82762 Overseas Highway 3, Upper Matecumbe Key Islamorada, FL 33036 (MLS# 614741)

82762 Overseas Highway 3, Upper Matecumbe Key Islamorada, FL 33036

$1,700,000

Virtual Tour

https://www.youtube.com/watch?v=qN1Yvgt6v1A

Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 2,728 Lot Size (sq. ft.): 7,416 Status: Closed

Current Price: $1,700,000 List Date: 4/21/2025 Last Modified: 3/30/2026

Overview

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 ... (Read more)

Listing Details MLS# 614741

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
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

Contract Information

Listing Board: Florida Keys
As is Rght to Inspct: Yes
Species List: No

General Property Description

Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: No
Control Depth: 4
Pool: Yes
Year Built: 1992
Total Units: Yes
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

Status Change Info

Sold Date: 2026-03-30

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
Assigned Dock: Yes
Boat Slip: Yes

More Information

Building Style

Above Flood: Yes
Stories: 2 Stories

Pool Info

Other: Community pool
In Ground: Yes
Concrete: Yes
Decked: Yes

Financial Status

Standard Sale: Yes

Remarks & Misc

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.

Fee Includes

Common Area Mnt: Yes
Security: Yes
Other: Yes

Tax Exemptions

Homestead: Yes

Appliances

Dryer: Yes
Oven: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Pets

Pets Allowed: Yes

Cooling

Central Air: Yes

Waterfront

Bay Front: Yes
None: Yes

Waterview

Bay/Gulf View: Yes
Open Water View: Yes

Floor

Carpet: Yes
Tile: Yes

Neighborhood Feature

Community Dockage: Yes
Community Pool: Yes

Interior Features

Cathedral Ceilings: Yes
Split Bedroom: Yes

Windows/Doors

Aluminum Windows: Yes
Other Windows/Doors: Yes

Vehicle Storage

Covered Parking: Yes
Garage: Yes
Guest Parking: Yes
Open Parking: Yes
Attached: Yes
Off Street Parking: Yes

Security

Electric Gate: Yes

Construction

Frame: Yes

Land Size

Less Than 1/4 Acre: Yes

Furnished

Unfurnished: Yes

Utilities

Buyer to Verify: Yes
Cable Available: Yes
Elect Separate Meter: Yes
FKAA: Yes
Municipal Sewer: Yes
Water Separate Meter: Yes

Porch/Balcony

Deck: Yes
Open Porch/Balcony: Yes

Title

Title Ins - Buyer: Yes

Pre-Wired

Cable: Yes

Roof

Metal Roof: Yes

Shutters

Accordion: Yes
Panel: Yes

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

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.