79901 Overseas Highway 218, Upper Matecumbe Key Islamorada, FL 33036

$399,900
Property Type: Residential Bedrooms: 1 Baths: 2 Square Footage: 827 Status: Active
Current Price: $399,900 List Date: 9/09/2025 Last Modified: 12/15/2025

Description

LET'S MAKET A DEAL! Seller has just reduced this condo by $50,000. At this price, this updated 1BR/1.5BA condo is the largest one bedroom condo available for sale in the Upper Keys. Located at The Palms of Islamorada, Mile Marker 79.9, this is one of the area's premier ocean front complexes. Jump on this opportunity now. Grab this unit before someone else does. The Palms of Islamorada ocean front condominium complex offers many luxuries heated pool, hot tub, several small Tiki's for sun shade, large Tiki with outdoor TV, fish cleaning station, boat rack and ramp for non-motorized water toys, fire pit, separate men's and women's exercise rooms with updated equipment, community gathering room with kitchen, and lush tropical landscaping. Minimum 28 day rentals ensure minimum turnover. While this unit does not have ocean views, the complex does. The property has unobstructed views of the Atlantic Ocean and faces Alligator Reef lighthouse. Have your morning coffee on the veranda just steps from this unit and watch the fishing boats head out for the day. Why pay rent when you can own? 827 sq. 􀀁. of living space and lots of storage make this unit a comfortable place to call home or rent for income. Numerous recent updates include: new stainless dishwasher; new range/oven; and refrigerator; on-demand hot water heater; central air; balcony; luxury waterproof engineered floors; and walk-in closet. The Palms Condominiums has completed the state mandated SIRS and MILESTONE inspec􀀂ons. Reports are available upon request and this unit has a wind mi􀀂ga􀀂on cer􀀂fica􀀂on. The furnishings in the photos are 'virtual' to help envision how spacious each room is. There is no furniture included. Islamorada, Florida, is known as the ''Sportfishing Capital of the World'' and offers numerous water sports, fishing charters, marine parks and coral reefs for snorkeling and diving. It is also home to award winning outdoor r

More Information MLS# 616424

Contract Information

Listing Board: Florida Keys As is Rght to Inspct: Yes Current Price: $399,900 Listing Date: 2025-09-07 List Price: $399,900

Location, Tax & Legal

Unit #: 218 City: ISLAMORADA Mile Marker: 80 Marathon Neighborhood: N/A Side: Ocean Flood Zone: VE,AE,AE,VE,AE,AE,AE Alternate Key #: 1112640 Parcel #: 00096770-002200 Zoning: MF - Multi-Family Attached Deed Restrictions: Yes Legal: THE PALMS OF ISLAMORADA A CONDOMINIUM UNIT 218 & .84% COMMON ELEMENTS OR825-1360 Taxes: 2985.8 Tax Year: 2024 Pub Sewer HkUp: Yes Street #: 79901 Street Name: Overseas Street Suffix: Highway Key/Island: Upper Matecumbe Key Islamorada State/Province: FL Zip Code: 33036 County: Monroe Subdivision: Palms of Isla (80.0) Area: 23 - Upper Matecumbe

General Property Description

Realtor.COM Type: Residential - Condo/Townhouse Waterfront: Yes Control Depth: 1 Lot SqFt: 0 Unit/Complex: Complex Pool: Yes Total Units: 84 SqFt Source: Property Data Card Rentals Allowed: With Restrictions Min Rental Days: 28 Floor Number: 2 Style: Condo Year Built: 1976 Living Apx SqFt: 827 Total Bedrooms: 1 Full Baths: 1 Half Baths: 1 Total Baths: 2

Remarks & Misc

Remarks – Consumer: LET'S MAKET A DEAL! Seller has just reduced this condo by $50,000. At this price, this updated 1BR/1.5BA condo is the largest one bedroom condo available for sale in the Upper Keys. Located at The Palms of Islamorada, Mile Marker 79.9, this is one of the area's premier ocean front complexes. Jump on this opportunity now. Grab this unit before someone else does. The Palms of Islamorada ocean front condominium complex offers many luxuries heated pool, hot tub, several small Tiki's for sun shade, large Tiki with outdoor TV, fish cleaning station, boat rack and ramp for non-motorized water toys, fire pit, separate men's and women's exercise rooms with updated equipment, community gathering room with kitchen, and lush tropical landscaping. Minimum 28 day rentals ensure minimum turnover. While this unit does not have ocean views, the complex does. The property has unobstructed views of the Atlantic Ocean and faces Alligator Reef lighthouse. Have your morning coffee on the veranda just steps from this unit and watch the fishing boats head out for the day. Why pay rent when you can own? 827 sq. 􀀁. of living space and lots of storage make this unit a comfortable place to call home or rent for income. Numerous recent updates include: new stainless dishwasher; new range/oven; and refrigerator; on-demand hot water heater; central air; balcony; luxury waterproof engineered floors; and walk-in closet. The Palms Condominiums has completed the state mandated SIRS and MILESTONE inspec􀀂ons. Reports are available upon request and this unit has a wind mi􀀂ga􀀂on cer􀀂fica􀀂on. The furnishings in the photos are 'virtual' to help envision how spacious each room is. There is no furniture included. Islamorada, Florida, is known as the ''Sportfishing Capital of the World'' and offers numerous water sports, fishing charters, marine parks and coral reefs for snorkeling and diving. It is also home to award winning outdoor r Directions: Located at MM 79.9 on the ocean side between Bud n' Mary's, Lazy Days Restaurant and Amara Cay.

