Sell Your Home
Get a free home valuation
Contact
Tell us about your needs

87851 Old Hwy # M42, Islamorada FL 33036

Condo/Co-op For Sale
$1,525,000

BTC: 23.75773899

ETH: 865.03227563

27 days
Waterfront
3 bds
2 ba
1,736 sqft

Overview

Islamorada top-floor condo at Ocean Harbour with Atlantic ocean views and a boat slip. 3 bedroom, 2 bathroom luxury condo offers expansive ocean views and comfortable living space. The thoughtfully redesigned floor plan enhances the primary suite layout, adds a third bedroom, updates both bathrooms, and expands the living area by enclosing the porch as additional interior living space; maximizing functionality, comfort, and guest accommodations. Features updated appliances, hurricane impact glass, boat slip #33 and one covered parking space. Elevated waterfront living within this premier gated community featuring beach areas, oceanfront clubhouse, swimming pool, spa, gym, pickleball and tennis courts, EV charging station, boat ramp, and boat trailer storage. The beach tiki is ideal for entertaining with a grill, ice maker, and TV. Pets allowed with restrictions. Enjoy boating, fishing, kayaking, paddle boarding, nearby restaurants, medical care, boutique shopping, and art galleries. Bring your boat and experience the best of Florida Keys waterfront living.

Location

Details

Type:
Residential
Parking:
Attached Carport / 1 Space / Assigned / Covered / Other
Year Built:
1989
Lot:
No Data
Heating:
Heat Strip
Price/sqft:
$878
Cooling:
Ceiling Fan(s) / Central Air
HOA:
$4,049

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,300,000
$1.1M – $1.5M
Confidence Low
List vs. estimate
$225K above estimate
List $1,525,000 · +17.3%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$878
+7.8% vs. city median $814
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$4,906
2025
HOA
$4,049/qtr
View
Ocean View, Water View
Waterfront
Ocean Access, Ocean Front
Furnished
Furniture For Sale,Furniture Negotiable
Pets
Restrictions Or Possible Restrictions
All facts and features
  • Flooring

    • Tile

    Heating

    • Heat Strip

    Cooling

    • Ceiling Fan(s)

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Electric Water Heater

    • Microwave

    • Electric Range

    • Refrigerator

    • Washer

    Other interior features

    • Elevator

    • Fire Sprinklers

    • Walk-In Closet(s)

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 2

  • Parking

    • Attached Carport

    • 1 Space

    • Assigned

    • Covered

    • Other

    Property

    • Exterior Features: Other / Barbeque

    Other Property Information

    • Parcel Number: 00415140-000120

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $4,049

    • HOA Frequency: Quarterly

    • Annual tax amount: $4,906

  • Source details

    • MLS ID: A12024447

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction / Frame With Stucco

    • Laundry Features: Washer/Dryer Hook-Up

    • Waterfront: Yes

    • Living Area: 1736

    • Subdivision Name: Ocean Harbour

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

More like this

For Sale
$1,390,000
House
2 bds · 2 ba · 1,279 sqft
PLANTATION KEY COLONY, Plantation Key
251 Azalea St, Plantation Key FL 33070
For Sale
$1,300,000
Condo/Co-op
2 bds · 2 ba · 1,732 sqft
OCEAN HARBOUR, Islamorada
87851 Old Highway # M5, Islamorada FL 33036
For Sale
$1,750,000
House
4 bds · 2 ba · 672 sqft
PLANTATION KEY COLONY 1ST, Plantation Key
125 Gardenia St, Plantation Key FL 33070
For Sale
$1,085,000
House
3 bds · 2 ba · 1,711 sqft
INDIAN HARBOR, Tavernier
157 Navajo St, Tavernier FL 33070
For Sale
$1,150,000
House
2 bds · 2 ba · 1,376 sqft
Anglers Reef, Islamorada
102 Anglers Way, Islamorada FL 33036
-$350K
For Sale
$1,899,000
House
4 bds · 2 ba
Plant Key Colony, Plantation Key
150 Azalea St., Plantation Key FL 33070
For Sale
$1,199,990
House
2 bds · 2 ba · 1,376 sqft
Anglers Reef Un 111, Islamorada
111 Anglers Way, Islamorada FL 33036

Market around this address

Live counts in the same area.
View all

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: American Caribbean Real Estate