Plantation Lake Estates Homes for Sale

Plantation Lake Estates is a residential community in Islamorada, Florida.

Pure Equity Realty covers Plantation Lake Estates and the Islamorada area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 2 Plantation Lake Estates Islamorada homes for sale as of October 2026. The median asking price is $2.38M. Asking prices run from $2.35M to $2.4M.

That is 17% below the Islamorada median of $2.85M. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 202 days on the market. That is slower than the Islamorada average of 140 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Plantation Lake Estates date from 1989, so they are about 37 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Here is what the median Plantation Lake Estates price means in Florida closing terms. At $2.38M, a 20% down payment comes to about $475,000, leaving a loan near $1.9M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $6,650. Next, the intangible tax of 0.2% adds about $3,800. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Plantation Lake Estates median, that is about $16,625.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Plantation Lake Estates listings show assignments to Plantation Key (elementary), Plantation Key (middle) and Coral Shores (high). However, boundaries can change each year, so confirm the assignment for a specific address with the county school district.