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87200 Overseas Hwy # K5, Islamorada FL 33036

Condo/Co-op For Sale
$685,000

BTC: 10.67150899

ETH: 388.55548118

12 days
Waterfront
3 bds
2 ba
1,352 sqft

Overview

Discover the Florida Keys lifestyle at Executive Bay Club Unit K5, one of Islamorada’s hidden gems and an ideal retreat for boaters, vacation-home buyers, investors, and anyone seeking the perfect island escape. Located just about one hour from Miami, this residence offers the best of Keys living with easy access to world-class fishing, boating, dining, beaches, and waterfront recreation. Perfectly positioned steps from the community pool, Unit K5 also allows you to enjoy beautiful bay views right from your backyard, creating the ideal setting for morning coffee, sunset relaxation, and effortless island living. Executive Bay Club is a gated bayfront community offering resort-style amenities, including a private beach, renovated clubhouse, sparkling pool, tennis courts, basketball, pickleball, and beautifully maintained common areas. Boaters will appreciate the first-come, first-served dockage and convenient access to both Tavernier Creek and Snake Creek, making ocean and bay adventures easily accessible. Perfect as a primary residence, weekend getaway, vacation home, or income-producing property, Unit K5 offers excellent short-term rental and Airbnb potential, subject to community and local rental guidelines. Close to Founders Park, local marinas, restaurants, shops, and everything that makes Islamorada one of the most desirable destinations in the Florida Keys.

Location

Details

Type:
Residential
Parking:
1 Space / Open
Year Built:
1980
Lot:
No Data
Heating:
Central
Price/sqft:
$507
Cooling:
Central Air
HOA:
$1,310

Valuation

Our model vs. what's actually selling nearby.
Estimate
$629,000
$413K – $681K
Confidence Low
List vs. estimate
$56K above estimate
List $685,000 · +8.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$506
-37.8% vs. city median $814
Based on
13 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$5,331
2025
HOA
$1,310/mo
View
Bay, Other View
Waterfront
Yes
All facts and features
  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Electric Range

    • Microwave

    • Other Equipment/Appliances

    • Refrigerator

    • Washer

    Other interior features

    • First Floor Entry

    • Built-in Features

    • Walk-In Closet(s)

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 2

  • Parking

    • 1 Space

    • Open

    Property

    • Exterior Features: Other

    Other Property Information

    • Parcel Number: 00093242-004100

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $1,310

    • HOA Frequency: Monthly

    • Annual tax amount: $5,331

  • Source details

    • MLS ID: A12034985

    Other facts

    • Construction Materials: CBS Construction

    • Patio And Porch Features: Patio

    • Window Features: Blinds

    • Architectural Style: Garden Apartment

    • Waterfront: Yes

    • Living Area: 1352

    • Subdivision Name: EXECUTIVE BAY CLUB

Private inquiry
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: EXP Realty, LLC