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For sale
  • $3,999,999

    77340 Overseas Hwy, Islamorada, FL 33036

    2beds
    928sqft
    : 
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    Single Family Residence
    Built in 1963
    0.79 Acres Lot
    $3,585,800 Zestimate®
    $4,310/sqft
    $-- HOA

    What's special

    Generous waterfront dockageProtected dockageWaterfront swimming poolTennis or pickleball courtExpansive outdoor livingExceptional lot sizeExisting legal nonconforming home
    Estate Opportunity Spanning 34,409 SF, this exceptional parcel offers a scale uncommon in Islamorada, providing the foundation for a spectacular Florida Keys residential estate.The exceptional lot size allows a discerning buyer to imagine the best. The site easily accommodates the vision of an estate property with pool, tennis or pickleball court, expansive outdoor living, caretaker's cottage, and generous waterfront dockage--all while maintaining privacy rarely achieved in the Keys.Positioned on a deep basin, the property provides protected dockage while being only seconds from Florida Bay and minutes under the bridge to the Atlantic Ocean, placing world-class backcountry and offshore fishing within immediate reach.An existing legal nonconforming home with a waterfront swimming pool currently sits on the property and may be used as a residence or rental while architectural plans and permits are finalized, offering flexibility during the planning process.For buyers who understand the value of land in the Florida Keys, this offering represents something increasingly difficult to find: the opportunity to create a custom waterfront estate tailored entirely to your vision, rather than inheriting someone else's.A remarkable parcel for a remarkable build.
    127 days
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    404
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    Zillow last checked:

    Listing updated:

    Listed by:

    Elizabeth Jolin 305-393-0994,

    Coldwell Banker Schmitt Islamorada

    Source: FLKMLS,MLS#: 619064MLS LogoOriginating MLS: Florida Keys

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Cooling
      • Central Air
      Appliances
      • Included: Dryer, Microwave, Oven, Refrigerator, Dishwasher
      • Laundry: Laundry Room
      Interior area
      • Total interior livable area: 928 sqft

      Property

      Parking
      • Parking features: Open
      • Has uncovered spaces: Yes
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Open Porch/Balcony
      • Has private pool: Yes
      • Pool features: In Ground, Decked
      • Has view: Yes
      • View description: Canal
      • Has water view: Yes
      • Water view: Canal
      • Waterfront features: Open Water, Waterfront, Seawall: Other
      Lot
      • Size: 0.79 Acres
      • Features: 1/2 - Less Than 1 AC
      Details
      • Parcel number: 00397200000000
      • Zoning: RE
      • Zoning description: Residential Estate

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • CBS
      Condition
      • Updated/Remodeled
      • New construction: No
      • Year built: 1963

      Utilities & green energy

      • Electric: Elect Separate Meter
      • Sewer: Municipal Sewer, Public Sewer
      • Utilities for property: FKAA, Buyer to Verify

      Community & HOA

      Community
      • Subdivision: Matecumbe Ocean Bay (75.0)
      HOA
      • Has HOA: No
      • Services included: Other
      Location
      • Region: Islamorada

      Financial & listing details

      • Price per square foot: $4,310/sqft
      • Tax assessed value: $1,876,149
      • Annual tax amount: $17,789
      • Date on market: 3/13/2026

        Estimated market value

        $3,585,800

        $3.41M - $3.77M

        $3,924/mo

        Price history

        DateEventPrice
        3/13/2026Listed for sale$3,999,999-4.8%$4,310/sqft
        Source: FLKMLS #619064 Report a problem
        3/1/2026Listing removed$4,200,000$4,526/sqft
        Source: FLKMLS #616155 Report a problem
        8/14/2025Listed for sale$4,200,000+100%$4,526/sqft
        Source: Key West AOR #616155 Report a problem
        12/16/2022Sold$2,100,000-12.5%$2,263/sqft
        Source: FLKMLS #602951 Report a problem
        11/22/2022Pending sale$2,399,999$2,586/sqft
        Source: FLKMLS #602951 Report a problem
        11/1/2022Listed for sale$2,399,999-4%$2,586/sqft
        Source: FLKMLS #602951 Report a problem
        8/12/2022Listing removed--
        Source: Owner Report a problem
        7/17/2022Listed for sale$2,500,000+63.5%$2,694/sqft
        Source: Owner Report a problem
        4/30/2021Sold$1,529,000-14.1%$1,648/sqft
        Source: FLKMLS #587337 Report a problem
        12/12/2020Listing removed$1,780,000+1735.1%$1,918/sqft
        Source: Brown Harris Stevens #A10739880 Report a problem
        11/17/2020Sold$97,000-85.7%$105/sqft
        Source: Public Record Report a problem
        8/28/2020Sold$679,000-61.9%$732/sqft
        Source: Agent Provided Report a problem
        7/6/2020Price change$1,780,000-6.3%$1,918/sqft
        Source: Brown Harris Stevens #A10739880 Report a problem
        3/16/2020Price change$1,900,000+137.8%$2,047/sqft
        Source: Brown Harris Stevens Miami #587337 Report a problem
        3/14/2020Price change$799,000-57.9%$861/sqft
        Source: Brown Harris Stevens #A10739880 Report a problem
        9/17/2019Price change$1,900,000-22.8%$2,047/sqft
        Source: Brown Harris Stevens #A10739880 Report a problem
        3/27/2019Listed for sale$2,460,000$2,651/sqft
        Source: Brown Harris Stevens Miami #584930 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$17,789 +7.1%$1,876,149 +6.9%
        2024$16,609 +4.3%$1,755,653 +7.1%
        2023$15,920 +67.3%$1,639,652 +77.3%
        2022$9,514 +0.5%$924,671 +5.1%
        2021$9,465 -30.1%$879,916 -28.3%
        2020$13,551 $1,226,748 -21.2%
        2019$13,551 +0.6%$1,556,501 +4.1%
        2018$13,473 +7.4%$1,495,256 -0.5%
        2017$12,550 +6.6%$1,502,569 +7.3%
        2016$11,774 +2.5%$1,400,335 -2%
        2015$11,481 $1,429,265
        Find assessor info on the county website

        Monthly payment

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 33036

        Getting around

        19 / 100
        Car-Dependent
        45 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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