Invest in the Florida Keys! Opportunities abound with this distinctive property in Islamorada. It is ideal for investors interested in a vacation rental property as it is zoned as a motel and can be rented nightly. This stand-alone Villa is located in the Shady Palms Condo Association on Lower Matecumbe Key and features a private backyard and side yard. Complete with two bedrooms and one bathroom, this residence has been impeccably renovated and tastefully decorated with a new kitchen, bathroom, deck, A/C system, new furniture, and extensive improvements. Features a large front yard with plenty of parking and room for a boat. There are 7 units in this community that offers a private pool, community boat ramp on the street, low monthly HOA, and beautiful landscaping. The owners also own unit #4 that they would sell as a package.
Sold for $700,000 on 10/03/22
$700,000
76777 Overseas Hwy #3, Islamorada, FL 33036
2beds
528sqft
Single Family Residence
Built in 1970
3,750 Square Feet Lot
$697,300 Zestimate®
$1,326/sqft
$2,668 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: September 02, 2024 at 03:14pm
Listed by:
Kim Bagnell Thaler 305-393-2787,
Ocean Sotheby's International Realty
Bought with:
Steven Bombino
Coldwell Banker Residential R.E.
Source: FLKMLS,MLS#: 602490
Originating MLS: Florida Keys

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Heat
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: Washer, Stainless Steel Appliance(s), Microwave, Range, Refrigerator, Dryer
Features
- Bar, Granite Counters
- Flooring: Tile
- Doors: Impact Rstnce Doors
- Windows: Drapes/Blinds Incl, Impact Rstnce Window
- Furnished: Yes
Interior area
- Total interior livable area: 528 sqft
Property
Parking
- Parking features: Off Street
Features
- Levels: Ground Level
- Patio & porch: Open Porch/Balcony
- Has private pool: Yes
- Pool features: In Ground, Concrete
- Water view: None
- Waterfront features: None, Dockage: Boat Ramp, None, Other Dockage
Lot
- Size: 3,750 sqft
- Dimensions: 37.5 x 100
- Features: Less Than 1/4 Acre
Details
- Parcel number: 00396320001030
- Zoning: TC
- Zoning description: Tourist Commercial
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1970
Utilities & green energy
- Sewer: Municipal Sewer, Public Sewer
- Utilities for property: FKAA, Cable Available, Cable Connected
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: Pool, Community Boat Ramp
Location
- Region: Islamorada
- Subdivision: Mat Ocean View (76.5)
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $358 monthly
- Services included: Sewer, Maintenance Grounds, Water