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79901 Overseas Highway 218, Upper Matecumbe Key Islamorada, FL 33036
$380,000
Property Type:
Residential
Bedrooms:
1
Baths:
2
Square Footage:
827
Status:
Closed
Current Price:
$380,000
List Date:
9/09/2025
Last Modified:
2/10/2026
Description
LET'S MAKE A DEAL! Seller has just reduced this condo by $50,000. At this price, this updated 1BR/1.5BA condo is the largest one bedroom condo available for sale in the Upper Keys. Located at The Palms of Islamorada, Mile Marker 79.9, this is one of the area's premier ocean front complexes. Jump on this opportunity now. Grab this unit before someone else does. The Palms of Islamorada oceanfront condominium complex offers many luxuries heated pool, hot tub, several small Tiki's for sun shade, large Tiki with outdoor TV, fish cleaning station, boat rack and ramp for non-motorized water toys, fire pit, separate men's and women's exercise rooms with updated equipment, community gathering room with kitchen, and lush tropical landscaping. Minimum 28 day rentals ensure minimum turnover. While this unit does not have ocean views, the complex does. The property has unobstructed views of the Atlantic Ocean and faces Alligator Reef lighthouse. Have your morning coffee on the 2nd floor veranda just steps from this unit and watch the fishing boats head out for the day. Why pay rent when you can own? 827 SF of living space and lots of storage make this unit a comfortable place to call home or rent for income. Numerous recent updates include: new stainless dishwasher; new range/oven; and refrigerator; on-demand hot water heater; central air; balcony; luxury waterproof engineered floors; and walk-in closet. The Palms Condominiums has completed the state mandated SIRS and MILESTONE inspections. Reports are available upon request and this unit has a wind mitigation certification. The furnishings in the photos are 'virtual' to help envision how spacious each room is. There is no furniture included.
Islamorada, Florida, is known as the ''Sportfishing Capital of the World'' and offers numerous water sports, fishing charters, marine parks and coral reefs for snorkeling and diving.
More Information MLS# 616424
Contract Information
Current Price: $380,000
Listing Date: 2025-09-07
Listing Board: Florida Keys
Sold Price: $380,000
As is Rght to Inspct: Yes
Location Tax Legal
Street #: 79901
Street Name: Overseas
Street Suffix: Highway
Key/Island: Upper Matecumbe Key Islamorada
State/Province: FL
Zip Code: 33036
County: Monroe
Subdivision: Palms of Isla (80.0)
Area: 23 - Upper Matecumbe
General Property Description
Realtor.COM Type: Residential - Condo/Townhouse
Style: Condo
Waterfront: Yes
Control Depth: 1
Unit/Complex: Complex
Pool: Yes
Year Built: 1976
Total Units: 84
Living Apx SqFt: 827
SqFt Source: Property Data Card
Total Bedrooms: 1
Full Baths: 1
Half Baths: 1
Total Baths: 2
Floor Number: 2
Rentals Allowed: With Restrictions
Min Rental Days: 28
Status Change Info
Sold Date: 2026-02-09
Sold Price: $380,000
Status: Closed
Association Info
Mandatory Home Owners Asc: Yes
Condo Doc's: Yes
1st Right of Refusal: No
Assoc Approval Req: Yes
Association Fee $: 2289
Assoc/Mnt Fee Per: Quarterly
Building Style
Above Flood: Yes
Stories: 5 Stories
Vehicle Storage
Car(s): 1
Pets
Pets w/Restrictions: Max 20 lbs.
Property Features
Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Exterminating; Security; Sewer; Water
Tax Exemptions: None
Waterfront: Oceanfront
Waterview: No Waterview
Dockage: None
Property Condition: Updated/Remodeled
Vehicle Storage: Assigned Parking; Guest Parking; Off Street Parking; Vehicle Restrictions
Furnished: Unfurnished
Cooling: Ceiling Fans(s); Central Air
Heating: Central
Utilities: Elect Separate Meter; FKAA; Municipal Sewer
Interior Features: Built-in Cabinets; Drapes/Blinds Incl; Elevator; Pantry; Quartz Countertops; Walk-in Closet(s); Window Treatments
Pre-Wired: Cable
Specialty Rooms: Gym; Laundry Room
Appliances: Dishwasher; Disposal; Freezer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s)
Exterior Features: Chickee Hut; Fencing; Hot Tub; Lighting; Outdoor Shower
Accessibility Feat: Accessible Elevator Installed; Wheelchair Ramp
Pool Info: In Ground; Concrete; Decked
Construction: CBS; Concrete
Shutters: Accordion
Floor: Laminate
Roof: Concrete Roof
Pets: Pets Allowed
Neighborhood Feature: Bike Paths; Clubhouse; Community Pool; Fire Hydrant; Manager on Premises; Spa; Other Area Features
Security: Electric Gate
Land Size: 2 Less Than 5 Acres
Terms: Cash; Conventional; No Seller Finance
Title: Title Ins - Buyer
GF-Interior Features: Tankless Hot Wtr Htr
Documents
Listing Office: Paradise Florida Keys Real Estate, a Luxury Brand
Last Updated: February - 10 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

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