87455 Old Hwy # 247, Islamorada FL 33036, ISLAMORADA, FL, 33036
Active59 days on marketListed Jun 14, 2026MLS #A12035866
About this home
87455 Old Hwy # 247, Islamorada FL 33036
WAKE UP TO A BREATHTAKING OCEAN VIEW IN THIS RARELY AVAILABLE OCEANFRONT CONDO COMMUNITY! LOCATED ON MILLIONAIRE'S ROW IN HIGHLY DESIRABLE ISLAMORADA/PLANTATION KEY. ENJOY A SPARKLING OCEANFRONT HEATED POOL, A 300 FT FISHING PIER/DOCK TO TIE UP YOUR BOAT FOR LOADING AND UNLOADING. KAYAK STANDS FOR THOSE THAT PREFER NON MOTORIZED ACTIVITIES. BBQ'S WITH COMPLIMENTARY PROPANE, AND THE COMMUNITY ROOM OFFERS A FULL KITCHEN WITH POOL TABLE, FLAT SCREEN TV, CARD TABLE, AND TABLE TENNIS. LIVE LIKE YOU ARE ON VACATION ALL YEAR LONG! INSIDE THE CONDO, BOASTS AN OPEN CONCEPT LIVING SPACE, 2 LARGE BEDROOMS THAT ARE FULLY FURNISHED. ALL YOU NEED ARE YOUR CLOTHES AND YOUR TOILETRIES! CONDO OFFERS THE PERFECT BLEND OF COMFORT AND CONVENIENCE, UPDATED KITCHEN WITH WOOD CABINETRY, RECESSED LIGHTING, AND AMPLE STORAGE. THE SPLIT-BEDROOM LAYOUT PROVIDES ADDED PRIVACY, WHILE THE PRIMARY SUITE BOASTS A STUNNING OCEAN VIEW. ADDITIONAL FEATURES INCLUDE A NEW HOT WATER HEATER, A HALF BATH ON THE MAIN LEVEL, A DESIGNATED COVERED PARKING SPACE, GUEST PARKING, ENJOY RESORT-STYLE AMENITIES INCLUDING A HEATED POOL, COMMUNITY ROOM WITH KITCHEN, DOCK/FISHING PIER, FITNESS CENTER, SAUNA, AND MORE. IDEALLY LOCATED TO ENJOY ALL THE FLORIDA KEYS HAS TO OFFER, THIS MOVE-IN-READY RENTAL IS THE PERFECT PLACE TO CALL HOME! ALSO, CLOSE BY AND WITHIN WALKING DISTANCE IS FOUNDER'S PARK, SHOPS, AND POPULAR GOURMET RESTAURANTS. LANDLORD WILL DECREASE RENT TO '$3,000 IF TENANT WISHES TO PAY THEIR OWN ELECTRIC.
Facts & features
The home at a glance
2
Bedrooms
1.5
Bathrooms
1,000
Sqft
1977
Year built
$3
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Principal and interest plus estimated taxes and insurance. Run your own numbers below.
$181 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$181/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Estimates only — taxes at 1.1%/yr and typical insurance; your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Islamorada actives
$3 vs $1,291
Days on market
59 vs 83 typical
Where $3/sqft sits among the 21 Islamorada actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Plantation Key
Get to know Islamorada. See the full Islamorada guide →
Plantation Key — neighborhood snapshot
Population
4,945
Median age
54
Median income
$66,425
Median home value
$857,007
Avg household
2
Households w/ children
367
For the school run
Monroe County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Islamorada market
$2.9M → $1.5M
Islamorada median sold, yr/yr
89.9%
Sale-to-list ratio (12 mo)
1 of 21
Islamorada actives have cut their price
This home is listed 100% below the ISLAMORADA 33036 median. See the full Islamorada market guide →
Paper trail
This home's history
Reality check
What actually sold near 87455 Old Hwy # 247
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jun ’26$405,000
87465 Old Hwy # 102, Islamorada FL 33036 · same community
2 bd · 2 ba · 1,032 sqft · $392/sqft · 121 DOM
Sold · Oct ’25$420,000
88500 Overseas Hwy # 428, Tavernier FL 33070
2 bd · 1.5 ba · 794 sqft · $529/sqft · 179 DOM
Sold · Nov ’25$565,000
87200 Overseas Hwy # F4, Plantation Key FL 33036
2 bd · 2.5 ba · 1,350 sqft · $419/sqft · 191 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 87455 Old Hwy # 247 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 87455 Old Hwy # 247 — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
87455 Old Hwy # 247 FAQs
What would the monthly payment be for 87455 Old Hwy # 247, Islamorada FL 33036?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $181/mo — principal and interest, estimated property taxes and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
Are pets allowed at 87455 Old Hwy # 247, Islamorada FL 33036?+
The listing reports pets: No. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Islamorada?+
At $2,900, this home is listed about 100% below the Islamorada median of $3,595,000. The market section on this page shows how the area is trending.
Which schools are assigned to 87455 Old Hwy # 247, Islamorada FL 33036?+
Coral Shores High School (high) — Monroe County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Under the ISLAMORADA 33036 market on paper
$2,900 is 100% below the ISLAMORADA 33036 median of $1,412,500, and at $3/sqft it sits under the Islamorada average of $1,741.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03The price has already moved
Listed at $3,100, now $2,900 — a $200 cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of The Keyes Company · Nancy Garcia. MLS #A12035866.
IDX information 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. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
Never miss a listing
New Islamorada homes, in your inbox
Like 87455 Old Hwy # 247, Islamorada FL 33036 but not quite? A daily digest of every new listing in Islamorada — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask David to ping you on any price or status change →