NOT LISTED FOR SALE

227 Atlantic Blvd Key Largo, FL 33037

Estimated Value: $829,081 - $1,210,000

2 Beds
2 Baths
1,836 Sq Ft
$531/Sq Ft Est. Value

Last Sold August 01, 2023

Last sale price $850,000 $463 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,535/month

16 Days on Market

Highlights

  • Boat Ramp
  • Tennis Courts
  • RV Parking in Community
  • Coral Shores High School Rated A
  • RV or Boat Parking
  • 1-minute walk to Key Largo Community Park

About This Home

As of August 2023

This home is a unique investment/development/work-live opportunity for Commercial/Residential property in Key Largo! So many possibilities for future since Suburban Commercial zoning and FLUM Mixed use allows many uses, from residential to commercial, including SHORT TERM VACATION RENTALS!! Buildable Commercial Sq FT are available to claim in the NROGO Bank for Monroe County...claim them and BUILD NOW!! Buyers to do Due Diligence to unlock the full potential of this home and land. Great central location in the hub of Key Largo. Previously used as a large open professional office space. HUGE CORNER LOT and TONS of parking. Currently single family use and is tenanted...please do not disturb and give 24 hours notice for showings. House has 2 bedrooms and 2 bathrooms (property appraiser shows one). Also has large garage sized storage for extra space. Bonus mango tree! Might be divisible into 2 lots, MCPA shows 2 addresses and a dividing lot line. Optional homeowners park has boat ramp and great views. **Photos are a combination of mostly current ones, with some older ones prior to this tenancy.**

Last Agent to Sell the Property

Peter Schwarz-Top Producer

LoKation Real Estate - Pompano Beach License #3301618 Listed on: 05/31/2023

LoKation Real Estate - Pompano Beach

Co-Listed By

Ewa Schwarz

LoKation Real Estate - Pompano Beach License #3054704

Last Buyer's Agent

Tom Rodriguez

American Caribbean Real Estate, Christie's International Real Estate License #493286

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,446

Year Built

  • Built in 1971

Lot Details

  • 0.37 Acre Lot
  • Fenced
  • Fruit Trees
  • Property is zoned SC - Sub Urban Commercial District

Home Design

  • Tar and Gravel Roof

Interior Spaces

  • 1,836 Sq Ft Home
  • Ceiling Fan
  • Shutters
  • Storage
  • Complete Accordion Shutters

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Carport
  • Open Parking
  • Off-Street Parking
  • RV or Boat Parking

Outdoor Features

  • Tennis Courts
  • Screened Patio
  • Shed

Location

  • Ground Level

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted To A Wall/Window
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00453471-002000

Community Details

Overview

  • No Home Owners Association
  • Port Largo Subdivision
  • RV Parking in Community

Recreation

  • Boat Ramp
  • Community Boat Dock
  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,446

Year Built

Built in 1971

Lot Details

0.37 Acres

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Association Fee: 350.00
  • Mandatory HOA: No
  • Voluntary HOA: Yes
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key Largo
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 100.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool, Tennis Courts, Community Boat Ramp, Community Dockage
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 5445.83
  • Title: Negotiable
  • Vehicle Storage: Carport, RV Parking Open, Trailer Storage, Off Street Parking, Open Parking
  • Year Built: 1971
  • Alternate Key Number: 1553484
  • Building Style: Ground Level
  • Cooling Heating: Wall/Window Unit(s), Ductless, Ceiling Fans(s)
  • Lot Sq Ft: 16200.00
  • Porch Balcony: Patio, Screened Patio
  • Shutters: Accordion, Panel
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1836.00
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Pantry, Storage
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Wood
  • Total Bedrooms: 2
  • Sq Ft Remarks: sg ft does not include bonus storage garage

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS
  • Exterior Features: Fencing, Storage, Shed, Fruit Tree(s)
  • Roof: Tar/Gravel Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Cable Available, Buyer to Verify, Municipal Sewer
  • Heating: Ductless

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00453471-002000
  • Lot Size: 120x135
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.37

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2022

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2023
Closed on
Aug 1, 2023
Sold by
Vasilike J Kontopirakis Trust
Bought by
227 Management Llc
Seller's Agent
Peter Schwarz-Top Producer
LoKation Real Estate - Pompano Beach
Buyer's Agent
Tom Rodriguez
American Caribbean Real Estate, Christie's International Real Estate
List Price
$975,000
Sold Price
$850,000
Premium/Discount to List
-$125,000
-12.82%
Views
33
Current Estimated Value
$974,270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,270
Avg. Annual Appreciation
5.37%

Purchase Details

Closed on
May 6, 2016
Sold by
Marshhawk Properties Llc
Bought by
Kontonpirakis Peter Vasili and Kontonpirakis Emanuel

Purchase Details

Closed on
Mar 30, 2005
Sold by
Burgin Joseph Keith and Burgin Peggy W
Bought by
Marshhawk Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$666,000
Interest Rate
5.74%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 24, 2003
Sold by
Clark Joe M and Clark Mary Ann
Bought by
Burgin Joseph Keith and Burgin Peggy W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5.79%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 1, 1971
Bought by
Kontonpirakis Vasilke J Trust 8/16/1993
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
227 Management Llc $850,000 Coral Reef Title
Kontonpirakis Peter Vasili $3,675 Island Acquisition Title Co
Marshhawk Properties Llc $740,000 --
Burgin Joseph Keith $300,000 Coral Reef Title Company
Kontonpirakis Vasilke J Trust 8/16/1993 $5,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marshhawk Properties Llc $666,000
Previous Owner Burgin Joseph Keith $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2023 08/01/23 Sold $850,000 -12.8% $463 / Sq Ft
06/16/2023 06/16/23 Pending -- -- --
05/31/2023 05/31/23 For Sale $975,000 -- $531 / Sq Ft
Source: Florida Keys Board of REALTORS®

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
2025 $6,253 $649,776 $452,045 $197,731
2024 $6,448 $685,570 $487,296 $198,274
2023 $6,448 $911,750 $665,213 $246,537
2022 $5,446 $712,940 $455,301 $257,639
2021 $4,784 $498,916 $269,042 $229,874
2020 $4,816 $499,037 $263,129 $235,908
2019 $4,919 $510,475 $263,129 $247,346
2018 $4,818 $488,144 $263,129 $225,015
2017 $4,783 $485,103 $0 $0
2016 $3,978 $413,364 $0 $0
2015 $3,542 $315,606 $0 $0
2014 $3,455 $294,911 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Peter Schwarz-Top Producer

    Seller's Agent in 2023

    Peter Schwarz-Top Producer

    LoKation Real Estate - Pompano Beach

    (305) 394-5171

    19 in this area

    125 Total Sales

    Peter Schwarz-Top Producer
    Section Image
  • Ewa Schwarz

    Seller Co-Listing Agent in 2023

    Ewa Schwarz

    LoKation Real Estate - Pompano Beach

    (305) 781-5704

    24 in this area

    131 Total Sales

    Ewa Schwarz
    Section Image
  • Tom Rodriguez

    Buyer's Agent in 2023

    Tom Rodriguez

    American Caribbean Real Estate, Christie's International Real Estate

    (305) 394-0688

    14 in this area

    118 Total Sales

    Tom Rodriguez
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 605527

Florida Keys Board of REALTORS®

APN: 00453471-002000

Florida Monroe County Key Largo 33037

227 Atlantic Blvd, Key Largo, FL

Not Listed for Sale

Detached

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