$1,360,000
$115K PRICE DROP

87851 Old Hwy Unit M35 Islamorada, FL 33036

Estimated payment $9,985/month

Total Views 6,082
2 Beds
2 Baths
1,736 Sq Ft
$783 Price per Sq Ft

Highlights

  • Ocean Front
  • Boat Ramp
  • Beach
  • Plantation Key School Rated A-
  • Dock Facilities
  • 1-minute walk to Indian Key

About This Home

This updated resort-style condo at Ocean Harbour in Islamorada offers a perfect blend of luxury, convenience, and natural beauty. There are expansive Atlantic Ocean views from the living and primary bedroom. The unit location within a gated community ensures privacy and tranquility, while the lush tropical landscaping adds to the overall peaceful atmosphere. Inside, the condo has been thoughtfully updated, with a spacious 2-bedroom, 2-bath layout that combines comfort with style. The spacious kitchen is ideal for both everyday meals and entertaining guests. Meanwhile, the living room has been expanded by incorporating the screened porch, creating a larger, more inviting space for relaxation and social gatherings.The split floor plan provides privacy and space for all, with the luxurious primary suite offering ocean views, a spa-like en-suite bath, and a generous walk-in closet. The guest bedroom offers a beautiful sized room for family and guest to relax after an incredible day in the Keys.With over 12 acres of meticulously maintained tropical grounds, the community offers top-notch amenities such as a marina, tennis and pickleball courts, a clubhouse, gym, tiki bar with BBQ, car charging stations, and trailer storage.Ocean Harbour is a highly sought-after community in Islamorada, known for its luxury living in one of the most coveted locations in the Florida Keys. Rental boat slips are available in the marina, adding to the allure of this prime oceanfront property.

Listing Agent

Cynthia Hughes

Ocean Sotheby's International Realty License #3105145 Listed on: 01/17/2025

Ocean Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,636

Year Built

  • Built in 1989 | Remodeled

Lot Details

  • Ocean Front
  • Sandy Beach
  • Fenced
  • Sprinkler System

HOA Fees

  • $2,047 Monthly HOA Fees

Property Views

  • Ocean
  • Harbor

Home Design

  • Concrete Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 1,736 Sq Ft Home
  • Furnished
  • Tile Flooring

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Quartz Countertops
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Covered Parking
  • Electric Gate
  • Guest Parking
  • Open Parking
  • Assigned Parking

Accessible Home Design

  • Accessible Elevator Installed
  • Accessible Parking

Pool

  • Concrete Pool
  • In Ground Pool
  • Spa

Outdoor Features

  • Boat Ramp
  • Dock Facilities
  • Outdoor Storage
  • Tiki or Chickee Hut

Utilities

  • Central Heating and Cooling System
  • Separate Meters
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00415140-000117

Community Details

Overview

  • Association fees include bldg exterior mnt, security, common area mnt
  • Ocean Harbor Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Amenities

  • Clubhouse

Recreation

  • Boat Ramp
  • Boat Dock
  • Beach
  • Tennis Courts
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • Resident Manager or Management On Site
  • Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,636

Year Built

Built in 1989 | Remodeled

Lot Details

0

HOA Fees

$2,047 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Approval Required: Yes
  • Association Fee: 6142.00
  • Mandatory HOA: Yes
  • Control Depth: 5
  • Fee Includes: Bldg Exterior Mnt, Security, Common Area Mnt
  • Key Island: Plantation Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 87.50
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool, Spa, Beach, Fire Hydrant, Manager on Premises, Tennis Courts, Clubhouse, Community Boat Ramp, Community Dockage
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 8635.68
  • Title: Title Ins - Buyer
  • Vehicle Storage: Assigned Parking, Trailer Storage, Covered Parking, Guest Parking, Open Parking
  • Year Built: 1989
  • Alternate Key Number: 8763549
  • Cooling Heating: Central Air
  • Pool Info: In Ground, Concrete
  • Association Maintenance Fee Per: Quarterly
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1736.00
  • Pre Wired: Cable
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Unit Complex: Unit
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Split Bedroom, Built-in Cabinets, Quartz Countertops, Walk-in Closet(s)
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Disposal, Microwave, Oven, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 2
  • Accessibility Features: Accessible Elevator Installed, Parking

