Listing Board: Florida Keys

As is Rght to Inspct: Yes

Species List: No

Current Price: $1,700,000

Listing Date: 2025-04-21

Sold Price: $1,700,000

Unit #: 3

City: ISLAMORADA

Off Shore Island: No

Mile Marker: 82.5

Marathon Neighborhood: N/A

Side: Bay/Gulf

Flood Zone: AE

Alternate Key #: 8703180

Parcel #: 00404450-000103

Zoning: R1 - Residential Single Family

Deed Restrictions: Unknown

Legal: UNIT 3 MADEIRA BAY A CONDOMINIUM & 1/8 INTEREST COMMON ELEMENTS (see deed)

Taxes: 12738.26

Tax Year: 2024

Pub Sewer HkUp: Yes

Street #: 82762

Street Name: Overseas

Street Suffix: Highway

Key/Island: Upper Matecumbe Key Islamorada

State/Province: FL

Zip Code: 33036

County: Monroe

Subdivision: Madeira Bay (82.5)

Area: 23 - Upper Matecumbe

Realtor.COM Type: Residential - Single Family

Waterfront: No

Control Depth: 4

Lot Size: irregular

Lot SqFt: 7416

Pool: Yes

Lot Sqft Source: Tax Records

Total Units: 1

Acres: 0.17

SqFt Source: Tax Records

Rentals Allowed: Yes

Min Rental Days: 30

Style: Single Family

Year Built: 1992

Living Apx SqFt: 2728

Total Bedrooms: 4

Full Baths: 4

Total Baths: 4

Remarks – Consumer: Open Bay Views, Boat Dockage, Pool and more... all in the Heart of Downtown Islamorada! Have you been dreaming of living downtown, but can't find a home with dedicated boat dockage and open water views? If so, this custom 4/4 home in Madeira Bay is your dream come true! Enjoy open water views from the porch, living room, kitchen, loft and bedroom plus soaring ceilings and nearly 3,000 sf of spacious living space perfect for a large or extended family. The Madeira Bay gated community is a hidden treasure of only 8 homes tucked in behind one of Islamorada's most beloved local restaurants in a peaceful private neighborhood. In addition to the community dock there is also a community pool and a gradual shoreline for launching a boat, paddle board or kayak or for wading directly into the bay with your rafts and floats! Inside, the stunning great room opens to the bay view porch on the main living level where there are also three bedrooms and two full baths in a split plan. There is also an open loft bedroom with full bath upstairs just off the great room featuring beautiful bay views. The fully permitted downstairs is connected by internal spiral stairs and adds a separate ground level entrance plus a spacious second living room, wet bar area for entertaining, plus a private guest bedroom with a full bath and outdoor porch. There is also an attached garage for protected parking and/or storage. The downtown location offers immediate access to shopping, fine dining, bars, galleries, art studios and all the regular local art festivals, full moon parties and events. Madeira Bay homes rarely come on the market and this one is a must see!

Directions: Mile marker 82.7 behind a private gate. Agent must accompany.

Mandatory Home Owners Asc: Yes

1st Right of Refusal: Yes

Condo Doc's: Yes

Association Fee $: 5950

Assoc/Mnt Fee Per: Yearly

Common Area Mnt: 1

Security: 1

Other: 1

Dock Length: 30

Dock: Wood

Assigned Dock: 1

Boat Slip: 1

Homestead: 1

Dryer: 1

Oven: 1

Range: 1

Refrigerator: 1

Washer: 1

Pets Allowed: 1

Central Air: 1

Bay Front: 1

None: 1

Bay/Gulf View: 1

Open Water View: 1

Carpet: 1

Tile: 1

Community Dockage: 1

Community Pool: 1

Cathedral Ceilings: 1

Split Bedroom: 1

Above Flood: Yes

Stories: 2 Stories

Aluminum Windows: 1

Other Windows/Doors: 1

Covered Parking: 1

Garage: 1

Guest Parking: 1

Open Parking: 1

Attached: 1

Off Street Parking: 1

Electric Gate: 1

Frame: 1

Less Than 1/4 Acre: 1

Unfurnished: 1

Buyer to Verify: 1

Cable Available: 1

Elect Separate Meter: 1

FKAA: 1

Municipal Sewer: 1

Water Separate Meter: 1

Deck: 1

Open Porch/Balcony: 1

Title Ins - Buyer: 1

In Ground: 1

Other: Community pool

Concrete: 1

Decked: 1

Cable: 1

Metal Roof: 1

Standard Sale: Yes

Accordion: 1

Panel: 1

Sold Date: 2026-03-30

Sold Price: $1,700,000

Status: Closed