305-609-4190
316 N Dr, Islamorada FL 33036
Active Single Family Residence Waterfront

316 N Dr, Islamorada FL 33036

Islamorada, FL, 33036

$2,400,000

Est. $12,136/mo (20% down)

3
Beds
3.5
Baths
Sq Ft
1989
Year Built
Lot Sq Ft
Garage

Photo Gallery (54 photos)

About This Property

Simply the best location, exclusive & extremely private. It's tucked away in the prestigious "Plantation Lake Estates," a highly sought-after gated community with an on-site boat ramp and park. This Coastal-Styled Beach Home is in a prime location at Mile Marker 87, across the street from Founders Park, which has a beach, tennis courts, a full-service marina, a dog park, sports fields, and Olympic-size lap pools. This home boasts a stunning great room with a gorgeous coral fireplace and soaring wood beam ceilings. They all overlook the glistening Atlantic Ocean, providing priceless views and sunrises. The home has a modern kitchen and updated baths, as well as impact windows and doors. The exterior has been reinforced with rebar and stucco. There are three inviting bedrooms, including a third-floor primary en-suite with a private porch.

Property Details

MLS #

A12076505

Status

Active

Property Type

Residential

Sub Type

Single Family Residence

Year Built

1989

Pool

No

Waterfront

Yes

HOA Fee

$625/mo

Est. Insurance

$800/mo

Tax Year

2025

Tax Amount

$21,591

Garage

Lot Size

MLS Area

Plantation Lake Estates

Subdivision

Plantation Lake Estates

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Flood Zone & Insurance

Flood zone data not available for this listing. Check FEMA directly

Investment Analysis

$16,800
Est. Monthly Rent
-0.5%
Cap Rate
-2.5%
Cash-on-Cash
$-11,810
Net Operating Income

ROI Projections (4% Annual Appreciation)

96%
5-Year ROI
Value: $2,919,967
216%
10-Year ROI
Value: $3,552,586
364%
15-Year ROI
Value: $4,322,264

Estimates based on area averages. Actual returns may vary. Consult a financial advisor.

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