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Islamorada, Village of Islands 33036
140 Severino Drive
$2,600,000
● House - Off Market

140 Severino Drive

Islamorada, FL 33036
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,512 Ft²
$15,555
Est. Monthly
$16
HOA / Fees
0.27%
Cap Rate

About This Property

Welcome to your dream oasis in the prestigious Venetian Shores! This stunning 2-bedroom, 2-bath home offers breathtaking views of Snake Creek and a tranquil atmosphere perfect for relaxation. Step outside to enjoy your own private paradise, featuring a sparkling pool and a hot tub with serene water views. The property also includes convenient dockage, providing easy access to your boat for endless adventures on the water. Inside, the bright and airy layout is complemented by a den currently utilized as a third bedroom, offering versatility to suit your lifestyle. Built in 1987 with solid concrete construction, this home is move-in ready and waiting for your personal touches. Don't miss this incredible opportunity-homes like this don't last long! Schedule your private showing today!
Unit Size
1,512 Ft²
Days on Market
63 days
Land Size
0.23 acres
Price per sqft
$1,885
Property Type
House
Property Taxes
$1,545
HOA Dues
$16
Year Built
1987

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (SWFLMLS #224078457)

Price History

Date / Event Date Event Price
Nov 26, 2024 Sold
Premium
Sold
Nov 14, 2024 In contract -
In contract
Sep 24, 2024 Listed by Realty Executives of SWFL $2,850,000
Listed by Realty Executives of SWFL
Sep 8, 2021 Sold
Premium
Sold
Oct 22, 2015 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 2017
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 4
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 6
  • Roof Shape Type: 7
  • Roof Cover Type: 18
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 2
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 18
  • Garage Square Area: 1,186
  • Parking Space Count: 2
  • Patio Type: 11
  • Porch Type: 35
  • Pool Type: 8
  • Location Influence Type: 27

    Dimensions

  • Lot Size Square Feet: 10,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,800
  • Gross Building Area: 1,800
  • Building Area: 1,800
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,800
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VENETIAN SHORES NO 3
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: BK 29 LT 11 VENETIAN SHORES PLAT NO 3 PLANTATION KEY PB5-48 OR707-719/721 OR765-627 OR843-1175 OR969-2224 OR1888-1262D/C OR1888-1264/65 OR2422-1237 OR2766-94 OR3124-0918

Neighborhood

  • School District Name: Monroe County School District
  • Census Tract: 970800

Zoning

  • Zoning: IS

Geography

  • Assessors Map Reference: 20-14
  • Account Number: 1501760
  • Parcel: 00409980-000000
  • Block: 29
  • Lot: 11
  • Meridian: SEC 14 TWN 63S RNG 37E
  • Municipality: ISLAMORADA VILLAGE OF ISLANDS
  • Latitude: 24.9608
  • Longitude: -80.5903

    Address

  • Full Address: 140 Severino Dr
  • Address - House Number: 140
  • Address - Street Name: Severino
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Islamorada
  • Carrier Code: R002
  • 4-Digit Zip Code: 3310
  • Zip Code: 33036

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,637,569
  • Tax Rate Code Area: 50VI

    Appraisal Valuation

  • Standard Deviation: 0.2516
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 64
  • Final Value: 2,481,589
  • High Value: 3,106,179
  • Low Value: 1,857,000

    Market Valuation

  • Market Total Value: $2,116,072
  • Market Land Value: $1,600,000
  • Market Improvement Value: $516,072

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,116,072
  • Assessed Land Value: $1,600,000
  • Assessed Improvements Value: $516,072

    Sales

  • Current Sale Contract Date: Sep 07, 2021
  • Current Sale Recording Date: Sep 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2338557
  • Previous Sale Recording Date: Oct 22, 2015
  • Previous Sale Contract Date: Oct 14, 2015
  • Previous Sale Amount: $130,000
  • Previous Sale Document Type: 40
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Islamorada, Village of Islands

Stats & Trends

Median Asking:

$1,249,500

Sale Price/ft²

$753

Below Asking

0.03%

Average Days on Market

83

Average Home Size

2600 ft²

Average Home Age

35.7 years

Currently For Sale

59 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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SWFLMLS

Listed by: Kelly Barnes, Realty Executives of SWFL
Last Updated: 2 years ago
Data Source: SWFLMLS, MLS# 224078457
The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2026 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 140 Severino Drive built and last sold?
The property at 140 Severino Drive was built in 1987 and last sold on Sep 7, 2021 for $1,900,000.
How much is this home worth?
The estimated value of the home located at 140 Severino Drive is $0.
What are some comparable homes to 140 Severino Drive?
There are currently no comparable homes to 140 Severino Drive.
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