NOT LISTED FOR SALE

87851 Old Hwy Unit P43 Islamorada, FL 33036

Estimated Value: $1,696,000 - $1,976,000

4 Beds
3 Baths
2,668 Sq Ft
$1,039/mo HOA Fee

Last Sold January 15, 2025

Last sale price $2,000,000 $750 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $12,091/month

26 Days on Market

Highlights

  • Ocean Front
  • Boat Ramp
  • Beach
  • Plantation Key School Rated A-
  • Assigned Dock
  • 1-minute walk to Indian Key

About This Home

As of January 2025

This 4 bedroom 3 bath top floor unit has the best views in Ocean Harbor AND a 50 ft. boat slip! Enjoy starting your day with a cup of coffee and breakfast on the ocean facing terrace and finish the day with the impact doors open and enjoying the cool breeze. Upon entering the condo you can look straight out at the ocean and the protected marina where the 50 ft. slip awaits your vessel. The primary bedroom has beautiful ocean views and has direct access to the terrace. Two guest bedrooms are to the right with a large guest bath and HUGE shower. A separate laundry room is adjacent with a clever laundry chute from the primary closet. The dining area is defined with a coffered ceiling with 2 skylights and a beautiful chandelier. The 4th bedroom is adjacent to the 2nd guest bath and has direct access to the oceanfront terrace. This offering includes 50 ft. slip #3 which currently has a 3,000 lb. Sunstream Sunlift for a smaller vessel. 4 Post boat lifts are permitted should you have a larger vessel that you want to keep out of the water. A large dockbox is available for additional storage.

Last Agent to Sell the Property

Alina Davis

Coldwell Banker Schmitt Islamorada License #3216995 Listed on: 11/19/2024

Coldwell Banker Schmitt Islamorada

Last Buyer's Agent

Carolyn Ambler

American Caribbean Real Estate, Christie's International Real Estate License #3074981

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,913

Year Built

  • Built in 1989

Lot Details

  • Ocean Front
  • Sandy Beach

HOA Fees

  • $1,039 Monthly HOA Fees

Home Design

  • Concrete Roof

Interior Spaces

  • 2,668 Sq Ft Home
  • 4-Story Property
  • Ceiling Fan
  • Skylights
  • Blinds
  • Storage
  • Ocean Views

Kitchen

  • <<OvenToken>>
  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • Carport
  • Electric Gate
  • Guest Parking
  • Assigned Parking

Pool

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

Outdoor Features

  • Boat Lift
  • Boat Slip
  • Assigned Dock
  • Dock made with concrete
  • Screened Balcony
  • Exterior Lighting
  • Tiki or Chickee Hut

Utilities

  • Central Heating and Cooling System
  • Separate Meters
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Assessor Parcel Number 00415140-000145

Community Details

Overview

  • Association fees include bldg exterior mnt, security, common area mnt
  • 68 Units
  • Ocean Harbor Subdivision
  • Rental Restrictions

Amenities

  • Clubhouse

Recreation

  • Boat Ramp
  • Beach
  • Tennis Courts
  • Community Pool

Pet Policy

  • Pet Restriction: 2 pets any size

Security

  • Resident Manager or Management On Site
  • Impact Glass
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,913

Year Built

Built in 1989

Lot Details

0

HOA Fees

$1,039 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • First Right of Refusal: No
  • Association Approval Required: Yes
  • Association Fee: 3117.43
  • Mandatory HOA: Yes
  • Control Depth: 5
  • Dockage Dock: Concrete
  • Dockage Dock Length: 50
  • Fee Includes: Bldg Exterior Mnt, Security, Common Area Mnt
  • 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
  • Neighborhood Feature: Community Pool, Beach, Manager on Premises, Tennis Courts, Clubhouse, Community Boat Ramp
  • Pets W Restrictions: 2 pets any size
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Seller Finance
  • Side: Ocean
  • State Province: FL
  • Taxes: 9913.28
  • Title: Title Ins - Buyer
  • Vehicle Storage: Carport, Guest Parking, Assigned Parking
  • Year Built: 1989
  • Alternate Key Number: 8763972
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 522720.00
  • Pool Info: In Ground, Decked, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Screened P/B
  • Association Maintenance Fee Per: Quarterly
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Building Style Stories: 4 Stories
  • Estimated Living Sq Ft: 2668.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Unit Complex: Unit
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Built-in Cabinets, Walk-in Closet(s), Storage, Smoke Alarms, Sky Light(s), Fire Sprinkler, Elevator, Granite Counter Top, Split Bedroom
  • Floor Number: 4.00
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Carpet
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 4
  • Sq Ft Remarks: This does not include the enclosed terrace with impact sliding glass doors to total almost 3,000 sq. ft.

