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$380,000

  • Sold
  • Closed
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 1 Partial Bath
  • 827 Sq. Ft.
  • Updated 12 days ago
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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.

Full Property Details for 79901 Overseas Hwy #218

General

  • Sold For: $380,000
  • HOA FEE: $763/month
  • HOA FEE FREQ.: Quarterly
  • Taxes: $2,985 (2025)
  • Status: Closed
  • Type: Condo
  • Source: 927
  • MLS ID: 616424
  • Added to Site: 262 day(s) ago

Interior

  • Interior Features: Walk-in Closet(s), Built-in Cabinets, Drapes/Blinds Incl, Elevator, Pantry, Quartz Countertops, Window Treatments, Gym
  • Appliances: Stainless Steel Appliance(s), Dishwasher, Disposal, Freezer, Microwave, Oven, Range, Refrigerator
  • Flooring: Laminate

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 1

Other Rooms

  • Laundry: Laundry Room

Additional Information

  • Shared Amenities: Other Area Features, Spa, Manager on Premises, Fire Hydrant, Bike Paths, Clubhouse, Pool
  • Pool: Yes
  • Pool Description: Concrete, In Ground, Decked
  • Security/Safety: Electric Gate

Exterior

  • Exterior Features: Lighting, Chickee Hut, Fencing, Hot Tub, Outdoor Shower
  • Deck/Patio: Open Porch/Balcony
  • Porch/Patio/Deck: Open Porch/Balcony

Parking

  • Parking Features: Guest, Off Street, Vehicle Restrictions, Assigned

Location

  • Area: 23 - Upper Matecumbe
  • County: Monroe
  • Subdivision: Palms of Isla (80.0)
  • Driving Directions: Located at MM 79.9 on the ocean side between Bud n' Mary's, Lazy Days Restaurant and Amara Cay.

Community

  • Association: Yes
  • Assoc. Fees Include: Bldg Exterior Mnt, Building Insurance, Cable TV, Common Area Mnt, Exterminating, Security, Sewer, Water
  • Pets Allowed: Yes

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fans(s)
  • Heating Type: Central, Electric

Structural Information

  • Architectural Style: Above Flood
  • Construction Status: Updated/Remodeled
  • Construction: CBS, Concrete
  • Roof: Concrete
  • Windows/Doors: Casement, Glass Doors, Impact Rstnce Window, Sliding Glass Doors, Shutters
  • Square Feet: 827
  • Sq. Ft. Source: Property Data Card
  • Year Built: 1976
  • Property Condition: Updated/Remodeled

Unit Information

  • Units in Building: 84
  • Unit Type: Complex

Lot Features

  • Property View: No Waterview
  • Zoning: MF - Multi-Family Attached

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Oceanfront

Financial Considerations

  • Association Fee: Yes
  • Association Fee: $2,289
  • Assoc Fee Freq.: Quarterly
  • Tax Amount: $2,985.8
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: THE PALMS OF ISLAMORADA A CONDOMINIUM UNIT 218 & .84% COMMON ELEMENTS OR825-1360
  • Flood Zone: VE, AE, AE, VE, AE, AE, AE
  • APN: 00096770-002200

Listed by Paradise Florida Keys Real Estate, a Luxury Brand, Andrea (Andi) Saylor (305) 407-4326
Sold by Coldwell Banker Schmitt Islamorada, Patti Stanley

Listing agent

— 79901 Overseas Hwy #218 —

  • Andrea (Andi) Saylor

    Paradise Florida Keys Real Estate, a Luxury Brand

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 79901 Overseas Hwy #218

School District:Monroe County School District, Middle Torch Key, FL
NameGradesDistance
Plantation Key School
100 Lake Road, Tavernier, FL 33070
PK-89.6 mi
Coral Shores High School
89901 Old Highway, Tavernier, FL 33070
9-129.9 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 79901 Overseas Hwy #218

Date
Details
Price
Change
Source
2/09/2026
Sold
$380,000
-4.98%
MLS
12/15/2025
Price Reduced
$399,900
-11.11%
MLS
9/09/2025
Listed
$449,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Paradise Florida Keys Real Estate, a Luxury Brand, Andrea (Andi) Saylor (305) 407-4326
Sold by Coldwell Banker Schmitt Islamorada, Patti Stanley

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79901 Overseas Highway #218, Upper Matecumbe Key Islamorada, FL 33036 (MLS# 616424) is a Condo property that was sold at $380,000 on February 09, 2026. Want to learn more about 79901 Overseas Highway #218? Do you have questions about finding other Condo real estate for sale in Upper Matecumbe Key Islamorada? You can browse all Upper Matecumbe Key Islamorada real estate or contact a Coldwell Banker agent to request more information.