237 Atlantic Boulevard, Key Largo, FL 33037
$2,100,000
Property Type:
Residential
Bedrooms:
7
Baths:
4
Square Footage:
3,164
Lot Size (sq. ft.):
9,375
Status:
Closed
Current Price:
$2,100,000
List Date:
5/01/2024
Last Modified:
4/01/2025
Description
INVESTORS! This waterfront multi-family tri-plex is located in the coveted boating enclave of Port Largo. This property presents a prime opportunity for astute investors seeking to capitalize on its versatile building rights or to leverage its existing rental income potential with long-term tenants.
The allure of this investment lies in its potential for future rental income optimization. With two, two-bedroom, one-bathroom units and one three-bedroom, two-bathroom unit, there exists ample room for income diversification. Each unit features an inviting open floor plan, complemented by screened-in porches that afford picturesque vistas of the water.
75 feet of deep-water concrete dockage further enhances its appeal to both investors and tenants alike. Whether one chooses to reside in one unit while leasing out the others or to capitalize on the rental market, the possibilities for maximizing returns are truly limitless in this prime investment offering. An exceptional investment opportunity awaits discerning investors.
More Information MLS# 609804
Contract Information
Listing Board: Florida Keys
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No
Current Price: $2,100,000
Listing Date: 2024-04-30
Sold Price: $2,100,000
Location, Tax & Legal
City: KEY LARGO
Off Shore Island: No
Mile Marker: 100
Marathon Neighborhood: N/A
Side: Ocean
Flood Zone: AE
Alternate Key #: 1553590
Handicap Access: No
Parcel #: 00453472-000500
Zoning: IS - Improved Subivision District
Deed Restrictions: Unknown
Legal: LT 237 PORT LARGO SECOND ADDITION KEY LARGO PB6-53 OR589-831 OR792-1075 OR792-1072 OR792-1074 OR798-2274 OR2534-844/45
Taxes: 10689.42
Tax Year: 2023
Pub Sewer HkUp: Yes
Street #: 237
Street Name: Atlantic
Street Suffix: Boulevard
Key/Island: Key Largo
State/Province: FL
Zip Code: 33037
County: Monroe
Subdivision: Port Largo (100.0)
Area: 27 - Key Largo MM 97-107
General Property Description
Realtor.COM Type: Residential - Single Family
Waterfront: Yes
Control Depth: 5
Lot SqFt: 9375
Pool: No
Lot Sqft Source: Tax Records
Total Units: 3
Acres: 0.22
SqFt Source: Tax Records
Rentals Allowed: Yes
Min Rental Days: 28
Style: Multi-Units
Year Built: 1980
Living Apx SqFt: 3164
Total Bedrooms: 7
Full Baths: 4
Total Baths: 4
Remarks & Misc
Remarks – Consumer: INVESTORS! This waterfront multi-family tri-plex is located in the coveted boating enclave of Port Largo. This property presents a prime opportunity for astute investors seeking to capitalize on its versatile building rights or to leverage its existing rental income potential with long-term tenants.
The allure of this investment lies in its potential for future rental income optimization. With two, two-bedroom, one-bathroom units and one three-bedroom, two-bathroom unit, there exists ample room for income diversification. Each unit features an inviting open floor plan, complemented by screened-in porches that afford picturesque vistas of the water.
75 feet of deep-water concrete dockage further enhances its appeal to both investors and tenants alike. Whether one chooses to reside in one unit while leasing out the others or to capitalize on the rental market, the possibilities for maximizing returns are truly limitless in this prime investment offering. An exceptional investment opportunity awaits discerning investors.
Directions: Turn onto Atlantic Avenue from US-1 and triplex is on your left.
Association Info
Mandatory Home Owners Asc: No
Voluntary Home Owners Asc: Yes
1st Right of Refusal: No
Assoc Approval Req: No
Association Fee $: 275
Assoc/Mnt Fee Per: Yearly
Fee Includes
Other: 1
Dockage
Dock Length: 75
Dock: Concrete
Seawall: Concrete
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Oven: 1
Refrigerator: 1
Stainless Steel Appliance(s): 1
Pets
Pets Allowed: 1
Cooling
Ceiling Fans(s): 1
Central Air: 1
Heating
Central: 1
Waterfront
Canal Front: 1
Waterview
Canal View: 1
Floor
Tile: 1
Neighborhood Feature
Community Boat Ramp: 1
Other Area Features: 1
Interior Features
Built-in Cabinets: 1
Granite Counter Top: 1
Smoke Alarms: 1
Split Bedroom: 1
Specialty Rooms
Utility Room: 1
Building Style
Above Flood: Unknown
Stories: 2 Stories
Windows/Doors
Single Hung Windows: 1
Sliding Glass Doors: 1
Vehicle Storage
Car(s): 4+
Covered Parking: 1
RV Parking Open: 1
Trailer Storage: 1
Security
No Security: 1
Construction
CBS: 1
Concrete: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Unfurnished: 1
Terms
No Seller Finance: 1
Utilities
Buyer to Verify: 1
Cable Available: 1
Community Swr Plant: 1
FKAA: 1
Municipal Sewer: 1
Sewer Available: 1
Porch/Balcony
Screened P/B: 1
Screened Patio: 1
Title
Title Ins - Buyer: 1
Exterior Features
Storage: 1
Pre-Wired
Cable: 1
Roof
Shingle Roof: 1
Financial Status
Auction: No
Bank Owned: No
Potential Short Sale: No
Accessibility Feat
None: 1
Shutters
Other: 1
Status Change Info
Sold Date: 2025-04-01
Sold Price: $2,100,000
Status: Closed
Property Features
Fee Includes: Other
Tax Exemptions: None
Waterfront: Canal Front
Waterview: Canal View
Vehicle Storage: Covered Parking; RV Parking Open; Trailer Storage
Furnished: Unfurnished
Cooling: Ceiling Fans(s); Central Air
Heating: Central
Utilities: Buyer to Verify; Cable Available; Community Swr Plant; FKAA; Municipal Sewer; Sewer Available
Interior Features: Built-in Cabinets; Granite Counter Top; Smoke Alarms; Split Bedroom
Pre-Wired: Cable
Specialty Rooms: Utility Room
Appliances: Dishwasher; Oven; Refrigerator; Stainless Steel Appliance(s)
Exterior Features: Storage
Accessibility Feat: None
Construction: CBS; Concrete
Shutters: Other
Floor: Tile
Roof: Shingle Roof
Pets: Pets Allowed
Neighborhood Feature: Community Boat Ramp; Other Area Features
Security: No Security
Land Size: Less Than 1/4 Acre
Terms: No Seller Finance
Title: Title Ins - Buyer
Listing Office:
Ocean Sotheby's International Realty
Last Updated: April - 01 - 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.