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Sold for $1,450,000
  • $1,450,000

    79901 Overseas Hwy APT 516, Upper Matecumbe Key, FL 33036

    3beds
    1,484sqft
    Condominium
    Built in 1976
    -- sqft lot
    $1,463,300 Zestimate®
    $977/sqft
    $3,931 Estimated rent

    Home value

    $1,463,300

    $1.27M - $1.68M

    $3,931/mo

    Zestimate® history
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    What's special

    Hot tubOcean view community poolOpen ocean viewsSpectacular ocean viewsAdditional cabinet storageIn-unit laundryViews of alligator lighthouse
    Stunning and Expansive Open Ocean Views and views of Alligator Lighthouse from almost every room! This one-of-a-kind beautifully updated condo at The Palms is an absolute must see for THE MOST spectacular open ocean views in Islamorada! Top floor penthouses are rarely on the market, and this fully updated 3 bedroom/ 2 bathroom was renovated down to the studs with new plumbing, wiring and electric. It was also completely re-imagined to create an elegant split bedroom floor plan that creates a much more private primary suite with spectacular ocean views. The view from this condo is so remarkable that it was even tapped to shoot a scene in the Bloodline TV series that was filmed in the Florida Keys! In addition to constructing an all new open kitchen with open ocean views and high-end appliances, the renovation also added additional cabinet storage and space for an in-unit laundry. The penthouse has impact windows and sliding glass doors plus accordian shutters on the porch to keep your porch furniture safe and out of the weather when you're away. There's also an ocean view community pool, hot tub, men's and women's gyms, kayak storage and launch, a community room and a dedicated parking spot plus additional guest parking. The Palms of Islamorada is also just steps away from the famous Lazy Days and Papa Joe's restaurants and Bud N' Mary's Marina. This one-of-a-kind penthouse will not last... call today!

    Zillow last checked:

    Listing updated:

    Listed by:

    Brett Newman 305-393-1770,

    Coldwell Banker Schmitt Islamorada

    Bought with:

    Brett Newman, 555709

    Coldwell Banker Schmitt Islamorada

    Source: FLKMLS,MLS#: 616222MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Has Heating (Unspecified Type)
    Cooling
    • Central Air, Ceiling Fans(s)
    Appliances
    • Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Stainless Steel Appliance(s)
    Features
    • Granite Counters, Storage, Walk-in Closet(s)
    • Flooring: Tile
    • Furnished: Yes
    Interior area
    • Total structure area: 1,484
    • Total interior livable area: 1,484 sqft

    Property

    Features
    • Patio & porch: Open Porch/Balcony
    • Exterior features: Chickee Hut, Outdoor Shower
    • Has private pool: Yes
    • Pool features: In Ground, Concrete, Decked
    • Has spa: Yes
    • Spa features: Heated, Community
    • On waterfront: Yes
    Details
    • Additional structures: Gazebo
    • Parcel number: 00096770008000
    • Zoning: MF - Multi-Family Attached

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    Materials
    • CBS, Concrete
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1976

    Utilities & green energy

    • Electric: Cat 5
    • Utilities for property: Elect Separate Meter, Cable Available

    Community & HOA

    Community
    • Features: Clubhouse, Manager on Premises, Fire Hydrant, Bike Paths
    • 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: $1,124 monthly
    Location
    • Region: Upper Matecumbe Key

    Financial & listing details

    • Price per square foot: $977/sqft
    • Tax assessed value: $1,031,645
    • Annual tax amount: $8,784
    • Date on market: 8/21/2025
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    1/15/2026Sold$1,450,000-3.3%$977/sqft
    Source: FLKMLS #616222 Report a problem
    11/25/2025Pending sale$1,500,000$1,011/sqft
    Source: FLKMLS #616222 Report a problem
    11/10/2025Contingent$1,500,000$1,011/sqft
    Source: FLKMLS #616222 Report a problem
    8/21/2025Listed for sale$1,500,000+150.4%$1,011/sqft
    Source: FLKMLS #616222 Report a problem
    12/18/2012Listing removed$599,000$404/sqft
    Source: Coldwell Banker Schmitt #550633 Report a problem
    11/17/2012Listed for sale$599,000+8.9%$404/sqft
    Source: Coldwell Banker Schmitt #550633 Report a problem
    4/3/2012Sold$550,000-8.2%$371/sqft
    Source: FLKMLS #550633 Report a problem
    2/1/2012Listed for sale$599,000$404/sqft
    Source: Coldwell Banker Schmitt Real Estate Co. #550633 Report a problem
    1/29/2012Pending sale$599,000$404/sqft
    Source: Coldwell Banker Schmitt Real Estate Co. #550633 Report a problem
    9/3/2011Price change$599,000-14.1%$404/sqft
    Source: Coldwell Banker Schmitt Real Estate Co. #550633 Report a problem
    4/29/2011Price change$697,000-11.4%$470/sqft
    Source: Coldwell Banker Schmitt #550633 Report a problem
    2/24/2011Listed for sale$786,600$530/sqft
    Source: Visual Tour #550633 Report a problem
    12/30/2010Listing removed$786,600$530/sqft
    Source: Coldwell Banker Schmitt Real Estate Co. #550633 Report a problem
    10/6/2010Price change$786,600-10%$530/sqft
    Source: Coldwell Banker Schmitt Real Estate Co. #550633 Report a problem
    8/7/2010Price change$874,000-12.2%$589/sqft
    Source: Coldwell Banker Schmitt Real Estate Co. #550633 Report a problem
    6/26/2010Price change$995,000-13.5%$670/sqft
    Source: Coldwell Banker Schmitt Real Estate Co. #550633 Report a problem
    6/17/2010Listed for sale$1,150,000$775/sqft
    Source: Visual Tour #547226 Report a problem
    11/15/2009Listing removed$1,150,000$775/sqft
    Source: Coldwell Banker Schmitt Real Estate Co. #547226 Report a problem
    3/24/2009Price change$1,150,000-9.8%$775/sqft
    Source: Coldwell Banker Schmitt Real Estate Co. #547226 Report a problem
    1/18/2009Listed for sale$1,275,000$859/sqft
    Source: Coldwell Banker Schmitt Real Estate Co. #547226 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,400 +7%$977,567 +10%
    2024$8,784 +4.6%$888,697 +10%
    2023$8,397 +12.8%$807,906 +10%
    2022$7,446 +7.2%$734,460 +10%
    2021$6,944 +1.4%$667,691 +2%
    2020$6,846 $654,599 +8.5%
    2019$6,846 +5.8%$603,154
    2018$6,469 +1.4%$603,154 +11.9%
    2017$6,381 +11.8%$538,845
    2016$5,708 -2.5%$538,845 +15.7%
    2015$5,852 $465,695
    Find assessor info on the county website

    Neighborhood: 33036

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,463,300
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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
    $1,463,300