Great investment property. This charming Keys cottage situated on 3 spacious lots, offers an incredible potential for investors to build their dream home. Located just a few blocks from Key Largo School and within minutes of local amenities, this property is ideally positioned for both convenience and seclusion. This property boasts a private waterfront homeowners' park complete with a boat ramp, a serene cove, and 72-hour dockage--perfect for boating enthusiasts. Although recently renovated this home is a tear down. Use it as is until you rebuild . The property has been brought to full compliance and offers excellent investment potential. Once the lots are no longer combined for tax purposes, you could build up to three homes on the property, making this an outstanding opportunity for development. Whether you're looking for a family retreat or an investment with future growth potential, this property is the perfect canvas. Just two minutes from the iconic Key Largo Stretch and an easy hour's drive to Miami, this is an unbeatable opportunity to own a piece of paradise with endless possibilities.
For sale
Price cut: $35K (5/26)
$650,000
28 Tarpon Ave, Key Largo, FL 33037
2beds
1,080sqft
Single Family Residence
Built in 1949
0.36 Acres Lot
$629,800 Zestimate®
$602/sqft
$21/mo HOA
What's special
- 350 days |
- 489 |
- 21 |
Zillow last checked:
Listing updated:
Listed by:
Pedro 'Pete' Riveiro, PA 305-619-0257,
The Firm Realty Group
Source: FLKMLS,MLS#: 615785
Originating MLS: Florida Keys
Originating MLS: Florida KeysLoading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central
Appliances
- Included: No Appliances
Features
- Flooring: Tile, Combination
- Windows: Aluminum Frames, Panel
Interior area
- Total interior livable area: 1,080 sqft
Property
Features
- Levels: Ground Level
- Water view: None
- Waterfront features: None, Dockage: None
Lot
- Size: 0.36 Acres
- Features: Less Than 1/4 Acre
Details
- Parcel number: 00510350000000
- Zoning: IS
- Zoning description: Improved Subivision District
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Concrete, Combo Construction
- Roof: Metal
Condition
- Year built: 1949
Utilities & green energy
- Sewer: Municipal Sewer, Public Sewer
- Utilities for property: FKAA, Buyer to Verify
Community & HOA
Community
- Features: Community Dockage, Other, Beach
- Security: No Security
- Subdivision: Riviera Village, Rec Amd (104.0)
HOA
- Has HOA: No
- Services included: None, Other
- HOA fee: $250 yearly
Location
- Region: Key Largo
Financial & listing details
- Price per square foot: $602/sqft
- Tax assessed value: $577,929
- Annual tax amount: $4,985
- Date on market: 7/14/2025
- Listing terms: Cash,Conventional
Estimated market value
$629,800
$598,000 - $661,000
$3,504/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/26/2026 | Price change | $650,000-5.1%$602/sqft |
Source:  Key West AOR #615785 Report a problem | ||
| 9/4/2025 | Listed for sale | $685,000$634/sqft |
Source: Key West AOR #615785 Report a problem | ||
| 8/25/2025 | Contingent | $685,000$634/sqft |
Source: Key West AOR #615785 Report a problem | ||
| 7/14/2025 | Listed for sale | $685,000-0.6%$634/sqft |
Source: Key West AOR #615785 Report a problem | ||
| 7/9/2025 | Listing removed | $689,000$638/sqft |
Source:  FLKMLS #612866 Report a problem | ||
| 6/16/2025 | Price change | $689,000-0.1%$638/sqft |
Source: Key West AOR #612866 Report a problem | ||
| 5/17/2025 | Price change | $690,000-1.3%$639/sqft |
Source: FLKMLS #612866 Report a problem | ||
| 2/26/2025 | Price change | $699,000-5.4%$647/sqft |
Source: Key West AOR #612866 Report a problem | ||
| 1/29/2025 | Price change | $739,000-5.1%$684/sqft |
Source: Key West AOR #612866 Report a problem | ||
| 12/27/2024 | Listed for sale | $779,000+20.8%$721/sqft |
Source: FLKMLS #612866 Report a problem | ||
| 9/5/2023 | Sold | $645,000-4.4%$597/sqft |
Source: FLKMLS #605311 Report a problem | ||
| 8/4/2023 | Pending sale | $675,000$625/sqft |
Source: FLKMLS #605311 Report a problem | ||
| 7/28/2023 | Price change | $675,000-3.4%$625/sqft |
Source: FLKMLS #605311 Report a problem | ||
| 7/1/2023 | Price change | $699,000-6.7%$647/sqft |
Source: FLKMLS #605311 Report a problem | ||
| 6/10/2023 | Price change | $749,000-6.3%$694/sqft |
Source: FLKMLS #605311 Report a problem | ||
| 5/16/2023 | Price change | $799,000+11.7%$740/sqft |
Source: FLKMLS #605311 Report a problem | ||
| 3/24/2023 | Listed for sale | $715,000+64.4%$662/sqft |
Source: Owner Report a problem | ||
| 5/20/2020 | Sold | $435,000-11.2%$403/sqft |
Source: FLKMLS #589124 Report a problem | ||
| 4/7/2020 | Price change | $490,000+28.9%$454/sqft |
Source: Coldwell Banker Schmitt Real Estate Co. #589124 Report a problem | ||
| 1/31/2020 | Price change | $380,000-22.4%$352/sqft |
Source: Coldwell Banker Schmitt Real Estate Co. #589124 Report a problem | ||
| 1/13/2020 | Listed for sale | $490,000+88.5%$454/sqft |
Source: Coldwell Banker Schmitt Islamorada #589124 Report a problem | ||
| 8/5/2015 | Sold | $260,000-5.5%$241/sqft |
Source: Public Record Report a problem | ||
| 5/23/2015 | Price change | $275,000-4.8%$255/sqft |
Source: RE/MAX Keys Properties #567364 Report a problem | ||
| 5/1/2015 | Listed for sale | $289,000+75.2%$268/sqft |
Source: RE/MAX Keys Properties #567364 Report a problem | ||
| 4/26/2012 | Sold | $165,000-0.5%$153/sqft |
Source: Public Record Report a problem | ||
| 2/2/2012 | Listed for sale | $165,900+75.6%$154/sqft |
Source: Coldwell Banker Schmitt Real Estate Co. #556539 Report a problem | ||
| 4/6/2000 | Sold | $94,500-14.1%$88/sqft |
Source: Public Record Report a problem | ||
| 5/7/1996 | Sold | $110,000$102/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,319 +6.7% | $577,929 +4.9% |
| 2024 | $4,986 +15.6% | $550,857 +26.9% |
| 2023 | $4,315 +7.6% | $434,150 +10% |
| 2022 | $4,011 +17.1% | $394,682 +10% |
| 2021 | $3,426 +35.6% | $358,802 +25.3% |
| 2020 | $2,528 | $286,456 +14.2% |
| 2019 | $2,528 +13% | $250,828 -8.6% |
| 2018 | $2,236 -9.2% | $274,464 +1% |
| 2017 | $2,463 +1.3% | $271,747 +17.9% |
| 2016 | $2,431 -2.5% | $230,474 +15.3% |
| 2015 | $2,494 | $199,905 |
Find assessor info on the county website
Monthly payment
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Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 33037
Nearby schools
GreatSchools rating
- 8/10Key Largo SchoolGrades: PK-8Distance: 0.3 mi
- 5/10Coral Shores High SchoolGrades: 9-12Distance: 14.7 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Florida
- Monroe County
- Key Largo
- 33037
- 28 Tarpon Ave
Nearby cities
Nearby zip codes
Other Key Largo Topics
