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$2,290,000 -$310,000 (-11.92%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 3 Full Baths
  • 2,336 Sq. Ft.
  • Updated 2 hours ago
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Only sophistication and class represented in Islamorada's most exclusive development, Tarpon Flats. This rare offering has underwent a full high-end renovation to satisfy the most distinguished buyer. The elegant paver driveway leads up to pristine grounds showing off it's manicured landscaping. One of only 12 luxury bayfront homes on a sprawling four-acre parcel. The property exudes a unique charm blending Old Florida allure with the timeless essence of Nantucket. Covered parking and a versatile multi-purpose room on the ground floor with a foyer entry. On the second floor you will find an open living space with the kitchen & dining room overlooking the bay, 2 bedrooms/2 bathrooms, and serene positioning for nightly sunsets. The third floor is dedicated to the master suite and maid's quarters with more amazing views from the private balcony. If amenities are what you're after, Tarpon Flats delivers on all fronts: a beautiful tennis court with covered seating for spectators, a rare greenhouse to nurture your beloved plants, a waterfront pool & gazebo leading down to the beachfront, and plenty of dockage for your skiff. Come see the exclusivity of Tarpon Flats for yourself.

Full Property Details for 81250 Overseas Hwy #5

General

  • Price: $2,290,000
  • HOA FEE: $2,683/month
  • HOA FEE FREQ.: Quarterly
  • Taxes: $13,920 (2024)
  • Status: Active
  • Type: Single Family
  • Source: 927
  • MLS ID: 615996
  • Updated: 5/13/2026
  • Added to Site: 286 day(s) ago

Interior

  • Interior Features: Workshop, Entrance Foyer, Walk-in Closet(s), Built-in Cabinets, Drapes/Blinds Incl, Pantry, Quartz Countertops, Wet Bar
  • Appliances: Stainless Steel Appliance(s), Dishwasher, Disposal, Dryer, Gas Appliances, Microwave, Oven, Range, Refrigerator, Washer
  • Flooring: Tile, Laminate

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 4

Additional Information

  • Shared Amenities: Community Dockage, Beach, Tennis Court(s), Pool
  • Pool: Yes
  • Pool Description: Concrete, Heated, In Ground
  • Security/Safety: Electric Gate

Exterior

  • Exterior Features: Tennis Court(s), Gazebo, Sandy Beach
  • Deck/Patio: Open Porch/Balcony
  • Porch/Patio/Deck: Open Porch/Balcony

Parking

  • Parking Features: Guest, Off Street, Covered, Carport

Location

  • Area: 23 - Upper Matecumbe
  • County: Monroe
  • Subdivision: Tarpon Flats (81.5)

Community

  • Association: Yes
  • Assoc. Fees Include: Bldg Exterior Mnt, Building Insurance, Common Area Mnt
  • Pets Allowed: Yes

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air

Structural Information

  • Architectural Style: Above Flood
  • Construction: CBS
  • Roof: Metal
  • Windows/Doors: Impact Rstnce Doors, Impact Rstnce Window
  • Square Feet: 2,336
  • Sq. Ft. Source: Tax Records
  • Year Built: 1985

Lot Features

  • Property View: Bay
  • Lot Size (Acres): 3.83
  • Lot Size (Sq. Ft.): 167,000
  • Zoning: MF - Multi-Family Attached

Water Features

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

Financial Considerations

  • Association Fee: Yes
  • Association Fee: $8,050
  • Assoc Fee Freq.: Quarterly
  • Tax Amount: $13,920.2
  • Tax Year: 2024

Disclosures and Reports

  • Legal Description: BAY COLONY VILLAS A/K/A PT TR 8 UNIT 5 BLDG 2 AND UPPER MATECUMBE TRACTS 9 - 10 SUBD OF LOTS 3-4 PB2-59 OR1497-1863/64 O
  • Flood Zone: AE, AE, 0.2 PCT ANNUAL
  • APN: 00404641-000500

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

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Listing agents

— 81250 Overseas Hwy #5 —

  • AJ Vetter

    Palm House Real Estate

  • Drew Moret

    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

Schools serving 81250 Overseas Hwy #5

School District:Monroe County School District, Middle Torch Key, FL
NameGradesDistance
Plantation Key School
100 Lake Road, Tavernier, FL 33070
PK-88.3 mi
Coral Shores High School
89901 Old Highway, Tavernier, FL 33070
9-128.7 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 81250 Overseas Hwy #5 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/08/2026
Price Reduced
$2,290,000
-11.92%
MLS
12/16/2025
Price Reduced
$2,600,000
-8.77%
MLS
8/14/2025
Price Increased
$2,850,000
14%
MLS
7/31/2025
Listed
$2,500,000
66.67%
MLS
10/26/2015
Sold
$1,500,000
—
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 81250 Overseas Hwy #5

Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,920
—
$1,529,354
1%
2024
$13,920
6%
$1,521,695
8%
2023
$13,089
16%
$1,407,574
32%
2021
$11,261
-8%
$1,066,560
-19%
2022
$12,210
8%
$1,314,128
10%
2021
$11,261
-18%
$1,195,842
-7%
2019
$13,676
3%
$1,285,416
3%
2018
$13,265
2%
$1,251,065
—
2017
$13,040
-6%
$1,255,721
—
2016
$13,853
23%
$1,261,347
27%
2015
$11,294
12%
$991,201
10%
2014
$10,070
-1%
$901,092
—
2013
$10,196
—
$904,667
—
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 81250 Overseas Hwy #5

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

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81250 Overseas Highway #5, Upper Sugarloaf Key, FL 33036 (MLS# 615996) is a Single Family property with 4 bedrooms and 3 full bathrooms. 81250 Overseas Highway #5 is currently listed for $2,290,000 and was received on July 31, 2025. Want to learn more about 81250 Overseas Highway #5? Do you have questions about finding other Single Family real estate for sale in Upper Sugarloaf Key? You can browse all Upper Sugarloaf Key real estate or contact a Coldwell Banker agent to request more information.

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