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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

Overview

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 ...

Listing Details MLS# 609804

Location, Tax & Legal

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
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

Contract Information

Listing Board
Florida Keys
As is Rght to Inspct
Yes
Potential Short Sale
No
Bank Owned
No
Species List
No

General Property Description

Realtor.COM Type
Residential - Single Family
Style
Multi-Units
Waterfront
Yes
Control Depth
5
Pool
No
Year Built
1980
Total Units
3
Lot SqFt
9375
Lot Sqft Source
Tax Records
Acres
0.22
Living Apx SqFt
3164
SqFt Source
Tax Records
Total Bedrooms
7
Full Baths
4
Total Baths
4
Rentals Allowed
Yes
Min Rental Days
28

Status Change Info

Sold Date
2025-04-01

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

Dockage

Dock Length
75
Dock
Concrete
Seawall
Concrete

More Information

Building Style

Above Flood
Unknown
Stories
2 Stories

Vehicle Storage

Car(s)
4+
Covered Parking
Yes
RV Parking Open
Yes
Trailer Storage
Yes

Financial Status

Auction
No
Bank Owned
No
Potential Short Sale
No

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.

Fee Includes

Other
Yes

Tax Exemptions

None
Yes

Appliances

Dishwasher
Yes
Oven
Yes
Refrigerator
Yes
Stainless Steel Appliance(s)
Yes

Pets

Pets Allowed
Yes

Cooling

Ceiling Fans(s)
Yes
Central Air
Yes

Heating

Central
Yes

Waterfront

Canal Front
Yes

Waterview

Canal View
Yes

Floor

Tile
Yes

Neighborhood Feature

Community Boat Ramp
Yes
Other Area Features
Yes

Interior Features

Built-in Cabinets
Yes
Granite Counter Top
Yes
Smoke Alarms
Yes
Split Bedroom
Yes

Specialty Rooms

Utility Room
Yes

Windows/Doors

Single Hung Windows
Yes
Sliding Glass Doors
Yes

Security

No Security
Yes

Construction

CBS
Yes
Concrete
Yes

Land Size

Less Than 1/4 Acre
Yes

Furnished

Unfurnished
Yes

Terms

No Seller Finance
Yes

Utilities

Buyer to Verify
Yes
Cable Available
Yes
Community Swr Plant
Yes
FKAA
Yes
Municipal Sewer
Yes
Sewer Available
Yes

Porch/Balcony

Screened P/B
Yes
Screened Patio
Yes

Title

Title Ins - Buyer
Yes

Exterior Features

Storage
Yes

Pre-Wired

Cable
Yes

Roof

Shingle Roof
Yes

Accessibility Feat

None
Yes

Shutters

Other
Yes

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.