This 2 bed, 1 bath 528 sq. ft. bungalow is located in the Shady Palms Condo Association. There are only 7 units, each with access to a shared pool, and a community boat ramp on the street. The low monthly HOA dues of $358 cover weekly grounds keeping and pool maintenance. It is located in Lower Matecumbe Key, the southernmost and most quiet of the 4 islands that make up Islamorada, also known as The Village of Islands. This is a very unique property for the investor who wants to own a vacation rental property in Islamorada because it is zoned as a motel and can be rented nightly, or kept as a second home (or both). This unit has had a highly successful rental history with a 5-star rating and many repeat guests. These units are currently renting for up to $385 per night. Since 2020, however, the owners of this unit have kept the property as their second home and have made extensive improvements including: New kitchen (gutted) granite tops, under cabinet lighting, new cabinetry and new appliances (2022). New bathroom - shower, sink, vanity, toilet, lighting, tiling (2019) New tile floors throughout the whole house (2019). New washer and dryer (2020). New living and bedroom furnishings (2021). New, expanded composite deck (2021). New Deck Furniture (2021) Newer central A/C unit, under warranty thru 2025. New On Demand water heater (2022) New concrete support columns under the house (2021). In addition: Extensive landscaping - sea grapes, buttonwoods, palms, clusias, ixoras, fruit trees, etc. (2018-2022) Completely resurfaced and newly tiled pool with new salt filter (2020), and a brand-new pool fence (2022). This clean and current property has a private side yard, a spacious back yard, and is accessed by the safe and quiet dead-end street - Cortez Drive.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
