Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Duck Key Land Ready to Build Title is generated by Realmo AI

    143 S Indies Drive, Duck Key, FL 33050

    View on Map
    Claim this Listing
    For Sale
    $415,000

    LAND - Duck Key, FL

    Lot size:
    0.22 Acres
    Added:
    Feb 8, 2026
    Days on Market:
    103
    Last Refresh:
    May 22 at 7:06 pm

    Property Features for 143 S Indies Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    IS - Improved Subivision
    Standard status
    Active
    APN
    00380120-000000
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    BK 5 LT 10 DUCK KEY CENTER ISLAND SEC 2 PART 1 TOMS HARBOR
    Tax Annual Amount
    1648

    We can help!

    Listing Contact
    AJ Vetter

    Listing agent AJ Vetter License #3296730

    Listing office Palm House Real Estate 150 Plantation Drive, Tavernier, FL

    Listing date Feb 8, 2026

    MLS# 618535 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

    • ROGO‑exempt buildable lot with secured, transferable development right (TBR) for immediate construction.
    • TBR does not expire, providing flexibility to build now or in the future.
    • Located one block from Club Duck Key, offering resort‑style amenities (pool, jacuzzi, tennis, pickleball, clubhouse).
    • Spacious corner lot on a desirable street in Duck Key.
    • Convenient access to Duck Key Marina for boating, fishing, and ocean activities.
    • Proximity to Hawks Cay Resort with dining, marina services, watersports, and spa amenities.

    Overview

    This property includes a transferable development right (TBR) that is already secured to the lot, making it ROGO-exempt and ready to build. The TBR does not expire, offering the flexibility to build now or later. Situated on a corner lot on a desirable street, the property is located one block from Club Duck Key, where members have access to a swimming pool, jacuzzi, tennis and pickleball courts, and a clubhouse. For boaters, the location provides access to Duck Key Marina and convenient access to the open water. Hawks Cay Resort is minutes away, offering dining, marina services, watersports, and spa amenities. Located in Duck Key, a community in the Middle Keys, known for its atmosphere, well-maintained homes, boating lifestyle, and access to both Marathon and Islamorada. The lot size is 0.22 acres. This is a chance to design and build a home on the only ROGO-exempt lot currently available on Duck Key.
    Property Profile 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
    -80.9107759
    Latitude
    24.7692653

    Nearby Similar for Sale

    • $399,000

      Cleared Corner Lot in Duck Key

      Cleared corner lot ready for your dream island retreat.
      223 Schooner Lane, Duck Key, FL 33050
      View Details
    • $475,000

      Vacant Land on Duck Key

      Rare opportunity to build a custom retreat on Duck Key.
      W Seaview Circle lot: 8, Duck Key, FL 33050
      View Details
    • $475,000

      Duck Key Vacant Land Opportunity

      Vacant land on Duck Key, build your dream retreat.
      W Seaview Circle lot: 9, Duck Key, FL 33050
      View Details
    • $2,150,000

      Duck Key Waterfront Residential Lot

      7,500 sq ft lot with 75 ft canal frontage.
      322 E Seaview Drive, Duck Key, FL 33050
      View Details
    • $4,400,000

      Duck Key Vacant Lot

      Vacant lot on Duck Key Island with open water views.
      318 E Seaview Circle, Duck Key, FL 33050
      View Details
    • $445,000

      Duck Key Land Opportunity

      Premier dry lot on Duck Key with active building permit.
      202 Barque Street, Duck Key, FL 33050
      View Details
    • $424,500

      Vacant Land Parcel on Duck Key

      Oversized vacant parcel with approved architectural plans on Duck Key.
      123 Bimini Drive, Duck Key, FL 33050
      View Details
    • $324,900

      Duck Key Oversized Lot

      Oversized lot in Duck Key with resort amenities.
      131 Bimini Drive, Duck Key, FL 33050
      View Details
    • $475,000

      Duck Key Waterfront Land Opportunity

      Vacant land on Duck Key, build your dream retreat.
      Lot 9 W Seaview Cir, Duck Key, FL 33050
      View Details
    • $475,000

      Duck Key Vacant Waterfront Land

      Rare opportunity to build a custom retreat on Duck Key.
      Lot 8 W Seaview Cir, Duck Key, FL 33050
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - ROGO-exempt corner lot ready for immediate construction.
    Where is this residential land & home lot located?
    The property is located at 143 S Indies Drive Duck Key, FL.
    What is the asking price?
    The asking price for this property is $415,000.
    What are key features of this property?
    This property features: ROGO‑exempt buildable lot with secured, transferable development right (TBR) for immediate construction.; TBR does not expire, providing flexibility to build now or in the future.; Located one block from Club Duck Key, offering resort‑style amenities (pool, jacuzzi, tennis, pickleball, clubhouse).
    (305) 304-8841
    We can help!
    Listing Contact
    AJ Vetter
    Real Estate License ID: 3296730
    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

    Thank You for Inquiry
    143 S Indies Drive, Duck Key, FL 33050
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!