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$1,300,000 Coming Soon
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Property Description
A New Standard of Paradise - Live with views of the Atlantic Ocean everyday. This home has been updated and beautified from top to bottom. Marble flooring throughout living areas. Eat in kitchen offers large island, snack counter and full size wine cooler. Dishwasher installed 12/25. There is also a hot water dispenser. Dining area and living area open to enclosed patio with private spiral staircase leading to resort styled amenities. Impact glass on all windows. Primary bedroom offers more spectacular views, built in furnishings and is 14x14. Modification in primary bathroom leads to large walk in closet. Washer replaced 2025, dryer 2024, AC 2021. Building inspections complete with no pending assessments. Private Marina dredged 2025. Outside storage cage included. RARE covered parking. Enjoy resort style pool, hot tub, tennis, pickleball, nature trails, gazebos, boat ramp, clubhouse with fitness, pavilion with ice machine, docks rentable for up to 30ft boat (almost always available), tiki huts, electric vehicle chargers, guest parking, open lot for boat storage, and private marina. Chandelier in dining area excluded. Beach area overlooks marina. Owner agent.
Full Property Details
Full Property Details for 87851 Old Hwy #M5
General
- Price: $1,300,000
- HOA FEE: $1,764/month
- Taxes: $9,470 (2025)
- Status: Coming Soon
- Type: Condo
- Source: Regional
- MLS ID: B26016320
- Updated: 4/16/2026
- Added to Site: 1 day(s) ago
Interior
- Number of Rooms: 6
- Interior Features: Breakfast Bar, Dual Sinks, Eat-in Kitchen, Kitchen Island, Living/Dining Room, Pantry, Split Bedrooms, Separate Shower, Walk-In Closet(s)
- Appliances: Cooktop, Dryer, Dishwasher, Electric Cooktop, Electric Range, Electric Water Heater, Freezer, Disposal, Ice Maker, Microwave, Oven, Refrigerator, Water Heater, Wine Refrigerator, Washer
- Furnishings: Unfurnished
- Flooring: Carpet, Marble
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Main Floor Baths: 2
Bedrooms
- Total Bedrooms: 2
- Bedrooms Main: 2
Other Rooms
- Laundry: In Unit, Washer Dryer Install Allowed
Additional Information
- Shared Amenities: Beach Rights, Boating, Clubhouse, Fitness Center, Maintenance Grounds, Gated, Management, Maintenance, Picnic Area, Pickleball, Pool, Parking, Spa/Hot Tub, Storage, Sidewalks, Tennis Court(s), Trail(s), Elevator(s)
- Pool: Yes
- Pool Description: Association, Heated
- Security/Safety: Security Gate, Gated Community, Key Card Entry
Parking
- Total Spaces: 1
- Parking Features: Boat, Covered, Electric Vehicle Charging Station(s), Guest
Location
- County: Monroe
- Subdivision: OCEAN HARBOUR
- Building Name: Ocean Harbour
- Driving Directions: Florida Keys US1 to Mile Marker 87.5 ocean side. Gated.
- Direction Faces: West
School Information
- Elementary School: Plantation Key
- Middle School: Plantation Key
- High School: Coral Shores
Community
- Community Name: 5940 - Other Florida County
- Association: Yes
- Assoc. Name: Ocean Harbour
- Assoc. Fees Include: Common Areas, Insurance, Maintenance Grounds, Maintenance Structure, Pool(s), Recreation Facilities, Roof, Trash
- Units Assoc/Comm: 68
- Pets Allowed: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central, Individual
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Available, Sewer Connected, Water Available
Structural Information
- Structure Type: Multi Family
- Construction: Block
- Roof: Metal, Mixed
- Windows: Sliding, Storm Window(s)
- Stories/Levels: 1
- Building Size: 1732
- Square Feet: 1,732
- Sq. Ft. Source: Public Records
- Living Area: 1,732 Sq. Ft.
- Year Built: 1989
- Property Condition: Resale
Lot Features
- Property View: Beach, Ocean, Water
- Frontage: Private Road
- Zoning: Residential
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Navigable Water, Ocean Access, Ocean Front
- Water Front View: Navigable Water, Ocean Access, Ocean Front
- Boat Dock Slip: Yes
Financial Considerations
- Association Fee: $1,764
- Assoc Fee Freq.: Monthly
- Tax Amount: $9,470.26
- Tax Year: 2025
- Terms: Cash, Conventional, VA Loan
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: UNIT M-5 OCEAN HARBOUR, A CONDOMINIUM OR1165-2321/22 OR1433-516 OR1542-2258 OR3065-2368
- Disclosures/Rstr.: Owner Is Listing Agent
- Property ID: 415140000105
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Schools
Schools serving 87851 Old Hwy #M5
School District:Monroe County School District, Middle Torch Key, FL
| Name | Grades | Distance |
|---|---|---|
Plantation Key School 100 Lake Road, Tavernier, FL 33070 | PK-8 | 2 mi |
Coral Shores High School 89901 Old Highway, Tavernier, FL 33070 | 9-12 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 87851 Old Hwy #M5
Date
Details
Price
Change
Source
4/15/2026
Listed
$1,300,000
65.61%
MLS
12/15/2020
Sold
$785,000
—
Public Record
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
Tax History for 87851 Old Hwy #M5
Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,952
—
$1,098,058
-2%
2024
$8,952
3%
$1,119,551
-2%
2023
$8,723
28%
$1,143,964
75%
2021
$6,806
-9%
$652,305
-23%
2022
$7,508
10%
$851,911
72%
2021
$6,806
39%
$493,955
2%
2019
$4,882
2%
$482,850
2%
2018
$4,779
4%
$473,847
2%
2017
$4,600
-3%
$464,101
2%
2016
$4,755
2%
$454,556
1%
2015
$4,644
—
$451,396
1%
2014
$4,660
1%
$447,813
2%
2013
$4,630
—
$441,195
—
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
Estimate the Cost for 87851 Old Hwy #M5
87851 Old Highway #M5, Islamorada, FL 33036 (MLS# B26016320) is a Condo property with 2 bedrooms and 2 full bathrooms. 87851 Old Highway #M5 is currently listed for $1,300,000 and was received on April 15, 2026. Want to learn more about 87851 Old Highway #M5? 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.

