SHADY PALMS, A CONDOMINIU

76777 Overseas Hwy #2, Islamorada FL 33036

2 beds · 1 baths · 504 ft²

Closed

$749,000

Est. Payment $3,986/mo

MLS Sheet Video

2

Bedrooms

1

Bathrooms

504

Sq. Ft.

1970

Year Built

13

Days on Market

Description

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.

Facts

MLS#
A11260248
Subdivision
SHADY PALMS, A CONDOMINIU
Property Type
Residential
Property Sub Type
Single Family Residence
Year Built
1970
Lot Size
37,500 ft²
Sq. Ft.
504 ft²
Sq. Mt.
47 m²
Price per sq. ft.
$1,486/ft²
Price per sq. mt.
$15,936/m²
Stories
Garage
Pool
Days on Market
13 days
Listed
Aug 19, 2022
Last Updated
Sep 30, 2022
Price/Lot Sq.Ft.
$20/ft²

Comparable homes

Same ZIP, similar price + bedrooms.

Market insights for Islamorada

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

May 2026

100/100
Buyers marketSellers market

36

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

9/30/2022Sold$749,000
8/19/2022Listed for sale$749,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

76777 Overseas Hwy #2, Islamorada FL 33036Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

GreatSchoolsData provided by GreatSchools.org © 2026. All rights reserved.

Estimated Monthly Payment

$4,761/mo

Principal & Interest

$3,986

Property Tax

$624

Insurance

$150

HOA

$0

20% ($149,800)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

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Updated within 24 hours

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