NOT LISTED FOR SALE

87851 Old Hwy Unit K3 Boat Slip 46 Islamorada, FL 33036

Estimated Value: $1,014,087 - $1,241,000

2 Beds
2 Baths
1,736 Sq Ft
$1,118/mo HOA Fee

Last Sold April 25, 2024

Last sale price $1,075,000 $619 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $7,900/month

289 Days on Market

Highlights

  • Ocean Front
  • Boat Lift
  • Boat Slip
  • Plantation Key School Rated A-
  • Sandy Beach
  • 1-minute walk to Indian Key

About This Home

As of April 2024

A must see! This updated two bedroom, two bath condo overlooks the Atlantic Ocean in the sought-after community of Ocean Harbor! Offering open floor plan with all new impact windows and doors, enclosed air-conditioned porch, covered parking, storage, 30' boat slip #46, 10,000 lb lift, and private staircase to the beautifully landscaped grounds. Ocean Harbor features an oceanfront heated pool and hot tub, tennis and pickle ball courts, sandy beach, ice machines, boat ramp, boat trailer storage, plus an ocean view gym, and clubhouse along with additional storage downstairs!

Last Agent to Sell the Property

Kim Thaler

Ocean Sotheby's International Realty License #679315 Listed on: 04/17/2023

Ocean Sotheby's International Realty

Last Buyer's Agent

Lisa Frins

Century 21 Prestige Realty Grp, Tavernier

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,852

Year Built

  • Built in 1989

Lot Details

  • Ocean Front
  • Sandy Beach
  • Sprinkler System

HOA Fees

  • $1,118 Monthly HOA Fees

Property Views

  • Ocean
  • Harbor

Home Design

  • Concrete Roof

Interior Spaces

  • 1,736 Sq Ft Home
  • Furnished
  • Bar
  • Ceiling Fan
  • Sun or Florida Room
  • Home Gym
  • Tile Flooring
  • Home Security System

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Quartz Countertops
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Carport
  • Electric Gate
  • Guest Parking
  • Assigned Parking

Accessible Home Design

  • Accessible Elevator Installed
  • Accessible Parking

Pool

  • Heated In Ground Pool
  • Outdoor Shower
  • Spa

Outdoor Features

  • Boat Lift
  • Boat Slip
  • Lanai
  • Exterior Lighting
  • Gazebo
  • Outdoor Storage
  • Tiki or Chickee Hut

Utilities

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

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Assessor Parcel Number 00415140-000151

Community Details

Overview

  • Association fees include bldg exterior mnt, common area mnt, building insurance
  • 68 Units
  • Ocean Harbor Subdivision

Pet Policy

  • Pet Restriction: 2 Pets any size

Security

  • Impact Glass
  • Fire and Smoke Detector

Recreation

  • Tennis Courts

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,852

Year Built

Built in 1989

Lot Details

0

HOA Fees

$1,118 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: Yes
  • Association Fee: 3354.00
  • Mandatory HOA: Yes
  • Control Depth: 4
  • Dockage Dock Length: 30
  • Fee Includes: Bldg Exterior Mnt, Common Area Mnt, Building Insurance
  • Key Island: Plantation Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 87.50
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets W Restrictions: 2 Pets any size
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 5852.45
  • Title: Title Ins - Buyer
  • Vehicle Storage: Carport, Guest Parking, Assigned Parking
  • Year Built: 1989
  • Alternate Key Number: 8764031
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 522720.00
  • Pool Info: In Ground
  • Pool Info Heated: Yes
  • Association Maintenance Fee Per: Quarterly
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1736.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Unit Complex: Unit
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Built-in Cabinets, Quartz Countertops, Window Treatments, Smoke Alarms, Security System
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Specialty Rooms: Gym, Sun/Florida Room
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 2
  • Accessibility Features: Accessible Elevator Installed, Parking

Exterior Features

  • Dockage: Boat Lift, Boat Slip
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Bar, Tennis Court(s), Storage, Sprinkler System, Sandy Beach, Outdoor Shower, Lanai, Lighting, Hot Tub, Gazebo, Chickee Hut
  • Roof: Concrete Roof
  • Waterview: Ocean View, Harbor/Marina View, Open Water View
  • Pool: Yes

Utilities

  • Security: Electric Gate
  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE,AE,VE,VE,VE,0.
  • Parcel Number: 00415140-000151
  • Land Size: 10 or more Acres
  • Acres: 12.00

