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76777 Overseas Hwy #2

Islamorada, FL 33036

2 beds
1 bath
504 sqft
~3/4 acre lot
$1,446 per sqft
1970 build
– on site

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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, washer/dryer, concrete columns under the house, new furniture, and extensive improvements. There are 7 units in this community that offers a private pool, community boat ramp on the street, low monthly HOA, and beautiful landscaping.

Listing courtesy of MLSM / Ocean Sotheby's International

Last checked: Checking… • Last updated Apr 2, 2025 •

MLS# A11260248 —

The Building

Year Built:

1970
Year Built Details:

Effective Year Built
Construction Materials:

Frame
Architectural Style:

Detached, OneStory
Stories:

1
Roof:

Shingle
Exterior Features:

Barbecue, Deck
Patio And Porch Features:

Deck
Direction Faces:

East
Building Area Total:

504.0

Interior

Interior Features:

BedroomonMainLevel, FirstFloorEntry, MainLevelMaster, SittingAreainMaster
Furnished:

Furnished
Flooring:

Tile

Room Dimensions

Living Area:

504.0

Financial & Terms

Buyer Financing:

Conventional

Location

Directions:

US 1 to Columbus Dr. Make the first left onto Cortez Dr. Almost to the end on the left side. Unit #2.

The Property

View:

false
View:

None
Parcel Number:

00396320 001020
Property Type:

Residential
Property Subtype:

SingleFamilyResidence
Property Subtype Additional:

SingleFamilyResidence
Zoning Description:

Res Single Family
Possible Use:

Investment
Lot Features:

Item14Acre
Lot Size Area:

37500.0
Lot Size SqFt:

37,500 Sqft
Lot Size Units:

SquareFeet
Waterfront:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2021
Tax Annual Amount:

$3,066
Tax Legal Description:

PARCEL 2 SHADY PALMS A CONDOMINIUM OR2200-114/15 OR2682-2472/73 OR2711-1600/01R/S

Beds

Bedrooms Total:

2

Baths

Total Baths:

1
Full Baths:

1

The Listing

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

CentralAir, CeilingFans
Cooling:

true

Utilities

Sewer:

PublicSewer
Water Source:

Public

Appliances

Appliances:

Dryer, Dishwasher, ElectricRange, Disposal, Microwave, Refrigerator, Washer

The Community

Subdivision Name:

Shady Palms, A Condominiu
Senior Community:

false
Community Features:

Pool
Pool Features:

InGround, Pool, Community
Association Fee:

$358
Association Fee Frequency:

Monthly

Parking

Parking Features:

Other
Garage:

false
Carport:

false

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Utility Costs

$114/mo.

Estimate provided by ClearlyEnergy

View a full report

Sale history

Date	Event	Source	Price	% Change
9/29/22 Sep 29, 2022	Sold	MLSM	$729,000	-2.7%
9/1/22 Sep 1, 2022	Sold Subject To Contingencies	MLSM	$749,000
8/22/22 Aug 22, 2022	Listed / Active	MLSM	$749,000

House Sold on 9/29/2022

$729,000

Listing provided by broker:

Kim Thaler

Ocean Sotheby's International

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Listing Courtesy of: MLSM and Ocean Sotheby's International.

Based on information from the MLS MIAMI 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. MLSM, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. MLSM and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

76777 Overseas Hwy #2

Islamorada, FL 33036