79901 Overseas Highway 516, ISLAMORADA, FL

$1,500,000

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3

Beds

2

Baths

1,484

Square feet

About 79901 Overseas Highway 516

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!

Features of 79901 Overseas Highway 516

MLS® # 616222
Price $1,500,000
Bedrooms 3
Bathrooms 2.00
Full Baths 2
Square Footage 1,484
Year Built 1976
Type Residential
Sub-Type Condo
Status Active

Community Information

Address 79901 Overseas Highway 516
Area 23 - Upper Matecumbe
Subdivision Palms of Isla (80.0)
City ISLAMORADA
County Monroe
State FL
Zip Code 33036

Amenities

Amenities Community Pool, Bike Paths, Spa, Fire Hydrant, Manager on Premises, Clubhouse
Utilities FKAA, Elect Separate Meter, Cable Available, Municipal Sewer
Parking Assigned Parking, Off Street Parking, Guest Parking
View Ocean View, Open Water View
Is Waterfront Yes
Waterfront Oceanfront, Open Water
Has Pool Yes
Pool In Ground, Decked, Concrete

Interior

Interior Features Drapes/Blinds Incl, Granite Counter Top, Walk-in Closet(s), Storage, Split Bedroom
Appliances Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
Heating Electric
Cooling Central Air, Ceiling Fans(s)
Fireplace No
Stories 5 Stories

Exterior

Exterior Features Chickee Hut, Outdoor Shower, Hot Tub, Gazebo
Lot Description 2 Less Than 5 Acres
Windows Other Windows/Doors, Impact Rstnce Window, Impact Rstnce Doors
Roof Concrete Roof
Construction CBS, Concrete

Additional Information

Date Listed August 21st, 2025
Days on Market 74
Zoning MF - Multi-Family Attached
Short Sale No
RE / Bank Owned No
HOA Fees 1124.00
HOA Fees Freq. Monthly

Listing Details

AgentBrett Newman
OfficeColdwell Banker Schmitt Islamorada

Listing Map

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