Great Opportunity To Purchase A Waterfront Home In Key Largo, Florida

Who doesn't dream of owning a home with water access in the Florida Keys? This property located in Key Largo offers just that - a chance to own a home just steps from the water's edge. While the current mobile home is in need of repairs, it presents a unique opportunity for renovations or even a full rebuild.

Details on the Property

Situated on a canal just a few homes away from the open bay, this waterfront lot provides scenic water views and easy boating access. The wide canal is perfect for activities like fishing, kayaking or simply relaxing outdoors with views of the water. While the existing mobile home will require work, having it removed could open up the potential for a custom dream home designed around taking full advantage of the water access.

Opportunity for Renovation or Rebuild

Rather than a complete teardown, renovating the existing structure may be a more affordable option depending on the scope of repairs needed. Updating features like flooring, appliances and fixtures could help transform the interior into a comfortable home. For those seeking a new build, removing the mobile home allows submitting building plans to the county permitting a brand new waterfront residence.

Outstanding Florida Keys Location

As one of the first islands beyond the Florida mainland in the Florida Keys, Key Largo offers a small-town feel while still providing amenities. Located just 90 minutes from Miami, it's an ideal weekend getaway or permanent home. Natural areas like John Pennekamp Coral Reef State Park and the Everglades National Park are also nearby for hiking, snorkeling and enjoying the great outdoors.

FAQs

Q: What are the property taxes like for a home in Key Largo?
A: Property taxes in Monroe County (which includes Key Largo) tend to be higher than other parts of Florida due to the premium waterfront locations. Expect to pay around 1.5-2% of the home's value annually in taxes.

Q: Is boat storage available on site?
A: Yes, the wide canal provides ample room for docking a boat if purchased with the property. A covered boat lift could also potentially be added depending on county approvals.

Q: How much would a renovation or rebuild of the home likely cost?
A: Complete renovation costs can vary greatly depending on the scope of work needed. A full rebuild from the ground up if removing the mobile home would likely range between $300,000-$500,000 before furnishings. It's always best to get estimates from local contractors.

Q: What is the process if I wanted to purchase the property?
A: To explore purchasing this Key Largo waterfront lot, contact listing agent Paradise Realtor at 305-393-1232. They can provide more property details, discuss pricing, and guide you through the buyers process including inspections and closing.