87851 Old Highway, Unit M3

Islamorada, FL 33036

$1,055,000
Price
2
Beds
2
Baths
1,536 Sq. Ft.
$687 / Sq. Ft.
1,536
Sq. Ft.
$687
per Sq. Ft.

Description

Fully renovated condo and a successful monthly vacation rental with $36K YTD and $28K in upcoming bookings! Ocean Harbour is a gated oceanfront complex with 68 units, marina, pool, jacuzzi, beach, clubhouse, gym, boat ramp, trailer parking, tennis/pickleball courts and more! Seller has grossed over 36K in monthly rentals YTD, with future bookings in place, ask for details. Unit M3 is located in the Matecumbe building and has gorgeous ocean views as well as great sunrise views year round. Located...Fully renovated condo and a successful monthly vacation rental with $36K YTD and $28K in upcoming bookings! Ocean Harbour is a gated oceanfront complex with 68 units, marina, pool, jacuzzi, beach, clubhouse, gym, boat ramp, trailer parking, tennis/pickleball courts and more! Seller has grossed over 36K in monthly rentals YTD, with future bookings in place, ask for details. Unit M3 is located in the Matecumbe building and has gorgeous ocean views as well as great sunrise views year round. Located on the first floor above parking, this unit also includes stairs off your back porch to easily reach all the amenities that Ocean Harbour has to offer. Inside the unit you'll find a spacious 1536 SF of living space (rare to find in a condo in the Keys) and a split floor plan that offers privacy for you and your guests. The unit is being sold furnished & turn-key. The kitchen is generous in size and is fully updated with gorgeous granite counters, stainless appliances and has the perfect office nook. The primary suite faces the ocean with stunning views and also has access to the porch. Take in the views while sitting in your living room and have your coffee on your screened porch and watch the sunrise. In the evenings, walk down to the tiki on the point and enjoy a cocktail. The beach area with tikis is perfect for lounging and reading that good book and the pool is close by to cool off when the sun gets too warm. Boat slips are available for lease through the association. The oceanfront clubhouse is nice for entertaining a larger group and the gym upstairs makes it easy to work out when you're admiring the ocean! If you like to barbecue, there's a large tiki with a gas grill conveniently located near your unit. Covered parking for 1 car plus guest parking. Storage closet right outside your front door. Two pets any size are welcome. Pre-approval letter or Proof of Funds needed for all showings.
  1. Listed by Amy Puto • Coldwell Banker Schmitt Real Estate Co.

Property Details for 87851 Old Highway, Unit M3

Waterfront
Oceanfront, Open Water
Waterfront
Yes
Zoning
MF - Multi-Family Attached
Subdivision
Ocean Harbor (87.5)
Vehicle Storage
Assigned Parking, Covered Parking, Guest Parking, Open Parking
LISTING UPDATED: 09/25/2024 09:48 AM

Property Details for 87851 Old Highway, Unit M3

StatusActive
MLS #609387
Days on Market228
Taxes$8,140 / year
HOA Fees-
Condo/Co-op Fees$3,117 / quarter
Compass TypeCondo
MLS TypeResidential / Condo
Year Built1989
CountyMonroe County

Building

87851 Old Hwy

68 Units4 StoriesBuilt in 1989

Building Information for 87851 Old Highway, Unit M3

Building/Complex87851 Old HwyFloor-Stories4Residences68Pet PolicyAllowedYear Built1989

Property Information for 87851 Old Highway, Unit M3

Summary
Location and General Information
  • Waterview: Ocean View, Open Water View
  • Area: 25 - Plantation Key
  • Absolute Longitude: 80.558472
  • Control Depth: 4
  • Off Shore Island: No
  • Listing Board: Marathon/Lower Keys
  • Side: Ocean
  • Unit/Complex: Complex
  • Mile Marker: 87.5
  • Marathon Neighborhood: N/A
  • Neighborhood Feature: Community Pool, Other Area Features, Beach, Manager on Premises, Tennis Courts, Clubhouse, Community Boat Ramp
  • Key/Island: Plantation Key
Owner
  • Owner Name: Owner of Record
Taxes and HOA Information
  • Association Info: Mandatory Home Owners Asc: Yes
  • Association Info: Condo Doc's: Yes
  • Association Info: 1st Right of Refusal: No
  • Association Info: Assoc Approval Req: Yes
  • Fee Includes: Bldg Exterior Mnt, Security, Common Area Mnt
  • Furnished: Furnished
  • Tax Year: 2023
  • Tax Exemptions: None
Property
Lot Information
  • Parcel #: 00415140-000103
  • Land Size: 10 or more Acres
Property and Assessments
  • Legal: UNIT M-3 OCEAN HARBOUR, A CONDOMINIUM
  • MLS Approved: Y
  • Limited Representation: No
  • SqFt Source: Property Data Card
  • Flood Zone: AE,AE,AE,VE,VE,VE,0.
  • Rentals Allowed: With Restrictions
  • Deed Restrictions: Yes
  • Picture Count: 64
  • Document Count: 1
  • Building Style: Above Flood: Yes
  • Property Condition: Updated/Remodeled
  • Security: Electric Gate
  • Title: Title Ins - Buyer
Utilities
  • Utilities: FKAA, Water Separate Meter, Cable Available, Elect Separate Meter, Municipal Sewer
  • Pub Sewer HkUp: Yes
  • Species List: Yes
  • Pool: Yes
  • Pool Info: Heated: Yes
  • Pool Info: In Ground, Decked, Concrete
  • Porch/Balcony: Screened P/B
Interior and Exterior Features
Interior Features
  • Floor: Tile
  • Interior Features: Drapes/Blinds Incl, Granite Counter Top, Walk-in Closet(s), Storage, Elevator, Split Bedroom
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Freezer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
Exterior Features
  • Roof: Concrete Roof
  • Shutters: Accordion
  • Construction: CBS, Combo Construction
  • Dockage: Other Dockage
  • Exterior Features: Chickee Hut, Tennis Court(s), Storage, Sandy Beach, Hot Tub, Gazebo
  • Windows/Doors: Sliding Glass Doors, Impact Rstnce Window, Impact Rstnce Doors

Property History for 87851 Old Highway, Unit M3

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 87851 Old Highway, Unit M3

Taxable ValueLand-Additions$838,221Total-
Tax Record2023$8,140 ($678 / month)
Home Facts
Beds2Baths2Total Finished SqFt1,536 SqFtAbove Grade Finished SqFt1,536 SqFtLot Size565,977 SqFtStyleCondominiumYear Built1989CountyMONROEAPN00415140-000103

Schools near 87851 Old Highway, Unit M3

This home is within Monroe.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 6 to 12
Charter - PK to 8
Rating
School
Distance
Plantation Key School
PublicPK to 8

Key West High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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87851 Old Highway, Unit M3 is a condo for sale in Islamorada, FL 33036. This property was listed for sale on April 1, 2024 by Coldwell Banker Schmitt Real Estate Co., it's currently listed at $1,055,000. It has been on the market for a total of 228 days and was last sold on August 31, 2022. This listing's school district is Monroe. Nearby schools include Plantation Key School, Key West High School and Upper Keys Academic Connections for Excellence. 87851 Old Highway, Unit M3 is a 2-bed, 2-bath, 1,536 sqft condo built in 1989.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Coldwell Banker Schmitt Real Estate Co.

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.