Skip to content
87851 Old Highway P3, Islamorada, FL 33036
Active
1 Day on Market
Virtual Tour
Loading photos…
All Listings

$1,895,000

87851 Old Highway P3

Islamorada, FL 33036

OCEAN HARBOUR

Explore the area: Monroe County real estate

How this price compares

List price
$1,895,000
Price per sq ft
$710
Original price
Unchanged
Days on market
1

This 4-bedroom condo in Ocean Harbour is listed at $1,895,000, or $710 per square foot. It has been on the market for 1 day.

4
Bedrooms
3
Bathrooms
2,668
Living Sq Ft
1989
Year Built

Estimated monthly payment

$9,959 /mo

Principal and interest only, based on $379,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.

Customize this estimate

Listing Snapshot

Price
$1,895,000
Days on Site
1 Days
Bedrooms
4
Total Baths
3
Full Baths
3
Partial Baths
0
Living Area
2,668 sqft
Total Sq Ft
2,668 sqft
Year Built
1989
Property Type
Condo
MLS #
A12122208
Property Tax
$10,881 (2025)
HOA Fees
$6,142 / Quarterly
Subdivision
OCEAN HARBOUR
County
Monroe
Status
Active
Special Conditions
Listed As Is

About This Property

Welcome to Ocean Harbour, one of Islamorada's premier communities! This unique 4 Bedroom, 3 Bathroom expansive 2668sqft condominium offers a desirable split floor plan with an open kitchen, dining room and living area, impact windows and doors, new a/c and water heater along with an enclosed air-conditioned porch, all overlooking breathtaking views of the Atlantic Ocean. Enjoy the convenience of a private rear entry staircase leading directly to your 50' boat slip (#27), nestled in the expansive marina. Additional perks include storage room and covered parking. Set on 12 acres of lush tropical grounds, Ocean Harbour offers endless amenities including a heated swimming pool, hot tub, sandy beach, boat ramp, trailer storage, tennis and pickleball courts, clubhouse, and a fitness center with ocean views. Enjoy nearby Florida Bay access through Snake Creek offering offshore or backcountry fishing and numerous delicious waterfront restaurants. This property truly offers the best of Keys living!

MLS media link

General Features

Property Type
Condo
Status
Active
Year Built
1989
Number of Stories
5
Garage Spaces
1
Parking
Covered / Guest
Living Sq Ft
2,668
Total Sq Ft
2,668

Interior Features

Appliances
Dryer / Dishwasher / Electric Range / Refrigerator / Washer
Cooling
Central Air / Ceiling Fans
Heating
Central
Flooring
Tile
Interior Features
Elevator / Sitting Area In Primary / Separate Shower / Walk In Closets

Exterior Features

Construction
CBS Concrete Block Structure / Block / Frame
Exterior Features
Barbecue / Outdoor Living Area / Tennis Courts
Architectural Style
Other
Pool Features
Heated
Patio & Porch
Patio / Porch / Wrap Around
Waterfront
Yes
Waterfront Features
Ocean Access / Ocean Front
View
Ocean

Community & HOA

HOA Fee
$6,142 / Quarterly
HOA Includes
Common Areas / Insurance / Maintenance Grounds
Association Amenities
Clubhouse / Management / Picnic Area / Pier / Pool / Spa Hot Tub / Storage / Tennis Courts / Elevators
Community Features
Home Owners Association
Security
Key Card Entry / Phone Entry
Pets Allowed
Number Limit / Yes
55+ Community
Yes
Financing Terms
Cash / Conventional / FHA / Va Loan
Restrictions
Ok To Lease
MLS Area
5940 - Other Florida County

Schools

Elementary School
Plantation Key
Middle School
Plantation Key
High School
Coral Shores
Homes for Sale
1
Under Contract
0
Median List Price
$1,895,000
Median $/Sq Ft
$710
Avg Days on Market
1
View all 1 homes for sale in Ocean Harbour →
How do I schedule a tour of 87851 Old Highway P3, Islamorada, FL 33036?
Use the Tour button on this listing to request a showing of 87851 Old Highway P3, Islamorada, FL 33036. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
Is 87851 Old Highway P3, Islamorada, FL 33036 still available?
87851 Old Highway P3, Islamorada, FL 33036 is currently listed as Active, and has been on the market 1 day. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
How much is the monthly payment for 87851 Old Highway P3, Islamorada, FL 33036?
With 20% down ($379,000) on the $1,895,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 87851 Old Highway P3, Islamorada, FL 33036 is about $9,959/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
How do I get pre-approved to buy 87851 Old Highway P3, Islamorada, FL 33036?
Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 87851 Old Highway P3, Islamorada, FL 33036. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
Does 87851 Old Highway P3, Islamorada, FL 33036 have an HOA fee?
Yes: 87851 Old Highway P3, Islamorada, FL 33036 carries an HOA fee of about $6,142 quarterly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
What schools serve 87851 Old Highway P3, Islamorada, FL 33036?
87851 Old Highway P3, Islamorada, FL 33036 is zoned for Plantation Key (elementary), Plantation Key (middle), Coral Shores (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
Can I negotiate the price of 87851 Old Highway P3, Islamorada, FL 33036?
Often, yes. The right offer on 87851 Old Highway P3, Islamorada, FL 33036 depends on how it's priced against comparable condo sales in Islamorada, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.

Listing courtesy of Langley Knight Gardner Islamorada

Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated November 14, 2026.

$1,895,000

Interested in This Property?

Contact us to schedule a showing or ask a question.

Re: 87851 Old Highway P3, Islamorada, FL 33036

By submitting you agree to our Privacy Policy and Terms of Use.

Own a home near this one? See what it would sell for today

Listed by Lisa Ann Frins, Langley Knight Gardner Islamorada