305-609-4190
81801 Old Hwy # 754, Islamorada FL 33036
Active Condominium Waterfront

81801 Old Hwy # 754, Islamorada FL 33036

Islamorada, FL, 33036

$649,000

Est. $3,282/mo (20% down)

1
Beds
1
Baths
550
Sq Ft
1988
Year Built
Lot Sq Ft
1
Garage

Photo Gallery (47 photos)

About This Property

Crystal-clear turquoise waters, swaying palms, and gentle ocean breezes create the perfect Florida Keys escape. The historic Cheeca Lodge is located in the heart of Islamorada, which is recognized as ''The Sport Fishing Capital of the World''. Islamorada is renowned for fine dining, water sports, The Art District, galleries, shopping and breweries. The resort encompasses 27 acres with 1,200' of beach frontage and a 525' fishing pier. This beautiful one-bedroom King suite, with additional sleeper sofa in the living room and private screened balcony, overlooks the garden and waterfall. This is a luxury, income-producing property. Nightly rentals are allowed, with onsite management, an owner's closet, and owner's use of up to 28 days. The resort offers a 24-hour shuttle, valet parking, concierge service, 5-star fine dining, ballroom, conference room, a spa, fitness center, beach, pools, dock, tiki bars, 9-hole par 3 golf course, Pickle Ball courts, lighted tennis courts, lush gardens, bike path, fishing, diving, snorkeling, water sports and Camp Cheeca for children.

Property Details

MLS #

A12056036

Status

Active

Property Type

Residential

Sub Type

Condominium

Year Built

1988

Days on Market

5

Stories

2

Pool

No

Waterfront

Yes

Price / Sq Ft

$1,180

HOA Fee

$1,566/mo

Est. Insurance

$216/mo

Tax Year

2025

Tax Amount

$4,431

Garage

1 Car

Lot Size

MLS Area

Strattons

Subdivision

Strattons

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Flood Zone & Insurance

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

Investment Analysis

$4,543
Est. Monthly Rent
-5.2%
Cap Rate
-26.1%
Cash-on-Cash
$-33,906
Net Operating Income

ROI Projections (4% Annual Appreciation)

-22%
5-Year ROI
Value: $789,608
-21%
10-Year ROI
Value: $960,679
9%
15-Year ROI
Value: $1,168,812

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

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