251 Azalea St, Plantation Key, FL 33070 — MLS photo

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251 Azalea St, Plantation Key, FL 33070

Active · SingleFamilyResidence

$1,390,000

251 Azalea St, Plantation Key, FL 33070

Beds
2
Baths
2
Living area
1,279 sq ft
$ / sq ft
$1,087/sq ft
Year built
1960
Lot size
6,000 sq ft
HOA fee
—
Annual tax
—

About this property

Located on a tranquil canal-front setting in the desirable Plantation Key Colony, this impeccably updated, turnkey ground-level residence offers two bedrooms, two baths, 50 ft of coveted dockage, and boat slip with immediate bay access. Meticulously maintained and ready for carefree island living. The home's concrete, ground-level construction enhances both durability and ease of maintenance, while a fresh, clean aesthetic unfolds inside and out. Recent upgrades and improvements include brand new metal roof, impact windows and doors, new interior and exterior paint, new interior doors, energy efficient appliances, new sewer line, and re-thatched tiki hut. Updates to the attached pull through garage includes new door rollers, lock hardware, and upgraded flooring and wall finishes, all designed to keep the property in turnkey condition. This home is for those who embrace water-based recreation with easy bay and ocean access via Tavernier Creek, a boat slip with ramp through the garage, and new fish cleaning station with electric and water hookup. The voluntary homeowners association offers a bayfront HOA park with a new boat ramp, beach, and picnic area. With its ideal location and exceptional features, this canal home presents a unique opportunity to embrace the vibrant lifestyle of the Upper Keys.

Property location

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251 Azalea St, Plantation Key, FL 33070

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,279 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1960
Lot size
6,000 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Monroe
MLS listing ID
A12020648
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

-$4,088

Cap rate
2.2%
Net yield
2.2%
Cash-on-cash return
-12.6%
Gross yield
5.3%
Mortgage payment
$6,589/mo
Down payment
$347,500
Loan amount
$1,042,500
Annual NOI
$30,010

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