NOT LISTED FOR SALE

116 Ocean Dr Key Largo, FL 33037

Estimated Value: $1,272,849

0.58 Acre
$2,194,567 Price per Acre
25,265 Sq Ft Lot

Last Sold June 25, 2020

Last sale price $127,500

Est. 898% increase in value since last sale

Current estimated payment $7,028/month

77 Days on Market

About This Lot

As of June 2020

Great opportunity to own this over-sized lot, zoned Sub Urban Commercial and designated as Tier III A. Located in the Heart of Key Largo, across from the Marriott Courtyard, Marina, dive shops and in close proximity to restaurants and shops. Ideal to develop a commercial property with mixed use. Allowable uses for Sub Urban Commercial Zoning can be found in the documents tab.

Last Agent to Sell the Property

Sally Stribling

Coldwell Banker Schmitt R.E. License #3159204 Listed on: 12/10/2019

Coldwell Banker Schmitt R.E.

Last Buyer's Agent

Pete Riveiro

The Firm Realty Group License #0707106

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $663

Lot Details

  • 0.58 Acre Lot
  • Lot Dimensions are 100x251
  • Property is zoned UC

Utilities

  • Underground Utilities
  • Sewer Available
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 00087600-000100

Property Details

Property Type

Land

Est. Annual Taxes

$663

Lot Details

0

Listing Details

  • Property Type: Commercial Land
  • Directions: Turn toward the ocean on Ocean Drive, Mile Marker 100. Property on left, sign on property.
  • Horses: No
  • Lot Size Acres: 0.58
  • Lot Size: 100x251
  • New Construction: No
  • Road Frontage Type: City/County Maintained, Public Road
  • Road Surface Type: Paved
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Investment, Suburban, Urban Commercial

Exterior Features

  • Lot Features: Central Business District, Near Seaport, Urban Area Development, 1-2.5 Acres
  • Pool Private: No
  • View: No
  • Waterfront: No

Utilities

  • Sewer: None
  • Water Source: Other
  • Utilities: No Utilities, Cable Available, Electricity Available, Irrigation Water, Phone Available, Sewer Available, Trash Removal, Underground Utilities, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 00087600-000100
  • Current Use: Unimproved Agr/Recreation/Mobile Home, Unimproved Business/Commercial, Other Usage
  • Lot Size Sq Ft: 24950
  • Zoning: UC
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 663

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 12, 2024
Sold by
Rfc Investment Inc
Bought by
Algonoceancayfl Llc
Current Estimated Value
$1,272,849

Purchase Details

Listed on
Dec 10, 2019
Closed on
Jun 25, 2020
Sold by
Hardrock Hammock Llc
Bought by
Rfc Investment Inc
Seller's Agent
Sally Stribling
Coldwell Banker Schmitt R.E.
Buyer's Agent
Pete Riveiro
The Firm Realty Group
List Price
$139,000
Sold Price
$127,500
Premium/Discount to List
-$11,500
-8.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
53.74%

Purchase Details

Closed on
Jul 23, 2015
Sold by
Walker Nancy L and Fanelli Dorothy J
Bought by
Hardrock Hammock Llc

Purchase Details

Closed on
Apr 23, 2015
Bought by
Hardrock Hammock Llc

Purchase Details

Closed on
Apr 19, 1996
Sold by
Peel Henry B
Bought by
Peel Henry B

Purchase Details

Closed on
Sep 22, 1994
Sold by
Peel Dorothy Mae and Peel Dorothy Mae
Bought by
Peel Henry B and Peel Dorothy M

Purchase Details

Closed on
May 1, 1981
Bought by
Hardrock Hammock Llc

Purchase Details

Closed on
Feb 1, 1969
Bought by
Hardrock Hammock Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Algonoceancayfl Llc $1,300,000 Titles Unlimited
Rfc Investment Inc $127,500 Attorney
Hardrock Hammock Llc $85,000 Absolute First Title Llc
Hardrock Hammock Llc $85,000 --
Peel Henry B $100 --
Peel Henry B -- --
Hardrock Hammock Llc $83,500 --
Hardrock Hammock Llc $6,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2020 06/25/20 Sold $127,500 -8.3% --
02/25/2020 02/25/20 Pending -- -- --
12/10/2019 12/10/19 For Sale $139,000 -- --
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,388 $556,561 $185,297 $371,264
2023 $4,388 $552,812 $185,297 $367,515
2022 $843 $110,183 $110,183 $0
2021 $894 $110,183 $110,183 $0
2020 $1,373 $281,561 $281,561 $0
2019 $663 $81,088 $81,088 $0
2018 $712 $99,800 $99,800 $0
2017 $572 $68,613 $0 $0
2016 $594 $68,613 $0 $0
2015 $217 $34,200 $0 $0
2014 $213 $34,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sally Stribling

    Seller's Agent in 2020

    Sally Stribling

    Coldwell Banker Schmitt R.E.

    (305) 283-2002

    130 in this area

    185 Total Sales

    Sally Stribling
    Section Image
  • Pete Riveiro

    Buyer's Agent in 2020

    Pete Riveiro

    The Firm Realty Group

    (305) 608-2169

    28 in this area

    42 Total Sales

    Pete Riveiro
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10785448

MIAMI REALTORS® MLS

APN: 00087600-000100

Florida Monroe County Key Largo 33037

116 Ocean Dr, Key Largo, FL

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