216 Newfound Blvd

This Big Pine Key property is well-suited for investors seeking a turnkey short-term rental with immediate guest appeal, featuring a pool, spa, and canal access for kayaking and paddle boarding. The home is currently operating as a successful vacation rental, supporting high-confidence income projections. Its open floor plan, updated finishes, and outdoor amenities enhance its rental competitiveness. The primary caveat is that the price point requires sustained strong rental performance to justify returns, and investors should confirm ongoing STR regulatory compliance and operational logistics.

Big Pine Key, FL is a well-established vacation rental market in the Florida Keys, attracting guests seeking water access and a relaxed island atmosphere. This property type—single-family home with pool and canal frontage—caters to families and groups seeking privacy and amenities. The market supports premium nightly rates, but performance is closely tied to seasonality and regulatory environment. Confidence in income projections is high due to the property's established rental history and strong amenity set.

The property's residential setting offers privacy and tranquility, with lush landscaping and fenced yard enhancing guest appeal. Canal frontage supports paddle sports but not boating, which may limit some guest segments. The area is likely to attract families and groups seeking a quiet Keys experience with easy access to outdoor activities. Conclusions about neighborhood-specific demand are moderate-confidence due to limited detailed location signals, but overall guest appeal is strong given the amenity mix.

At a list price of $875,000, underwriting projects a monthly expected income of $11,272 and cash flow of $4,076, with a projected cash-on-cash return of 27.9% under high-confidence assumptions (68% occupancy, $545 ADR, 25% expense ratio, 20% down, 6.4% interest). These figures are driven by the property's established STR performance and amenity package. Returns are highly sensitive to occupancy and nightly rate; investors should confirm that current rental demand and regulatory conditions are sustainable. Expense ratio assumes efficient management and may vary with operational complexity.