Villa Lago is an Italian-inspired waterfront estate positioned along 220 feet of pristine Florida Bay frontage in Islamorada. Offering 8,194 SF of living space on 1 acre of bayfront property, a dramatic arrival unfolds beneath soaring 30ft ceilings, leading into a grand living space framed by turquoise bay views. An arcaded hallway with a hand-tiled barrel-vaulted ceiling connects interiors featuring Italian finishes, exquisite marble details, five fireplaces, hand-painted ceiling frescoes, and a one-of-a-kind imported tile roof. Florentine quatrefoil windows, Juliette balconies, wrought-iron railings, copper rain gutters, and hand-carved marble corbels enhance the home's architectural character. The floor plan includes four bedrooms, with three guest suites on the main level and a private third-floor primary retreat featuring two fireplaces, an office, tea room, sitting room, custom walk-in closet, private laundry room, spa-inspired bath, and balconies overlooking the living spaces below. The chef's kitchen is appointed with Viking, Miele, U-Line, and Sub-Zero appliances, a walk-in pantry, and dedicated prep kitchen. A pass-through window connects to the outdoor kitchen with a Viking grill, refrigeration, ice maker, bar seating, and covered dining overlooking the pool, beach, and bay. Additional spaces include a formal dining room with a hand-painted ceiling fresco, wellness room, sauna, private theater with wet bar, and a billiards lounge with mahogany coffered ceilings and coconut wood flooring. Outside, an infinity-edge pool, sunken gazebo with swim-up seating, putting green, fountains, and tropical landscaping. Deep-water dockage, white-sand beach, and crystal-clear waters provide immediate access to world-renowned fishing, diving, snorkeling, and boating. Additional features include an air-conditioned boat room, skiff ramp, 4,000+ SF collector's garage, elevator servicing all 3 levels, Control4 smart home integration, Sonos, and secure walled & gated grounds.
Details
MLS #
620394
Listing Type
For Sale
Style
House
Sub-Type
Resale
Status
Active
Year
2011
Days On Site
68
Listing Provided By
Ocean Sotheby's International Realty | Leslie Leopold
Features
Bed(s)
4
Bath(s)
6 Total
SQ Feet
8,194
Pool
Yes
Zoning
R1 - Residential Single Family
Acreage
1.00
Water Front
Yes
Property View
Ocean, Bay
Taxes
Property
76981
Area Information
State
FL
County
Monroe
City
ISLAMORADA
Zip Code
33036
Area
22 Lower Matecumbe
Community Name
Matecumbe Ocean Bay (75.0)
Listing VS Median (in Matecumbe Ocean Bay (75.0))
Price: $29,000,000
low | high
Med: $16,500,000
93.10345% of Average
sqft: 8,194
low | high
Med: 4,561
94.337319990237% of Average
$ / sqft: $3,539
low | high
Med: $3,925
39.105247090517% of Average
On site: 68
low | high
Med: 119.5
56.903765690377% of Average
Sourced by Back At You
Market Activity 33036
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Jul 2026
Sales: 2
Avg $ Per SqFt: $1098.38
Min Sale Price: $500,000
Max Sale Price: $2,500,000
Med Sale Price: $1,500,000
Date: Jun 2026
Sales: 6
Avg $ Per SqFt: $854.69
Min Sale Price: $56,400
Max Sale Price: $3,200,000
Med Sale Price: $1,385,000
Date: May 2026
