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
| Agent | Brett Newman | 
|---|---|
| Office | Coldwell Banker Schmitt Islamorada | 
