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

    29859 Overseas Highway Big Pine Key, FL 33043

    View on Map
    Claim this Listing
    New
    For Sale
    $185,000

    Vacant Land - Big Pine Key, FL

    Added:
    Apr 15, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 16 at 1:06 am

    Property Features for 29859 Overseas Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    SR - Sub Urban Residential District
    Standard status
    Active
    APN
    00111882-006300

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    1748.51

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Steven Koleno
    Steven Koleno

    Listing agent Steven Koleno License #3469487

    Listing office Beycome of Florida, LLC 400 NW 26th St., Miami, FL

    Listing date Apr 15, 2026

    MLS# 613562 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.

    Overview

    Big Pine Key Vacant Land

    This property in Big Pine Key, Florida, consists of residential land and home lots. Zoned SR - Sub Urban Residential District, it offers a rare opportunity to acquire a transferable ROGO exemption, unlocking the ability to build on an oceanfront lot. This exemption provides a unique opportunity to obtain building rights in the Florida Keys, allowing the construction of a dream home with no wait time. The property is eligible for use in Unincorporated Monroe County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Big Pine Key
    County
    Monroe
    State
    Florida
    Longitude
    -81.365789
    Latitude
    24.6710512

    Nearby Similar for Sale

    • $895,000

      Commercially Zoned Lots in Big Pine

      Six contiguous commercially zoned lots totaling approximately 31,500 square feet.
      30582 5th Avenue, Big Pine Key, FL 33043
      View Details
    • $3,100,000

      High-Visibility Commercial Property For Sale

      Prime commercial property with high-visibility frontage on Overseas Highway.
      30330 - 30348 Overseas Highway, Big Pine Key, FL 33043
      View Details
    • $987,500
      1,536 SF

      Waterfront Duplex in Big Pine

      Waterfront duplex with boating access, seawall, and investment potential.
      3962-3964 No Name Road, Big Pine Key, FL 33043
      View Details
    • $3,500

      Big Pine Key Office Space

      Professional office space on Overseas Highway in Big Pine Key.
      29872 Overseas Highway, Big Pine Key, FL 33043
      View Details
    • $749,000
      1,924 SF

      Income Producing Duplex, Big Pine

      Income-producing duplex with boating access in Big Pine Key, Florida.
      1433 Sunset Road, Big Pine Key, FL 33043
      View Details
    • $895,000

      Big Pine Key Vacant Land

      Extra large lot with open water view and active building permit.
      30988 Witters Lane, Big Pine Key, FL 33043
      View Details
    • $1,395,000

      Waterfront Land on Big Pine Key

      Rare 2.29-acre waterfront parcel with bay bottom rights.
      1261 Avenue A, Big Pine Key, FL 33043
      View Details
    • $120,000

      Vacant Land in Big Pine

      Vacant land parcel off US-1 with commercial potential.
      Lot 6 Vacant Land, Big Pine Key, FL 33043
      View Details
    • $920,000

      Commercial Land in Big Pine

      Commercial zoned wooded lot in Big Pine Key, Florida.
      Overseas N Us Highway 1, Big Pine Key, FL 33043
      View Details
    • $279,999

      Cleared Land in Big Pine

      Cleared land in excellent neighborhood with approved house plans.
      30351 Flamingo Lane, Big Pine Key, FL 33043
      View Details
    • $3,500,000
      8,810 SF

      NNN Leased Property in Keys

      100% NNN leased property with a national A-rated tenant.
      30251 Overseas Hwy, Big Pine Key, FL 33043
      View Details
    • $3,100,000
      5,250 SF

      High-Visibility Commercial Property on Overseas Highway

      Commercial property with 5,250 SF retail space on 35,475 SF land.
      30330 - 30348 Overseas Highway, Big Pine, FL 33043
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Transferable ROGO exempt building right eligible for use.
    Where is this residential land & home lot located?
    The property is located at 29859 Overseas Highway Big Pine Key, FL.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: Transferable ROGO Exempt Building Right included; Eligible for use in Unincorporated Monroe County; Enables immediate building on oceanfront lot
    (844) 239-2663
    We can help!
    Listing Contact
    Steven Koleno
    Steven Koleno
    Real Estate License ID: 3469487
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!