UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential Lot
Listing Status Active
Purchase Type For Sale
Subdivision Acreage
MLS Listing ID 2026015979
HOA Y/N No
Annual Tax Amount $1,673
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Residential Lot
Source Florida Gulf Coast
Property Description
One of the rarest finds in the Florida Keys — a cleared homesite in Key Largo with construction already underway. Foundation poured, structural pillars in place, and architectural plans available for a 3-bedroom, 2-bathroom, 1,600 sq ft residence. Plans require recertification through Monroe County prior to resuming construction.
The real value here is what money cannot simply buy in Monroe County: the right to build. ROGO — the state's Rate of Growth Ordinance — strictly limits new construction permits throughout the Florida Keys, with allocations nearly exhausted and a potential moratorium on the horizon. Most buyers wait years for the opportunity to build here. This parcel puts you ahead of that line.
Located blocks from John Pennekamp Coral Reef State Park, the first underwater park in the United States, with world-class diving, snorkeling, and the full Florida Keys lifestyle at your doorstep. One hour to Miami.
All permit and plan recertification to be independently verified by buyer.
Location
State FL
County Monroe
Area Oa01 - Out Of Area
Direction From Mahogany Dr head west to Valencia Key , property on the left side of the road.
Exterior
Community Features Non-Gated
Utilities Available Electricity Available
Waterfront Description None
View Y/N No
View None/Other
Present Use Single Family
Street Surface Paved
Private Pool No
Building
Lot Description Regular
Faces From Mahogany Dr head west to Valencia Key , property on the left side of the road.
Sewer None
Water None
Others
HOA Fee Include None
Tax ID 00545440-000000
Acceptable Financing Buyer Finance/Cash
Listing Terms Buyer Finance/Cash
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2026015979
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