$300,000
SOLD DEC 16, 2020

87200 Overseas Hwy Unit 2 Islamorada, FL 33036

2 Beds
2 Baths
1,330 Sq Ft
$607/mo HOA Fee

Recently Sold

$226 Per Sq Ft

12% Below List Price

338 Days on Market

Highlights

  • Boat Dock
  • Beach
  • Boat Slip
  • Plantation Key School Rated A-
  • Property Fronts a Bay or Harbor
  • 1-minute walk to Indian Key

About This Home

As of September 2024

Well maintained, clean and fully furnished unit! Features 2 bedrooms and 2 full bathrooms and tennis court directly behind unit. Great investment property, prime location steps away from Founder's Park in desirable Islamorada. Association offers private gated entrance with 24hr security, large pool, bay front beach, 2 tennis courts, clubhouse, and first come first serve dockage. Great location for kayaking and paddle boarding. Watch the sunset every night from the fishing pier. Fuel up your boat at Founders; you'll have immediate bayside access and ocean access from Snake Creek for all your fishing and boating needs! 1.5 hr drive to MIA, 2 hr drive to Key West! Brand new metal roof!

Last Agent to Sell the Property

Lindsey Davis

Ocean Sotheby's International Realty License #3277131 Listed on: 08/22/2019

Ocean Sotheby's International Realty

Last Buyer's Agent

Lindsey Stanton

Berkshire Hathaway HomeServices Freewheeler Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,325

Year Built

  • Built in 1980

Lot Details

  • Property Fronts a Bay or Harbor

HOA Fees

  • $607 Monthly HOA Fees

Parking

  • Electric Gate

Home Design

  • Metal Roof

Interior Spaces

  • 1,330 Sq Ft Home
  • Furnished

Kitchen

  • <<OvenToken>>
  • <<microwave>>
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Pool Deck

Outdoor Features

  • First Come-First Served Dock
  • Boat Slip
  • Dock Facilities
  • Balcony
  • Patio

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 00093241-004800

Community Details

Overview

  • Association fees include bldg exterior mnt, security, exterminating, building insurance, common area mnt, cable
  • Executive Bay Subdivision
  • Rental Restrictions

Amenities

  • Clubhouse

Recreation

  • Boat Dock
  • Beach
  • Tennis Courts
  • Community Pool

Pet Policy

  • No Pets Allowed

Security

  • Gated with Attendant
  • Resident Manager or Management On Site

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,325

Year Built

Built in 1980

Lot Details

0

HOA Fees

$607 per month

Listing Details

  • Property Type: Residential
  • Style: Townhouse
  • First Right of Refusal: Yes
  • Association Approval Required: Yes
  • Association Fee: 1821.00
  • Mandatory HOA: Yes
  • Control Depth: 4
  • Dockage Dock: Other
  • Fee Includes: Bldg Exterior Mnt, Security, Exterminating, Building Insurance, Common Area Mnt, Cable
  • Key Island: Plantation Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 87.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Beach, Tennis Courts, Manager on Premises, Community Pool, Community Dockage, Clubhouse
  • Pets: No Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 2325.27
  • Year Built: 1980
  • Alternate Key Number: 8498560
  • Building Style: Townhouse
  • Cooling Heating: Central Air
  • Pool Info: Concrete, In Ground, Decked
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Patio
  • Association Maintenance Fee Per: Quarterly
  • Association Info Condo Docs: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1330.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Refrigerator, Oven, Microwave, Dryer
  • Floor: Carpet, Tile
  • Total Bedrooms: 2

Exterior Features

  • Dockage: Boat Slip, First Come Dock, Dock Privileges
  • Waterfront: Bay Front
  • Waterfront: No
  • Construction: CBS
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

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

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X,VE,AE,0.2 PCT ANNU
  • Parcel Number: 00093241-004800
  • Land Size: 2 Less Than 5 Acres

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2024
Closed on
Sep 13, 2024
Sold by
Hoheb Lisa Cardali
Bought by
Star Commercial Properties Ebc Llc
Seller's Agent
Luis Ruiz
EXP Realty, LLC
Buyer's Agent
Ewa Schwarz
LoKation Real Estate
List Price
$729,900
Sold Price
$680,000
Premium/Discount to List
-$49,900
-6.84%
Views
32
Current Estimated Value
$646,274

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$33,726
Avg. Annual Appreciation
-5.88%
Original Mortgage
$423,000
Outstanding Balance
$420,397
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$225,877

