305-609-4190
522 Caribbean Dr, Key Largo FL 33037
Active Waterfront

522 Caribbean Dr, Key Largo FL 33037

Key Largo, FL, 33037

$5,200,000

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Year Built
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Garage

Photo Gallery (22 photos)

About This Property

This Large property is on the Oceanside of Downtown Key Largo with 500 ft of concrete Deep Water Dockage that has direct ocean access. 5 combined lots of 100 x 125 ft each, where most lots in Port Largo are only 75 ft. X 125. 3 residential lots and 2 suburban commercial lots. There is a 5,508 sq. ft. concrete building with concrete roof that is commercially zoned. Sale includes the commercial building, and over 62,000 sq. ft. of land that has gas and diesel tanks with a fuel pump on the property and a sewage pump out to service boats. Currently 3 tenants are in place with active leases. This is a rare opportunity of an Iconic Key Largo Property. Please DO NOT walk the property or bother the tenants.

Property Details

MLS #

A12092939

Status

Active

Property Type

Commercial Land

Pool

No

Waterfront

Yes

HOA Fee

None

Est. Insurance

$1,733/mo

Tax Year

2025

Tax Amount

$33,536

Garage

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Lot Size

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MLS Area

Port Largo 5th Add

Subdivision

PORT LARGO 5TH ADD

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Flood Zone & Insurance

Flood zone data not available for this listing. Check FEMA directly

Investment Analysis

$36,400
Est. Monthly Rent
0.6%
Cap Rate
3.2%
Cash-on-Cash
$33,400
Net Operating Income

ROI Projections (4% Annual Appreciation)

124%
5-Year ROI
Value: $6,326,595
272%
10-Year ROI
Value: $7,697,270
449%
15-Year ROI
Value: $9,364,906

Estimates based on area averages. Actual returns may vary. Consult a financial advisor.

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