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2022

Multi Family

  • Total Units: 68.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2023
Closed on
Apr 25, 2024
Sold by
Cole Deborah D
Bought by
Matthews James O and Matthews Heather Hoopes
Seller's Agent
Kim Thaler
Ocean Sotheby's International Realty
Buyer's Agent
Lisa Frins
Century 21 Prestige Realty Grp, Tavernier
List Price
$1,149,000
Sold Price
$1,075,000
Premium/Discount to List
-$74,000
-6.44%
Views
124
Current Estimated Value
$1,138,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,272
Avg. Annual Appreciation
4.29%
Original Mortgage
$766,550
Outstanding Balance
$756,231
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$382,041

Purchase Details

Closed on
Jul 14, 2023
Sold by
Wilmot Fred
Bought by
Cole Deborah D

Purchase Details

Closed on
Sep 3, 2020
Sold by
W & W Holdings Llc
Bought by
Wilmot Fred and Cole Deborah D

Purchase Details

Closed on
Feb 19, 2019
Sold by
Mcphaden Gordon W and Mcphaden Wanda C
Bought by
W & W Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2019
Sold by
Mcphaden Gordon W and Mcphaden Wanda C
Bought by
W & W Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2016
Sold by
Wannamaker Catherine Moore
Bought by
Mcphaden Grodon W and Mcphaden Wanda C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.19%
Mortgage Type
Land Contract Argmt. Of Sale

Purchase Details

Closed on
May 4, 1998
Sold by
Lane Richard C and Lane Maureen
Bought by
Mcphaden Gordon W and Mcphaden Wanda C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,000
Interest Rate
7.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 1998
Bought by
Mcphaden Gordon W and Mcphaden Wanda C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,000
Interest Rate
7.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 1991
Bought by
Mcphaden Gordon W and Mcphaden Wanda C
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 Buyer Sale Price Title Company
Matthews James O $1,075,000 Coral Reef Title
Cole Deborah D -- None Listed On Document
Wilmot Fred $349,000 Attorney
W & W Holdings Llc $590,000 None Listed On Document
W & W Holdings Llc $590,000 None Listed On Document
Mcphaden Grodon W -- Attorney
Mcphaden Gordon W -- None Available
Mcphaden Gordon W $335,000 --
Mcphaden Gordon W $30,000 --
Mcphaden Gordon W $335,000 --
Mcphaden Gordon W $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Matthews James O $766,550
Previous Owner W & W Holdings Llc $349,000
Previous Owner W & W Holdings Llc $349,000
Previous Owner Mcphaden Gordon W $250,000
Previous Owner Mcphaden Gordon W $169,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2024 04/25/24 Sold $1,075,000 -6.4% $619 / Sq Ft
01/31/2024 01/31/24 Pending -- -- --
01/22/2024 01/22/24 For Sale $1,149,000 +6.9% $662 / Sq Ft
12/30/2023 12/30/23 Off Market $1,075,000 -- --
11/13/2023 11/13/23 Price Changed $1,149,000 -3.8% $662 / Sq Ft
04/17/2023 04/17/23 For Sale $1,195,000 -- $688 / 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 $7,099 $896,294 -- $896,294
2023 $7,099 $966,798 $0 $966,798
2022 $5,852 $635,361 $0 $635,361
2021 $5,377 $503,802 $0 $503,802
2020 $5,245 $487,955 $0 $487,955
2019 $5,730 $527,351 $0 $527,351
2018 $5,003 $496,592 $0 $0
2017 $4,815 $486,379 $0 $0
2016 $4,978 $476,376 $0 $0
2015 $4,861 $473,065 $0 $0
2014 $4,878 $469,311 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kim Thaler

    Seller's Agent in 2024

    Kim Thaler

    Ocean Sotheby's International Realty

    (305) 393-2787

    30 in this area

    52 Total Sales

    Kim Thaler
    Section Image

  • L

    Buyer's Agent in 2024

    Lisa Frins

    Century 21 Prestige Realty Grp, Tavernier

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 604977

Florida Keys Board of REALTORS®

APN: 00415140-000151

Florida Monroe County Islamorada 33036

87851 Old Hwy Unit K3 Boat Slip 46, Islamorada, FL

This home is located at 87851 Old Hwy Unit K3 Boat Slip 46, Islamorada, FL 33036 since 17 April 2023 and is currently estimated at $1,138,272, approximately $655 per square foot. This property was built in 1989. 87851 Old Hwy Unit K3 Boat Slip 46 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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