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$695,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 981 Sq. Ft.
  • Updated 1 day ago
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Spectacular Top-Floor Views and Expansive Covered Porch! Experience the ultimate Florida Keys backdrop from this 5th-floor condo at The Palms of Islamorada. Being on the top floor means you get the absolute best vantage point--boasting a huge covered porch designed for true outdoor living, with breathtaking, unobstructed ocean views and a direct line of sight to Alligator Lighthouse. Offered completely furnished and in excellent condition, the highly desirable split floor plan ensures maximum privacy. The generous primary suite is a true highlight, offering great space and its own beautiful ocean views. Guests will also love the comfortable second bedroom featuring its own private ensuite bath. The bright interior includes a sleek, modern European-style kitchen and the ultimate convenience of an in-unit washer and dryer. The Palms is a secure, gated complex in downtown Islamorada offering fantastic amenities: a resort-style pool, a large oceanfront tiki hut (plus 6 smaller satellite tikis), a community room, separate men's and women's gyms, and assigned covered parking. Best of all, you are within easy walking distance to premier local dining favorites like Lazy Days and Papa Joe's. This is one you definitely don't want to miss out on--call today to schedule your private showing!

Full Property Details for 79901 Overseas Hwy #511

General

  • Price: $695,000
  • HOA FEE: $1,181/month
  • HOA FEE FREQ.: Quarterly
  • Taxes: $4,723 (2025)
  • Status: Active
  • Type: Condo
  • Source: 927
  • MLS ID: 620084
  • Updated: 5/30/2026
  • Added to Site: 3 day(s) ago

Interior

  • Interior Features: Walk-in Closet(s), Drapes/Blinds Incl, Granite Counter Top, Split Bedroom
  • Appliances: Stainless Steel Appliance(s), Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Additional Information

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

Exterior

  • Exterior Features: Chickee Hut, Hot Tub
  • Deck/Patio: Open Porch/Balcony
  • Porch/Patio/Deck: Open Porch/Balcony

Parking

  • Parking Features: Open, Guest, Covered, Assigned

Location

  • Area: 23 - Upper Matecumbe
  • County: Monroe
  • Subdivision: Palms of Isla (80.0)
  • Driving Directions: MM 79.9, oceanside, Islamorada.

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)

Structural Information

  • Architectural Style: Above Flood
  • Construction: CBS, Concrete
  • Roof: Other
  • Windows/Doors: Aluminum Windows, Sliding Glass Doors, Shutters
  • Square Feet: 981
  • Sq. Ft. Source: Property Data Card
  • Year Built: 1976

Unit Information

  • Unit Type: Complex

Lot Features

  • Property View: Open Water View, Ocean
  • Lot Dimensions: x
  • Zoning: MF - Multi-Family Attached

Water Features

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

Financial Considerations

  • Assoc Fee Freq.: Quarterly
  • Maint. Fee: $3,543
  • Maint. Fee/Month: $3,543
  • Tax Amount: $4,723.34
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: THE PALMS OF ISLAMORADA A CONDOMINIUM UNIT 511
  • Flood Zone: AE
  • APN: 00096770-007500

Listed by Coldwell Banker Schmitt Real Estate Co., Amy Puto (305) 766-1745

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Listing agent

— 79901 Overseas Hwy #511 —

  • Amy Puto

    Coldwell Banker Schmitt Real Estate Co.

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 #511

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 #511 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/29/2026
Listed
$695,000
81.7%
MLS
2/09/2017
Sold
$382,500
—
Public Record
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 79901 Overseas Hwy #511

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,396
—
$536,594
1%
2024
$4,396
5%
$531,464
2%
2023
$4,191
21%
$518,637
45%
2021
$3,456
-7%
$358,305
-15%
2022
$3,707
7%
$422,438
20%
2021
$3,456
8%
$351,892
9%
2019
$3,198
—
$323,425
—
2018
$3,187
12%
$323,425
9%
2017
$2,856
-4%
$295,774
—
2016
$2,969
13%
$295,774
14%
2015
$2,617
-2%
$260,141
-1%
2014
$2,667
5%
$261,785
6%
2013
$2,537
—
$246,594
—
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 79901 Overseas Hwy #511

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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

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Listed by Coldwell Banker Schmitt Real Estate Co., Amy Puto (305) 766-1745

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79901 Overseas Highway #511, Upper Matecumbe Key Islamorada, FL 33036 (MLS# 620084) is a Condo property with 2 bedrooms and 2 full bathrooms. 79901 Overseas Highway #511 is currently listed for $695,000 and was received on May 29, 2026. Want to learn more about 79901 Overseas Highway #511? 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.

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