$1,975,000
Key Largo, FL 33070
MLS# 589741
Status: Closed
5 beds | 6 baths | 3179 sqft
1 / 33
Property Description
Nestled just off Overseas Hwy, among lush tropical landscaping, is a very desirable set of 3 cottages overlooking the vibrant waters of the Florida Bay. Each of the cottages, which are legal for weekly rentals, are joined together by winding passageways, palm trees, and tropical foliage. Starting from the bay, the first cottage is in a prime location for the vivid Florida Keys sunsets over the Florida Bay. The 1,602 square foot cottage features 2 bedrooms, 2 baths, and french doors designed to catch both the views and the breeze. The second cottage, the smallest of the 3 at 608 square feet, sits garden-side and features a studio with a separate bedroom for a total of 2 beds and 2 baths.
Details
Maps
Contract Information
Current Price: $1,975,000
Listing Date: 2020-02-12
Listing Board: Florida Keys
Leased Price Monthly: $1,975,000
Location, Tax & Legal
Street #: 92510
Street Name: Overseas
Street Suffix: Highway
Key/Island: Key Largo
State/Province: FL
Zip Code: 33070
County: Monroe
Subdivision: Misc Sub Lower K.L. (92.0)
Area: 26 - Key Largo S of MM 96.9
General Property Description
Realtor.COM Type: Multi-family
Style: Single Family
Waterfront: Yes
Control Depth: 4
Year Built: 1964
Lot Size: 50,075 sq ft + 29,620 submerged
Lot SqFt: 50075
Acres: 0.68
Living Apx SqFt: 3179
SqFt Source: Property Data Card
Total Bedrooms: 5
Full Baths: 6
Total Baths: 6
Rentals Allowed: Yes
Min Rental Days: 7
Status Change Info
Under Contract Date: 2020-04-10
Leased Date: 2020-05-04
Leased Price Monthly: $1,975,000
Sold Comments: Sold with 2x accompanying properties
Status: Closed
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Dockage
Dock: Wood
Seawall: Concrete
Building Style
Above Flood: Unknown
# Stories: 1 Story
Property Features
Fee Includes: Other
Tax Exemptions: None
Waterfront: Bay Front; Open Water
Waterview: Bay/Gulf View; Open Water View
Dockage: Basin
Utilities: Buyer to Verify
Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Trash Compactor; Washer
Exterior Features: Bar; Chickee Hut; Fencing
Construction: CBS
Pets: Pets Allowed
Land Size: 1 Less Than 2 Acres
Supplements
Down the brick pathway, the final cottage sits on the entrance to the property and opens up to a shady sitting area and Chickee hut. The 969 square foot cottage also has 2 bedrooms and 2 baths and french doors that open to the banyan tree and other abundant local flora.
The gated grounds open up to the twisting driveway that leads straight to the bay with plenty of room for parking off to the side. At the end of the driveway, the vegetation opens up to a shaded Tiki Hut, natural coral rock, beach walk and cement seawall. A jetty provides protection for a dock for a boat, and another dock juts out into the Florida bay and provides a lift and dockage for larger vessels. This beautiful estate is the perfect investment property offering exceptional rental income potential and room to expand.
Two additional Transferable Development Rights will be conveyed with this sale~!
Listing Office: Coldwell Banker Schmitt Islamorada
Last Updated: September - 04 - 2024
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.