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    199 Morris Ave Key Largo, FL 33037

    For Sale
    $5,000,000

    Marina,Other Services - Key Largo, FL

    Days on Market:
    9
    Last Refresh:
    Dec 13 at 3:06 pm

    Property Features for 199 Morris Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    SC - Sub Urban Commercial District
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    00572820-000000
    Parking features
    Guest
    Appliances
    None

    Utilities

    Water front features
    Canal Front, Oceanfront, Waterfront
    Water front
    1

    Building Details

    Year built
    1985
    Architectural style
    Other

    RE/MAX All Keys Real Estate (305) 451-0060

    Listing agent Gregory Dully (305) 451-0060 License #3420625

    Listing date Dec 5, 2025

    MLS# 613440 Listing URL

    Copyright © 2025 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.

    Overview

    Oceanside Marina in Florida Keys

    This Oceanside Marina, situated in the Florida Keys, offers an investment and boating opportunity. It features 650 feet of deep-water dockage and a 7-foot control depth. An on-site boat ramp accommodates various vessels, providing access to fishing, diving, and cruising destinations. Located near Miami, Homestead, Ocean Reef, and Key Largo attractions, the property offers both seclusion and accessibility. The marina includes 16 separately deeded boat slips suitable for individual ownership or rental income. Ample boat and trailer parking is available. Additionally, the property features seven RV pads for extended waterfront stays, enhancing income potential. Combining deeded slips, RV accommodations, a boat ramp, and dockage, this marina is located in a coastal location. This property is suitable for investors seeking waterfront real estate or boating enthusiasts looking for a homeport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ocean Blue Marina Marina

    Suggested Use

    Restaurant Realty agency Hotel & Motel Storage Facility Furniture Store Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Key Largo
    County
    Monroe
    State
    Florida
    Longitude
    -80.431838
    Latitude
    25.236173

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    FAQs

    What type of property is this?
    Marina - Marina with deep-water dockage, RV pads, and investment potential.
    Where is this marina located?
    The property is located at 199 Morris Ave Key Largo, FL.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: - **650 feet of deep-water dockage with a 7-foot control depth, accommodating a wide range of vessels.**; - 16 separately deeded boat slips offering individual ownership or rental income potential.; - Prime location in the Florida Keys, providing access to world-class fishing, diving, and cruising destinations.
    (305) 451-0060
    Request Owner's contact information
    199 Morris Ave Key Largo, FL 33037
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    Realmo Value Estimation

    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.

    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.

    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
    199 Morris Ave Key Largo, FL 33037
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