124 Orchid St, Plantation Key, FL 33070 — MLS photo

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124 Orchid St, Plantation Key, FL 33070

Active · SingleFamilyResidence

$2,849,000

124 Orchid St, Plantation Key, FL 33070

Beds
4
Baths
5
Living area
2,938 sq ft
$ / sq ft
$970/sq ft
Year built
2024
Lot size
6,000 sq ft
HOA fee
—
Annual tax
$17,794

About this property

Brand-new contemporary waterfront home in premier Plantation Key with 60 ft of protected deep-water dockage and seawall, offering direct canal access to Tavernier Creek, the Atlantic Ocean, and Florida Bay. Ground level features an open-air two-car garage and spacious covered area. First living level offers a large recreation room opening to the poolside patio with full cabana bath, perfect for entertaining and relaxed island living. Second level boasts a bright open-concept living and dining area and a gourmet chef’s kitchen with Italian cabinetry, premium finishes, and adjacent laundry room with sink and built-ins, all flowing to a covered waterfront terrace for seamless indoor-outdoor living. Third level showcases a luxurious primary suite with walk-in closet, spa-style bath with two-person shower, and private balcony overlooking the water, plus three guest bedrooms and a well-appointed guest bath. Outdoor amenities include a pool, covered terrace, and professional outdoor kitchen for year-round enjoyment. Ideally located in the Upper Florida Keys, close proximity to restaurants, a short boat ride to Tavernier Creek Marina for fuel, ice, and snacks, and minutes to boutiques, breweries, and 5-star dining in Islamorada—a rare blend of modern luxury and the ultimate Florida Keys waterfront lifestyle. SELLER WILL ENTERTAIN DESIRED REVISIONS OR OFFER CREDIT FOR UPGRADES.

Property location

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124 Orchid St, Plantation Key, FL 33070

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Facts & features

Interior

Bedrooms
4
Bathrooms
5
Living area
2,938 sq ft
Flooring
Porcelain Tile, Tile
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Wine Cooler, Washer
Cooling
Central Air
Heating
Central
Interior features
Second Floor Entry, First Floor Entry, Other

Exterior & Structure

Property type
SingleFamilyResidence
Year built
2024
Lot size
6,000 sq ft
Architectural style
Contemporary Modern, Detached, Tri Level
Roof
Concrete
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Security High Impact Doors, Outdoor Grill, Porch, Patio
Pool
In Ground, Pool
Waterfront
Canal Access, Canal Front
View
Canal

Parking

Garage spaces
2
Covered spaces
4
Parking features
Attached Carport, Attached, Covered, Driveway, Garage

HOA, Community & Financials

Pets allowed
No, Yes
Annual tax
$17,794
Subdivision
PLANTATION TROPICAL PARK
County
Monroe
Days on market
258
MLS listing ID
A11959736
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$4,840

Cap rate
3.7%
Net yield
3.7%
Cash-on-cash return
-7.3%
Gross yield
5.5%
Mortgage payment
$13,506/mo
Down payment
$712,250
Loan amount
$2,136,750
Annual NOI
$103,991

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.