237 Atlantic Boulevard

Key Largo, FL 33037

$2,599,000
Price
7
Beds
4
Baths
3,164 Sq. Ft.
$821 / Sq. Ft.
3,164
Sq. Ft.
$821
per Sq. Ft.

Description

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...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.
  1. Listed by Walters Luxury Group Gloria, Rachel and Michaela Walters • Ocean Sotheby's International Realty

Property Details for 237 Atlantic Boulevard

Waterfront
Canal Front
Waterfront
Yes
Zoning
IS - Improved Subivision District
Subdivision
Port Largo (100.0)
Directions
Turn onto Atlantic Avenue from US-1 and triplex is on your left.
Vehicle Storage
RV Parking Open, Trailer Storage, Covered Parking
Pets
Pets Allowed
LISTING UPDATED: 09/17/2024 08:11 AM

Property Details for 237 Atlantic Boulevard

StatusActive
MLS #609804
Days on Market199
Taxes$10,689 / year
HOA Fees$275 / year
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential / Multi-Units
Year Built1980
Lot Size0.22 AC / 9,375 SF
CountyMonroe County

Building Information for 237 Atlantic Boulevard

Stories2Residences3Year Built1980Building Size-Lot Size0.22 AC / 9,375 SF

Property Information for 237 Atlantic Boulevard

Summary
Location and General Information
  • Waterview: Canal View
  • Area: 27 - Key Largo MM 97-107
  • Absolute Longitude: 80.435804
  • Control Depth: 5
  • Off Shore Island: No
  • Listing Board: Florida Keys
  • Side: Ocean
  • Mile Marker: 100.0
  • Marathon Neighborhood: N/A
  • Accessibility Feat: None
  • Neighborhood Feature: Community Boat Ramp, Other Area Features
  • Key/Island: Key Largo
Owner
  • Owner Name: MCPA
Taxes and HOA Information
  • Association Info: Mandatory Home Owners Asc: No
  • Association Info: Voluntary Home Owners Asc: Yes
  • Association Info: 1st Right of Refusal: No
  • Association Info: Assoc Approval Req: No
  • Fee Includes: Other
  • Furnished: Unfurnished
  • Tax Year: 2023
  • Tax Exemptions: None
Property
Lot Information
  • Acres: 0.22
  • SqFt Remarks: Floor Living Area: 2,314Lower Level Finished: 850
  • Parcel #: 00453472-000500
  • Land Size: Less Than 1/4 Acre
Property and Assessments
  • Legal: LT 237 PORT LARGO SECOND ADDITION KEY LARGO PB6-53 OR589-831 OR792-1075 OR792-1072 OR792-1074 OR798-2274 OR2534-844/45
  • MLS Approved: Y
  • Bank Owned: No
  • Limited Representation: Yes
  • SqFt Source: Tax Records
  • Flood Zone: AE
  • Rentals Allowed: Yes
  • Deed Restrictions: Unknown
  • Picture Count: 47
  • Document Count: 0
  • Building Style: Above Flood: Unknown
  • Security: No Security
  • Title: Title Ins - Buyer
Utilities
  • Utilities: FKAA, Cable Available, Buyer to Verify, Sewer Available, Municipal Sewer, Community Swr Plant
  • Pub Sewer HkUp: Yes
  • Species List: No
  • Pool: No
  • Handicap Access: No
  • Porch/Balcony: Screened P/B, Screened Patio
Interior and Exterior Features
Interior Features
  • Floor: Tile
  • Interior Features: Split Bedroom, Built-in Cabinets, Smoke Alarms, Granite Counter Top
  • Pre-Wired: Cable
  • Appliances: Dishwasher, Stainless Steel Appliance(s), Oven, Refrigerator
Exterior Features
  • Roof: Shingle Roof
  • Shutters: Other
  • Dockage: Dock Length: 75
  • Dockage: Dock: Concrete
  • Dockage: Seawall: Concrete
  • Construction: CBS, Concrete
  • Exterior Features: Storage
  • Windows/Doors: Single Hung Windows, Sliding Glass Doors
Room Information
  • Specialty Rooms: Utility Room

Property History for 237 Atlantic Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 237 Atlantic Boulevard

Taxable ValueLand$1,010,156Additions$454,658Total$1,464,814
Tax Record2023$10,689 ($891 / month)
Home Facts
Baths3Total Finished SqFt2,314 SqFtAbove Grade Finished SqFt2,314 SqFtStories1Lot Size9,375 SqFtStyleMulti-Family Dwelling (2-4)Year Built1980Year Renovated2003CountyMONROEAPN00453472-000500

Schools near 237 Atlantic Boulevard

This home is within Monroe.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Public - 9 to 12
Rating
School
Distance
Key Largo School
PublicPK to 8

Key West High School
Public9 to 12

Ocean Studies Charter
CharterK to 8

Coral Shores High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

237 Atlantic Boulevard is a multi-family home for sale in Key Largo, FL 33037. This property was listed for sale on April 30, 2024 by Ocean Sotheby's International Realty, it's currently listed at $2,599,000. This listing's school district is Monroe. Nearby schools include Key Largo School, Key West High School and Ocean Studies Charter. 237 Atlantic Boulevard is a 7-bed, 4-bath, 3,164 sqft multi-family home built in 1980.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Ocean Sotheby's International Realty

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.