$525,000
SOLD MAR 30, 2022

87200 Overseas Hwy Unit 2 Islamorada, FL 33036

2 Beds
2 Baths
1,351 Sq Ft
$633/mo HOA Fee

Recently Sold

$389 Per Sq Ft

2% Below List Price

24 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • In Ground Pool
  • Furnished
  • Plantation Key School Rated A-
  • 99,999,999,999 Sq Ft lot
  • 1-minute walk to Indian Key

About This Home

As of September 2024

Desirable Executive Bay townhome with 2 bedrooms and 2 bathrooms plus a loft. The loft has its own private entrance and can be used for an additional bedroom, office or storage. Located in F building which has a short walk to the pool, beach and dock. The landscaping behind the unit creates a garden atmosphere and you will enjoy the afternoon shade. The complex allows owners to have 2 pets per unit with restrictions on dog breeds. Amenities include gated complex with security guards, heated pool, tennis courts, first come~first serve dockage plus pilings to tie a boat too, a beach, sunsets and kayak / paddle board storage. Located adjacent to Founder's Park which has gas, ice and a boat ramp.

Last Agent to Sell the Property

Claire Johnson

Coastal Realty of the Florida Keys License #3046906 Listed on: 12/27/2021

Coastal Realty of the Florida Keys

Last Buyer's Agent

Wiebke Westedt

Century 21 Keysearch Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,038

Year Built

  • Built in 1980

Lot Details

  • 2,295,684.11 Acre Lot
  • Property Fronts a Bay or Harbor

HOA Fees

  • $633 Monthly HOA Fees

Home Design

  • Metal Roof

Interior Spaces

  • 1,351 Sq Ft Home
  • Furnished

Kitchen

  • <<OvenToken>>
  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • In Ground Pool
  • First Come-First Served Dock

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 00093242-001200

Community Details

Overview

  • Association fees include bldg exterior mnt, security, exterminating, common area mnt, building insurance
  • Executive Bay Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Pet Policy

  • Pet Restriction: 2 pets

Security

  • Complete Accordion Shutters

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,038

Year Built

Built in 1980

Lot Details

0

HOA Fees

$633 per month

Listing Details

  • Property Type: Residential
  • Style: Townhouse
  • First Right of Refusal: No
  • Association Fee: 1898.44
  • Mandatory HOA: Yes
  • Control Depth: 4
  • Fee Includes: Bldg Exterior Mnt, Security, Exterminating, Common Area Mnt, Building Insurance
  • Key Island: Plantation Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 87.00
  • M L S Identifier: 20060123165453488875000000
  • Pets W Restrictions: 2 pets
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 3037.56
  • Title: Title Ins - Buyer
  • Year Built: 1980
  • Alternate Key Number: 8566981
  • Building Style: Townhouse
  • Cooling Heating: Central Air
  • Lot Sq Ft: 99999999999.00
  • Pool Info: In Ground
  • Association Maintenance Fee Per: Quarterly
  • Shutters: Accordion
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1351.00
  • Sewer Hook Up: Yes
  • Unit Complex: Complex
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

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

Exterior Features

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

Utilities

  • Utilities: Cable Available, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: Yes
  • Flood Zone: X,VE,AE,0.2 PCT ANNU
  • Parcel Number: 00093242-001200
  • Land Size: 10 or more Acres

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2021

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

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Range of Values:

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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: 598936

Florida Keys Board of REALTORS®

APN: 00093241-003800