305-609-4190
88500 Overseas Hwy # 504, Plantation Key FL 33070
Active Condominium Waterfront

88500 Overseas Hwy # 504, Plantation Key FL 33070

Plantation Key, FL, 33070

$495,000

Est. $2,503/mo (20% down)

1
Beds
1
Baths
574
Sq Ft
1976
Year Built
Lot Sq Ft
Garage

Photo Gallery (34 photos)

About This Property

Enjoy breathtaking sunsets over the Bay! This turn-key one bedroom/one bath penthouse at Summer Sea Condo in the heart of Islamorada, offers amazing views from every window. Tastefully furnished and beautifully updated with marble floors throughout, granite countertops, freshly painted white cabinets and stainless-steel appliances including a double oven. Everything is included (fully furnished) and ready to start the fun! Available for a long-term rental or seasonal. Enjoy all the amenities offered including a gym, pool, game room, kayak/paddle board launch area, boat ramp, clubhouse and private beach area. Great location at MM 88.5 on the bayside, Walk to great restaurants and more. Laundry facilities onsite.

Property Details

MLS #

A12031574

Status

Active

Property Type

Residential

Sub Type

Condominium

Year Built

1976

Days on Market

3

Stories

5

Pool

No

Waterfront

Yes

Price / Sq Ft

$862

HOA Fee

$781/mo

Est. Insurance

$165/mo

Tax Year

2025

Tax Amount

$4,144

Garage

Lot Size

MLS Area

Summer Sea

Subdivision

SUMMER SEA

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Flood Zone & Insurance

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

Investment Analysis

$3,465
Est. Monthly Rent
-3.5%
Cap Rate
-17.6%
Cash-on-Cash
$-17,468
Net Operating Income

ROI Projections (4% Annual Appreciation)

20%
5-Year ROI
Value: $602,243
64%
10-Year ROI
Value: $732,721
136%
15-Year ROI
Value: $891,467

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

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