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
Listing Office: Paradise Florida Keys Real Estate, a Luxury Brand
Last Updated: February - 10 - 2026
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