305-609-4190
54 Sunset Rd, Key Largo FL 33037
Active Residential Waterfront

54 Sunset Rd, Key Largo FL 33037

Key Largo, FL, 33037

$4,695,000

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Garage

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About This Property

Waterfront opportunity in Key Largo! This rare offering includes two lots with approximately 200 feet of crystal-clear bay frontage, breathtaking sunset views, and calm, clean bay waters. A ROGO letter allows for two residences to be built on the property, The U.S. Army Corps of Engineers previously approved a 250-foot dock. Buyer is responsible for conducting due diligence to verify current requirements and obtain any necessary permits and approvals Architectural plans are included for building your dream waterfront home. Investors and builders may have the opportunity to divide the two lots and construct two separate bayfront residences, subject to applicable approvals. Water, sewer, and electric are already in place. Enjoy nearby public park with a convenient boat launch. A unique opportunity to create a private waterfront retreat or develop an investment in the Florida Keys.

Property Details

MLS #

A12095416

Status

Active

Property Type

Land/Boat Docks

Sub Type

Residential

Days on Market

18

Pool

No

Waterfront

Yes

HOA Fee

None

Est. Insurance

$1,565/mo

Tax Year

2025

Tax Amount

$24,302

Garage

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Lot Size

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MLS Area

Sunset Point

Subdivision

SUNSET POINT

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Flood Zone & Insurance

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

Investment Analysis

$32,865
Est. Monthly Rent
0.9%
Cap Rate
4.5%
Cash-on-Cash
$42,110
Net Operating Income

ROI Projections (4% Annual Appreciation)

131%
5-Year ROI
Value: $5,712,185
285%
10-Year ROI
Value: $6,949,747
468%
15-Year ROI
Value: $8,455,430

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

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