Updated Ground-Level End
40 High Point Road Unit G101 Plantation Key, FL 33070
40 High Point Road Unit G101, Plantation Key, FL, 33070
$240,000
For Sale
$240,000
Updated one-bedroom, one-bath ground-level end unit with assigned and guest parking, plus community pool and clubhouse.
Property Size895 SF
Price / SF$268.16
Days on Market84
Property Features for 40 High Point Road Unit G101
General Information
- Standard status
- Active
- Size
- 895 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1974
Listing agency
Compass Florida LLC
(561) 714-8184
Listed by
STEVEN CONLEY, LLC · License #3232648
Source
Xome
Added: Apr 29 Updated: Jul 21 at 12:37AM Checked: Jul 21 at 3:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Florida LLC
Investment Insights
Based on property information with market context.
This updated ground-level end unit features one bedroom and one bathroom, positioned in the quiet back corner of Plantation Villas. Updates completed within the past year include a new kitchen with all-new appliances, quartz stone countertops, under-cabinet LED lighting, and LED ceiling lights. The bathroom includes a tile shower and a built-in Bluetooth music speaker. App-controlled comfort upgrades include a thermostat and smoke detector for monitoring while away from home.
Plantation Villas provides assigned parking as well as guest parking, along with a community pool and clubhouse. The HOA dues include building insurance. The property is located within the Village of Islamorada, providing owner access to the benefits of Founders Park, which includes a sandy beach, swimming pools, tennis, pickleball, walking paths, sports fields, and daily fun activities.
Note: Building G has recently been renamed Building #2, and the unit is now identified as #210.
Plantation Villas provides assigned parking as well as guest parking, along with a community pool and clubhouse. The HOA dues include building insurance. The property is located within the Village of Islamorada, providing owner access to the benefits of Founders Park, which includes a sandy beach, swimming pools, tennis, pickleball, walking paths, sports fields, and daily fun activities.
Note: Building G has recently been renamed Building #2, and the unit is now identified as #210.
Key Highlights
- Updated one‑bedroom, one‑bath ground‑level end unit in Plantation Villas (Building G renamed to Building #2; unit to #210).
- New kitchen with all new appliances, Quartz countertops, and under‑cabinet LED lighting, plus LED ceiling lights.
- Bathroom features a tile shower and a built‑in Bluetooth music speaker.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.1k | $30.24 |
| − Vacancy | −$1.8k | −$2.03 |
| EGI | $25.3k | $28.21 |
| − OpEx | −$11.4k | −$12.70 |
| NOI | $13.9k | $15.52 |
895 SF · lease $30.24/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$198.4K
$173.6K – $231.5K
NOI $13,888 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$360.0K
$315.0K – $420.0K
NOI $25,200 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Plantation Villa Condominium
Condominium Complex
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Updated one-bedroom, one-bath ground-level end unit with assigned and guest parking, plus community pool and clubhouse.
Where is this residential income property located?
The property is located at 40 High Point Road Unit G101 Plantation Key, FL.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Updated one‑bedroom, one‑bath ground‑level end unit in Plantation Villas (Building G renamed to Building #2; unit to #210).; New kitchen with all new appliances, Quartz countertops, and under‑cabinet LED lighting, plus LED ceiling lights.; Bathroom features a tile shower and a built‑in Bluetooth music speaker.
