$3,800,000

87950 Overseas Hwy Islamorada, FL 33036

5 beds
3 full
2,464 sqft
0.5 acres
$1,542 / sqft
House

Property details

About 87950 Overseas Hwy

Tired of waiting on Uber or Freebee? Why not make this stunning bayfront estate your own private slice of paradise, right in the heart of Islamorada? Just a flip-flop stroll away from local favorites like MEAT Eatery, Shima, Marker 88, and City Hall Cafe, this property places you at the vibrant core of island living. Behind its private, fully fenced grounds, you'll discover sweeping bay views and a rare tiki hut at the end of the dock--your new go-to spot for toasting unforgettable sunsets. Upstairs, the open-concept living area spills out through sliding glass doors onto a spacious, screened-in terrace, perfect for laid-back evenings or lively gatherings. This level also features three bedrooms and two baths, providing plenty of space for guests or family. Step down from the terrace to your own tropical oasis, complete with a pool, backyard, beach, and dock. The ground floor adds even more flexibility with two additional bedrooms, a bath, and a relaxed living area--ideal for guests or extended family. Whether you're looking for your forever getaway in the Keys or a smart investment when you're not soaking it all in yourself, this property is a rare find. Come see why life really is better by the bay.

Highlights

Home typeSingle Family Residence
StatusActive
CoolingCeiling Fan(s)
Size2,464 sqft
Lot size0.52 Acres
Year built1973
ParkingOff Street
MLS #615167
ViewBay

Summary

  • Full Bathrooms: 3
  • Appliances: Dishwasher, Dryer, Refrigerator, Microwave, Oven, Range, Washer
  • Flooring Type: Carpet
  • Interior: Walk-In Closet(s), Pantry
  • Total Bedroom Count: 5
  • Parking: Off Street
  • View: Bay
  • Architectural Style: Single Family
  • Cooling: Ceiling Fan(s)
  • List Price: $3,800,000
  • Price/SqFt: $1,542
  • Annual Tax Amount: $14,557
  • Tax Year: 2023
  • Lot: Waterfront
  • Year Built: 1973
  • Stories: 2
  • Living Area: 2,464 SqFt
  • Lot Size: 0.52 Acres
  • MLS Number: 615167
  • MLS Name: FloridaKeys
  • Office Name: Coldwell Banker Schmitt Islamorada
  • Office Phone: (305) 664-4470
  • Listing Agent: Alina Davis

Copyright © 2025 The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys Board of Realtors®, Florida Keys MLS, Inc. Real Estate Listings held by other brokerage firms other are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/24/2025, 10:45:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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87950 Overseas Hwy, Islamorada, FL 33036 - dock with a water view

$3,800,000

87950 Overseas Hwy

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Price information

Property sales

DateEventPrice
Aug 04, 1999
Home Sold
$600,000

Tax history

YearAssessmentProperty Tax
2023$1,531,544$14,557
2022$1,486,936$14,285
2021$1,443,628$14,285
2020$1,423,697$14,314
2018$1,365,740$13,984
2017$1,337,650$13,431

History based on county public records data.

Nearby schools

9

Ocean Studies Charter

Public Charter KG-5

4.0 mi

92295 Old Hwy

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $57,463. Residents of Islamorada, FL typically earn between $35k-100k each year. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

How much money do the neighbors make?

33%
<35k
39%
35k-100k
23%
100k-200k
5%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

46%
Single, No Kids
10%
Single, with Kids
29%
Married, No Kids
15%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

8%
<11 yrs old
6%
12-17 yrs old
13%
18-34 yrs old
52%
35-64 yrs old
21%
65+ yrs old

What do the neighbors do for fun?

  • Hiking/backpackingHiking/backpacking
  • PGA/LPGAPGA/LPGA
  • Horse RacesHorse Races

Where do the neighbors shop?

  • Nordstrom RackNordstrom Rack
  • Stein MartStein Mart
  • Sam's ClubSam's Club

Where do the neighbors go to eat?

  • ChipotleChipotle
  • Bonefish GrillBonefish Grill
  • LongHorn SteakhouseLongHorn Steakhouse

What do the neighbors drive?

  • MazdaMazda
  • LincolnLincoln
  • BuickBuick

What do the neighbors listen to?

  • RockRock
  • ClassicalClassical
  • Contemporary InspirationalContemporary Inspirational
All data provided by Home Junction and Claritas

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Frequently asked questions

About 87950 Overseas Hwy

The listing price of 87950 Overseas Hwy property is $3,800,000.

The property 87950 Overseas Hwy is a house located in Islamorada, Florida, 33036.

Active Listing: 87950 Overseas Hwy is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 87950 Overseas Hwy are: Ocean Studies Charter (GreatSchools Rating 9/10), Treasure Village Montessori Charter School (GreatSchools Rating 10/10), Plantation Key School (GreatSchools Rating 8/10), Key Largo School (GreatSchools Rating 6/10), Coral Shores High School (GreatSchools Rating 5/10).

According to the records, the last property tax for 2023 is $14,557 (source: MLS/based on county public records data).

The last sale was on August 4, 1999 for $600,000 (source: MLS/tax record).

The property at 87950 Overseas Hwy has 5 bedrooms and 3 bathrooms.

The property 87950 Overseas Hwy is 2,464 SqFt (source: MLS/tax record).

The year of construction for 87950 Overseas Hwy is 1973.

This home is located at 87950 Overseas Hwy in Islamorada, FL and zip code 33070. This 2,464 square foot home, which was built in 1973, sits on a 0.52 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 24, 2025 and is currently priced at $3,800,000.

While more than 0 listings in Islamorada, FL in May 2025 were sold above asking price, there were more than 3 listings sold at asking price, and more than 30 were sold below. The number of listings in Islamorada, FL increased by 10.8% between April and May 2025. While the average time on the market in May 2025 was 113 days, the median list price was $1,150,000.

From Rocket Homes Real Estate and based on county public records data.

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