Purchase Details

Listed on
Dec 27, 2021
Closed on
Apr 29, 2022
Sold by
Mmm Properties Llc
Bought by
Hoheb Lisa Cardali
Seller's Agent
Claire Johnson
Coastal Realty of the Florida Keys
Buyer's Agent
Wiebke Westedt
Century 21 Keysearch Realty
List Price
$535,000
Sold Price
$525,000
Premium/Discount to List
-$10,000
-1.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.04%
Original Mortgage
$436,500
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 2005
Sold by
Saleem Annemarie
Bought by
Mmm Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
5.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 21, 2002
Sold by
Michael D Saleem I
Bought by
Saleem Annemarie

Purchase Details

Closed on
Apr 8, 1994
Sold by
Janas Joseph J and Gory Thomas A
Bought by
Saleem Michael D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
7.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 1991
Bought by
Mmm Properties Llc

Purchase Details

Closed on
Jun 1, 1984
Bought by
Mmm Properties Llc

Purchase Details

Closed on
Mar 1, 1981
Bought by
Mmm Properties Llc
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $680,000 Attorneys Title Services
Warranty Deed $485,000 --
Warranty Deed $425,000 Flagler Title Services Llc
Personal Reps Deed -- --
Warranty Deed $90,000 --
Warranty Deed $71,000 --
Warranty Deed $80,000 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $423,000 New Conventional
Previous Owner $436,500 New Conventional
Previous Owner $340,000 Fannie Mae Freddie Mac
Previous Owner $72,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2024 09/17/24 Sold $680,000 -6.8% $506 / Sq Ft
08/29/2024 08/29/24 For Sale $729,900 0.0% $543 / Sq Ft
08/11/2024 08/11/24 Pending -- -- --
08/05/2024 08/05/24 Price Changed $729,900 -2.7% $543 / Sq Ft
06/25/2024 06/25/24 Price Changed $749,900 -6.3% $558 / Sq Ft
06/17/2024 06/17/24 Price Changed $799,900 -5.8% $595 / Sq Ft
05/23/2024 05/23/24 For Sale $849,000 +61.7% $631 / Sq Ft
03/30/2022 03/30/22 Sold $525,000 -1.9% $389 / Sq Ft
01/20/2022 01/20/22 Pending -- -- --
12/27/2021 12/27/21 For Sale $535,000 +73.1% $396 / Sq Ft
12/30/2020 12/30/20 Sold $309,000 +3.0% $231 / Sq Ft
12/16/2020 12/16/20 Sold $300,000 -6.3% $226 / Sq Ft
09/29/2020 09/29/20 Pending -- -- --
07/20/2020 07/20/20 For Sale $320,000 -1.5% $240 / Sq Ft
05/21/2020 05/21/20 Price Changed $325,000 0.0% $244 / Sq Ft
03/31/2020 03/31/20 Sold $325,000 -7.1% $240 / Sq Ft
03/17/2020 03/17/20 Pending -- -- --
02/19/2020 02/19/20 Price Changed $349,900 -5.2% $258 / Sq Ft
01/29/2020 01/29/20 Price Changed $369,000 -1.6% $272 / Sq Ft
01/03/2020 01/03/20 Price Changed $374,900 +13.6% $277 / Sq Ft
11/12/2019 11/12/19 Price Changed $330,000 -15.2% $248 / Sq Ft
11/05/2019 11/05/19 For Sale $389,000 +14.4% $287 / Sq Ft
08/22/2019 08/22/19 For Sale $340,000 +30.8% $256 / Sq Ft
04/26/2013 04/26/13 Sold $260,000 -6.8% $190 / Sq Ft
02/15/2013 02/15/13 Pending -- -- --
01/15/2013 01/15/13 For Sale $279,000 -- $204 / 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 $4,354 $572,533 -- $572,533
2023 $4,354 $421,450 $0 $421,450
2022 $3,224 $348,697 $0 $348,697
2021 $2,872 $243,641 $0 $243,641
2020 $2,831 $238,303 $0 $238,303
2019 $2,947 $248,131 $0 $248,131
2018 $2,707 $221,718 $0 $0
2017 $2,756 $235,842 $0 $0
2016 $2,658 $208,275 $0 $0
2015 $2,467 $193,372 $0 $0
2014 $2,491 $193,372 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 587132

Florida Keys Board of REALTORS®

APN: 00093241-003800