Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    180 Harborview Dr Key Largo, FL 33070

    Sponsored
    For Sale
    $2,300,000

    Vacant Land - Key Largo, FL

    Property size:
    776 SF
    Lot size:
    0.35 Acres
    Days on Market:
    6
    Last Refresh:
    Feb 28 at 6:06 am

    Property Features for 180 Harborview Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R1 - Residential Single Family
    APN
    00482260-000000
    Size
    776 SF
    Lot size
    0.35 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    JAMIE ENGEL

    Coldwell Banker Schmitt Islamorada (305) 664-4470

    Listing agent JAMIE ENGEL, PA (305) 664-4470 License #3125869

    Listing date Feb 23, 2026

    MLS# 618783 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.

    Learn more

    Property Insight Report

    Overview

    Bayfront Land with Redevelopment Potential

    Located at Mile Marker 92 in Tavernier, Florida, this property at 180 Harborview Drive is a 15,263 square foot open waterfront lot on the Florida Keys Bayside. The property includes an existing concrete block home with 2 bedrooms, 1 bathroom, and 776 square feet of living space. It features 91 feet of private waterfront, complete with a dock and a covered roof. The property is situated in a protected bayside setting with direct access to Florida Bay and is approximately 1 mile from Tavernier Creek, providing access to the Atlantic Ocean. The property offers the opportunity to live in the existing home or redevelop and build a custom bayfront home, with building rights already in place. The location is close to shopping, restaurants, and schools and is conveniently located to Tavernier Town Center, which includes a Winn-Dixie and dining options. It is located approximately one hour south of Miami.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Key Largo
    County
    Monroe
    State
    Florida
    Longitude
    -80.516899
    Latitude
    25.013101

    Nearby Similar for Sale

    • $14,900,000
      23,092 SF

      Turnkey Inn & Hospitality Investment

      Income-producing inn with development potential in prime Key Largo location.
      99202 Overseas Hwy, Key Largo, FL 33037
      View Details
    • $300,000

      Key Largo Vacant RV Lot

      Vacant RV lot in Key Largo Kampground & Marina.
      101551 Overseas Hwy, Key Largo, FL 33037
      View Details
    • Contact for pricing

      Key Largo Commercial Space Available

      5,457 sqft commercial space in Key Largo for lease.
      99451 Overseas Hwy, Key Largo, FL 33037
      View Details
    • $750,000
      2,197 SF

      Key Largo Multifamily Investment Opportunity

      Multifamily property with vacant lot near Tavernier park.
      185 Dove Lake Dr, Key Largo, FL 33070
      View Details
    • $13,499,000
      1.77 Acres

      Waterfront Property for Rehab/Assisted Living

      Waterfront property ideal for rehab center or assisted living facility.
      97340-60 Overseas Hwy, Key Largo, FL 33037
      View Details
    • New
      $799,000
      1,496 SF

      Updated Duplex Near Harry Harris

      Legal duplex near oceanfront park, updated with modern amenities.
      102 Harry Harris Dr, Key Largo, FL 33070
      View Details
    • $4,900,000

      Iconic Waterfront Restaurant and Bar

      Legendary waterfront restaurant/bar with long-term lease in Key Largo, FL.
      58000 Card Sound Rd, Key Largo, FL 33037
      View Details
    • $2,199,000

      Key Largo Restaurant with Drive-Through

      Profitable franchise with real estate and drive-through in Key Largo.
      92661 Overseas Hwy, Key Largo, FL 33037
      View Details
    • $1,250,000

      High-Visibility US1 Corner Lot Building

      Income-producing office building with growth potential on a US1 corner.
      103301 Overseas Hwy, Key Largo, FL 33037
      View Details
    • Contact for pricing

      Unfinished Retail Space Opportunity

      Second floor unfinished retail space available for sale.
      106600 Overseas Hwy, Key Largo, FL 33037
      View Details
    • Contact for pricing

      Highway Frontage Commercial Building

      Commercial building with highway frontage and additional rental options.
      106600 Overseas Hwy, Key Largo, FL 33037
      View Details
    • Contact for pricing

      Highway Frontage Commercial Building

      Commercial building with highway frontage and upstairs space for lease.
      106600 Overseas Hwy, Key Largo, FL 33037
      View Details

    FAQs

    What type of property is this?
    Waterfront Property - Waterfront lot with existing home and redevelopment opportunities.
    Where is this waterfront property located?
    The property is located at 180 Harborview Dr Key Largo, FL.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: - 91 feet of private waterfront with existing dock and covered roof.; - Direct boating access to Florida Bay and the Atlantic Ocean via Tavernier Creek.; - Large 15,263 sq ft bayfront lot with redevelopment potential and existing building rights.
    (305) 394-2500
    Request Owner's contact information
    180 Harborview Dr Key Largo, FL 33070
    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.
    180 Harborview Dr
    Key Largo, FL 33070
    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
    180 Harborview Dr Key Largo, FL 33070
    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

    We can help!
    Listing Contact
    JAMIE ENGEL
    Real Estate License ID: 3125869
    (305) 394-2500 (305) 664-4470
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!