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    104000 Overseas Highway Key Largo, FL 33037

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    Pending
    $299,000

    MULTI_FAMILY - Key Largo, FL

    Property size:
    2,300 SF
    Added:
    Jan 29, 2026
    Days on Market:
    90
    Last Refresh:
    Apr 29 at 2:06 am

    Property Features for 104000 Overseas Highway

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 3, Laundry Room
    Parking features
    Open, Assigned, Guest
    Window features
    Blinds
    Patio and Porch features
    Deck
    Pets allowed
    Breed Restrictions, Yes
    Interior features
    Bedroom Layout - Stacked, Elevator, Entrance Foyer, Kitchen Island, Storage, Walk-In Closet(s)
    Exterior features
    Balcony, Barbecue
    Accessibility
    Accessible Elevator Installed
    Appliances
    Electric Water Heater, Dishwasher, Disposal, Dryer, Electric Range, Ice Maker, Microwave, Refrigerator, Washer, Water Heater
    Standard status
    Pending
    Size
    2,300 SF

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    THE RESIDENCE CLUB AT FISHERMAN'S COVE CONDOMINIUM UNDIVIDED 1/8 INT UNIT 1

    Utilities

    Utilities
    Cable Available
    Heating system
    Electric (Heating)
    Cooling system
    Electric, Ceiling Fan(s)
    Water front features
    Ocean Access, Seawall
    Water front
    1

    Building Details

    Year built
    2008
    Floors in Building
    3
    Flooring type
    Tile
    Building materials
    Block
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Christopher P Williams

    Listing agent Christopher P Williams License #3191684

    Listing office RE/MAX Preferred 2765 E Oakland Park Blvd, Fort Lauderdale, FL

    Listing date Jan 29, 2026

    MLS# F10549093 Listing URL

    Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Luxury Residences at Fisherman's Cove

    The Residence Club at Fisherman's Cove offers fractional ownership of six fully furnished, designer-decorated residences. Each residence features 3 bedrooms and 3 bathrooms within a 2,300 +/- square foot layout. A large 450 square foot balcony wraps each unit, providing views of Blackwater Sound and the resort-style pool. Owners have access to the pool, tiki cabanas, and a private owner's deck for sunset views. The property includes access to two boats: a 26' Sea Fox and a 24' Contender. The six private residences are located above Jimmy Johnson's Big Chill in Key Largo, FL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Keys Adventures Watersports (Bike/Boat/Book/etc) Store Jimmy Johnson's Fisherman's ... Hotel & Motel Jimmy Johnson Championship ... Fishing Club Enrico's Pizza Key ... Restaurant Jimmy Johnson's Big ... Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Key Largo
    County
    Monroe
    State
    Florida
    Longitude
    -80.397721
    Latitude
    25.144179

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    FAQs

    What type of property is this?
    Resort - Fractional ownership of designer-decorated residences with resort-style amenities.
    Where is this resort located?
    The property is located at 104000 Overseas Highway Key Largo, FL.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Fractional ownership of a luxury 3‑bedroom/3‑bathroom residence in Key Largo.; Access to **two boats**: a 26' Sea Fox and a 24' Contender.; Weekly usage of a fully furnished and designer‑decorated 2,300 sq ft residence.
    (954) 830-2242
    We can help!
    Listing Contact
    Christopher P Williams
    Real Estate License ID: 3191684
    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.

    More about this property
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