Prime location! Rare bayfront property in a private gated community located in the heart of downtown Islamorada with gorgeous sunset views, private pool and dockage! This original 4 bed/4 bath concrete home has a concrete roof and is ready for you to come in and make it your own, or take advantage of the existing building right to create your dream home in Islamorada's most exclusive community. Tucked into its own private corner of prestigious Pen Key Club, this ground level home is one of only seven in the 31-home community directly on the open bay and is on one of the largest lots with nearly half an acre of upland and another half an acre of baybottom. It also has a large private pool and had its own private dock on the property (in need of repair), in addition to enjoying use of the community boat basin and the community pool if desired. The current home is 2/2 in the main house and has 2 separate 1/1 guest suites, each with its own private entrance. Outside is a large shady grass yard with beautiful mature trees, including a stunning Haden mango. Another unique feature of Pen Key is that the club employs a full-time property manager living on site to maintain the grounds and common areas. After a day out fishing or boating, come home and watch the sunset from your own back yard and then stroll through the meticulously landscaped neighborhood and out the secure front gates to enjoy fine dining just steps away at Ziggie & Mad Dog's. This community is also perfectly situated in downtown near fine dining, bars, boutiques, salons, shops, art galleries, museums and of course, the monthly Art Walk and famous monthly Full Moon Party. The Village of Islamorada also offers Freebee Electric Vehicle Ridesharing for added convenience. If you are ready to live the good life in the heart of downtown Islamorada, then it's time to discover the peace, security and lush tranquility of Pen Key.
Sold for $3,800,000 on 05/09/24
$3,800,000
28 Pen Key Clb, Islamorada, FL 33036
4beds
3,044sqft
Single Family Residence
Built in 1964
0.49 Acres Lot
$3,879,600 Zestimate®
$1,248/sqft
$7,595 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: September 02, 2024 at 03:15pm
Listed by:
Brett Newman 305-393-1770,
Coldwell Banker Schmitt Islamorada,
Margo Newman 305-393-1770,
Coldwell Banker Schmitt Islamorada
Bought with:
Brett Newman, 555709
Coldwell Banker Schmitt Islamorada
Margo Newman, 0153708
Coldwell Banker Schmitt Islamorada
Source: FLKMLS,MLS#: 599529
Originating MLS: Florida Keys

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Cooling
- Central Air, Heat Pump, Wall/Window Unit(s)
Appliances
- Included: Refrigerator, Oven, Range
Features
- Fireplace(s)
- Flooring: Tile, Combination, Carpet
- Doors: Sliding Glass Doors
- Windows: Other Windows/Doors, Awning Windows
- Has fireplace: Yes
Interior area
- Total interior livable area: 3,044 sqft
Property
Parking
- Parking features: Carport, Covered, Off Street, Guest, Open
- Has carport: Yes
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Yes
Features
- Levels: Ground Level
- Patio & porch: Screened Patio
- Exterior features: Boat Slip
- Has private pool: Yes
- Pool features: In Ground, Decked, Concrete
- Has view: Yes
- View description: Bay/Gulf View, Water
- Has water view: Yes
- Water view: Bay/Gulf View,Water
- Waterfront features: Bay Front, Open Water, Waterfront, Dock: Wood, Dockage: Dock Privileges, Basin, Boat Slip, Assigned Dock
Lot
- Size: 0.49 Acres
- Dimensions: 100 x 200 appro x .
- Features: 1/4 - 1/2 Acre
Details
- Additional structures: Guest House
- Additional parcels included: 00094680000000
- Parcel number: 00402700000000
- Zoning: R1
- Zoning description: Residential Single Family
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Conch
- Property subtype: Single Family Residence
Materials
- CBS
- Roof: Concrete
Condition
- Year built: 1964
Utilities & green energy
- Electric: Elect Separate Meter
- Sewer: Municipal Sewer, Public Sewer
- Water: Water Separate Meter
- Utilities for property: FKAA, Cable Available
Community & neighborhood
Security
- Security features: Electric Gate
Community
- Community features: Pool, Manager on Premises, Community Dockage
Location
- Region: Islamorada
- Subdivision: Penn Key Club (83.0)
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $8,000 yearly
- Services included: Maintenance Grounds, Security