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Canal-Front Waterfront Building Site
For Sale
$595,000

28597 Peg Leg Road, Little Torch Key, FL 33042

LAND - Little Torch Key, FL

Property SizeContact for details
Lot Size0.16 Acres
Days on Market49

Property Features for 28597 Peg Leg Road

General Information

Property type Land
Property subtype Other
Zoning IS - Improved Subivision
Subdivision Jolly Roger Estates (28.5)
Lot features Paved Street, Water Frontage, Corner Lot
View Ocean, Water
Directions Google Maps
Standard status Active
APN 00216780-000000
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description BK 12 LT 12 JOLLY ROGER ESTATES LITTLE TORCH KEY PB5-34 OR529-978 OR594-232 OR2655-1426 OR3315-1028
Tax Annual Amount 904
Legal Description BK 12 LT 12 JOLLY ROGER ESTATES LITTLE TORCH KEY PB5-34 OR529-978 OR594-232 OR2655-1426 OR3315-1028

Utilities

Water front 1
Listing Agency: Ocean Sotheby's International Realty
Listed By: Claudette Mell · License #3015412
Added: Jun 30 Changed: Jul 24 Last Checked: Aug 17 at 1:06AM
MLS# 620486

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.

Investment Insights

Based on property information with market context.

This canal-front corner lot in Little Torch Key is vacant and positioned for open water views. The purchase includes a building permit already in process, permit #SFDUP-2025-0111, with plans drawn for a 3,809-square-foot, four-bedroom, four-bathroom residence. A separate dock permit is also in process, permit #R-DOCK-2025-0302, and full architectural plans are included as part of the sale.

The property is located at Mile Marker 28.5 on Little Torch Key, about 28 miles from Key West, with quick no-bridge access to open water. The asset is identified as zoned for an improved subdivision under IS - Improved Subivision.

For buyers planning a waterfront build, this package supports a straightforward path to development with both residential and dock permitting underway and plans available from the outset. A local builder is ready to construct the residence to the buyer’s specifications, with price and terms to be negotiated.

Key Highlights

  • Vacant, canal‑front corner lot with open water views and a building permit already in process (Permit #SFDUP‑2025‑0111; holds 41.5 ROGO points).
  • Plans included for a 3,809 SF, 4‑bedroom, 4‑bath residence with open water views.
  • Dock permit in process with architectural plans included in the purchase (Permit #R‑DOCK‑2025‑0302).

Property Analytics

Current Use

Waterfront Land

Suggested Use

Top Pick Kitchen & Bath Showroom Building Supply Law Firm Spa & Massage Center Restaurant Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

32
Businesses Nearby

Demographics for 33042, FL

6,841
Population
4,835
Households
1.4
Avg Household Size
54
Median Age
45%
College-Educated
98%
High-School Grad
27.6 sq mi
ZIP Area
248
Density / Sq Mi
$101,625
Median Household Income
$49,747
Median Earnings
$2,252
Median Rent
$759,600
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Waterfront Land - Corner lot waterfront land with open water views and active permits for a custom residence and dock.
Where is this waterfront land located?
The property is located at 28597 Peg Leg Road Little Torch Key, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Vacant, canal‑front corner lot with open water views and a building permit already in process (Permit #SFDUP‑2025‑0111; holds 41.5 ROGO points).; Plans included for a 3,809 SF, 4‑bedroom, 4‑bath residence with open water views.; Dock permit in process with architectural plans included in the purchase (Permit #R‑DOCK‑2025‑0302).
More about this property
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