#615643, Walters Luxury Group Gloria, Rachel and Michaela Walters, Listing office: Ocean Sothebys International Realty
$3,800,000 List price
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
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/24/2025, 11:45:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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. The most common type of family is single, no kids. The most common level of education of people living 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/backpacking
PGA/LPGA
Horse Races
Where do the neighbors shop?
Nordstrom Rack
Stein Mart
Sam's Club
Where do the neighbors go to eat?
Chipotle
Bonefish Grill
LongHorn Steakhouse
What do the neighbors drive?
Mazda
Lincoln
Buick
What do the neighbors listen to?
Rock
Classical
Contemporary 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.
In June 2025, from all listings sold in Islamorada, FL there were more than 0 sold above asking price, over 20 sold below and more than 2 were sold right at the asked price. Between May and June 2025, Islamorada, FL real estate market has seen decrease in the number of listings by 2.3%. While the average time on the market in June 2025 was 110 days, the median list price was $1,132,500.
From Rocket Homes Real Estate and based on county public records data.