NOT LISTED FOR SALE

Beacon Reef Condominiums 83201 Old Hwy Unit 517 Islamorada, FL 33036

Estimated Value: $759,000 - $999,000

2 Beds
2 Baths
1,275 Sq Ft
$793/mo HOA Fee

Last Sold April 10, 2023

Last sale price $835,000 $655 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $6,396/month

255 Days on Market

Highlights

  • Ocean Front
  • Boat Dock
  • Sandy Beach
  • Plantation Key School Rated A-
  • Beach
  • 1-minute walk to Founders Park

About This Home

As of April 2023

Best views and dockage, best location, top floor, best island in Islamorada. Enjoy ocean views and the soothing breezes that come with top floor southeast exposure. Stroll down the 450 feet of sandy beach and and a large dock with tiki. Huge freeform pool, fishing pier, and boat dockage (first come first served - no additional fee) that accommodates boats up to 32 feet in length. Islamorada's most sought after condo community includes a community club house, oceanfront state of the art gym, and a sauna. Additional storage downstairs.

Last Agent to Sell the Property

Holly Hight

Ocean Sotheby's International Realty License #3234318 Listed on: 06/29/2022

Ocean Sotheby's International Realty

Co-Listed By

Sunne Rego

Ocean Sotheby's International Realty License #3116799

Last Buyer's Agent

Raymond Kooser

Ocean Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,735

Year Built

  • Built in 1982

Lot Details

  • Ocean Front
  • Sandy Beach
  • Privacy Fence
  • Sprinkler System

HOA Fees

  • $793 Monthly HOA Fees

Home Design

  • Concrete Roof
  • Metal Roof

Interior Spaces

  • 1,275 Sq Ft Home
  • 5-Story Property
  • Bar
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Entrance Foyer
  • Storage

Kitchen

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

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • Electric Gate
  • Guest Parking
  • Assigned Parking

Accessible Home Design

  • Accessible Elevator Installed
  • Handicap Accessible

Pool

  • Concrete Pool
  • In Ground Pool
  • Spa
  • Pool Deck

Outdoor Features

  • First Come-First Served Dock
  • Rip-Rap
  • Boat Slip
  • Dock Facilities
  • Dock made with wood
  • Balcony
  • Outdoor Kitchen
  • Exterior Lighting
  • Gazebo
  • Outdoor Storage
  • Tiki or Chickee Hut
  • Attached Grill

Utilities

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

Listing and Financial Details

  • Minimum Rental Period: 30
  • Assessor Parcel Number 00094580-000145

Community Details

Overview

  • Association fees include cable, security, common area mnt, building insurance, bldg exterior mnt, water, exterminating, sewer
  • 96 Units
  • Beacon Reef Subdivision
  • Rental Restrictions

Amenities

  • Clubhouse
  • Lobby

Recreation

  • Beach
  • Community Pool
  • Community Spa

Pet Policy

  • Pet Restriction: 1 Pet up to 25 lbs

Security

  • Building Security System
  • Resident Manager or Management On Site
  • Complete Accordion Shutters
  • Impact Glass
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,735

Year Built

Built in 1982

Lot Details

0

HOA Fees

$793 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 2379.43
  • Mandatory HOA: Yes
  • Control Depth: 4
  • Dockage Dock: Wood
  • Dockage Dock Length: 38
  • Dockage Seawall: Rip Rap
  • Fee Includes: Cable, Security, Common Area Mnt, Building Insurance, Bldg Exterior Mnt, Water, Exterminating, Sewer
  • Handicap Access: Yes
  • Key Island: Upper Matecumbe Key Islamorada
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 83.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool, Spa, Beach, Fire Hydrant, Manager on Premises, Clubhouse, Community Dockage
  • Off Shore Island: No
  • Pets W Restrictions: 1 Pet up to 25 lbs
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 5735.24
  • Title: Title Ins - Buyer
  • Vehicle Storage: Assigned Parking, Guest Parking
  • Year Built: 1982
  • Alternate Key Number: 8627696
  • Cooling Heating: Central Air, Heat, Ceiling Fans(s)
  • Pool Info: In Ground, Decked, Concrete
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Quarterly
  • Association Info Condo Docs: Yes
  • Shutters: Accordion
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 5 Stories
  • Estimated Living Sq Ft: 1275.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Unit Complex: Unit
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Built-in Cabinets, Bar, Window Treatments, Walk-in Closet(s), Storage, Smoke Alarms, Lobby, Fire Sprinkler, Elevator, Entrance Foyer, Pantry, Split Bedroom
  • Floor Number: 5.00
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Freezer, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Carpet
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Sliding Glass Doors, Impact Rstnce Window
  • Total Bedrooms: 2
  • Accessibility Features: Accessible Elevator Installed

