305-609-4190
18 Kay Dr, Key Largo FL 33037
Active

18 Kay Dr, Key Largo FL 33037

Key Largo, FL, 33037

$990,000

Beds
Baths
Sq Ft
Year Built
Lot Sq Ft
Garage

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About This Property

Exceptional 4.35-acre development opportunity in Key Largo comprised of two contiguous parcels to be sold together. The assemblage includes approximately 3.76 acres fronting Kay Drive and offers mixed RV, SC, and SR zoning, creating a unique redevelopment opportunity. Existing Letter of Understanding and due diligence materials are available. Well suited for experienced developers pursuing mixed-use, commercial, or residential projects, subject to Monroe County approvals. Buyer to independently verify all zoning, Tier designations, ROGO requirements, permitted uses, and development potential.

Property Details

MLS #

A12062683

Status

Active

Property Type

Commercial Land

Days on Market

23

Pool

No

Waterfront

No

HOA Fee

None

Est. Insurance

$330/mo

Tax Year

2025

Tax Amount

$902

Garage

Lot Size

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Flood Zone & Insurance

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

Investment Analysis

$6,930
Est. Monthly Rent
1.7%
Cap Rate
8.7%
Cash-on-Cash
$17,324
Net Operating Income

ROI Projections (4% Annual Appreciation)

152%
5-Year ROI
Value: $1,204,486
328%
10-Year ROI
Value: $1,465,442
532%
15-Year ROI
Value: $1,782,934

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

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