79901 Overseas Hwy Apt 516,Islamorada, FL 33036

$ 1,500,0003beds2baths
    79901 Overseas Hwy Apt 516,  Islamorada, FL 33036
    Status:Active
    MLS #:616222
    Price:$ 1,500,000
    Beds:3
    Baths:2 Baths (2 F)
    Type:Condominium
    Size:1,484 ft²

    Welcome to 79901OverseasHwyApt516.IsForSale.com

    Remarks
    Stunning and Expansive Open Ocean Views and views of Alligator Lighthouse from almost every room! This one-of-a-kind beautifully updated condo at The Palms is an absolute must see for THE MOST spectacular open ocean views in Islamorada! Top floor penthouses are rarely on the market, and this fully updated 3 bedroom/ 2 bathroom was renovated down to the studs with new plumbing, wiring and electric. It was also completely re-imagined to create an elegant split bedroom floor plan that creates a much more private primary suite with spectacular ocean views. The view from this condo is so remarkable that it was even tapped to shoot a scene in the Bloodline TV series that was filmed in the Florida Keys! In addition to constructing an all new open kitchen with open ocean views and high-end appliances, the renovation also added additional cabinet storage and space for an in-unit laundry. The penthouse has impact windows and sliding glass doors plus accordian shutters on the porch to keep your porch furniture safe and out of the weather when you're away. There's also an ocean view community pool, hot tub, men's and women's gyms, kayak storage and launch, a community room and a dedicated parking spot plus additional guest parking. The Palms of Islamorada is also just steps away from the famous Lazy Days and Papa Joe's restaurants and Bud N' Mary's Marina. This one-of-a-kind penthouse will not last... call today!
    General Information
    APN:
    00096770-008000
    HOA Dues:
    $1124
    County:
    Monroe
    Subdivision:
    Palms of Isla (80.0)
    Building Details
    Year Built:
    1976
    # of Stories:
    5
    Roof Type:
    Concrete Roof
    Heating/Ventilation:
    Electric
    Air Conditioning:
    Central Air, Ceiling Fans(s)
    Commercial Details
    Zoning:
    MF - Multi-Family Attache
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    *Rates for September 2025. Information displayed is accurate as of the date of the latest update and is subject to change without notice. Loan pricing can only be locked through a home mortgage consultant. Other restrictions may apply. The Rate/APR and other terms may vary from those displayed based on the creditworthiness of the borrower, the type of dwelling, whether the borrower is self-employed, the location of the property and other factors. Please contact a lender in your area to determine what rates you qualify for.

    **Rates calculated from national averages.  To determine rates in your area please contact your local lender.

    Local Schools

    School NameTypeDistanceGreatSchools Rating
    86731 Overseas Highway, Islamorada FL 33036
    (305) 852-3482
    charter
    6.7 mi
    map link
    73 High Point Road, Tavernier FL 33070
    (305) 852-4246
    public
    8.6 mi
    100 Lake Road, Tavernier FL 33070
    (305) 853-3281
    public
    9.6 mi
    map link
    89901 Old Highway, Tavernier FL 33070
    (305) 853-3222
    public
    9.9 mi
    map link

    Data provided by GreatSchools.org ©2023. All rights reserved.

    About Us

    Top Selling Florida Keys Luxury Real Estate Team

    The Florida Keys real estate team of Brett Newman, Rebecca Callahan Newman & Margo Newman has consistently ranked among the top 1 percent of real estate agents NATIONWIDE in sales volume. In 2021, they were recognized as the #1 Agents in the Upper Keys for Coldwell Banker with $51.4 Million in Sales.  In 2020, they were named "Realtors of the Year" for the Upper Keys and in 2019 they were the #1 Agents in the Upper Keys by Sales Volume. They have closed more than $450 million worth of Florida Keys real estate and have consistently earned the top designation of "International President's Circle Team" for top sales. This honor is among the highest presented by Coldwell Banker for top teams across North America. 

    Brett grew up in the Keys so he is an experienced boater, knows the waters, understands the community, and offers his customers personal knowledge of the area's history and growth. For more than 25 years Brett has been a licensed real estate salesperson and was also a licensed mortgage broker. Throughout this time, he has worked as a real estate agent, mortgage broker and mortgage loan officer in residential real estate in South Florida.

    Rebecca, Brett's wife, also grew up in Islamorada and moved back after earning a B.A. in Communications with an emphasis in Marketing and Journalism. She graduated summa cum laude with a 4.0 GPA and also attended graduate school at Florida International University for writing. She is a licensed real estate salesperson and has 20+ years experience as a marketing manager, graphic artist, web designer and writer. 

    Margo, Brett's mother, first visited the Florida Keys to fish when she was only 20 years old, and she bought her first house in the Keys in the 1970s. Margo has 35+ years of real estate sales experience and has consistently listed and sold millions of dollars worth of Florida Keys property annually. Throughout her career, she has successfully closed residential, commercial, multifamily and land transactions.

    The Florida Keys

    The Newman Team lists and sells Upper and Middle Florida Keys properties primarily in the Islamorada area, Key Largo, Tavernier, Plantation Key, Upper Matecumbe Key, Lower Matecumbe Key, Long Key and Marathon. They have also listed and sold private islands offshore of the Florida Keys.

    Their listings include multi-million dollar waterfront homes, oceanfront estates, waterfront property, luxury homes, private islands, beachfront and pool homes, ocean view homes and a selection of properties with immediate ocean and/or Florida Bay access for the best boating, fishing and diving in Florida.

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    The Newman Team Margo Brett  Rebecca

    Coldwell Banker Schmitt Real Estate Company

    85996 Overseas Hwy
    Islamorada, FL 33036

    (305) 393-1770
    REALTOREqual Housing Opportunity

    ©2020 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Realogy Brokerage Group LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. CalRE #00616212

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