1101 Mastic Street, Islamorada, FL 33036 — MLS photo

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1101 Mastic Street, Islamorada, FL 33036

Active · SingleFamilyResidence

$5,999,000

1101 Mastic Street, Islamorada, FL 33036

Beds
8
Baths
6
Living area
3,649 sq ft
$ / sq ft
$1,644/sq ft
Year built
1984
Lot size
—
HOA fee
—
Annual tax
$16,657

About this property

Spectacular Bayfront Estate with Guesthouse in the Heart of Islamorada. & 7 Day Rental Potential, Seller Financing Available. Experience luxury coastal living at its finest in this exceptional Gated bayfront estate, ideally situated in the heart of Islamorada. Set on a rare peninsula with over 225 feet of prime waterfront, this property offers unmatched privacy, panoramic views, and direct access to both the Florida Bay and Atlantic Ocean. Seller will consider all reasonable offers. The main residence features 7 spacious bedrooms and 5 beautifully appointed bathrooms designed with both elegance and comfort in mind--perfect for entertaining or hosting large gatherings. A dramatic third-floor Bird's Nest Sky Lounge features 360-degree glass walls and a walkout rooftop deck, capturing breathtaking vistas in every direction. Expansive living areas and thoughtfully designed spaces capture stunning water views from every angle. A whole House Generator for peace of mind. A private 1-bedroom, 1-bathroom guesthouse provides the ideal retreat for visitors, accommodating extended family, or potential rental income or creating a secluded retreat. For boating enthusiasts, the estate includes an impressive 85+ foot deep-water yacht slip and four boat lifts, offering seamless access to both the Bay and Ocean--an unparalleled fishing advantage in the Florida Keys.

Property location

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1101 Mastic Street, Islamorada, FL 33036

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Facts & features

Interior

Bedrooms
8
Bathrooms
6
Living area
3,649 sq ft
Flooring
Tile
Appliances
Some Gas Appliances, Dryer, Dishwasher, Freezer, Disposal, Gas Range, Microwave, Refrigerator, Wine Cooler, Washer
Cooling
Central Air, Ceiling Fans, Wall Window Units, Zoned
Heating
Central
Interior features
Built In Features, Bedroom On Main Level, First Floor Entry, Fireplace, Kitchen Island, Other, Pantry, Upper Level Primary, Walk In Closets, Elevator, Workshop

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1984
Architectural style
Detached, Two Story
Roof
Concrete
Construction
CBSConcrete Block Structure, Block
Exterior features
Fence, Lighting, Porch, Patio, Shed, Security High Impact Doors, Storm Security Shutters
Pool
In Ground, Pool
Spa
Heated, In Ground
Waterfront
Bayfront, Ocean Access, Other, Riprap
View
Bay, Water

Parking

Garage spaces
0
Covered spaces
2
Parking features
Circular Driveway, Covered, Driveway, Golf Cart Garage, Guest, Other, Paver Block, Rv Access Parking

HOA, Community & Financials

Security
Smoke Detectors
Annual tax
$16,657
Subdivision
Strattons Subdivision Pb2-
County
Monroe
Days on market
177
MLS listing ID
A12009440
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

-$12,567

Cap rate
3.2%
Net yield
3.2%
Cash-on-cash return
-9.0%
Gross yield
4.6%
Mortgage payment
$28,438/mo
Down payment
$1,499,750
Loan amount
$4,499,250
Annual NOI
$190,452

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