Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    500 Burton Dr Tavernier, FL 33070

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $500,000

    Luxury oceanfront condo with rental potential in Ocean Pointe.

    Property Features for 500 Burton Dr

    General Information

    Property type
    Commercial
    Standard status
    Active

    Building Details

    Year built
    1991

    We can help!

    Listing Contact
    Christopher Trumbach
    Source: Elliman

    Listing Agent: Christopher Trumbach

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Oceanfront Condo in Tavernier

    This modern, oceanfront condo offers a rare opportunity in the Ocean Pointe community. Located in Building 4 on the 2nd floor, this 1-bedroom, 1-bath unit features a private balcony with ocean and mangrove views. The property has a strong rental history and allows for nightly rentals, presenting an investment opportunity. It is offered fully furnished and turn-key. Ocean Pointe is a gated, resort-style community with amenities including a heated oceanfront pool, marina with boat ramp and dockage, private beach area, tennis courts, and a clubhouse with lounge and restaurant. Situated in Tavernier, between Key Largo and Islamorada, the property is near dining, shopping, fishing, and diving opportunities in the Upper Keys. This property is suitable for short term rentals, multifamily use, and as a residential income property.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tavernier
    County
    Monroe
    State
    Florida
    Longitude
    -80.5037254
    Latitude
    25.0190645

    Nearby Similar for Sale

    • $5,950,000

      Turn-Key Tavernier Mixed-Use Investment

      Renovated mixed-use property with immediate revenue and long-term leases.
      91865 Overseas Hwy, Tavernier, FL 33070
      View Details
    • $149,000
      1,948 SF

      Established Dry Cleaner Business For Sale

      Turn-key dry cleaning business opportunity in the Florida Keys.
      89015 Overseas Hwy, Tavernier, FL 33070
      View Details
    • $1,499,000

      Tavernier Business Center For Sale

      Commercial property with US-1 frontage in Tavernier's business district.
      91760 Overseas Hwy, Tavernier, FL 33070
      View Details
    • $2,400,000
      1,796 SF

      Dairy Queen Restaurant, Tavernier, FL

      High-Cap Rate QSR, Prime Location
      92661 Overseas Hwy, Tavernier, FL 33070
      View Details
    • $8,900,000

      Tavernier Waterfront Investment Opportunity

      Landmark Restaurant & Marina, Prime Location
      90311 Old Hwy, Tavernier, FL 33070
      View Details
    • $2,500,000

      Tavernier Impact Windows Business

      Profitable, Established Window & Door Company
      Impact Windows & Doors Business For Sale, Tavernier, FL 33070
      View Details
    • $2,995,000

      Tavernier Commercial Building - US1 Frontage

      High-traffic location, six-unit building, 6214 sq ft.
      92295 Old State Rd, Tavernier, FL 33070
      View Details

    FAQs

    What type of property is this?
    Short term rental property - Luxury oceanfront condo with rental potential in Ocean Pointe.
    Where is this short term rental property located?
    The property is located at 500 Burton Dr Tavernier, FL.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Oceanfront 1-bedroom condo in the desirable Ocean Pointe community.; - Strong rental history with nightly rental potential, offering immediate income opportunities.; - Turn-key and **fully furnished, ready for immediate use or rental.**
    (754) 245-3942
    Request Owner's contact information
    500 Burton Dr Tavernier, FL 33070
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    500 Burton Dr
    Tavernier, FL 33070
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 Burton Dr Tavernier, FL 33070
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Christopher Trumbach
    (754) 245-3942 (754) 246-2070
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!