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    Duck Key Canal Frontage Lot Title is generated by Realmo AI

    322 E Seaview Drive, Duck Key, FL 33050

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    For Sale
    $2,150,000

    Vacant Land - Duck Key, FL

    Added:
    Mar 23, 2026
    Days on Market:
    57
    Last Refresh:
    May 18 at 6:06 pm

    Property Features for 322 E Seaview Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    SR - Sub Urban Residential District
    Standard status
    Active
    APN
    00384240-000000

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    9957.55

    Utilities

    Water front features
    Canal Front, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Joseph Suarez

    Listing agent Joseph Suarez License #3366522

    Listing office Trustpoint Realty, LLC 15207 NW 60 Ave., Miami Lakes, FL

    Listing date Mar 23, 2026

    MLS# 617274 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

    • Yacht‑accessible, deep‑water canal frontage (100 ft depth) on the ocean side with 75 ft of canal frontage.
    • ROGO permit is grandfathered in, allowing immediate construction.
    • Fully approved dock plans are included.
    • Potential for uninterrupted open‑ocean views from a three‑story home.
    • Access to exclusive clubhouse with tennis courts and nearby Hawks Cay Resort amenities (dining, marina, dolphin encounters).
    • Prime location near Grassy Key sandbar, fishing spots, reefs, and bay‑side access.

    Overview

    This 7,500 sq ft residential lot is located on Duck Key Island. It features 75 ft of canal frontage and a deep-water canal depth of 100 ft on the ocean side, with clear waters and yacht accessibility. The property benefits from a grandfathered ROGO permit, allowing immediate construction without waiting. Fully approved dock plans are included. A three-story home built on this lot will offer open-ocean views over the cul-de-sac. The location provides access to an exclusive clubhouse with tennis courts and proximity to Hawks Cay Resort, offering opportunities to swim with dolphins, dine at restaurants, and utilize a full-service marina for boat storage. The lot is situated minutes from the Grassy Key sandbar, with deep drops for fishing, close to reefs and Islamorada humps, and near bridges for bay-side access. Owner financing is available. The zoning is SR - Sub Urban Residential District.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Nail Salon Hotel & Motel Gym & Fitness Center Bar & Pub Bed & Breakfast Arcade & Gaming Center Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Duck Key
    County
    Monroe
    State
    Florida
    Longitude
    -80.9100129
    Latitude
    24.7685694

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    FAQs

    What type of property is this?
    Land - 7,500 sq ft residential lot with yacht access.
    Where is this land located?
    The property is located at 322 E Seaview Drive Duck Key, FL.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: Yacht‑accessible, deep‑water canal frontage (100 ft depth) on the ocean side with 75 ft of canal frontage.; ROGO permit is grandfathered in, allowing immediate construction.; Fully approved dock plans are included.
    (305) 300-2804
    We can help!
    Listing Contact
    Joseph Suarez
    Real Estate License ID: 3366522
    Learn More
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    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.

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