NOT LISTED FOR SALE

237 Atlantic Blvd Key Largo, FL 33037

Estimated Value: $2,118,783 - $2,340,000

7 Beds
4 Baths
3,164 Sq Ft
$699/Sq Ft Est. Value

Sale Details

Date Sold: April 1, 2025

Last sale price $2,100,000 $664 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $12,776 / mo

273 Days on Market

Highlights

  • Boat Ramp
  • Dock made with concrete
  • 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 April 2025

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.

Last Agent to Sell the Property

TEAM Walters Gloria, Rachel and Michae

Ocean Sotheby's International Realty License #662034_1 Listed on: 04/30/2024

Last Buyer's Agent

TEAM Walters Gloria, Rachel and Michae

Ocean Sotheby's International Realty License #662034_1 Listed on: 04/30/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,689

Year Built

  • Built in 1980

Lot Details

  • 9,375 Sq Ft Lot
  • Home fronts a canal

HOA Fees

  • $23 Monthly HOA Fees

Home Design

  • Shingle Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 3,164 Sq Ft Home
  • Ceiling Fan
  • Single Hung Windows
  • Sliding Doors
  • Utility Room
  • Tile Flooring
  • Canal Views
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Split Bedroom Floorplan
  • 4 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Covered Parking
  • RV or Boat Parking

Outdoor Features

  • Seawall
  • Dock made with concrete
  • Screened Balcony
  • Screened Patio
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Community Sewer or Septic
  • Cable TV Available

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00453472-000500

Community Details

Overview

  • 3 Units
  • Port Largo Subdivision
  • RV Parking in Community

Recreation

  • Boat Ramp

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,689

Year Built

Built in 1980

Lot Details

9,375 Sq Ft Lot

HOA Fees

$23 per month

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Association Fee: 275.00
  • Mandatory HOA: No
  • Voluntary HOA: Yes
  • Dockage Dock: Concrete
  • Dockage Seawall: Concrete
  • Fee Includes: Other
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Key Largo
  • Limited Representation: Yes
  • Marathon Neighborhood: N/A
  • Mile Marker: 100.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Boat Ramp, Other Area Features
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 10689.42
  • Title: Title Ins - Buyer
  • Vehicle Storage: RV Parking Open, Trailer Storage, Covered Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 1980
  • Alternate Key Number: 1553590
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 9375.00
  • Porch Balcony: Screened P/B, Screened Patio
  • Association Maintenance Fee Per: Yearly
  • Shutters: Other
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 3164.00
  • Pre Wired: Cable
  • Financial Status Auction: No
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Split Bedroom, Built-in Cabinets, Smoke Alarms, Granite Counter Top
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Dishwasher, Stainless Steel Appliance(s), Oven, Refrigerator
  • Floor: Tile
  • Specialty Rooms: Utility Room
  • Windows/Doors: Single Hung Windows, Sliding Glass Doors
  • Total Bedrooms: 7
  • Accessibility Features: None
  • Sq Ft Remarks: Floor Living Area: 2,314Lower Level Finished: 850

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS, Concrete
  • Exterior Features: Storage
  • Roof: Shingle Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Security: No Security
  • Utilities: FKAA, Cable Available, Buyer to Verify, Sewer Available, Municipal Sewer, Community Swr Plant
  • Heating: Central

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00453472-000500
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.22

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2023

Multi Family

  • Total Units: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2024
Closed on
Apr 1, 2025
Sold by
Rodriguez Family Investment Co Ltd and Rodriguez Family Investment Partnership
Bought by
Villegas Michel Francois and Villegas Mabiet
Seller's Agent
TEAM Walters Gloria, Rachel and Michae
Ocean Sotheby's International Realty
Buyer's Agent
TEAM Walters Gloria, Rachel and Michae
Ocean Sotheby's International Realty
List Price
$2,699,000
Sold Price
$2,100,000
Premium/Discount to List
-$599,000
-22.19%
Views
48
Current Estimated Value
$2,210,946

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,946
Avg. Annual Appreciation
4.75%
Original Mortgage
$1,679,000
Outstanding Balance
$1,667,475
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$543,471

Purchase Details

Closed on
Sep 8, 2011
Sold by
Rodriguez Nora
Bought by
Rodriguez Family Investment Co Ltd

Purchase Details

Closed on
May 1, 1979
Bought by
Rodriguez Family Investment Co Ltd
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Villegas Michel Francois $2,100,000 Coral Reef Title
Villegas Michel Francois $2,100,000 Coral Reef Title
Rodriguez Family Investment Co Ltd -- Attorney
Rodriguez Family Investment Co Ltd -- Attorney
Rodriguez Nora -- Attorney
Rodriguez Eugenio G -- Attorney
Rodriguez Family Investment Co Ltd $32,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Villegas Michel Francois $1,679,000
Closed Villegas Michel Francois $1,679,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2025 04/01/25 Sold $2,100,000 -19.2% $664 / Sq Ft
01/28/2025 01/28/25 Pending -- -- --
07/09/2024 07/09/24 Price Changed $2,599,000 -3.7% $821 / Sq Ft
04/30/2024 04/30/24 For Sale $2,699,000 -- $853 / 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 $11,403 $1,618,418 $1,071,094 $547,324
2024 $10,689 $1,492,786 $1,010,156 $482,630
2023 $10,689 $1,464,814 $1,010,156 $454,658
2022 $9,462 $1,254,065 $796,875 $457,190
2021 $7,810 $724,827 $316,406 $408,421
2020 $8,242 $772,607 $353,906 $418,701
2019 $9,304 $900,981 $461,719 $439,262
2018 $9,489 $906,023 $461,719 $444,304
2017 $8,793 $825,588 $0 $0
2016 $8,735 $787,406 $0 $0
2015 $8,348 $728,503 $0 $0
2014 $7,950 $654,591 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 609804

Florida Keys Board of REALTORS®

APN: 00453472-000500

Florida Monroe County Key Largo 33037

237 Atlantic Blvd, Key Largo, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Keys Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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