$2,275,000
Key Largo, FL 33037
MLS# 614673
Status: Closed
4 beds | 2 baths | 1716 sqft

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Property Description
Your Investment Paradise or Forever Dream Home Awaits! This extraordinary, income-producing oceanfront property that offers a rare opportunity to enjoy your very own vacation retreat while generating rental income when you're not using it. Located on a commercially zoned lot, this unique two-story solid concrete residence features four bedrooms and two bathrooms, thoughtfully renovated for modern living. Each level is independent, with two bedrooms and one bathroom per floor—perfect for flexible living or renting arrangements. Importantly, this zoning allows for LEGAL short-term rentals, making it an ideal investment opportunity. With new impact windows, doors, and a poured concrete roof, you'll enjoy both safety and peace of mind. Situated in a prime oceanfront location, the property boasts direct ocean access, over 100 feet of dock space, and bay bottom ownership—making it a boater's dream come true. Its spacious indoor and outdoor living areas offer stunning views, while being within walking distance to a popular local restaurant adds convenience and charm. Just one hour from Miami, this home is truly an exceptional find for those seeking lifestyle and investment potential in equal measure. Don't miss the chance to make this dream property yours!
Details
Maps
Contract Information
Current Price: $2,275,000
Listing Date: 2025-04-17
Listing Board: Florida Keys
Leased Price Monthly: $2,275,000
Location, Tax & Legal
Street #: 127
Street Name: Seaside
Street Suffix: Avenue
Key/Island: Key Largo
State/Province: FL
Zip Code: 33037
County: Monroe
Subdivision: Seaside Sub (94.5)
Area: 26 - Key Largo S of MM 96.9
General Property Description
Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: Yes
Control Depth: 6
Pool: No
Year Built: 1962
Total Units: 2
Lot Size: 50' x 425' including 0.2 AC of ocean bottom
Lot SqFt: 21250
Lot Sqft Source: Property Data Card
Acres: 0.5
Living Apx SqFt: 1716
SqFt Source: Property Data Card
Total Bedrooms: 4
Full Baths: 2
Total Baths: 2
Rentals Allowed: Yes
Min Rental Days: 1
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: Yes
License Info
Transient Rntl Licns: Yes
Dockage
Dock: Concrete
Building Style
Above Flood: Unknown
Status Change Info
Under Contract Date: 2025-04-19
Leased Date: 2025-05-19
Leased Price Monthly: $2,275,000
Status: Closed
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: Oceanfront
Waterview: Open Water View
Property Condition: Updated/Remodeled
Building Style: Split Level
Vehicle Storage: Off Street Parking; Open Parking
Furnished: Negotiable
Cooling: Central Air
Heating: Central
Utilities: FKAA; Municipal Sewer
Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Washer
Construction: CBS; Concrete
Floor: Tile
Roof: Concrete Roof
Pets: Pets Allowed
Land Size: 1/4 - 1/2 Acre
Terms: Cash; Conventional
Listing Office: Real Estate Sales Force, Inc.
Last Updated: May - 20 - 2025
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.