The Newman Team Margo Brett  Rebecca

The Newman Team
Margo, Brett & Rebecca

(305) 393-1770
Brett
(305) 393-1892
Rebecca
(305) 393-3980
Margo
(305) 664-4111
Fax

Coldwell Banker Schmitt Real Estate Company

85996 Overseas Hwy
Islamorada, FL 33036

(305) 393-1770

28 Pen Key Dr, Islamorada, FL 33036

$ 4,195,000

4beds4baths
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Welcome to 28PenKeyDr.IsForSale.com

Property Info
Status:Contingent
MLS #:599529
Price:$ 4,195,000
Beds:4
Baths:4 Baths (4 F)
Type:Single Family
Size:3,044 ft²
Lot Size:21,344 ft²
Remarks
Prime location! Rare bayfront property in a private gated community located in the heart of downtown Islamorada with gorgeous sunset views, private pool and dockage! This original 4 bed/4 bath concrete home has a concrete roof and is ready for you to come in and make it your own, or take advantage of the existing building right to create your dream home in Islamorada's most exclusive community. Tucked into its own private corner of prestigious Pen Key Club, this ground level home is one of only seven in the 31-home community directly on the open bay and is on one of the largest lots with nearly half an acre of upland and another half an acre of baybottom. It also has a large private pool and had its own private dock on the property (in need of repair), in addition to enjoying use of the community boat basin and the community pool if desired. The current home is 2/2 in the main house and has 2 separate 1/1 guest suites, each with its own private entrance. Outside is a large shady grass yard with beautiful mature trees, including a stunning Haden mango. Another unique feature of Pen Key is that the club employs a full-time property manager living on site to maintain the grounds and common areas. After a day out fishing or boating, come home and watch the sunset from your own back yard and then stroll through the meticulously landscaped neighborhood and out the secure front gates to enjoy fine dining just steps away at Ziggie & Mad Dog's. This community is also perfectly situated in downtown near fine dining, bars, boutiques, salons, shops, art galleries, museums and of course, the monthly Art Walk and famous monthly Full Moon Party. The Village of Islamorada also offers Freebee Electric Vehicle Ridesharing for added convenience. If you are ready to live the good life in the heart of downtown Islamorada, then it's time to discover the peace, security and lush tranquility of Pen Key.
General Information
APN:
00402700-000000
HOA Dues:
$542
County:
Monroe
Building Details
Year Built:
1964
# of Stories:
2
Air Conditioning:
Type Unknown
Commercial Details
Zoning:
IS
Amenities
  • Central A/C
  • Fireplace
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*Rates for April 2024. Information displayed is accurate as of the date of the latest update and is subject to change without notice. Loan pricing can only be locked through a home mortgage consultant. Other restrictions may apply. The Rate/APR and other terms may vary from those displayed based on the creditworthiness of the borrower, the type of dwelling, whether the borrower is self-employed, the location of the property and other factors. Please contact a lender in your area to determine what rates you qualify for.

**Rates calculated from national averages.  To determine rates in your area please contact your local lender.

Local Schools

School NameTypeDistanceGreatSchools Rating
Treasure Village Montessori Charter School
86731 Overseas Highway, Islamorada FL 33036
(305) 852-3482
charter
3.6 mi
Map Item 8
Upper Keys Academic Connections for Excellence
73 High Point Road, Tavernier FL 33070
(305) 852-4246
public
5.6 mi
Plantation Key School
100 Lake Road, Tavernier FL 33070
(305) 853-3281
public
6.5 mi
Map Item 8
Coral Shores High School
89901 Old Highway, Tavernier FL 33070
(305) 853-3222
public
6.8 mi
Map Item 5
Ocean Studies Charter
92295 Old Highway, Tavernier FL 33070
(305) 852-7700
charter
8.9 mi
Map Item 7
GreatSchools

About Us

Top Selling Florida Keys Luxury Real Estate Team

The Florida Keys real estate team of Brett Newman, Rebecca Callahan Newman & Margo Newman has consistently ranked among the top 1 percent of real estate agents NATIONWIDE in sales volume. In 2021, they were recognized as the #1 Agents in the Upper Keys for Coldwell Banker with $51.4 Million in Sales.  In 2020, they were named "Realtors of the Year" for the Upper Keys and in 2019 they were the #1 Agents in the Upper Keys by Sales Volume. They have closed more than $450 million worth of Florida Keys real estate and have consistently earned the top designation of "International President's Circle Team" for top sales. This honor is among the highest presented by Coldwell Banker for top teams across North America. 

Brett grew up in the Keys so he is an experienced boater, knows the waters, understands the community, and offers his customers personal knowledge of the area's history and growth. For more than 25 years Brett has been a licensed real estate salesperson and was also a licensed mortgage broker. Throughout this time, he has worked as a real estate agent, mortgage broker and mortgage loan officer in residential real estate in South Florida.

Rebecca, Brett's wife, also grew up in Islamorada and moved back after earning a B.A. in Communications with an emphasis in Marketing and Journalism. She graduated summa cum laude with a 4.0 GPA and also attended graduate school at Florida International University for writing. She is a licensed real estate salesperson and has 20+ years experience as a marketing manager, graphic artist, web designer and writer. 

Margo, Brett's mother, first visited the Florida Keys to fish when she was only 20 years old, and she bought her first house in the Keys in the 1970s. Margo has 35+ years of real estate sales experience and has consistently listed and sold millions of dollars worth of Florida Keys property annually. Throughout her career, she has successfully closed residential, commercial, multifamily and land transactions.

The Florida Keys

The Newman Team lists and sells Upper and Middle Florida Keys properties primarily in the Islamorada area, Key Largo, Tavernier, Plantation Key, Upper Matecumbe Key, Lower Matecumbe Key, Long Key and Marathon. They have also listed and sold private islands offshore of the Florida Keys.

Their listings include multi-million dollar waterfront homes, oceanfront estates, waterfront property, luxury homes, private islands, beachfront and pool homes, ocean view homes and a selection of properties with immediate ocean and/or Florida Bay access for the best boating, fishing and diving in Florida.

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