Experience the ultimate Florida Keys lifestyle in this stunning split-level waterfront loft and take advantage of the vacation rental revenue. Ideally located in highly sought-after Lower Matecumbe. This exceptional 5-bedroom, 3-bath residence combines contemporary design with breathtaking water views, creating a truly unique island retreat.
The thoughtfully designed layout features three spacious bedrooms on the lower level and two additional bedrooms upstairs, connected by a spectacular modern staircase that serves as a striking architectural centerpiece. Soaring ceilings and expansive windows fill the home with natural light, while the open-concept floor plan seamlessly connects the living, dining, and entertaining spaces. The sleek, modern kitchen is perfectly positioned to serve both everyday living and waterfront gatherings.
Generously sized bedrooms and beautifully appointed bathrooms provide comfort and privacy for family and guests alike. Step outside to an impressive 667-square-foot waterfront screened deck overlooking the tranquil lagoon, offering the perfect setting for outdoor dining, entertaining, or simply enjoying the peaceful surroundings.
Boaters will appreciate the deep-water dockage featuring a large boat slip and 16k boat lift, with convenient access to both the Atlantic Ocean and Florida Bay. Enjoy stunning views of the bayside lagoon and the ocean, along with world-class fishing, diving, and boating right from your backyard.
Additional amenities include covered parking and ample storage space for all your water toys. Offering the perfect blend of modern elegance, waterfront living, and premier boating access, this remarkable Lower Matecumbe property is a rare opportunity to own a piece of paradise in one of Islamorada's most desirable locations.
Onsite property management for true peace of mind.
For sale
$1,890,000
74980 Overseas Hwy Unit 3, Islamorada, FL 33036
5beds
2,845sqft
Condominium
Built in 1989
-- sqft lot
$1,784,000 Zestimate®
$664/sqft
$1,300/mo HOA
What's special
Generously sized bedroomsTwo additional bedrooms upstairsCovered parkingBreathtaking water viewsSoaring ceilingsContemporary designStunning split-level waterfront loft
- 82 days
- 346
- 9
Zillow last checked:
Listing updated:
Listed by:
Pierre Marc Bellion 305-731-3356,
Ocean Sotheby's International Realty,
Bettina Garber 305-517-3785,
Ocean Sotheby's International Realty
Source: FLKMLS,MLS#: 620271
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Freezer, Ice Maker, Wine Cooler, Stainless Steel Appliance(s)
Features
- Built-in Features, Storage, Walk-in Closet(s), Bar, Loft
- Flooring: Tile, Vinyl, Carpet
Interior area
- Total structure area: 2,845
- Total interior livable area: 2,845 sqft
Property
Parking
- Parking features: Open, RV Access/Parking, Storage
- Has uncovered spaces: Yes
Features
- Patio & porch: Screened Patio
- Exterior features: Lighting, Storage
- Fencing: Privacy
- On waterfront: Yes
Details
- Parcel number: 00097890000203
- Zoning: OTH - Other Zoning
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- CBS, Concrete
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1989
Utilities & green energy
- Utilities for property: Elect Separate Meter
Community & HOA
Community
- Features: Community Dockage, Community Boat Ramp, Manager on Premises, Beach, Bike Paths
- Subdivision: Sandglass (74.5)
HOA
- Has HOA: Yes
- Services included: Cable TV, Pest Control, Maintenance Structure, Insurance, Common Area Mnt
- HOA fee: $1,300 monthly
Location
- Region: Islamorada
Financial & listing details
- Price per square foot: $664/sqft
- Tax assessed value: $1,517,585
- Annual tax amount: $13,018
- Date on market: 6/13/2026
- Listing terms: Cash,Conventional
Estimated market value
$1,784,000
$1.69M - $1.87M
$6,817/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/13/2026 | Listed for sale | $1,890,000+11.2%$664/sqft |
Source: | ||
| 3/30/2022 | Sold | $1,700,000-2.9%$598/sqft |
Source: | ||
| 3/10/2022 | Contingent | $1,750,000$615/sqft |
Source: | ||
| 2/10/2022 | Listed for sale | $1,750,000+121.8%$615/sqft |
Source: | ||
| 5/25/2017 | Sold | $789,000-12.2%$277/sqft |
Source: | ||
| 1/11/2017 | Price change | $899,000-9.2%$316/sqft |
Source: Coldwell Banker Schmitt Real Estate Co. #571013 Report a problem | ||
| 10/8/2016 | Price change | $990,000-9.2%$348/sqft |
Source: Coldwell Banker Schmitt Real Estate Co. #571013 Report a problem | ||
| 8/6/2016 | Price change | $1,090,000-16.2%$383/sqft |
Source: Coldwell Banker Schmitt Real Estate Co. #571013 Report a problem | ||
| 5/28/2016 | Listed for sale | $1,300,000+108%$457/sqft |
Source: Coldwell Banker Schmitt Islamorada #571013 Report a problem | ||
| 9/10/2013 | Sold | $625,000-13.7%$220/sqft |
Source: Public Record Report a problem | ||
| 11/22/2012 | Price change | $724,000-3.3%$254/sqft |
Source: Schwartz Property Sales #543652 Report a problem | ||
| 1/11/2012 | Price change | $749,000-11.8%$263/sqft |
Source: CENTURY 21 Schwartz Realty #543652 Report a problem | ||
| 4/29/2011 | Listed for sale | $849,000+187.8%$298/sqft |
Source: Schwartz Property Sales #543652 Report a problem | ||
| 12/31/1997 | Sold | $295,000$104/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,561 +0.5% | $1,517,585 |
| 2024 | $13,487 -2.3% | $1,517,585 |
| 2023 | $13,802 +117.4% | $1,517,585 +104.7% |
| 2022 | $6,348 -1.7% | $741,519 +3% |
| 2021 | $6,455 -0.5% | $719,922 |
| 2020 | $6,485 -0.7% | $719,922 +7.5% |
| 2019 | $6,533 -8.5% | $669,753 |
| 2018 | $7,141 +0.3% | $669,753 +2.3% |
| 2017 | $7,118 +5.3% | $654,492 -7.8% |
| 2016 | $6,760 -2.7% | $709,762 +33.7% |
| 2015 | $6,947 | $530,880 |
Find assessor info on the county website
Monthly payment
Est. payment






