#610778, Brett Newman, Listing office: Coldwell Banker Schmitt Islamorada
87950 Overseas Hwy Islamorada, FL 33036
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
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
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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$3,800,000
87950 Overseas Hwy
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Price information
Property sales
Date | Event | Price |
---|---|---|
Aug 04, 1999 | Home Sold | $600,000 |
Tax history
Year | Assessment | Property 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.
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.
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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.