The Crown Jewel of Islamorada-The Oasis! This magnificent 6 bedroom,7 bathroom property is a true masterpiece.Sprawling over 2.8 acres & with over 400 ft of waterfront and its own large boat basin with new dockage and lift.This superbly landscaped estate, offers the ultimate luxury living experience.As you enter the property, the elevated driveway flows through the gorgeous landscape and unto the living level.You practically ''walk-on-water'' as you approach the exquisite front pivot door of the main house.Once inside, you'll be greeted by breathtaking panoramic views of the ocean from every angle. Step inside and be captivated by the high ceilings and hardwood flooring.This is truly the epitome of luxury living in the Florida Keys & The Oasis at 87429
Property Details
Property Features
Property Information:
Architectural Style: Two Story
Year Built: 2022
Stories: 2
Living Area: 6,602 SqFt
Listing Office:
Office Name: The Firm Realty Group
Office Phone: (305) 619-0257
Listing Agent: Pedro Riveiro
Interior Features
Interior Information:
Appliances: Gas Range
Flooring Type: Carpet, Tile, Wood
Interior: Bedroom on Main Level, Second Floor Entry, First Floor Entry
Bedroom and Bathroom Information:
Partial Bathrooms: 1
Full Bathrooms: 6
Total Bedroom Count: 6
Exterior Features
Exterior Information:
Waterfront: Ocean Front
View: Ocean
Exterior: Balcony, Barbecue, Deck, Security/High Impact Doors, Porch, Shutters Electric
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$99.8K
Per Month
Principal & Interest
$99.7K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$59.9K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
8
/10
Plantation Key School
100 Lake Rd
Distance between this listing and this school2.25 miles
Public District Grades PK-8
High School
5
/10
Coral Shores High School
89901 Old Hwy
Distance between this listing and this school2.50 miles
Public District Grades 9-12
Assigned Schools
8
/10
Plantation Key School
100 Lake Rd
Distance between this listing and this school2.25 miles
Public District Grades PK-8
Nearby Schools
7
/10
Ocean Studies Charter
92295 Old Hwy
Distance between this listing and this school3.20 miles
Public Charter Grades KG-4
4
/10
Key Largo School
104801 Overseas Hwy
Distance between this listing and this school16.95 miles
Public District Grades PK-8
Nearby Schools
8
/10
Treasure Village Montessori Charter School
86731 Old Hwy
Distance between this listing and this school0.82 miles
Public Charter Grades PK-8
Assigned Schools
5
/10
Coral Shores High School
89901 Old Hwy
Distance between this listing and this school2.50 miles
The neighbors living near this home have an average income of $69,186. Residents of Islamorada, FL typically earn between $35k-100k each year. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 87429 Old Hwy
What is the listing price of this property?
The listing price of 87429 Old Hwy property is $19,990,000.
What type of property is this?
The property 87429 Old Hwy is a house located in Islamorada, Florida, 33036.
Is this property for sale now?
Active Listing: 87429 Old Hwy is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 87429 Old Hwy are: Plantation Key School: GreatSchools Rating 8/10Coral Shores High School: GreatSchools Rating 5/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $30,238 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 87429 Old Hwy has 6 bedrooms and 6 full and 1 half bathrooms.
What is the square footage of this property?
The property 87429 Old Hwy is 6,602 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 87429 Old Hwy is 2022.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 87429 Old Hwy in Islamorada, FL and zip code 33036. This 6,602 square foot home was built in 2022. Features: 6 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since February 26, 2024 and is currently priced at $19,990,000.
In March 2024 more than 0 listings in Islamorada, FL were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below. The number of homes for sale in Islamorada, FL increased by 3.8% between February 2024 and March 2024. The median list price of listings available in March 2024 was $850,000, while the average time on the real estate market was 245 days.
From Rocket Homes Real Estate and based on county public records data.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Hiking/backpacking
Hiking/backpacking
PGA/LPGA
Yoga/pilates
Nordstrom Rack
Stein Mart
Chico's
Chipotle
Bonefish Grill
Dominos Pizza
Mazda
Lincoln
Cadillac
Rock
Classical
Alternative