Sales: 6
Avg $ Per SqFt: $1082.57
Min Sale Price: $400,000
Max Sale Price: $7,600,000
Med Sale Price: $1,287,500
Date: Apr 2026
Sales: 6
Avg $ Per SqFt: $819.92
Min Sale Price: $395,000
Max Sale Price: $3,510,000
Med Sale Price: $1,530,000
Date: Mar 2026
Sales: 6
Avg $ Per SqFt: $1122.09
Min Sale Price: $350,000
Max Sale Price: $6,500,000
Med Sale Price: $2,105,000
Date: Feb 2026
Sales: 7
Avg $ Per SqFt: $812.8
Min Sale Price: $280,000
Max Sale Price: $2,350,000
Med Sale Price: $975,000
Date: Jan 2026
Sales: 12
Avg $ Per SqFt: $464.97
Min Sale Price: $3,000
Max Sale Price: $2,200,000
Med Sale Price: $597,500
Date: Dec 2025
Sales: 15
Avg $ Per SqFt: $875.64
Min Sale Price: $102,000
Max Sale Price: $11,500,000
Med Sale Price: $834,000
Date: Nov 2025
Sales: 8
Avg $ Per SqFt: $1071.75
Min Sale Price: $350,000
Max Sale Price: $5,400,000
Med Sale Price: $2,175,000
Date: Oct 2025
Sales: 4
Avg $ Per SqFt: $765.71
Min Sale Price: $396,000
Max Sale Price: $3,750,000
Med Sale Price: $1,645,500
Date: Sep 2025
Sales: 4
Avg $ Per SqFt: $587.87
Min Sale Price: $380,000
Max Sale Price: $1,125,000
Med Sale Price: $817,500
Date: Aug 2025
Sales: 6
Avg $ Per SqFt: $965.9
Min Sale Price: $1,450,000
Max Sale Price: $2,475,000
Med Sale Price: $1,725,000
Sourced by Back At You
Jul 2026
Sales:
2
Avg $ Per SqFt:
$1098.38
Min Sale Price:
$500,000
Max Sale Price:
$2,500,000
Med Sale Price:
$1,500,000
Jun 2026
Sales:
6
Avg $ Per SqFt:
$854.69
Min Sale Price:
$56,400
Max Sale Price:
$3,200,000
Med Sale Price:
$1,385,000
May 2026
Sales:
6
Avg $ Per SqFt:
$1082.57
Min Sale Price:
$400,000
Max Sale Price:
$7,600,000
Med Sale Price:
$1,287,500
Apr 2026
Sales:
6
Avg $ Per SqFt:
$819.92
Min Sale Price:
$395,000
Max Sale Price:
$3,510,000
Med Sale Price:
$1,530,000
Mar 2026
Sales:
6
Avg $ Per SqFt:
$1122.09
Min Sale Price:
$350,000
Max Sale Price:
$6,500,000
Med Sale Price:
$2,105,000
Feb 2026
Sales:
7
Avg $ Per SqFt:
$812.8
Min Sale Price:
$280,000
Max Sale Price:
$2,350,000
Med Sale Price:
$975,000
Jan 2026
Sales:
12
Avg $ Per SqFt:
$464.97
Min Sale Price:
$3,000
Max Sale Price:
$2,200,000
Med Sale Price:
$597,500
Dec 2025
Sales:
15
Avg $ Per SqFt:
$875.64
Min Sale Price:
$102,000
Max Sale Price:
$11,500,000
Med Sale Price:
$834,000
Nov 2025
Sales:
8
Avg $ Per SqFt:
$1071.75
Min Sale Price:
$350,000
Max Sale Price:
$5,400,000
Med Sale Price:
$2,175,000
Oct 2025
Sales:
4
Avg $ Per SqFt:
$765.71
Min Sale Price:
$396,000
Max Sale Price:
$3,750,000
Med Sale Price:
$1,645,500
Sep 2025
Sales:
4
Avg $ Per SqFt:
$587.87
Min Sale Price:
$380,000
Max Sale Price:
$1,125,000
Med Sale Price:
$817,500
Aug 2025
Sales:
6
Avg $ Per SqFt:
$965.9
Min Sale Price:
$1,450,000
Max Sale Price:
$2,475,000
Med Sale Price:
$1,725,000
MLS Number: 620394
Leslie Leopold – (305) 942-0215 – lleopold@oceansir.com
Ocean Sotheby's International Realty – (305) 712-8888 – russell.post@sothebysrealty.com
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The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
MLS Number: 620394
Leslie Leopold – (305) 942-0215 – lleopold@oceansir.com
Ocean Sotheby's International Realty – (305) 712-8888 – russell.post@sothebysrealty.com