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87851 Old Hwy # M42, Islamorada FL 33036

Condo/Co-op Active With Contract
$1,385,000

BTC: 21.54803578

ETH: 727.93592062

-$140K (2026/07/24)
59 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:
$798
Cooling:
Ceiling Fan(s) / Central Air
HOA:
$4,049

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,149,000
$827K – $1.4M
Confidence Low
List vs. estimate
$236K above estimate
List $1,385,000 · +20.5%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$797
-32.4% vs. city median $1,180
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

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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: American Caribbean Real Estate