82762 OVERSEAS HIGHWAY #3, ISLAMORADA, FL 33036

82762 Overseas Highway #3
ISLAMORADA, FL 33036

$2,695,000

Beds: 4
Baths: 4
Sq. Ft.: 2,728
Listing # 614741
Open Bay Views, Boat Dockage 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 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 lots of living space. 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! 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 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!
Property Features
Location Information
County: Monroe
Neighborhood: Upper Matecumbe Key Islamorada
MLS Area: 23 - Upper Matecumbe
Latitude: 24.927961
Longitude: -80.625787
Subdivision: Madeira Bay (82.5)
Directions: Mile marker 82.7 behind a private gate. Agent must accompany.
Interior Features
Interior: Cathedral Ceilings, Split Bedroom
Cooling: Central Air
Floors: Tile, Carpet
Appliances: Washer, Oven, Range, Refrigerator, Dryer
Total Number of Units: 1
Furnished: Unfurnished
Exterior Features
Style: Single Family
Construction: Frame
Roof: Metal Roof
Septic or Sewer: Public Sewer Hookup
Utilities: FKAA, Water Separate Meter, Cable Available, Elect Separate Meter, Buyer to Verify, Municipal Sewer
Parking Description: Garage, Covered Parking, Off Street Parking, Guest Parking, Open Parking, Attached
Has Garage: Yes
Patio / Deck Description: Open Porch/Balcony, Deck
Has a Pool: Yes
Pool Description: In Ground, Decked, Concrete
Lot Size: Less Than 1/4 Acre
Lot Size in Acres: 0.17
Lot Size in Sq. Ft.: 7,416
Zoning: R1 - Residential Single Family
Waterfront Description: None
Has Waterfront: No
Waterview: Bay/Gulf View, Open Water View
Side: Bay/Gulf
Additional Information
Property Type: SFR
Property SubType: Residential - Single Family
Year Built: 1992
APN: 00404450-000103
Status: Active
Fees Include: Common Area Mnt, Other, Security
HOA Fee: $5,950
HOA Frequency: Yearly
Pets: Pets Allowed
Win/Doors: Aluminum Windows, Other Windows/Doors
Tax Year: 2024
Tax Amount: $12,738.26
Amenities: Community Pool, Community Dockage
Square Feet Source: Tax Records
Listing courtesy of Brett Newman, Coldwell Banker Schmitt Islamorada (305) 664-4470
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Florida Keys MLS data last updated at May 9, 2025, 1:05 AM ET