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For sale
    • $2,485,000

    81250 Overseas Hwy #2, Upper Matecumbe Key, FL 33036

    3beds
    2,072sqft
    : 
    $16,880/mo
    Get pre-qualified
    Single Family Residence
    Built in 1985
    1,657 Acres Lot
    $2,413,600 Zestimate®
    $1,199/sqft
    $2,683/mo HOA

    What's special

    Waterfront pool and gazeboPrivate balconyPrivate beachfront accessTwo bedroomsCovered parkingTwo bathroomsExpansive master suite
    Refined coastal living at Tarpon Flats, Islamorada's most exclusive bayfront enclave. This intimate, gated community consists of just 12 luxury residences spread across four beautifully landscaped acres. A stately paver driveway welcomes you to impeccably manicured grounds, where the charm of Old Florida meets the timeless elegance of Nantucket. This three-story home offers a thoughtful layout and spectacular bay views throughout. The ground floor features covered parking, a versatile multi-purpose room, and access through a gracious foyer entry. Upstairs, the main living level boasts an open-concept kitchen and dining area with panoramic bay vistas, two bedrooms, two bathrooms, and a tranquil porch ideal for enjoying sunset skies. The top floor is reserved for the expansive master suite, complete with a private balcony and sweeping waterfront views. Tarpon Flats offers an amenity-rich lifestyle tailored to the discerning buyer. Enjoy a waterfront pool and gazebo, private beachfront access, generous dockage for your skiff, a charming greenhouse, and a tennis court with shaded seating for guests. Adding to the ease of ownership, the community provides a full-time concierge service and an on-site handyman, ensuring both comfort and convenience year-round. Sophistication, privacy, and natural beauty converge in this exceptional Islamorada retreat--come discover what makes Tarpon Flats truly one of a kind.
    8 days
    |
    600
    |
    7
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Drew Moret 305-393-3331,

    Palm House Real Estate,

    AJ Vetter 305-304-8841,

    Palm House Real Estate

    Source: FLKMLS,MLS#: 620704MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      Cooling
      • Central Air
      Appliances
      • Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Disposal, Gas Appliances, Stainless Steel Appliance(s)
      • Laundry: Laundry Room
      Features
      • Storage, Walk-in Closet(s), Quartz Countertops
      • Flooring: Tile
      Interior area
      • Total structure area: 2,072
      • Total interior livable area: 2,072 sqft

      Property

      Features
      • Exterior features: Sandy Beach, Tennis Court(s)
      • Has private pool: Yes
      • Pool features: In Ground, Concrete
      • Fencing: Fenced
      • On waterfront: Yes
      Lot
      • Size: 1,657 Acres
      Details
      • Additional structures: Gazebo
      • Parcel number: 00404641000200
      • Zoning: R1 - Residential Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Townhouse
      • Property subtype: Single Family Residence
      Materials
      • CBS
      Condition
      • Year built: 1985

      Community & HOA

      Community
      • Features: Community Dockage, Clubhouse, Beach
      • Subdivision: Bay Colony Villas (81.5)
      HOA
      • Has HOA: Yes
      • Services included: Maintenance Structure, Insurance, Common Area Mnt
      • HOA fee: $8,050 quarterly
      Location
      • Region: Upper Matecumbe Key

      Financial & listing details

      • Price per square foot: $1,199/sqft
      • Tax assessed value: $1,693,979
      • Annual tax amount: $10,489
      • Date on market: 7/21/2026

        Estimated market value

        $2,413,600

        $2.29M - $2.53M

        $4,619/mo

        Price history

        DateEventPrice
        7/21/2026Listed for sale$2,485,000-12.8%$1,199/sqft
        Source: FLKMLS #620704 Report a problem
        7/1/2026Listing removed$2,850,000$1,375/sqft
        Source: FLKMLS #615038 Report a problem
        5/14/2025Listed for sale$2,850,000$1,375/sqft
        Source: FLKMLS #615038 Report a problem
        5/14/2024Listing removed--
        Source: FLKMLS #609215 Report a problem
        3/15/2024Listed for sale$2,850,000+208.1%$1,375/sqft
        Source: Key West AOR #609215 Report a problem
        8/15/2003Sold$925,000+42.3%$446/sqft
        Source: Public Record Report a problem
        12/31/1998Sold$650,000$314/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$10,489 +3.4%$1,099,983 +2.9%
        2024$10,145 +0.7%$1,068,983 +3%
        2023$10,075 +1.9%$1,037,848 +3%
        2022$9,890 -1.2%$1,007,620 +3%
        2021$10,013 +0.9%$978,272 +1.4%
        2020$9,923 $964,766 +2.3%
        2019$9,923 +0.3%$943,076 +1.9%
        2018$9,890 +2.4%$925,492 +2.1%
        2017$9,658 +4.1%$906,457 +2.1%
        2016$9,281 -3.4%$887,813 +0.7%
        2015$9,608 $881,642
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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

        55 / 100
        Somewhat Walkable
        65 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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