NOT LISTED FOR SALE

83080 Overseas Hwy Islamorada, FL 33036

Estimated Value: $3,542,000 - $9,864,673

5 Beds
5.5 Baths
4,503 Sq Ft
$1,707/Sq Ft Est. Value

Last Sold May 31, 2019

Last sale price $5,000,000 $1,110 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $44,085/month

368 Days on Market

Highlights

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

About This Home

As of May 2019

Picroc Ali, also known as The Historic Russell Estate, boasts 7.69 luscious acres of some of the most beautiful land the Florida Keys has to offer. Situated on the Florida Bay, this lovely estate offers 600' of private canal frontage with protected dockage, an elegant pool & spa and private gated entry with long winding driveway. One can enjoy gorgeous sunsets year-round at this supreme location. With over 4,500 square feet of living, this 5B/5.5B home is constructed of CBS block with a concrete roof. The layout of this well-thought-out residence affords full privacy in the master suite and all of the guest suites. The elevator and 4 enclosed garage bays are centrally and conveniently located.

Last Agent to Sell the Property

Kelly Shaw Pa

American Caribbean Real Estate, Christie's International Real Estate License #0583328 Listed on: 04/16/2018

Co-Listed By

Trent Shaw

American Caribbean Real Estate, Christie's International Real Estate License #3265326

Last Buyer's Agent

Eric Johnson

Century 21 Circle- Islamorada License #0583430

Century 21 Circle- Islamorada

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,929

Year Built

  • Built in 1978

Lot Details

  • 7.69 Acre Lot
  • Property Fronts a Bay or Harbor
  • Sprinkler System
  • Fruit Trees
  • Property is zoned NR - Native Residential

Home Design

  • Concrete Roof

Interior Spaces

  • 4,503 Sq Ft Home
  • Elevator
  • Ceiling Fan
  • Blinds
  • Storage
  • Gulf Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Built-In or Custom Kitchen Cabinets

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Automatic Garage Door Opener
  • Electric Gate
  • Guest Parking
  • Off-Street Parking
  • RV or Boat Parking

Accessible Home Design

  • Handicap Accessible

Pool

  • Concrete Pool
  • In Ground Pool
  • Pool Deck
  • Outdoor Shower

Outdoor Features

  • Seawall
  • Balcony
  • Screened Patio
  • Exterior Lighting
  • Shed

Utilities

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

Community Details

  • No Home Owners Association
  • Russell Estates Subdivision
  • Rental Restrictions
  • RV Parking in Community

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00094660-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,929

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • Additional Assessor Parcel Number 1: 3 Parcels of Land
  • Additional Assessor Parcel Number 2: 1 RE# for Taxes
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Dockage Seawall: Cut/Natural
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: Yes
  • Key Island: Upper Matecumbe Key Islamorada
  • Limited Representation: No
  • Mile Marker: 83.20
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 14928.83
  • Title: Title Ins - Buyer
  • Vehicle Storage: Auto Door Opener, Off Street Parking, Trailer Storage, RV Parking Open, Guest Parking, Garage, Covered Parking
  • Year Built: 1978
  • Alternate Key Number: 1109894
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 334976.00
  • Pool Info: Concrete, In Ground, Decked
  • Porch Balcony: Open Porch/Balcony, Screened Patio, Patio
  • Shutters: Other
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 4503.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Built-in Cabinets, Storage, Walk-in Closet(s), Drapes/Blinds Incl, Elevator
  • Total Bathrooms: 5.10
  • Full Bathrooms: 5
  • Appliances: Dishwasher, Washer, Oven, Refrigerator, Range, Microwave, Dryer
  • Floor: Carpet, Tile, Other
  • Half Bathrooms: 1
  • Total Bedrooms: 5

Exterior Features

  • Waterfront: Bay Front, Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Fruit Tree(s), Shed, Storage, Sprinkler System, Outdoor Shower, Lighting
  • Roof: Concrete Roof
  • Waterview: Bay/Gulf View, Open Water View
  • Pool: Yes

Utilities

  • Security: Electric Gate
  • Utilities: Buyer to Verify, Propane, FKAA, Municipal Sewer, Cistern, Cable Available

