40 High Point Rd 402, Islamorada, FL 33070 — MLS photo

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40 High Point Rd 402, Islamorada, FL 33070

Active · Townhouse

$348,000

40 High Point Rd 402, Islamorada, FL 33070

Beds
2
Baths
2
Living area
1,156 sq ft
$ / sq ft
$301/sq ft
Year built
1974
Lot size
—
HOA fee
$881
Annual tax
—

About this property

Move-in ready townhouse located in the heart of Islamorada! This 2-bedroom, 1.5-bath home has been well maintained and features impact windows and doors, fresh interior paint, a metal roof in 2024, newer AC, upgraded electrical throughout and a washer and dryer in the unit. The galley kitchen provides ample cabinet space, induction stove top, dishwasher and pantry. Enjoy convenient access to the community pool right from your backdoor, and a designated parking spot directly in front of the unit. Plantation Villas is an ideal entry point into the Islamorada market--perfect as a primary residence or vacation getaway. Centrally located near schools, restaurants, shops, and grocery stores. Just a couple of miles south, Founders Park offers a wide range of amenities including an Olympic-size pool, tennis, pickleball, basketball courts, ball fields, a boat ramp, beach, and regular community events.

Property location

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40 High Point Rd 402, Islamorada, FL 33070

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,156 sq ft

Exterior & Structure

Property type
Townhouse
Year built
1974

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$881
County
Monroe
MLS listing ID
A12028575
Listing status
Active

Investment intelligence

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

Estimated monthly cash flow

-$550

Cap rate
3.8%
Net yield
3.8%
Cash-on-cash return
-6.8%
Gross yield
10.5%
Mortgage payment
$1,650/mo
Down payment
$87,000
Loan amount
$261,000
Annual NOI
$13,190

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