45
Map
Video Tour
$2,400,000
●
House -
For Sale
316 N Dr
Islamorada, FL 33036
3 Beds
3 Baths,
1
Half Bath
$13,636
Est. Monthly
$52
HOA / Fees
About This Property
Simply the best location, exclusive & extremely private. It's
tucked away in the prestigious "Plantation Lake Estates," a highly
sought-after gated community with an on-site boat ramp and park.
This Coastal-Styled Beach Home is in a prime location at Mile
Marker 87, across the street from Founders Park, which has a beach,
tennis courts, a full-service marina, a dog park, sports fields,
and Olympic-size lap pools. This home boasts a stunning great room
with a gorgeous coral fireplace and soaring wood beam ceilings.
They all overlook the glistening Atlantic Ocean, providing
priceless views and sunrises. The home has a modern kitchen and
updated baths, as well as impact windows and doors. The exterior
has been reinforced with rebar and stucco. There are three inviting
bedrooms, including a third-floor primary en-suite with a private
porch.
Unit Size
-
Days on Market
45 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$1,799
HOA Dues
$52
Year Built
1989
Listed By
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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: 28 days ago (Miami MLS #A12076505)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 24, 2026 | Listed by RE/MAX Advance Realty II | $2,400,000 | |
| Listed by RE/MAX Advance Realty II | |||
| Nov 19, 2025 | Price Decreased |
$2,750,000
↓ $50K
(1.8%) | |
| Price Decreased | |||
| Oct 15, 2025 | Price Decreased |
$2,800,000
↓ $100K
(3.5%) | |
| Price Decreased | |||
| Aug 20, 2025 | Listed | $2,900,000 | |
| Listed | |||
| | |||
|
Simply the best location, exclusive & extremely private. It's tucked away in the prestigious "Plantation Lake Estates," a highly sought-after gated community with an on-site boat ramp and park. This Coastal-Styled Beach Home is in a prime location at Mile Marker 87, across the street from Founders Park, which has a beach, tennis courts, a full-service marina, a dog park, sports fields, and Olympic-size lap pools. This home boasts a stunning great room with a gorgeous coral fireplace and soaring wood beam ceilings. They all overlook the glistening Atlantic Ocean, providing priceless views and sunrises. The home has a modern kitchen and updated baths, as well as impact windows and doors. There are three inviting bedrooms, including a third-floor primary en-suite with a private porch.
| |||
| Jun 14, 2022 | Sold | ||
| Sold | |||
Show More
Property Highlights
Parking Available
Air Conditioning
Fireplace
Parking Details
Parking Features: None
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Vaulted Ceiling(s), Walk-In Closet(s), First Floor Entry, French Doors, Recreation Room, Utility Room/Laundry
Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
Flooring Type: Other
Door Features: French Doors, High Impact Doors
Laundry Features: Utility Room/Laundry
Has Fireplace
Fireplace Features: Fireplace
Exterior Details
Security Features: Smoke Detector(s)
Architectural Style: Detached, Multi Level
Year Built: 1989
Waterfront Features: Ocean Access, Ocean Front
Building Name: Plantation Lake Estates
Building Area Units: Square Feet
Window Features: Blinds, Clear Impact Glass, Impact Glass
Construction Materials: Other
Lot Features: 1/4 To Less Than 1/2 Acre Lot
Lot Size Units: Square Feet
Water Source: Municipal Water
Financial Details
Tax Annual Amount: $21,591
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA Fee: $625
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Islamorada, Village of Islands
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Listed by: Anthony Askowitz
RE/MAX Advance Realty II
Last Updated: 28 days ago
Data Source: Miami MLS, MLS# A12076505
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
RE/MAX Advance Realty II
Last Updated: 28 days ago
Data Source: Miami MLS, MLS# A12076505
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017