Exterior Features

  • Dockage: Dock Privileges, Other Dockage, Boat Ramp
  • Waterfront: Oceanfront
  • Waterfront: Yes
  • Construction: CBS, Concrete
  • Exterior Features: Chickee Hut, Tennis Court(s), Storage, Sprinkler System, Sandy Beach, Hot Tub, Fencing
  • Roof: Concrete Roof
  • Waterview: Ocean View, Harbor/Marina View, Open Water View
  • Pool: Yes

Utilities

  • Security: Electric Gate
  • Utilities: FKAA, Water Separate Meter, Cable Available, Elect Separate Meter, Municipal Sewer
  • Heating: Central

Lot Info

  • Deed Restrictions: Yes
  • Flood Zone: AE,AE,AE,VE,VE,VE,0.
  • Parcel Number: 00415140-000117
  • Land Size: 10 or more Acres

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2023

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,636 $1,007,480 -- $1,007,480
2023 $8,636 $1,007,769 $0 $1,007,769
2022 $7,524 $762,713 $0 $762,713
2021 $6,510 $621,547 $0 $621,547
2020 $2,188 $212,894 $0 $212,894
2019 $2,173 $208,108 $0 $208,108
2018 $2,130 $204,228 $0 $0
2017 $5,793 $546,759 $0 $0
2016 $5,933 $528,246 $0 $0
2015 $5,488 $494,380 $0 $0
2014 $5,822 $521,225 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2025 05/21/25 Price Changed $1,360,000 -2.5% $783 / Sq Ft
02/10/2025 02/10/25 Price Changed $1,395,000 -5.4% $804 / Sq Ft
01/17/2025 01/17/25 For Sale $1,475,000 +74.6% $850 / Sq Ft
05/18/2021 05/18/21 Sold $845,000 -2.3% $550 / Sq Ft
04/20/2021 04/20/21 For Sale $865,000 +39.5% $563 / Sq Ft
07/20/2017 07/20/17 Sold $620,000 -7.3% $358 / Sq Ft
06/03/2017 06/03/17 Pending -- -- --
01/24/2017 01/24/17 For Sale $669,000 -- $386 / Sq Ft
Source: Florida Keys Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $845,000 Coral Reef Title Company
Warranty Deed $620,000 Coral Reef Title Co
Warranty Deed $1,000,000 Atlantic Title Insurance Co
Warranty Deed $552,400 --
Warranty Deed $193,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $591,500 New Conventional
Previous Owner $431,000 No Value Available
Previous Owner $431,000 New Conventional
Previous Owner $620,000 New Conventional
Previous Owner $700,000 Purchase Money Mortgage
Source: Public Records

Similar Homes in Islamorada, FL

  • 101 Gulfview Dr Unit 116D & 30' Boat slip, Islamorada, FL 33036

    $1,225,000

    • 3 Beds
    • 2 Baths
    • 2,026 Sq Ft
    • 101 Gulfview Dr
    • Unit 116D & 30' Boat slip
    • Islamorada, FL

    Bay Harbour condos, located at MM 74.5 on Lower Matecumbe is a very desirable community. BAY HARBOUR ALLOWS 7-DAY RENTALS. Transient Rental License can be obtained from the Village of Islamorada that allows weekly rentals which are restricted in most communities in Islamorada and indeed all of Monroe County. This 2,000 sq. ft three-bedroom, two and a half bathrooms has a view of the sunrise on

    Judy Rossignol Realty One Group Engage the Keys

    Section Image
  • 101 Gulfview Dr Unit 114D & 30' boat slip, Islamorada, FL 33036

    $1,125,000

    • 3 Beds
    • 2.5 Baths
    • 2,026 Sq Ft
    • 101 Gulfview Dr
    • Unit 114D & 30' boat slip
    • Islamorada, FL

    Ideal location in the desirable Bay Harbour community. Convenient access to Florida Bay and the Atlantic Ocean. Community amenities include a pool, hot tub, gym, and clubhouse. Perfect for year-round living or as a vacation rental as Bay Harbour allows 7-day rentals with a Village Vacation Rental License. This condo has a 16,000# boat lift in the designated boat slip.

