Sold for $1,200,000

$1,200,000

218 Matecumbe Ave, Islamorada, FL 33036

3beds

1,071sqft

Single Family Residence

Built in 1953

7,840 Square Feet Lot

$1,036,700 Zestimate^®

$1,120/sqft

$4,622 Estimated rent

Home value

$1,036,700

$902,000 - $1.17M

$4,622/mo

Zestimate^® history

Owner options

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$4,622/mo

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$4,622/mo

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$7,101/mo

Est. payment

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$7,101/mo

Est. payment

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What's special

Tropical tiki hutLush professional landscaping

Build Your Dream -- Without the Wait! This rare Islamorada property is a true gem, offering TWO highly-coveted and extremely scarce Islamorada building rights (ROGO exemptions) -- a golden opportunity in a market where buildable rights are nearly impossible to come by. Even better, this property comes fully prepped and ready to go: architectural plans for a stunning home are included, and the pool, tropical tiki hut, mosquito system and lush professional landscaping are already complete. Whether you're looking to create a luxurious island retreat or capitalize on a smart investment, this is your chance to build immediately in one of the most sought-after destinations in the Florida Keys. Opportunities like this are incredibly rare -- act now and turn the key to your future in paradise. The new layout is a 3 bedroom, 2.5 bedroom bath and new square footage would be 1,730.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Cooling

Wall/Window Unit(s), Ceiling Fans(s)

Appliances

Included: Washer, Microwave, Refrigerator, Dishwasher, Dryer
Laundry: Laundry Room

Features

Walk-In Closet(s), Storage
Flooring: Tile

Interior area

Total interior livable area: 1,071 sqft

Property

Accessibility

Accessibility features: Yes

Features

Exterior features: Sprinkler System, Outdoor Shower, Lighting
Has private pool: Yes
Pool features: In Ground
Fencing: Fenced
Water view: None
Waterfront features: None, Dockage: None

Lot

Size: 7,840 Square Feet
Features: 1/4 - 1/2 Acre
Residential vegetation: Fruit Tree(s)

Details

Additional structures: Chickee Hut
Parcel number: 00398140000000
Zoning: R2
Zoning description: Residential Duplex
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Condition

Year built: 1953

Utilities & green energy

Sewer: Public Sewer
Utilities for property: FKAA

Community & HOA

Community

Security: Smoke Detector(s)
Subdivision: Grove Park (81.5)

HOA

Has HOA: No
Services included: Cable TV, Security, Maintenance Grounds, Building Insurance, Maintenance Structure, Water, Pest Control, Sewer

Location

Region: Islamorada

Financial & listing details

Price per square foot: $1,120/sqft
Tax assessed value: $911,121
Annual tax amount: $7,628
Date on market: 10/3/2025

Price history

Date	Event	Price
11/20/2025	Sold	$1,200,000+0%$1,120/sqft
Source: FLKMLS #616707 Report a problem
11/17/2025	Pending sale	$1,199,999$1,120/sqft
Source: FLKMLS #616707 Report a problem
10/3/2025	Listed for sale	$1,199,999+128.6%$1,120/sqft
Source: FLKMLS #616707 Report a problem
6/28/2022	Sold	$525,000-25%$490/sqft
Source: Public Record Report a problem
4/6/2022	Sold	$700,000-6%$654/sqft
Source: Public Record Report a problem
1/28/2022	Contingent	$745,000$696/sqft
Source: Key West AOR #597963 Report a problem
1/5/2022	Listed for sale	$745,000$696/sqft
Source: Key West AOR #597963 Report a problem
12/16/2021	Contingent	$745,000$696/sqft
Source: FLKMLS #597963 Report a problem
11/6/2021	Price change	$745,000-0.7%$696/sqft
Source: FLKMLS #597963 Report a problem
10/2/2021	Listed for sale	$750,000+22%$700/sqft
Source: FLKMLS #597963 Report a problem
1/13/2021	Listing removed	--
Source: FLKMLS Report a problem
12/12/2020	Price change	$615,000-1.6%$574/sqft
Source: Sutter & Nugent, Inc. #592798 Report a problem
10/1/2020	Listed for sale	$625,000+52.4%$584/sqft
Source: Sutter & Nugent, Inc. #592798 Report a problem
2/12/2019	Sold	$410,000-8.9%$383/sqft
Source: Public Record Report a problem
8/17/2018	Listed for sale	$450,000$420/sqft
Source: Ocean Sotheby's International Realty #581526 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,889 +3.4%	$752,869 +2.9%
2024	$7,629 +0.7%	$731,652 +3%
2023	$7,577 +41.5%	$710,342 +86.3%
2022	$5,356 +12.1%	$381,299 +10%
2021	$4,776 -0.7%	$346,635 -0.6%
2020	$4,810	$348,569 +394.5%
2019	$4,810 +173.9%	$70,491 +1.9%
2018	$1,756 +37.2%	$69,177 +2.1%
2017	$1,280 +2.2%	$67,755 +2.1%
2016	$1,253 -1%	$66,362 +0.7%
2015	$1,265	$65,901