82762 Overseas Highway 3, Upper Matecumbe Key Islamorada, FL 33036
$1,900,000
Property Type:
Residential
Bedrooms:
4
Baths:
4
Square Footage:
2,728
Lot Size (sq. ft.):
7,416
Status:
Contingent/Show
Current Price:
$1,900,000
List Date:
4/21/2025
Last Modified:
2/24/2026
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!
More Information MLS# 614741
Contract Information
Listing Board: Florida Keys
As is Rght to Inspct: Yes
Species List: No
Current Price: $1,900,000
Listing Date: 2025-04-21
List Price: $1,900,000
Location, Tax & Legal
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
General Property Description
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 & 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.
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: Yes
Condo Doc's: Yes
Association Fee $: 5950
Assoc/Mnt Fee Per: Yearly
Fee Includes
Common Area Mnt: 1
Security: 1
Other: 1
Dockage
Dock Length: 30
Dock: Wood
Assigned Dock: 1
Boat Slip: 1
Tax Exemptions
Homestead: 1
Appliances
Dryer: 1
Oven: 1
Range: 1
Refrigerator: 1
Washer: 1
Pets
Pets Allowed: 1
Cooling
Central Air: 1
Waterfront
Bay Front: 1
None: 1
Waterview
Bay/Gulf View: 1
Open Water View: 1
Floor
Carpet: 1
Tile: 1
Neighborhood Feature
Community Dockage: 1
Community Pool: 1
Interior Features
Cathedral Ceilings: 1
Split Bedroom: 1
Building Style
Above Flood: Yes
Stories: 2 Stories
Windows/Doors
Aluminum Windows: 1
Other Windows/Doors: 1
Vehicle Storage
Covered Parking: 1
Garage: 1
Guest Parking: 1
Open Parking: 1
Attached: 1
Off Street Parking: 1
Security
Electric Gate: 1
Construction
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Unfurnished: 1
Utilities
Buyer to Verify: 1
Cable Available: 1
Elect Separate Meter: 1
FKAA: 1
Municipal Sewer: 1
Water Separate Meter: 1
Porch/Balcony
Deck: 1
Open Porch/Balcony: 1
Title
Title Ins - Buyer: 1
Pool Info
In Ground: 1
Other: Community pool
Concrete: 1
Decked: 1
Pre-Wired
Cable: 1
Roof
Metal Roof: 1
Financial Status
Standard Sale: Yes
Shutters
Accordion: 1
Panel: 1
Status Change Info
Contingent: Contingent/Show
Status: Contingent/Show
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: February - 24 - 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.
