Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Key Largo Income Property Title is generated by Realmo AI

    125 127 Casa Court Drive, Key Largo, FL 33070

    View on Map
    Claim this Listing
    For Sale
    $785,000

    MULTI_FAMILY - Key Largo, FL

    Property size:
    1,824 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $430/SF
    Added:
    Feb 26, 2026
    Days on Market:
    85
    Last Refresh:
    May 22 at 5:06 pm

    Property Features for 125 127 Casa Court Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R2 - Residential Duplex
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bathroom 4, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 3
    Pets allowed
    Yes
    Appliances
    More Appliances, Dryer, Dishwasher, Oven
    Standard status
    Active
    APN
    00481280-000000
    Size
    1,824 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    BK A LT 6 ADOBE CASA COURT KEY LARGO PB5-17 OR619-415/17 OR788-854/55 OR791-986/87 OR821-215 OR844-1322 OR844-1323 OR866
    Tax Annual Amount
    5911

    Building Details

    Year built
    1981
    Floors in Building
    1
    Number of units
    2
    Building materials
    CBS
    Roof type
    Metal

    We can help!

    Listing Contact
    Kim Harrington

    Listing agent Kim Harrington License #3098356

    Listing office LoKation Real Estate-Tavernier South 90290 Overseas Hwy Suite 102, Tavernier, FL

    Listing date Feb 26, 2026

    MLS# 618846 Listing URL

    Copyright © 2026 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Rare Tier 3 Legal Duplex (R2 Zoning) in Tavernier, Key Largo offering exceptional income potential.
    • New Metal Roof (installed in 2025) and CBS construction.
    • Two units, each with 2 bedrooms and 2 full bathrooms, and private fenced backyards.
    • Located on the desirable Bayside (MM 94) with easy access to local dining and world‑class boating.
    • High ground property - flood insurance not required.
    • Long‑term tenants in place (5+ years each) who wish to remain, providing immediate rental income.

    Overview

    Located in Key Largo, Florida, this duplex property presents an investment opportunity. The property, zoned R2, features two units, each containing two bedrooms and two full bathrooms. Each unit includes a private, fenced backyard. Constructed as a CBS building, the property benefits from a new metal roof installed in 2025. The property is located in the Adobe Casa subdivision on the Bayside (MM 94). The property's R2 zoning and Tier 3 status enhance its value as an asset. The property is subject to a 28-day minimum rental rule. The current long-term tenants have resided in the property for over five years and are open to remaining after the sale. The property does not require flood insurance. The property size is 1824 square feet and the lot size is 0.17 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Key Largo
    County
    Monroe
    State
    Florida
    Longitude
    -80.496541
    Latitude
    25.03957

    Nearby Similar for Sale

    • $2,995,000
      6,241 SF

      Prime US-1 Mixed-Use Opportunity

      Mixed-use commercial building with highway frontage in Tavernier, Florida.
      92295 Old State Road, Key Largo, FL 33070
      View Details
    • $2,965,000
      2,400 SF

      Key Largo Commercial Investment Opportunity

      2,400 SF building with adjacent lot in Key Largo.
      102970 Overseas Highway, Key Largo, FL 33037
      View Details
    • $2,890,000
      3,112 SF

      Oceanfront Compound with Concrete Dock

      Unique oceanfront property with two homes and a 276-foot dock.
      34 Atlantic Drive, Key Largo, FL 33037
      View Details
    • $799,000
      1,496 SF

      Key Largo Legal Duplex

      Updated duplex near Harry Harris Park, generating $5350 monthly.
      102 Harry Harris Drive, Key Largo, FL 33070
      View Details
    • $1,469,000
      2,562 SF

      Key Largo Commercial Property For Sale

      Prime commercial property with US-1 frontage in the heart of Tavernier.
      91760 Overseas Highway, Key Largo, FL 33070
      View Details
    • $2,850,000
      1,075 SF

      Key Largo Commercial Property For Sale

      Commercial property with marina license and highway frontage in Key Largo.
      98468 Overseas Highway, Key Largo, FL 33037
      View Details
    • $1,790,000
      4,910 SF

      Key Largo Mixed-Use Property

      High-visibility mixed-use property with commercial storefront and residential apartment.
      100636 Overseas Highway, Key Largo, FL 33037
      View Details
    • $4,900,000
      7,026 SF

      Iconic Waterfront Restaurant and Bar

      Legendary waterfront bar and restaurant in Key Largo, Florida.
      58000 Card Sound Road, Key Largo, FL 33037
      View Details
    • $14,550,000
      23,092 SF

      Key Largo Inn Investment Opportunity

      Turnkey inn with development potential in Key Largo, Florida.
      99202 Overseas Highway, Key Largo, FL 33037
      View Details
    • $13,499,000
      20,084 SF

      Waterfront Property Ideal for Rehab

      Premier 1.77-acre waterfront property suited for luxury healthcare.
      97340-60 Overseas Highway, Key Largo, FL 33037
      View Details
    • $3,350,000

      Dockominium in Ocean Reef Club

      Premier dockominium for up to 80' vessel in Key Largo.
      201 Ocean Reef Drive, Key Largo, FL 33037
      View Details
    • $4,000,000
      4,000 SF

      Key Largo Auto/Marine Repair Facility

      Turnkey auto and marine repair facility on Overseas Highway.
      98250 Overseas Hwy, Key Largo, FL 33037
      View Details

    FAQs

    What type of property is this?
    Duplex - Income-generating duplex in Key Largo with long-term tenants.
    Where is this duplex located?
    The property is located at 125 127 Casa Court Drive Key Largo, FL.
    What is the asking price?
    The asking price for this property is $785,000.
    What are key features of this property?
    This property features: Rare Tier 3 Legal Duplex (R2 Zoning) in Tavernier, Key Largo offering exceptional income potential.; New Metal Roof (installed in 2025) and CBS construction.; Two units, each with 2 bedrooms and 2 full bathrooms, and private fenced backyards.
    (305) 741-1480
    We can help!
    Listing Contact
    Kim Harrington
    Real Estate License ID: 3098356
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    125 127 Casa Court Drive, Key Largo, FL 33070
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!