    Judy Rossignol Realty One Group Engage the Keys

    Section Image
  • 87851 Old Hwy Unit M3, Islamorada, FL 33036

    $1,095,000

    • 2 Beds
    • 2 Baths
    • 1,536 Sq Ft
    • 87851 Old Hwy
    • Unit M3
    • Islamorada, FL

    Experience the relaxed lifestyle of Islamorada at its finest, Ocean Harbor Condominiums. This first-floor unit sits directly above its assigned covered parking space and is conveniently closest to the elevator for easy access. A private backyard staircase leads you straight to the pool and beach is just steps from your door. Whether you're seeking a personal retreat, a monthly vacation rental, or

    Kelly Randin RE/MAX All Keys Real Estate

    Section Image
  • 87851 Old Hwy Unit K26 and 30ft Boat Sl, Islamorada, FL 33036

    $1,395,000

    • 3 Beds
    • 2 Baths
    • 1,813 Sq Ft
    • 87851 Old Hwy
    • Unit K26 and 30ft Boat Sl
    • Islamorada, FL

    Yes, it has a Boat Slip! Ocean Harbour 3/2 ocean view condo with a 30 ft. boat slip (#48) plus a boat lift! This super private end unit offers porches off of every bedroom and is tucked in at the far end of the last building, so it offers the most private location in Ocean Harbour. Relax and enjoy open water views from this rare three-bedroom in one of Islamorada's most prestigious communities.

    Brett Newman Coldwell Banker Schmitt Islamorada

    Section Image
  • 87851 Old Hwy Unit M32, Islamorada, FL 33036

    $1,195,000

    • 2 Beds
    • 2 Baths
    • 1,536 Sq Ft
    • 87851 Old Hwy
    • Unit M32
    • Islamorada, FL

    THE place to live in the Upper Florida Keys! 3rd floor 2 bedroom, 2 bath condo with sensational ocean views. Waterfront clubhouse with exercise room and ample space for private parties. 50 slip marina with dockage available for rent. Prior to a dip in the pool work off a little energy on the tennis courts or a casual set of pickleball. Lounge under the tikis on the 12 tropically landscaped

    Eric Johnson Century 21 Circle- Islamorada

    Section Image
  • 87851 Old Hwy Unit M26, Islamorada, FL 33036

    $1,425,000

    • 3 Beds
    • 2 Baths
    • 87851 Old Hwy
    • Unit M26
    • Islamorada, FL

    This luxury gated enclave offers breathtaking ocean views and lush tropical grounds with top-tier amenities, including a tennis/pickleball court, oceanfront clubhouse, fitness center, waterfront pool, marina with boat slip rentals, beachside tiki hut with BBQ, and car charging stations. This spacious unit boasts ocean views from nearly every room, with an expansive screened-in balcony accessible

    Will Langley Langley Knight Gardner Islamorada

    Section Image
  • 88181 Old Hwy Unit 3F, Islamorada, FL 33036

    $1,239,000

    • 2 Beds
    • 2 Baths
    • 1,330 Sq Ft
    • 88181 Old Hwy
    • Unit 3F
    • Islamorada, FL

    50' slip comes with this 2 bedroom / 2 bathroom condo in Coral Harbour. The units boasts 1,330sf of living space, peek-a-boo ocean views, large outdoor living area, impact windows and sliding glass doors, washer and dryer in the unit and a spacious kitchen. Primary bedroom and living area has impact sliders that lead to the outdoor living area. This complex has many great amenities - marina, fuel

    Claire Johnson Coastal Realty of the Florida Keys

    Section Image
See All Homes in Islamorada

Source: Florida Keys Board of REALTORS®

MLS Number: 613200

Florida Keys Board of REALTORS®

APN: 00415140-000117

Florida Monroe County Islamorada 33036

87851 Old Hwy Unit M35, Islamorada, FL

This home is located at 87851 Old Hwy Unit M35, Islamorada, FL 33036 and is currently priced at $1,360,000, approximately $783 per square foot. This property was built in 1989. 87851 Old Hwy Unit M35 is a home located in Monroe County with nearby schools including Plantation Key School, Coral Shores High School, and Treasure Village Montessori Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Keys Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Listing Agent
Cynthia Hughes
Section Image
Ocean Sotheby's International Realty
(786) 891-6810