Sold for $5,250,000

$5,250,000

75261 Overseas Hwy, Islamorada, FL 33036

4beds

3,014sqft

Single Family Residence

Built in 2020

0.46 Acres Lot

$5,353,300 Zestimate^®

$1,742/sqft

$6,934 Estimated rent

Home value

$5,353,300

$4.93M - $5.84M

$6,934/mo

Zestimate^® history

Owner options

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$6,934/mo

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$6,934/mo

Rent Zestimate^®

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$32,193/mo

Est. payment

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$32,193/mo

Est. payment

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What's special

Welcome home to the Balboa Beach House! This classic and simple beauty sits perched on the edge of the Atlantic on the southern side of Islamorada, Lower Matecumbe. Enter this custom built 2020 home and immediately feel yourself relax. Split floor plan offers 3 bedrooms, two bathrooms on second floor and entire third floor primary bedroom and bath. Additional features include office, laundry room, storage rooms and elevator. The seaside salt pool has a jacuzzi and both heater and chiller. Ample covered parking and entertainment areas both ground level and on the extra wide veranda. This beach is everything you've dreamed of; kayak, paddleboard, float or fish right in your back yard, one of the most coveted areas on Earth.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 3

Heating

Has Heating (Unspecified Type)

Cooling

Central Air, Ceiling Fans(s)

Appliances

Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Disposal, Wine Cooler, Stainless Steel Appliance(s)
Laundry: Laundry Room

Features

Elevator, Storage, Walk-in Closet(s), Quartz Countertops
Flooring: Tile

Interior area

Total structure area: 3,014
Total interior livable area: 3,014 sqft

Property

Parking

Parking features: Open, Storage
Has uncovered spaces: Yes

Features

Patio & porch: Open Porch/Balcony
Exterior features: Outdoor Shower, Sandy Beach, Storage
Has private pool: Yes
Pool features: In Ground, Salt Water
Has spa: Yes
Spa features: Heated
Fencing: Privacy
On waterfront: Yes

Lot

Size: 0.46 Acres

Details

Additional structures: Shed(s)
Parcel number: 00398910000000
Zoning: R1 - Residential Single Family
Other equipment: Irrigation Equipment

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

CBS, Concrete

Condition

New Construction
New construction: Yes
Year built: 2020

Utilities & green energy

Utilities for property: Cable Available

Community & HOA

Community

Subdivision: Mat Ocean Beach (75.0)

HOA

Has HOA: No
Services included: None

Location

Region: Islamorada

Financial & listing details

Price per square foot: $1,742/sqft
Tax assessed value: $4,209,508
Annual tax amount: $26,987
Date on market: 1/18/2024
Listing terms: Cash,Conventional,FHA

Price history

Date	Event	Price
10/15/2024	Sold	$5,250,000-11%$1,742/sqft
Source: FLKMLS #608248 Report a problem
10/8/2024	Pending sale	$5,900,000$1,958/sqft
Source: FLKMLS #608248 Report a problem
10/2/2024	Contingent	$5,900,000$1,958/sqft
Source: FLKMLS #608248 Report a problem
7/11/2024	Price change	$5,900,000-9.2%$1,958/sqft
Source: Key West AOR #608248 Report a problem
3/4/2024	Price change	$6,500,000-7.1%$2,157/sqft
Source: Key West AOR #608248 Report a problem
1/18/2024	Listed for sale	$6,995,000+1065.8%$2,321/sqft
Source: FLKMLS #608248 Report a problem
3/26/2018	Sold	$600,000-4.6%$199/sqft
Source: FLKMLS #578293 Report a problem
2/23/2018	Price change	$629,000-7.4%$209/sqft
Source: American Caribbean Real Estate - Islamorada #578293 Report a problem
1/18/2018	Listed for sale	$679,000+50.9%$225/sqft
Source: American Caribbean Real Estate #578293 Report a problem
1/26/2015	Sold	$450,000$149/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$38,602 +42.1%	$4,209,508 +40.9%
2024	$27,167 +0.7%	$2,987,703 +3%
2023	$26,987 +46.1%	$2,900,683 +75%
2022	$18,469 +5.8%	$1,657,812 +10%
2021	$17,464 +146%	$1,507,102 +170.8%
2020	$7,100	$556,566 +10%
2019	$7,100 +29.1%	$505,969 +4.5%
2018	$5,502 +7.8%	$484,215 +15.8%
2017	$5,103 +12.7%	$418,200 +10.4%
2016	$4,528 +3.2%	$378,772 +45.9%
2015	$4,386	$259,595