a gorgeous sandy beach, two tiki bars, dockage, a Jack Nicklaus 9-hole par 3 golf course, tennis & pickleball courts, the fitness center, water sports and lush tropical gardens that adorn the resort grounds. All of this while being within walking distance to the best sunset venues in the Florida Keys and everything Islamorada is famous for--the arts district, art galleries, local boutiques, breweries, markets, cafes and fine dining restaurants. Plus there's Camp Cheeca for the the little ones to give the parents some well deserved rest and relaxation. Rental history available upon request.

Last Agent to Sell the Property

Eric Rizzo

Ocean Sotheby's International Realty License #3347022 Listed on: 01/25/2022

Ocean Sotheby's International Realty

Last Buyer's Agent

David Adams

Adams, Cameron & Co., Realtors License #3357255

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,503

Year Built

  • Built in 1988 | Remodeled

Lot Details

  • Ocean Front
  • Sandy Beach

HOA Fees

  • $1,416 Monthly HOA Fees

Home Design

  • Condo Hotel
  • Entry on the 2nd floor

Interior Spaces

  • 358 Sq Ft Home
  • Furnished
  • Bar
  • Ceiling Fan
  • Blinds
  • Steam Room
  • Granite Countertops
  • Home Gym
  • Monitored

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • Garage
  • Guest Parking
  • Open Parking

Accessible Home Design

  • Accessible Elevator Installed
  • Handicap Accessible

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Spa

Outdoor Features

  • Dock Facilities
  • Dock made with wood
  • Screened Patio
  • Outdoor Water Feature
  • Exterior Lighting
  • Tiki or Chickee Hut

Utilities

  • Central Air
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Minimum Rental Period: 1
  • Assessor Parcel Number 00401340-000751

Community Details

Overview

  • Association fees include bldg exterior mnt, security, water, sewer, exterminating, common area mnt, cable, building insurance
  • Strattons Subdivision
  • The community has rules related to deed restrictions

Amenities

  • Lobby

Recreation

  • Beach
  • Tennis Courts
  • Community Pool
  • Community Spa
  • Bike Trail

Pet Policy

  • Pet Restriction: YES

Security

  • Gated with Attendant
  • Resident Manager or Management On Site
  • Impact Glass
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,503

Year Built

Built in 1988 | Remodeled

Lot Details

0

HOA Fees

$1,416 per month

Listing Details

  • Property Type: Residential
  • Style: Condotel
  • Additional Assessor Parcel Number 1: 00401340-000751
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Fee: 1416.24
  • Mandatory HOA: Yes
  • Control Depth: 4
  • Dockage Dock: Wood
  • Document Count: 8
  • Fee Includes: Bldg Exterior Mnt, Security, Water, Sewer, Other, Exterminating, Common Area Mnt, Cable, Building Insurance
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: Yes
  • Key Island: Upper Matecumbe Key Islamorada
  • Limited Representation: Yes
  • Marathon Neighborhood: N/A
  • Mile Marker: 82.50
  • Min Rental Days: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Beach, Manager on Premises, Tennis Courts, Spa, Community Pool, Bike Paths
  • Off Shore Island: No
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 2502.88
  • Title: Title Ins - Buyer
  • Vehicle Storage: Covered Parking, Open Parking, Garage, Guest Parking
  • Year Built: 1988
  • Alternate Key Number: 9079756
  • Cooling Heating: Ceiling Fans(s), Heat, Central Air
  • Pool Info: Concrete, In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Screened Patio
  • Association Maintenance Fee Per: Monthly
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 358.00
  • Pre Wired: Cable
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Smoke Alarms, Window Treatments, Granite Counter Top, Lobby, Fire Sprinkler, Elevator
  • Floor Number: 2.00
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Refrigerator
  • Floor: Carpet, Marble, Combo
  • Specialty Rooms: Gym, Sauna/Steam Room
  • Windows/Doors: Impact Rstnce Doors, Impact Rstnce Window
  • Total Bedrooms: 1
  • Accessibility Features: Accessible, Accessible Elevator Installed
  • Sq Ft Remarks: Tax Records

Exterior Features

  • Dockage: Dock Privileges
  • Waterfront: Oceanfront, Open Water
  • Waterfront: No
  • Construction: CBS
  • Exterior Features: Bar, Sandy Beach, Water Display, Tennis Court(s), Lighting, Hot Tub, Chickee Hut
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Security: Manned Gate, Patrolled Area
  • Utilities: Cable Available, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: Yes
  • Flood Zone: AE,AE
  • Parcel Number: 00401340-000751
  • Land Size: 5 Less Than 10 Acres

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 21, 2005
Sold by
Cheeca Holdings Llc
Bought by
Williams Thomas H and Michele Williams M
Current Estimated Value
$491,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Outstanding Balance
$181,598
Interest Rate
6.75%
Mortgage Type
Fannie Mae Freddie Mac
Estimated Equity
$294,877
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
Williams Thomas H $395,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Thomas H $316,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2022 04/15/22 Sold $450,000 -0.4% $1,257 / Sq Ft
03/11/2022 03/11/22 Pending -- -- --
01/25/2022 01/25/22 For Sale $452,000 -- $1,263 / 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 $3,730 $451,853 -- $451,853
2023 $3,730 $382,083 $0 $382,083
2022 $2,751 $303,530 $0 $303,530
2021 $2,503 $233,040 $0 $233,040
2020 $2,513 $233,040 $0 $233,040
2019 $3,080 $285,903 $0 $285,903
2018 $3,072 $286,040 $0 $0
2017 $2,869 $286,040 $0 $0
2016 $2,852 $281,307 $0 $0
2015 $2,586 $258,402 $0 $0
2014 $2,266 $197,503 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 599323

Florida Keys Board of REALTORS®

APN: 00401340-000751