87429 Old Hwy Islamorada, FL 33036
2
Beds
2
Baths
1,377
Sq Ft
2.85
Acres
Highlights
- Ocean Front
- Spa
- No HOA
- Plantation Key School Rated A-
- Deck
- 1-minute walk to Indian Key
About This Home
As of September 2018A multitude of opportunities arise at this incredible gated oceanfront property. Existing 2 bedroom/2 bath home is a legal duplex and has been adoringly restored with a beautiful pool, spa, and deck overlooking the boat basin, peninsula and the sparkling ocean beyond. The Village recognizes additional 4 single family home building rights and 3,255 square feet of commercial building rights attached to this property.
Last Agent to Sell the Property
Ocean Sotheby's International Realty License #0411868 Listed on: 02/15/2018
Last Buyer's Agent
Pedro Riveiro
Capital Real Estate Group Inc
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $18,985
Year Built
- Built in 1961
Lot Details
- 2.85 Acre Lot
- Ocean Front
- Property is zoned HC - Highway Commercial
Home Design
- Concrete Roof
Interior Spaces
- 1,377 Sq Ft Home
- Ceiling Fan
- Tile Flooring
- Ocean Views
- Impact Glass
Kitchen
- Oven
- Range
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Pool
- Spa
- Outdoor Pool
- Pool Deck
Outdoor Features
- Balcony
- Deck
Utilities
- Central Air
- Public Hookup Available For Sewer
Community Details
- No Home Owners Association
- Plant Beach Subdivision
Listing and Financial Details
- Assessor Parcel Number 00415210
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 15, 2018
Closed on
Oct 1, 2018
Sold by
Mm87 Llc
Bought by
Gudoian Richard
Seller's Agent
Cheri Tindall
Ocean Sotheby's International Realty
Buyer's Agent
Pedro Riveiro
Capital Real Estate Group Inc
List Price
$3,950,000
Sold Price
$4,120,000
Premium/Discount to List
$170,000
4.3%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.07%
Purchase Details
Listed on
Feb 15, 2018
Closed on
Sep 28, 2018
Sold by
Mm87 Llc
Bought by
Gudoian Richard
Seller's Agent
Cheri Tindall
Ocean Sotheby's International Realty
Buyer's Agent
Pedro Riveiro
Capital Real Estate Group Inc
List Price
$3,950,000
Sold Price
$4,120,000
Premium/Discount to List
$170,000
4.3%
Purchase Details
Closed on
May 21, 2013
Sold by
Whitehouse Clayton C and Whitehouse Joyce A
Bought by
Mm87 Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,455,000
Interest Rate
3.42%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 1, 1978
Bought by
Mm87 Llc
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $4,120,000 | None Listed On Document | |
| Warranty Deed | $4,120,000 | Attorney | |
| Warranty Deed | $4,120,000 | None Listed On Document | |
| Warranty Deed | $1,455,000 | Attorney | |
| Deed | $165,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $4,900,000 | No Value Available | |
| Previous Owner | $1,455,000 | Commercial | |
| Previous Owner | $200,000 | Credit Line Revolving | |
| Previous Owner | $100,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/01/2025 07/01/25 | For Sale | $19,495,000 | +373.2% | $2,913 / Sq Ft |
| 09/28/2018 09/28/18 | Sold | $4,120,000 | +4.3% | $2,992 / Sq Ft |
| 09/24/2018 09/24/18 | Pending | -- | -- | -- |
| 02/15/2018 02/15/18 | For Sale | $3,950,000 | -- | $2,869 / Sq Ft |
Source: Florida Keys Board of REALTORS®
Tax History Compared to Growth
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 | $62,301 | $6,920,919 | -- | -- |
| 2023 | $62,301 | $6,719,339 | $0 | $0 |
| 2022 | $43,761 | $4,687,719 | $4,165,781 | $521,938 |
| 2021 | $30,510 | $3,054,533 | $2,563,580 | $490,953 |
| 2020 | $30,238 | $3,012,965 | $2,563,580 | $449,385 |
| 2019 | $44,448 | $4,393,428 | $3,942,975 | $450,453 |
| 2018 | $24,752 | $3,460,632 | $3,077,456 | $383,176 |
| 2017 | $18,391 | $2,281,813 | $0 | $0 |
| 2016 | $18,985 | $2,319,822 | $0 | $0 |
| 2015 | $13,321 | $1,177,495 | $0 | $0 |
| 2014 | $13,436 | $1,179,847 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
TEAM Walters Gloria, Rachel and Michae
T
Seller's Agent in 2025
TEAM Walters Gloria, Rachel and Michae
Ocean Sotheby's International Realty
(305) 712-8888
86 Total Sales
-
Cheri Tindall
Seller's Agent in 2018
Cheri Tindall
Ocean Sotheby's International Realty
(305) 664-7661
55 Total Sales
-
Leslie Leopold
Seller Co-Listing Agent in 2018
Leslie Leopold
Ocean Sotheby's International Realty
(305) 942-0215
95 Total Sales
-
P
Buyer's Agent in 2018
Pedro Riveiro
Capital Real Estate Group Inc
-
P
Buyer's Agent in 2018
Pedro Riveiro, PA
Fortune Christie's International
-
P
Buyer's Agent in 2018
Pedro Riveiro, Broker Associate
Island Equity Real Estate
Map
Source: Florida Keys Board of REALTORS®
MLS Number: 578775
APN: 00415210-000000
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