$5,990,000
NEW CONSTRUCTION

82779 Old Hwy Unit 21 Islamorada, FL 33036

Estimated payment $36,873/month

Total Views 10,143
4 Beds
4.5 Baths
2,574 Sq Ft
$2,327 Price per Sq Ft

Highlights

  • Ocean Front
  • Sandy Beach
  • New Construction
  • Plantation Key School Rated A-
  • Tennis Courts
  • 1-minute walk to Founders Park

About This Home

Welcome to The Islands of Islamorada, a private gated enclave of coastal luxury. Our exquisite waterfront residences feature four bedrooms and four and one-half bathrooms, designed for your comfort. Each three-floor villa offers 3,137 square feet of interior space and 930 square feet of outdoor living, showcasing contemporary island architecture. Three king-sized bedrooms have en-suite bathrooms, while the fourth is a charming bunk room, perfect for family gatherings.Enjoy a state-of-the-art kitchen that flows into open-concept dining and living areas. Additional features include a powder room, ample closet space, two oceanfront balconies, and a two-car garage with electric charging. Experience maintenance-free living with potential for passive income in a safe, gated environment.The Islands of Islamorada enhances your lifestyle with 615 feet of pristine swimming beach and a private boat basin. Relax at two oceanfront pools, enjoy the oceanfront bar, or play pickleball. Golf enthusiasts can practice at the unique driving range extending into the ocean. Surrounded by lush landscaping, the community offers a variety of water activities to immerse you in the Keys lifestyle.These villas can also participate in a vacation rental program, providing a lucrative investment opportunity with a five-star hotel management company. With a dedicated concierge on-site, every desire can be fulfilled--from seaplane flights to gourmet dinners in South Beach. Discover unparalleled coastal elegance at The Islands of Islamorada, where every moment is a celebration of paradise.

Listing Agent

Richard Lemon

Serhant Florida LLC - Delray Beach Office License #3426739 Listed on: 04/09/2025

Serhant Florida LLC - Delray Beach Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $59,500

Year Built

  • Built in 2020 | New Construction

Lot Details

  • Ocean Front
  • Sandy Beach
  • Property is zoned TC - Tourist Commercial

Parking

  • Attached Garage

Interior Spaces

  • 2,574 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Bar
  • Ocean Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Saltwater Pool

Outdoor Features

  • First Come-First Served Dock
  • Tennis Courts
  • Exterior Lighting
  • Tiki or Chickee Hut

Utilities

  • Public Hookup Available For Sewer

Community Details

  • Property has a Home Owners Association
  • Association fees include common area mnt, security
  • Russell Estates Subdivision
  • Rental Restrictions

Home Details

Home Type

Single Family

Est. Annual Taxes

$59,500

Year Built

Built in 2020 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Association Fee: 4309.00
  • Mandatory HOA: Yes
  • Control Depth: 2
  • Fee Includes: Common Area Mnt, Other, Security
  • Key Island: Upper Matecumbe Key Islamorada
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 83.20
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 59500.00
  • Vehicle Storage: Garage, Attached
  • Year Built: 2020
  • Alternate Key Number: 9105359
  • Pool Info: In Ground, Salt Water
  • Tax Exemptions: None
  • Building Style Above Flood: No
  • Building Style Stories: 3 Stories
  • Estimated Living Sq Ft: 2574.00
  • Property Condition: New Construction
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Total Bathrooms: 5.00
  • Full Bathrooms: 4
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Sq Ft Remarks: Garage 430 sq ft enclosed Exterior living area 930 sq ft

Exterior Features

  • Dockage: First Come Dock
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Bar, Tennis Court(s), Sandy Beach, Lighting, Chickee Hut
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Utilities: Municipal Sewer

Lot Info

  • Deed Restrictions: No
  • Land Size: 1/4 - 1/2 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2023

Multi Family

  • Total Units: 22.00

Map

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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 $185,185 $21,490,143 $5,151,596 $16,338,547
2023 $185,185 $20,391,644 $4,829,842 $15,561,802
2022 $188,782 $20,580,193 $4,829,842 $15,750,351
2021 $197,691 $20,542,540 $4,829,842 $15,712,698
2020 $26,386 $6,628,398 $4,592,627 $2,035,771
2019 $22,769 $5,639,457 $4,807,460 $831,997
2018 $5,294 $538,733 $527,778 $10,955
2017 $3,139 $617,903 $0 $0
2016 $2,308 $289,910 $0 $0
2015 $2,192 $289,015 $0 $0
2014 $2,136 $288,623 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2025 04/09/25 For Sale $5,990,000 -- $2,327 / Sq Ft
Source: Florida Keys Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- Reef Title
Warranty Deed $72,000,000 Reef Title
Warranty Deed -- Trident Title
Interfamily Deed Transfer -- Attorney
Warranty Deed $3,900,000 Florida Title Of The Keys
Warranty Deed $300,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $15,000,000 No Value Available
Open $37,500,000 Seller Take Back
Source: Public Records

Source: Florida Keys Board of REALTORS®

MLS Number: 614559

Florida Keys Board of REALTORS®

APN: 00404340-000000