Exterior Features

  • Dockage: Assigned Dock, Basin, Boat Slip, Boat Lift
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS, Combo Construction
  • Exterior Features: Chickee Hut, Tennis Court(s), Sandy Beach, Lighting, Hot Tub
  • Roof: Concrete Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Security: Electric Gate
  • Utilities: Municipal Sewer, Water Separate Meter, Cable Available, Elect Separate Meter
  • Heating: Central, Electric

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE,AE,VE,VE,VE,0.
  • Parcel Number: 00415140-000145
  • Land Size: 10 or more Acres

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2023

Multi Family

  • Total Units: 68.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2024
Closed on
Jan 15, 2025
Sold by
Volland Richard K and Volland Marjorie H
Bought by
Evans Real Estate Partnership
Seller's Agent
Alina Davis
Coldwell Banker Schmitt Islamorada
Buyer's Agent
Carolyn Ambler
American Caribbean Real Estate, Christie's International Real Estate
List Price
$2,200,000
Sold Price
$2,000,000
Premium/Discount to List
-$200,000
-9.09%
Views
4
Current Estimated Value
$1,846,282

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$153,718
Avg. Annual Appreciation
-8.95%
Original Mortgage
$1,500,000
Interest Rate
8%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 25, 2013
Sold by
Westman Kurt H and Westman Kathleen K
Bought by
Volland Richard K and Volland Marjorie H

Purchase Details

Closed on
Jul 16, 2009
Bought by
Volland Richard K and Volland Marjorie H

Purchase Details

Closed on
Oct 19, 1998
Sold by
Blair Watson Keep
Bought by
Westman Kurt H and Westman Kathleen K

Purchase Details

Closed on
Dec 1, 1990
Bought by
Volland Richard K and Volland Marjorie H
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
Evans Real Estate Partnership $1,810,000 None Listed On Document
Evans Real Estate Partnership $1,810,000 None Listed On Document
Volland Richard K $1,280,000 Florida Title Of The Keys
Volland Richard K $100 --
Westman Kurt H $735,000 --
Volland Richard K $370,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Evans Real Estate Partnership $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2025 01/15/25 Sold $2,000,000 -9.1% $750 / Sq Ft
12/15/2024 12/15/24 Pending -- -- --
11/19/2024 11/19/24 For Sale $2,200,000 -- $825 / 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 $9,913 $1,165,924 -- --
2023 $9,913 $1,131,966 $0 $0
2022 $9,712 $1,098,997 $0 $0
2021 $9,884 $1,066,988 $0 $1,066,988
2020 $9,787 $1,052,257 $0 $1,052,257
2019 $9,752 $1,028,600 $0 $1,028,600
2018 $10,067 $1,063,980 $0 $0
2017 $9,652 $1,042,096 $0 $0
2016 $10,032 $1,020,663 $0 $0
2015 $9,770 $1,013,568 $0 $0
2014 $10,244 $1,048,313 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2025

    Alina Davis

    Coldwell Banker Schmitt Islamorada

    (305) 743-5181

    167 Total Sales

    Alina Davis
    Section Image
  • Carolyn Ambler

    Buyer's Agent in 2025

    Carolyn Ambler

    American Caribbean Real Estate, Christie's International Real Estate

    (203) 395-6773

    63 Total Sales

    Carolyn Ambler
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 612346

Florida Keys Board of REALTORS®

APN: 00415140-000145

Florida Monroe County Islamorada 33036

87851 Old Hwy Unit P43, Islamorada, FL

This home is located at 87851 Old Hwy Unit P43, Islamorada, FL 33036 since 19 November 2024 and is currently estimated at $1,846,282, approximately $692 per square foot. This property was built in 1989. 87851 Old Hwy Unit P43 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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