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.
Sold for $2,100,000
$2,100,000
237 Atlantic Blvd, Key Largo, FL 33037
7beds
3,164sqft
Multi Family
Built in 1980
-- sqft lot
$2,104,800 Zestimate®
$664/sqft
$4,094 Estimated rent
Home value
$2,104,800
$1.83M - $2.42M
$4,094/mo
Zestimate® history
Owner options
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$4,094/mo
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$4,094/mo
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$12,934/mo
Est. payment
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$12,934/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Walters Luxury Group Gloria, Rachel and Michaela Walters 305-942-6834,
Ocean Sotheby's International Realty
Bought with:
Walters Luxury Group Gloria, Rachel and Michaela Walters, 662034_1
Ocean Sotheby's International Realty
Source: FLKMLS,MLS#: 609804
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: Dishwasher, Refrigerator, Oven, Stainless Steel Appliance(s)
Features
- Built-in Features, Granite Counters
- Flooring: Tile
Interior area
- Total structure area: 3,164
- Total interior livable area: 3,164 sqft
Property
Parking
- Parking features: RV Access/Parking, Storage
Accessibility
- Accessibility features: None
Features
- Patio & porch: Screened Patio
- Exterior features: Storage
- On waterfront: Yes
Lot
- Size: 9,583 Square Feet
Details
- Parcel number: 00453472000500
- Zoning: IS - Improved Subivision District
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- CBS, Concrete
Condition
- Year built: 1980
Utilities & green energy
- Utilities for property: Cable Available
Community & HOA
Community
- Features: Community Boat Ramp, Other
- Security: No Security
- Subdivision: Port Largo (100.0)
HOA
- Has HOA: No
- Services included: Other
- HOA fee: $275 annually
Location
- Region: Key Largo
Financial & listing details
- Price per square foot: $664/sqft
- Tax assessed value: $1,618,418
- Annual tax amount: $10,689
- Date on market: 5/1/2024
- Listing terms: No Seller Finance
Price history
| Date | Event | Price |
|---|---|---|
| 4/1/2025 | Sold | $2,100,000-19.2%$664/sqft |
Source:  FLKMLS #609804 Report a problem | ||
| 1/29/2025 | Pending sale | $2,599,000$821/sqft |
Source: FLKMLS #611728 Report a problem | ||
| 7/10/2024 | Price change | $2,599,000-3.7%$821/sqft |
Source:  Key West AOR #609804 Report a problem | ||
| 5/1/2024 | Listed for sale | $2,699,000$853/sqft |
Source: Key West AOR #609804 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,535 +9.9% | $1,061,220 +10% |
| 2024 | $11,403 +6.7% | $964,745 +10% |
| 2023 | $10,689 +13% | $877,041 +10% |
| 2022 | $9,462 +21.2% | $797,310 +10% |
| 2021 | $7,810 -5.2% | $724,827 -6.2% |
| 2020 | $8,242 | $772,607 -14.2% |
| 2019 | $8,242 -11.4% | $900,981 -0.6% |
| 2018 | $9,304 -1.9% | $906,023 +9.7% |
| 2017 | $9,489 +7.9% | $825,588 +4.8% |
| 2016 | $8,793 +0.7% | $787,406 +8.1% |
| 2015 | $8,735 | $728,503 |
Find assessor info on the county website
Neighborhood: 33037
Nearby homes
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- $2,250,0005 bd4 ba3.8k sqft239 Atlantic Blvd, Key Largo, FL 33037Sold
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- $12,0004 bd2 ba1.6k sqft203 Atlantic Blvd, Key Largo, FL 33037For Rent
- $3,016,6004 bd2 ba4k sqft262 Saint Thomas Ave, Key Largo, FL 33037Off Market
Nearby schools
GreatSchools rating
- 8/10Key Largo SchoolGrades: PK-8Distance: 5.3 mi
- 5/10Coral Shores High SchoolGrades: 9-12Distance: 9.3 mi
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Estimated market value
$2,104,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,104,800
- Florida
- Monroe County
- Key Largo
- 33037
- 237 Atlantic Blvd
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