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Sold for $590,000
  • $590,000

    79901 Overseas Hwy APT 404, Upper Matecumbe Key, FL 33036

    2beds
    981sqft
    Condominium
    Built in 1976
    -- sqft lot
    $570,000 Zestimate®
    $601/sqft
    $3,169 Estimated rent

    Home value

    $570,000

    $524,000 - $616,000

    $3,169/mo

    Zestimate® history
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    What's special

    New offering of a 2 bedroom/2 bath condo in an ocean front complex and priced under $600,000 in Islamorada! THE PALMS OF ISLAMORADA is one of the most desired and well-situated condo complexes in the heart of Islamorada. Conveniently located between Lazy Days Restaurant, Bud 'n Mary's Marina/Dive Center and Amara Cay Resort and the newly re-opened Papa Joe's Bar and Grill. Access to exceptional dining and water activities - diving, snorkeling, fishing, boat chartering, and boat storage is close at hand. The Palms offers a wide variety of activities - swim or snorkel in the ocean directly from the property - swim in the heated pool or soak in the hot tub at the water's edge. Keep up your exercise routine in the recently refurbished gyms. If you want to limit your sun exposure, relax, take a nap, or read a book under the Tiki. Bring your stand-up paddle board, kayak or non-motorized water toys and rent a storage rack near the onsite ramp. This unit comes completely furnished. Sellers will remove some personal items and art. This unit has been rented during the winter season and currently has rentals in place for Jan/Feb/March/April 2025 to returning guests. Seller requests that buyers honor these rentals. As a special bonus, sellers are offering to pay the remaining balance of $14,000 due on the current special assessment for spalling repairs.

    Zillow last checked:

    Listing updated:

    Listed by:

    Andrea (Andi) Saylor 305-407-4326,

    Paradise Florida Keys Real Estate, a Luxury Brand

    Source: FLKMLS,MLS#: 610888MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Has Heating (Unspecified Type)
    Cooling
    • Central Air, Ceiling Fans(s)
    Appliances
    • Included: Dishwasher, Refrigerator, Range, Oven, Microwave, Stainless Steel Appliance(s)
    Features
    • Built-in Features, Walk-in Closet(s)
    • Flooring: Tile
    • Furnished: Yes
    Interior area
    • Total structure area: 981
    • Total interior livable area: 981 sqft

    Property

    Accessibility
    • Accessibility features: Accessible Elevator Installed, Accessible Approach with Ramp
    Features
    • Patio & porch: Open Porch/Balcony
    • Exterior features: Chickee Hut, Lighting, Outdoor Shower
    • Has private pool: Yes
    • Pool features: In Ground, Concrete, Decked
    • Has spa: Yes
    • Spa features: Heated
    • Fencing: Fenced
    • On waterfront: Yes
    Details
    • Parcel number: 00096770004800
    • Zoning: MF - Multi-Family Attached

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    Materials
    • CBS, Concrete
    Condition
    • Year built: 1976

    Utilities & green energy

    • Utilities for property: Elect Separate Meter, Cable Available

    Community & HOA

    Community
    • Features: Manager on Premises
    • Security: Security Gate
    • Subdivision: Palms of Isla (80.0)
    HOA
    • Has HOA: Yes
    • Services included: Cable TV, Sewer, Pest Control, Water, Maintenance Structure, Insurance, Common Area Mnt, Security
    • HOA fee: $957 monthly
    Location
    • Region: Upper Matecumbe Key

    Financial & listing details

    • Price per square foot: $601/sqft
    • Tax assessed value: $486,699
    • Annual tax amount: $4,284
    • Date on market: 7/25/2024
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    2/13/2026Listing removed$6,300$6/sqft
    Source: Zillow Rentals Report a problem
    5/25/2025Listed for rent$6,300-3.1%$6/sqft
    Source: Zillow Rentals Report a problem
    12/19/2024Listing removed$6,500$7/sqft
    Source: Zillow Rentals Report a problem
    11/18/2024Price change$6,500+54.2%$7/sqft
    Source: Zillow Rentals Report a problem
    11/17/2024Listed for rent$4,216$4/sqft
    Source: Zillow Rentals Report a problem
    9/23/2024Sold$590,000-1.7%$601/sqft
    Source: FLKMLS #610888 Report a problem
    7/29/2024Contingent$599,900$612/sqft
    Source: Key West AOR #610888 Report a problem
    7/25/2024Listed for sale$599,900+299.9%$612/sqft
    Source: Key West AOR #610888 Report a problem
    11/10/1999Sold$150,000$153/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,862 +8.8%$486,699 +13.8%
    2024$4,469 +4.3%$427,507 +10%
    2023$4,285 +11.5%$388,643 +10%
    2022$3,842 +6.4%$353,312 +10%
    2021$3,611 +3.4%$321,193 +4.5%
    2020$3,491 $307,381 +9.1%
    2019$3,491 +5.9%$281,636
    2018$3,298 +0.3%$281,636 +4.5%
    2017$3,288 +5.5%$269,582
    2016$3,116 -2.4%$269,582 +15.5%
    2015$3,191 $233,344
    Find assessor info on the county website

    Neighborhood: 33036

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $570,000
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $570,000