$1,700,000
82762 Overseas Highway 3
Upper Matecumbe Key Islamorada, FL 33036
MLS# 614741
Status: Closed
4 beds  |  4 baths  |  2728 sqft

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Community Dock
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Community Dock Shared Dock at Sunset Aerial View Second Home from Bay Community Pool Community Gate Custom Home Custom Home Bay View Porch Great Room Bay View Great Room Kitchen View Kitchen Kitchen Dining Area Dining Main Bedroom Main Bedroom Main Bath Main Bedroom Great Room with Bay View Loft Loft View Loft View Loft Bedroom Loft View Loft Bath Main Floor Bay View Second Bedroom Second Bedroom Main Floor Second Full Bath Main Floor Second Full Bath Main Floor Third Bedroom Main Floor Third Bedroom Main Floor Downstairs Living Space Downstairs Bar Entertainment Area Downstairs Entertainment Area Downstairs Bar Downstairs Bedroom Four Downstairs Guest Bedroom Downstairs Full Bath Downstairs Back Porch Street View Second Home from Bay Custom Home Top View Community Pool Community Pool Community Dock Community Dock Community Dock Boat Slip Community Dock with Dedicated Boat Slip Dedicated Dockage One in from Bay Side Aerial View Hidden Location

Property Description
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!

Details
Maps
Contract Information
Current Price: $1,700,000
Listing Date: 2025-04-21
Listing Board: Florida Keys
Leased Price Monthly: $1,700,000
As is Rght to Inspct: Yes
Species List: No
Location, Tax & Legal
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
General Property Description
Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: No
Control Depth: 4
Pool: Yes
Year Built: 1992
Total Units: 1
Lot Size: irregular
Lot SqFt: 7416
Lot Sqft Source: Tax Records
Acres: 0.17
Living Apx SqFt: 2728
SqFt Source: Tax Records
Total Bedrooms: 4
Full Baths: 4
Total Baths: 4
Rentals Allowed: Yes
Min Rental Days: 30
Association Info
Mandatory Home Owners Asc: Yes
Condo Doc's: Yes
1st Right of Refusal: Yes
Association Fee $: 5950
Assoc/Mnt Fee Per: Yearly
Dockage
Dock Length: 30
Dock: Wood
Building Style
Above Flood: Yes
# Stories: 2 Stories
Pool Info
Other: Community pool
Financial Status
Standard Sale: Yes
Status Change Info
Under Contract Date: 2026-02-23
Leased Date: 2026-03-30
Leased Price Monthly: $1,700,000
Status: Closed
Property Features
Fee Includes: Common Area Mnt; Security; Other
Tax Exemptions: Homestead
Waterfront: Bay Front; None
Waterview: Bay/Gulf View; Open Water View
Dockage: Assigned Dock; Boat Slip
Vehicle Storage: Garage; Attached; Covered Parking; Guest Parking; Off Street Parking; Open Parking
Furnished: Unfurnished
Cooling: Central Air
Utilities: Buyer to Verify; Cable Available; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter
Interior Features: Cathedral Ceilings; Split Bedroom
Pre-Wired: Cable
Appliances: Dryer; Oven; Range; Refrigerator; Washer
Pool Info: In Ground; Concrete; Decked
Construction: Frame
Shutters: Accordion; Panel
Floor: Carpet; Tile
Roof: Metal Roof
Pets: Pets Allowed
Neighborhood Feature: Community Dockage; Community Pool
Security: Electric Gate
Land Size: Less Than 1/4 Acre
Title: Title Ins - Buyer

Listing Office: Coldwell Banker Schmitt Islamorada

Last Updated: March - 30 - 2026

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