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87851 Old Highway # M5, Islamorada FL 33036

Condo/Co-op For Sale
$1,300,000

BTC: 20.25249881

ETH: 737.40456283

67 days
Waterfront
2 bds
2 ba
1,732 sqft

Overview

A New Standard of Paradise - Live with views of the Atlantic Ocean everyday. This home has been updated and beautified from top to bottom. Marble flooring throughout living areas. Eat in kitchen offers large island, snack counter and full size wine cooler. Dishwasher installed 12/25. There is also a hot water dispenser. Dining area and living area open to enclosed patio with private spiral staircase leading to resort styled amenities. Impact glass on all windows. Primary bedroom offers more spectacular views, built in furnishings and is 14x14. Modification in primary bathroom leads to large walk in closet. Washer replaced 2025, dryer 2024, AC 2021. Building inspections complete with no pending assessments. Private Marina dredged 2025. Outside storage cage included. RARE covered parking. Enjoy resort style pool, hot tub, tennis, pickleball, nature trails, gazebos, boat ramp, clubhouse with fitness, pavilion with ice machine, docks rentable for up to 30ft boat (almost always available), tiki huts, electric vehicle chargers, guest parking, open lot for boat storage, and private marina. Chandelier in dining area excluded. Beach area overlooks marina. Owner agent.

Location

Details

Type:
Residential
Parking:
Awning / Covered / Electric Vehicle Charging Station(s) / Guest / Rv/Boat Parking
Year Built:
1989
Lot:
No Data
Heating:
Central Individual A/C / Central
Price/sqft:
$751
Cooling:
Ceiling Fan(s) / Central Individual A/C / Central Air
HOA:
$1,764

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,300,000
$1.1M – $1.5M
Confidence Low
List vs. estimate
At estimate
List $1,300,000 · +0.0%
List is in line with recent comparable activity.
Price per sq ft
$750
-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
$9,470
2025
HOA
$1,764/mo
Pool
Community
View
Direct Ocean, Water
Waterfront
Navigable Water, Ocean Access
Parking
1 spaces
Pets
Allowed
All facts and features
  • Flooring

    • Carpet

    • Marble

    Heating

    • Central Individual A/C

    • Central

    Cooling

    • Ceiling Fan(s)

    • Central Individual A/C

    • Central Air

    Appliances

    • Electric Water Heater

    • Dishwasher

    • Disposal

    • Dryer

    • Ice Maker

    • Microwave

    • Electric Range

    • Refrigerator

    • Self Cleaning Oven

    • Wall Oven

    • Washer

    Other interior features

    • Cooking Island

    • Pantry

    • Split Bedroom

    • Walk-In Closet(s)

    • Florida Room

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • Awning

    • Covered

    • Electric Vehicle Charging Station(s)

    • Guest

    • Rv/Boat Parking

    Property

    • Levels: 1

    • Pool Private: Yes

    • Exterior Features: Exterior Cat Walk

    Other Property Information

    • Parcel Number: 00415140000105

    • Zoning: Residential

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Utility

    • Cable Connected

    • Electricity Connected

    • Water Connected

    • Cable Available

    • Electricity Available

    • Sewer Available

    • Water Available

  • Other financial information

    • HOA: $1,764

    • HOA Frequency: Monthly

    • Annual tax amount: $9,470

  • Source details

    • MLS ID: B26016320

    Other facts

    • Construction Materials: CBS Construction

    • Pool Features: Community

    • Window Features: Complete Impact Glass / Sliding

    • Direction Faces: West

    • Other Structures: Livable

    • Architectural Style: One Story

    • Waterfront: Yes

    • Living Area: 1732

    • Water Source: Public

    • Subdivision Name: OCEAN HARBOUR

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: KW Innovations