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$950,000

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 1,275 Sq. Ft.
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Exclusive Beacon Reef Unit 504 presents a rare opportunity in the heart of downtown Islamorada. This updated top-floor residence offers higher ceilings, enhanced views, and a larger porch--creating a true penthouse feel. The property is impeccably maintained and delivers a resort-style lifestyle set against beautifully landscaped, oceanfront grounds.Located just steps from world-class fishing, diving, acclaimed restaurants, galleries, shops, and island attractions, Beacon Reef places the best of Islamorada right outside your door. Residents enjoy an ocean-view fitness center, an oceanside pool just off the sandy beach, and a spacious hot tub overlooking the Atlantic.For boaters and anglers, the recently renovated deep-water dock provides first-come, first-serve dockage for vessels up to 35 feet, complete with an ice maker and fish-cleaning station--plus the ability to fish directly from the dock. Outdoor living is equally well thought out, with a covered BBQ area ideal for preparing the day's catch while taking in open ocean views and enjoying time with family and friends in a true resort-style setting.Whether you're a dedicated angler or seeking a turnkey island retreat, Unit 504 at Beacon Reef offers an exceptional combination of location, amenities, and effortless Keys living.

Full Property Details for 83201 Old Hwy #504

General

  • Price: $950,000
  • HOA FEE: $1,667/month
  • HOA FEE FREQ.: Quarterly
  • Taxes: $7,152 (2025)
  • Status: Active
  • Type: Condo
  • Source: 927
  • MLS ID: 617798
  • Updated: 12/22/2025
  • Added to Site: 25 day(s) ago

Interior

  • Interior Features: Wet Bar, Bar, Elevator, Granite Counter Top, Built-in Cabinets, Pantry
  • Appliances: Washer, Wine Cooler, Microwave, Oven, Refrigerator, Dishwasher, Dryer
  • Furnishings: Negotiable
  • Flooring: Tile, Combo, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Additional Information

  • Shared Amenities: Community Pool, Beach, Manager on Premises, Clubhouse, Community Dockage
  • Pool: Yes
  • Pool Description: In Ground, Concrete
  • Security/Safety: Electric Gate

Exterior

  • Exterior Features: Built-in Grill, Storage, Sprinkler System, Sandy Beach, Hot Tub, Fencing, Chickee Hut
  • Deck/Patio: Open Porch/Balcony

Location

  • Area: 23 - Upper Matecumbe
  • County: Monroe
  • Subdivision: Beacon Reef (83.0)

Community

  • Assoc. Fees Include: Cable, Common Area Mnt, Building Insurance, Bldg Exterior Mnt, Water, Sewer
  • Pet Restrictions: 25 lb dog

Heating & Cooling

  • Cooling Type: Central Air

Utilities

  • Water: Ocean View, Open Water View
  • Utility Description: FKAA, Municipal Sewer

Structural Information

  • Architectural Style: Condo
  • Construction: CBS
  • Roof: Metal Roof
  • Windows/Doors: Impact Rstnce Window
  • Dock Size: 465
  • Sprinklers: Yes
  • Stories/Levels: 5 Stories
  • Square Feet: 1,275
  • Sq. Ft. Source: Tax Records
  • Year Built: 1982

Unit Information

  • Unit Type: Unit

Lot Features

  • Zoning: MF - Multi-Family Attached

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Type: Oceanfront, Open Water
  • Dock Description: Dock Privileges, First Come Dock

Financial Considerations

  • Association Fee: Yes
  • Association Fee: $5,000
  • Assoc Fee Freq.: Quarterly
  • Tax Amount: $7,152
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: UNIT 504 BLDG 2 BEACON REEF CONDOMINIUM OR854-1522/23 OR1095-1948 OR1634-593 OR1686-1755 OR1686-1756/57 OR2607-524/25
  • APN: 00094580-000186

Listed by Palm House Real Estate, Drew Moret (305) 393-3331 and Palm House Real Estate, AJ Vetter (305) 304-8841

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Listing agents

— 83201 Old Hwy #504 —

  • Drew Moret

    Palm House Real Estate

  • AJ Vetter

    Palm House Real Estate

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

Price & Sales History for 83201 Old Hwy #504 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/22/2025
Listed
$950,000
137.5%
MLS
12/31/2012
Sold
$400,000
—
Public Record
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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 83201 Old Hwy #504

Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,694
—
$779,415
1%
2024
$6,694
3%
$771,472
-2%
2023
$6,512
23%
$787,930
58%
2021
$5,304
-14%
$499,626
-34%
2022
$6,145
16%
$755,800
83%
2021
$5,304
15%
$414,050
—
2019
$4,606
1%
$414,050
1%
2018
$4,544
—
$409,162
-2%
2017
$4,523
-8%
$415,521
-3%
2016
$4,891
2%
$427,061
—
2015
$4,806
-1%
$427,061
—
2014
$4,859
7%
$427,061
9%
2013
$4,538
—
$391,493
—
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.

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NMLS#: 1598647

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Listed by Palm House Real Estate, Drew Moret (305) 393-3331 and Palm House Real Estate, AJ Vetter (305) 304-8841

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83201 Old Highway #504, Islamorada, FL 33036 (MLS# 617798) is a Condo property with 2 bedrooms and 2 full bathrooms. 83201 Old Highway #504 is currently listed for $950,000 and was received on December 22, 2025. Want to learn more about 83201 Old Highway #504? Do you have questions about finding other Condo 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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