INDIAN WATERWAYS
Homes for Sale in Plantation Key, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Indian Waterways sits on Plantation Key in Monroe County, and its median price of $1,775,000 tells you immediately that this is not an entry-level Florida Keys market. That figure reflects what waterfront access and Keys geography command — not square footage. At a median of 1,576 finished square feet, buyers are paying for land, water exposure, and location, and they understand that going in.
The market posture is measured rather than hot. A market heat score of 42 and a median days-on-market of 43 signal that sellers cannot push above what the pool of qualified buyers will bear, and a year-over-year price shift of -0.8% confirms the market is essentially flat right now. That slight softness gives a prepared buyer real room to negotiate, while sellers need to price at the market, not ahead of it.
INDIAN WATERWAYS right now
🟡 Off the recent peak. The trailing-12-month median ($1.78M) is down 0.8% from the prior 12 months ($1.79M) and up 247% since 2012. With about a dozen sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level floridakeys closed sales, 12-month windows ending July 27. Confidence: Medium (12 and 10 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated July 27, 2026 · Live data: floridakeys, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
INDIAN WATERWAYS market snapshot (as of July 27, 2026): the median sale price is about $1.78M, and a median 43 days on market for closed sales. The trailing-12-month median is down 1% from the prior 12 months and up 247% since 2012, computed from record-level floridakeys closed sales (12 closings in the current window).
INDIAN WATERWAYS is a community of 341 homes in Plantation Key, Monroe County, built between 1958 and 2024 (median 1984.0), with a median living area of about 1,576 square feet. 48% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Indian Waterways is a 341-home community on Plantation Key whose stock spans construction from 1958 through 2024 — a range that produces genuine spread in condition and finished quality even at this price point. With just under half of homes carrying a homestead exemption, a meaningful share of the inventory is held as investment or second-home property, which shapes both seller motivation and how frequently homes come to market.
Who INDIAN WATERWAYS is best for.
Best for
- Buyers with the liquidity to purchase at or near the $1,775,000 median who are acquiring a primary Keys residence or a deliberate second home with a long hold intent.
- Investors or second-home buyers comfortable with the operational realities of Monroe County ownership — flood insurance, wind mitigation, and property management in a remote market.
- Buyers willing to acquire an older home at a condition-adjusted price and fund a disciplined renovation, extracting value from the spread between distressed and updated listings.
Probably not for
- Buyers whose maximum budget sits meaningfully below the median, where inventory in this community will be limited and competitive.
- Anyone expecting a fast, frictionless transaction — a 43-day median DOM and complex Monroe County due diligence require patience and a prepared team.
- Buyers who want a newer, low-maintenance home without renovation exposure and are not prepared to pay a significant premium over the community median for that certainty.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 27 of each year, from record-level floridakeys closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($1.78M) IS the median in the snapshot above, and the move from 2025 ($1.79M) IS the -0.8% one-year change.
Windows contain 8 to 17 sales each (12 in the current window); every figure carries its sample size, and thin markets swing on single closings. Listing data provided by Florida Keys MLS, Inc. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
The INDIAN WATERWAYS buying strategy.
If we were buying in INDIAN WATERWAYS today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in INDIAN WATERWAYS.
Price, Inventory, and the Long View
The housing stock here skews toward a median build year of 1984, meaning most homes were constructed well before current Monroe County building codes tightened around wind and flood standards. Buyers should budget deliberately for inspection findings — roof age, impact-glass compliance, seawall condition, and mechanical systems all carry outsized replacement costs in the Keys. Homes built closer to 2024 exist in the community and will carry a premium for that reason, but the median buyer is acquiring something older that likely needs a clear-eyed renovation plan.
The long-range price trajectory — up roughly 247% since 2012 — reflects what sustained demand for finite Keys inventory does over time. That history does not guarantee any future outcome, but it does explain why sellers hold firm and why even a flat near-term market rarely produces distressed pricing here. Buyers entering at today's median should expect a competitive process on well-priced, move-in-ready listings and more patience required on properties that need work.
The location and the amenities are priced into every listing in INDIAN WATERWAYS. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in INDIAN WATERWAYS buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 4 factors (6.0). Basis: Long-Term Appreciation +247% since 2012; Recent Direction -0.8% year-over-year; Owner Commitment 48% owner-occupied; Pricing Power 90.2% sale-to-list. Refreshed with each data update.
Why work with Momentum here
Monroe County transactions carry layers that most Northeast Florida buyers have not encountered: special flood zone classifications, Keys-specific permit histories, and a resale market where the gap between an accurately priced home and an aspirationally priced one can be wide. Momentum brings the analytical discipline to read what a 43-day average market and a flat price trend actually mean for your negotiating position — and the candor to tell you when a specific listing's condition risk does not justify its ask.
INDIAN WATERWAYS in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a INDIAN WATERWAYS buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed INDIAN WATERWAYS sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in INDIAN WATERWAYS, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your INDIAN WATERWAYS home worth?
Get a no-obligation home value based on real comparable sales in INDIAN WATERWAYS, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See homes for sale in INDIAN WATERWAYS on the map →
Frequently Asked Questions
What is the median home price in INDIAN WATERWAYS?
How long do homes in INDIAN WATERWAYS take to sell?
How many homes are in INDIAN WATERWAYS?
What share of INDIAN WATERWAYS is owner-occupied?
When were the homes in INDIAN WATERWAYS built?
Do cash buyers compete in INDIAN WATERWAYS?
Have INDIAN WATERWAYS home prices gone up?
Who is the best real estate agent for INDIAN WATERWAYS?
How do I find a top Plantation Key real estate agent who knows INDIAN WATERWAYS?
Can Momentum Realty connect me with an agent for INDIAN WATERWAYS?
Should you buy in INDIAN WATERWAYS?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | floridakeys closed sales, 12-month windows ending July 27, 2026 |
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (9 streets, ZIP 33036/33070)) |
| Historical depth | Closed-sale records back to 2008 (206 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of floridakeys records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the floridakeys member average and 8 days faster, and we’ll price yours against live your area comps.
Looking to buy here? Search homes for sale →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
More Plantation Key & The Florida Keys & Monroe County guides
Compare before you commit - every guide covers pricing, HOA/CDD, insurance posture, and fit. Browse all of The Florida Keys & Monroe County or the full Neighborhood Finder.