127 Seaside Ave Key Largo, FL 33037
4
Beds
2
Baths
1,716
Sq Ft
0.5
Acres
Highlights
- Ocean Front
- Dock made with concrete
- Balcony
- Coral Shores High School Rated A
- No HOA
- 1-minute walk to Sunset Point Park 2
About This Home
As of May 2025Your Investment Paradise or Forever Dream Home Awaits! This extraordinary, income-producing oceanfront property that offers a rare opportunity to enjoy your very own vacation retreat while generating rental income when you're not using it. Located on a commercially zoned lot, this unique two-story solid concrete residence features four bedrooms and two bathrooms, thoughtfully renovated for modern living. Each level is independent, with two bedrooms and one bathroom per floor--perfect for flexible living or renting arrangements. Importantly, this zoning allows for LEGAL short-term rentals, making it an ideal investment opportunity.With new impact windows, doors, and a poured concrete roof, you'll enjoy both safety and peace of mind. Situated in a prime oceanfront location, the property boasts direct ocean access, over 100 feet of dock space, and bay bottom ownership--making it a boater's dream come true. Its spacious indoor and outdoor living areas offer stunning views, while being within walking distance to a popular local restaurant adds convenience and charm.Just one hour from Miami, this home is truly an exceptional find for those seeking lifestyle and investment potential in equal measure. Don't miss the chance to make this dream property yours!
Last Agent to Sell the Property
Real Estate Sales Force, Inc. License #30534073 Listed on: 04/17/2025
Last Buyer's Agent
American Caribbean Real Estate, Christie's International Real Estate License #3450732
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $14,668
Year Built
- Built in 1962 | Remodeled
Lot Details
- 0.5 Acre Lot
- Ocean Front
- Property is zoned SC - Sub Urban Commercial District
Home Design
- Split Level Home
- Concrete Roof
- Pre-Cast Concrete Construction
Interior Spaces
- 1,716 Sq Ft Home
- Tile Flooring
- Water Views
- Impact Glass
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- Open Parking
- Off-Street Parking
Outdoor Features
- Dock made with concrete
- Balcony
Utilities
- Central Heating and Cooling System
- Public Hookup Available For Sewer
Community Details
- No Home Owners Association
- Seaside Sub Subdivision
Listing and Financial Details
- Minimum Rental Period: 1
- Assessor Parcel Number 00492230-000000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 17, 2025
Closed on
May 19, 2025
Sold by
Seaside Avenue Llc
Bought by
Peg 350 Llc
Seller's Agent
David Lazcos
Real Estate Sales Force, Inc.
Buyer's Agent
Shelby Morris
American Caribbean Real Estate, Christie's International Real Estate
List Price
$2,300,000
Sold Price
$2,275,000
Premium/Discount to List
-$25,000
-1.09%
Views
75
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-99.85%
Original Mortgage
$2,251,000
Outstanding Balance
$2,251,000
Interest Rate
6.64%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$982,500
Purchase Details
Closed on
Jul 9, 2021
Sold by
Jifer Investments Corp
Bought by
Seaside Avenue Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
2.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 4, 1993
Sold by
Sheats J Leroy and Reta Sheats M
Bought by
Fernandez Pedro and Fernandez Wanda L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
7.26%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 1, 1980
Bought by
Jifer Investments Corp
Similar Homes in Key Largo, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,275,000 | Coral Reef Title | |
| Warranty Deed | $2,275,000 | Coral Reef Title | |
| Warranty Deed | $975,000 | Attorney | |
| Warranty Deed | $185,000 | -- | |
| Warranty Deed | $60,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,251,000 | Credit Line Revolving | |
| Closed | $2,251,000 | Credit Line Revolving | |
| Previous Owner | $1,686,750 | New Conventional | |
| Previous Owner | $600,000 | Commercial | |
| Previous Owner | $100,000 | New Conventional | |
| Previous Owner | $115,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/19/2025 05/19/25 | Sold | $2,275,000 | -1.1% | $1,326 / Sq Ft |
| 04/17/2025 04/17/25 | For Sale | $2,300,000 | -- | $1,340 / Sq Ft |
Source: Florida Keys Board of REALTORS®
Tax History Compared to Growth
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 | $10,069 | $2,430,612 | $2,076,645 | $353,967 |
| 2023 | $10,069 | $1,066,880 | $715,834 | $351,046 |
| 2022 | $9,121 | $910,471 | $551,235 | $359,236 |
| 2021 | $8,567 | $792,007 | $505,300 | $286,707 |
| 2020 | $8,591 | $785,888 | $495,730 | $290,158 |
| 2019 | $8,112 | $752,976 | $459,366 | $293,610 |
| 2018 | $7,906 | $754,208 | $459,366 | $294,842 |
| 2017 | $7,415 | $733,500 | $0 | $0 |
| 2016 | $7,126 | $690,019 | $0 | $0 |
| 2015 | $6,604 | $563,796 | $0 | $0 |
| 2014 | $6,163 | $453,506 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
David Lazcos
Seller's Agent in 2025
David Lazcos
Real Estate Sales Force, Inc.
(305) 340-7318
51 Total Sales
-
Shelby Morris
Buyer's Agent in 2025
Shelby Morris
American Caribbean Real Estate, Christie's International Real Estate
(305) 393-3686
96 Total Sales
-
Amy Bruggeman
Buyer Co-Listing Agent in 2025
Amy Bruggeman
American Caribbean Real Estate, Christie's International Real Estate
(305) 619-0818
60 Total Sales
Map
Source: Florida Keys Board of REALTORS®
MLS Number: 614673
APN: 00492230-000000
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