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$1,975,000

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 4 Full Baths
  • 2,728 Sq. Ft.
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82762 Overseas Highway #3, Islamorada, FLVideo Tour of 82762 Overseas Highway #3, Islamorada, FL.
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!

Full Property Details for 82762 Overseas Hwy #3

General

  • Price: $1,975,000
  • HOA FEE: $496/month
  • HOA FEE FREQ.: Yearly
  • Taxes: $12,738 (2024)
  • Status: Active
  • Type: Single Family
  • Source: 927
  • MLS ID: 614741
  • Updated: 12/29/2025
  • Added to Site: 271 day(s) ago

Interior

  • Interior Features: Cathedral Ceilings, Split Bedroom
  • Appliances: Washer, Oven, Range, Refrigerator, Dryer
  • Furnishings: Unfurnished
  • Flooring: Tile, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 4

Additional Information

  • Shared Amenities: Community Pool, Community Dockage
  • Shared Pool: Yes
  • Pool: Yes
  • Pool Description: In Ground, Decked, Concrete, Community pool
  • Security/Safety: Electric Gate

Exterior

  • Deck/Patio: Open Porch/Balcony, Deck

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Parking: Garage, Covered Parking, Off Street Parking, Guest Parking, Open Parking, Attached

Location

  • Area: 23 - Upper Matecumbe
  • County: Monroe
  • Subdivision: Madeira Bay (82.5)
  • Driving Directions: Mile marker 82.7 behind a private gate. Agent must accompany.

Community

  • Assoc. Fees Include: Common Area Mnt, Other, Security
  • Pets Allowed: Yes

Heating & Cooling

  • Cooling Type: Central Air

Utilities

  • Water: Bay/Gulf View, Open Water View
  • Utility Description: FKAA, Water Separate Meter, Cable Available, Elect Separate Meter, Buyer to Verify, Municipal Sewer

Structural Information

  • Architectural Style: Single Family
  • Construction: Frame
  • Roof: Metal Roof
  • Windows/Doors: Aluminum Windows, Other Windows/Doors
  • Dock Size: 30
  • Wiring: Cable
  • Stories/Levels: 2 Stories
  • Square Feet: 2,728
  • Sq. Ft. Source: Tax Records
  • Year Built: 1992

Lot Features

  • Lot Size (Sq. Ft.): 7,416
  • Lot Dimensions: irregular
  • Zoning: R1 - Residential Single Family

Water Features

  • Water View: Yes
  • Water Front Type: Bay Front, None
  • Boat Dock Slip: Yes
  • Dock Description: Assigned Dock, Boat Slip

Financial Considerations

  • Association Fee: Yes
  • Association Fee: $5,950
  • Assoc Fee Freq.: Yearly
  • Tax Amount: $12,738
  • Tax Year: 2024

Disclosures and Reports

  • Legal Description: UNIT 3 MADEIRA BAY A CONDOMINIUM & 1/8 INTEREST COMMON ELEMENTS (see deed)
  • Flood Zone: AE
  • Rentals Allowed: Yes
  • APN: 00404450-000103

Listed by Coldwell Banker Schmitt Islamorada, Brett Newman (305) 393-1770

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Listing agent

— 82762 Overseas Hwy #3 —

  • Brett Newman

    Coldwell Banker Schmitt Islamorada

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 82762 Overseas Hwy #3

School District:Monroe County School District, Middle Torch Key, FL
NameGradesDistance
Plantation Key School
100 Lake Road, Tavernier, FL 33070
PK-86.8 mi
Key West High School
2100 Flagler Avenue, Key West, FL 33040
9-1276.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 82762 Overseas Hwy #3 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/29/2025
Price Reduced
$1,975,000
-1.25%
MLS
11/28/2025
Price Reduced
$1,999,999
-8.88%
MLS
10/27/2025
Price Reduced
$2,195,000
-8.35%
MLS
9/26/2025
Price Reduced
$2,395,000
-7.71%
MLS
7/28/2025
Price Reduced
$2,595,000
-3.71%
MLS
4/21/2025
Listed
$2,695,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 82762 Overseas Hwy #3

Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,738
—
$1,442,940
—
2024
$12,738
-2%
$1,445,343
—
2023
$13,029
75%
$1,445,358
107%
2021
$7,463
-16%
$698,431
-46%
2022
$8,893
19%
$1,294,927
83%
2021
$7,463
7%
$706,882
12%
2019
$6,998
6%
$633,630
10%
2018
$6,610
12%
$576,027
—
2017
$5,920
2%
$578,255
7%
2016
$5,791
15%
$540,960
25%
2015
$5,033
6%
$432,778
7%
2014
$4,770
-2%
$404,295
-2%
2013
$4,873
—
$411,195
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 82762 Overseas Hwy #3

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Coldwell Banker Schmitt Islamorada, Brett Newman (305) 393-1770

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82762 Overseas Highway #3, Islamorada, FL 33036 (MLS# 614741) is a Single Family property with 4 bedrooms and 4 full bathrooms. 82762 Overseas Highway #3 is currently listed for $1,975,000 and was received on April 21, 2025. Want to learn more about 82762 Overseas Highway #3? Do you have questions about finding other Single Family real estate for sale in Islamorada? You can browse all Islamorada real estate or contact a Coldwell Banker agent to request more information.

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