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE,VE,AE
  • Parcel Number: 00094660-000000
  • Land Size: 5 Less Than 10 Acres
  • Acres: 7.69

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2018
Closed on
Jun 4, 2019
Sold by
Blair Margaret H
Bought by
Moore Thomas H and Moore Lara E
Seller's Agent
Kelly Shaw Pa
American Caribbean Real Estate, Christie's International Real Estate
Buyer's Agent
Eric Johnson
Century 21 Circle- Islamorada
List Price
$8,000,000
Sold Price
$5,000,000
Premium/Discount to List
-$3,000,000
-37.5%
Current Estimated Value
$7,685,558

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,685,558
Avg. Annual Appreciation
6.94%

Purchase Details

Listed on
Apr 16, 2018
Closed on
May 31, 2019
Sold by
Blair Lori Headley
Bought by
Moore Thomas H and Moore Lara E
Seller's Agent
Kelly Shaw Pa
American Caribbean Real Estate, Christie's International Real Estate
Buyer's Agent
Eric Johnson
Century 21 Circle- Islamorada
List Price
$8,000,000
Sold Price
$5,000,000
Premium/Discount to List
-$3,000,000
-37.5%

Purchase Details

Closed on
May 26, 2017
Sold by
Narbecki Sara R
Bought by
Narbecki David and Narbecki Sara R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
3.95%

Purchase Details

Closed on
Dec 5, 2007
Sold by
Blair Margaret H
Bought by
Blair Margaret H

Purchase Details

Closed on
May 5, 2004
Sold by
Blair Margaret H
Bought by
Blair Margaret H and The Margaret H Blair Trust

Purchase Details

Closed on
Mar 31, 2004
Sold by
Blair Margaret H
Bought by
Blair Margaret H

Purchase Details

Closed on
May 9, 2000
Sold by
Russell Floyd C and Russell Melisa J
Bought by
Blair Margaret H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,875,000
Interest Rate
8.23%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Moore Thomas H $5,000,000 Absolute First Title
Moore Thomas H -- Absolute First Title Llc
Narbecki David $100 --
Blair Margaret H -- None Available
Blair Margaret H -- --
Blair Margaret H -- --
Blair Margaret H $1,400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Blair Margaret H --
Previous Owner Blair Margaret H $280,000
Previous Owner Blair Margaret H $1,300,000
Previous Owner Blair Margaret H $1,875,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2019 05/31/19 Sold $5,000,000 -37.5% $1,110 / Sq Ft
04/19/2019 04/19/19 Pending -- -- --
04/16/2018 04/16/18 For Sale $8,000,000 -- $1,777 / 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 $45,337 $5,072,461 $4,772,352 $300,109
2023 $45,337 $4,926,922 $4,600,163 $326,759
2022 $41,172 $4,264,140 $3,932,510 $331,630
2021 $44,391 $4,406,250 $3,292,044 $1,114,206
2020 $41,865 $4,125,469 $2,998,439 $1,127,030
2019 $33,489 $3,193,240 $2,166,171 $1,027,069
2018 $17,507 $1,625,554 $0 $0
2017 $16,834 $1,592,120 $0 $0
2016 $17,685 $1,559,374 $0 $0
2015 $17,271 $1,548,534 $0 $0
2014 $17,280 $1,536,244 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2019

    Kelly Shaw Pa

    American Caribbean Real Estate, Christie's International Real Estate

    (305) 664-7303

    38 in this area

    45 Total Sales

    Kelly Shaw Pa
    Section Image

  • T

    Seller Co-Listing Agent in 2019

    Trent Shaw

    American Caribbean Real Estate, Christie's International Real Estate

    (305) 664-7344

    22 in this area

    27 Total Sales

    Trent Shaw
    Section Image
  • Eric Johnson

    Buyer's Agent in 2019

    Eric Johnson

    Century 21 Circle- Islamorada

    (305) 451-0601

    6 in this area

    9 Total Sales

    Eric Johnson
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 579804

Florida Keys Board of REALTORS®

APN: 00094660-000000

Florida Monroe County Islamorada 33036

83080 Overseas Hwy, Islamorada, FL

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