Association Info

Mandatory Home Owners Asc: Yes 1st Right of Refusal: No Condo Doc's: Yes Assoc Approval Req: Yes Association Fee $: 723 Assoc/Mnt Fee Per: Monthly

Fee Includes

Bldg Exterior Mnt: 1 Building Insurance: 1 Cable: 1 Common Area Mnt: 1 Exterminating: 1 Security: 1 Sewer: 1 Water: 1

Dockage

None: 1

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Disposal: 1 Freezer: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1

Pets

Pets Allowed: 1 Pets w/Restrictions: Max 20 lbs.

Cooling

Ceiling Fans(s): 1 Central Air: 1

Heating

Central: 1 Electric: 1

Waterfront

Oceanfront: 1

Waterview

No Waterview: 1

Floor

Laminate: 1

Neighborhood Feature

Bike Paths: 1 Clubhouse: 1 Community Pool: 1 Fire Hydrant: 1 Manager on Premises: 1 Spa: 1 Other Area Features: 1

Interior Features

Built-in Cabinets: 1 Drapes/Blinds Incl: 1 Elevator: 1 Pantry: 1 Quartz Countertops: 1 Walk-in Closet(s): 1 Window Treatments: 1

Property Condition

Updated/Remodeled: 1

Specialty Rooms

Gym: 1 Laundry Room: 1

Building Style

Above Flood: Yes Stories: 5 Stories

Windows/Doors

Casement: 1 Glass Doors: 1 Impact Rstnce Window: 1 Sliding Glass Doors: 1

Vehicle Storage

Car(s): 1 Guest Parking: 1 Vehicle Restrictions: 1 Assigned Parking: 1 Off Street Parking: 1

Security

Electric Gate: 1

Construction

CBS: 1 Concrete: 1

Land Size

2 Less Than 5 Acres: 1

Furnished

Unfurnished: 1

Terms

Cash: 1 Conventional: 1 No Seller Finance: 1

Utilities

Elect Separate Meter: 1 FKAA: 1 Municipal Sewer: 1

Porch/Balcony

Open Porch/Balcony: 1

Title

Title Ins - Buyer: 1

Exterior Features

Chickee Hut: 1 Fencing: 1 Hot Tub: 1 Lighting: 1 Outdoor Shower: 1

Pool Info

In Ground: 1 Concrete: 1 Decked: 1

Pre-Wired

Cable: 1

Roof

Concrete Roof: 1

Accessibility Feat

Accessible Elevator Installed: 1 Wheelchair Ramp: 1

Shutters

Accordion: 1

GF-Interior Features

Tankless Hot Wtr Htr: 1

Status Change Info

Status: Active

Property Features

Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Exterminating; Security; Sewer; Water Tax Exemptions: None Waterfront: Oceanfront Waterview: No Waterview Dockage: None Property Condition: Updated/Remodeled Vehicle Storage: Assigned Parking; Guest Parking; Off Street Parking; Vehicle Restrictions Furnished: Unfurnished Cooling: Ceiling Fans(s); Central Air Heating: Central Utilities: Elect Separate Meter; FKAA; Municipal Sewer Interior Features: Built-in Cabinets; Drapes/Blinds Incl; Elevator; Pantry; Quartz Countertops; Walk-in Closet(s); Window Treatments Pre-Wired: Cable Specialty Rooms: Gym; Laundry Room Appliances: Dishwasher; Disposal; Freezer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s) Exterior Features: Chickee Hut; Fencing; Hot Tub; Lighting; Outdoor Shower Accessibility Feat: Accessible Elevator Installed; Wheelchair Ramp Pool Info: In Ground; Concrete; Decked Construction: CBS; Concrete Shutters: Accordion Floor: Laminate Roof: Concrete Roof Pets: Pets Allowed Neighborhood Feature: Bike Paths; Clubhouse; Community Pool; Fire Hydrant; Manager on Premises; Spa; Other Area Features Security: Electric Gate Land Size: 2 Less Than 5 Acres Terms: Cash; Conventional; No Seller Finance Title: Title Ins - Buyer GF-Interior Features: Tankless Hot Wtr Htr
Listing Office: Paradise Florida Keys Real Estate
Last Updated: December - 15 - 2025
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.