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Sold for $1,700,000
  • $1,700,000

    82762 Overseas Hwy #3, Upper Matecumbe Key, FL 33036

    4beds
    2,728sqft
    Single Family Residence
    Built in 1992
    7,405 Square Feet Lot
    $1,712,100 Zestimate®
    $623/sqft
    $6,105 Estimated rent

    Home value

    $1,712,100

    $1.49M - $1.95M

    $6,105/mo

    Zestimate® history
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    What's special

    Boat dockageOpen loft bedroomCommunity dockBay view porchInternal spiral stairsCommunity poolOpen bay views
    Open Bay Views, Boat Dockage, Pool and more... all in the Heart of Downtown Islamorada! Have you been dreaming of living downtown, but can't find a home with dedicated boat dockage and open water views? If so, this custom 4/4 home in Madeira Bay is your dream come true! Enjoy open water views from the porch, living room, kitchen, loft and bedroom plus soaring ceilings and nearly 3,000 sf of spacious living space perfect for a large or extended family. The Madeira Bay gated community is a hidden treasure of only 8 homes tucked in behind one of Islamorada's most beloved local restaurants in a peaceful private neighborhood. In addition to the community dock there is also a community pool and a gradual shoreline for launching a boat, paddle board or kayak or for wading directly into the bay with your rafts and floats! Inside, the stunning great room opens to the bay view porch on the main living level where there are also three bedrooms and two full baths in a split plan. There is also an open loft bedroom with full bath upstairs just off the great room featuring beautiful bay views. The fully permitted downstairs is connected by internal spiral stairs and adds a separate ground level entrance plus a spacious second living room, wet bar area for entertaining, plus a private guest bedroom with a full bath and outdoor porch. There is also an attached garage for protected parking and/or storage. The downtown location offers immediate access to shopping, fine dining, bars, galleries, art studios and all the regular local art festivals, full moon parties and events. Madeira Bay homes rarely come on the market and this one is a must see!

    Zillow last checked:

    Listing updated:

    Listed by:

    Brett Newman 305-393-1770,

    Coldwell Banker Schmitt Islamorada

    Bought with:

    Patti Stanley, 0427521

    Coldwell Banker Schmitt Islamorada

    Source: FLKMLS,MLS#: 614741MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    Cooling
    • Central Air
    Appliances
    • Included: Washer, Dryer, Refrigerator, Range, Oven
    Features
    • Flooring: Tile, Carpet
    Interior area
    • Total structure area: 2,728
    • Total interior livable area: 2,728 sqft

    Property

    Parking
    • Parking features: Attached, Open
    • Has attached garage: Yes
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Open Porch/Balcony, Deck
    • Has private pool: Yes
    • Pool features: In Ground, Concrete, Decked
    Lot
    • Size: 7,405 Square Feet
    Details
    • Parcel number: 00404450000103
    • Zoning: R1 - Residential Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Frame
    Condition
    • Year built: 1992

    Utilities & green energy

    • Utilities for property: Water Separate Meter, Elect Separate Meter, Cable Available

    Community & HOA

    Community
    • Features: Community Dockage
    • Security: Security Gate
    • Subdivision: Madeira Bay (82.5)
    HOA
    • Has HOA: Yes
    • Services included: Common Area Mnt, Security, Other
    • HOA fee: $5,950 annually
    Location
    • Region: Upper Matecumbe Key

    Financial & listing details

    • Price per square foot: $623/sqft
    • Tax assessed value: $1,442,940
    • Annual tax amount: $12,738
    • Date on market: 4/21/2025

    Price history

    DateEventPrice
    3/30/2026Sold$1,700,000-10.5%$623/sqft
    Source: FLKMLS #614741 Report a problem
    3/19/2026Pending sale$1,900,000$696/sqft
    Source: FLKMLS #614741 Report a problem
    2/24/2026Contingent$1,900,000$696/sqft
    Source: FLKMLS #614741 Report a problem
    1/25/2026Price change$1,900,000-3.8%$696/sqft
    Source: FLKMLS #614741 Report a problem
    12/29/2025Price change$1,975,000-1.2%$724/sqft
    Source: FLKMLS #614741 Report a problem
    11/28/2025Price change$1,999,999-8.9%$733/sqft
    Source: Key West AOR #614741 Report a problem
    10/27/2025Price change$2,195,000-8.4%$805/sqft
    Source: FLKMLS #614741 Report a problem
    9/26/2025Price change$2,395,000-7.7%$878/sqft
    Source: Key West AOR #614741 Report a problem
    7/28/2025Price change$2,595,000-3.7%$951/sqft
    Source: FLKMLS #614741 Report a problem
    4/21/2025Listed for sale$2,695,000+450%$988/sqft
    Source: FLKMLS #614741 Report a problem
    4/12/2001Sold$490,000+69%$180/sqft
    Source: FLKMLS #503900 Report a problem
    11/19/1997Sold$290,000$106/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$12,782 +0.3%$1,442,940 -0.2%
    2024$12,738 -2.2%$1,445,343 0%
    2023$13,029 +46.5%$1,445,358 +88.1%
    2022$8,893 +19.2%$768,274 +10%
    2021$7,463 -0.7%$698,431 +0.2%
    2020$7,512 $696,993 +9.7%
    2019$7,512 +7.3%$635,443 -1.7%
    2018$6,998 +5.9%$646,173 +11.7%
    2017$6,610 +11.7%$578,255 +6.9%
    2016$5,920 +2.2%$540,960 +25%
    2015$5,791 $432,778
    Find assessor info on the county website

    Neighborhood: 33036

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,712,100
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,712,100