Exterior Features

  • Dockage: Dock Privileges, Boat Slip, First Come Dock
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Built-in Grill, Storage, Sprinkler System, Sandy Beach, Privacy Wall/Fence, Outdoor Kitchen, Lighting, Hot Tub, Gazebo, Chickee Hut
  • Roof: Metal Roof, Concrete Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Security: Electric Gate, On Premises System, Secured Building
  • Utilities: FKAA, Cable Available, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: VE,AE,AE,AE,VE,AE,VE
  • Parcel Number: 00094580-000145
  • Land Size: 2 Less Than 5 Acres

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2021

Multi Family

  • Total Units: 96.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2022
Closed on
Apr 10, 2023
Sold by
Michael Leon Johnson Trust
Bought by
Isla 517 Llc
Seller's Agent
Holly Hight
Ocean Sotheby's International Realty
Buyer's Agent
Raymond Kooser
Ocean Sotheby's International Realty
List Price
$997,000
Sold Price
$835,000
Premium/Discount to List
-$162,000
-16.25%
Views
33
Current Estimated Value
$917,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,019
Avg. Annual Appreciation
3.75%

Purchase Details

Closed on
Apr 7, 2006
Sold by
Linton John M
Bought by
Johnson Michael Leon and Michael Leon Johnson Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 1993
Bought by
Johnson Michael Leon Tr Dtd 2/2006

Purchase Details

Closed on
May 1, 1988
Bought by
Johnson Michael Leon Tr Dtd 2/2006

Purchase Details

Closed on
Mar 1, 1987
Bought by
Johnson Michael Leon Tr Dtd 2/2006

Purchase Details

Closed on
Dec 1, 1986
Bought by
Johnson Michael Leon Tr Dtd 2/2006
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Isla 517 Llc $835,000 Coral Reef Title
Johnson Michael Leon $877,500 Attorney
Johnson Michael Leon Tr Dtd 2/2006 $202,000 --
Johnson Michael Leon Tr Dtd 2/2006 $190,000 --
Johnson Michael Leon Tr Dtd 2/2006 $175,000 --
Johnson Michael Leon Tr Dtd 2/2006 -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson Michael Leon $780,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2023 04/10/23 Sold $835,000 -5.6% $655 / Sq Ft
03/11/2023 03/11/23 Pending -- -- --
03/03/2023 03/03/23 Price Changed $885,000 -5.3% $694 / Sq Ft
12/01/2022 12/01/22 Price Changed $935,000 -6.2% $733 / Sq Ft
10/03/2022 10/03/22 For Sale $997,000 0.0% $782 / Sq Ft
10/03/2022 10/03/22 Price Changed $997,000 0.0% $782 / Sq Ft
06/29/2022 06/29/22 For Sale $997,000 -- $782 / 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 $6,985 $778,400 -- $778,400
2023 $6,985 $866,172 $0 $866,172
2022 $6,571 $830,747 $0 $830,747
2021 $5,735 $579,229 $0 $579,229
2020 $5,211 $511,556 $0 $511,556
2019 $5,120 $492,055 $0 $492,055
2018 $5,045 $486,187 $0 $0
2017 $4,870 $493,821 $0 $0
2016 $4,635 $427,061 $0 $0
2015 $4,550 $427,061 $0 $0
2014 $4,603 $427,061 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Holly Hight

    Seller's Agent in 2023

    Holly Hight

    Ocean Sotheby's International Realty

    (305) 394-3083

    84 Total Sales

    Section Image
  • Sunne Rego

    Seller Co-Listing Agent in 2023

    Sunne Rego

    Ocean Sotheby's International Realty

    (305) 923-9271

    70 Total Sales

    Section Image

  • R

    Buyer's Agent in 2023

    Raymond Kooser

    Ocean Sotheby's International Realty

  • R

    Buyer's Agent in 2023

    Ray Kooser

    Realty Center International

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About Beacon Reef Condominiums

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 601608

Florida Keys Board of REALTORS®

APN: 00094580-000145

Florida Monroe County Islamorada 33036

83201 Old Hwy Unit 517, Islamorada, FL

This home is located at 83201 Old Hwy Unit 517, Islamorada, FL 33036 since 29 June 2022 and is currently estimated at $909,796, approximately $713 per square foot. This property was built in 1982. 83201 Old Hwy Unit 517 is a home located in Monroe County with nearby schools including Plantation Key School, Coral Shores High School, and Treasure Village Montessori Charter 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 Keys Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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