Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    RV Lot with Concrete Seawall Title is generated by Realmo AI

    551-701 Spanish Main Dr, Cudjoe Key, FL 33042

    View on Map
    Claim this Listing
    For Sale
    $430,000

    RV lot in gated community with boating access.

    Type:Land
    Added:
    Mar 24, 2026
    Days on Market:
    69
    Last Refresh:
    May 19 at 11:24 pm

    Property Features for 551-701 Spanish Main Dr

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Kelly Gardner

    Listing agent Kelly Gardner

    Listing office Bluescape Real Estate

    Listing date Mar 24, 2026

    Source Exprealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Bluescape Real Estate

    HighLights

    • 35' concrete seawall offers quick boating access
    • Located in the desirable gated community of Venture Out
    • Active RV rental lot is ideal for investment income
    • Concrete pad, dock box, and fish cleaning station included
    • Golf‑cart‑friendly neighborhood features a marina and boat ramp
    • Enjoy the heated pool, tennis and pickleball courts, and the convenience of a community store

    Overview

    This RV lot features a 35' concrete seawall, providing quick boating access. The property includes a concrete pad, dock box, and fish cleaning station. Natural shade is present on the lot. Currently an active RV rental, the lot is suitable for investment income, retirement living, or an active lifestyle. It is located within the gated community of Venture Out on Cudjoe Key, a golf-cart-friendly neighborhood. Community amenities include a marina, heated pool, boat ramp, tennis and pickleball courts, and a community store.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Food Market Grocery & Convenience Store Building Supply Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cudjoe Key
    County
    Monroe
    State
    Florida
    Longitude
    -81.4743854
    Latitude
    24.6495796

    Nearby Similar for Sale

    • $1,349,000
      1,250 SF

      Cudjoe Key Commercial Real Estate

      Prime commercial property with highway frontage and redevelopment potential.
      21423 Overseas Highway, Cudjoe Key, FL 33042
      View Details
    • $975,000
      1,120 SF

      Cudjoe Key Commercial Building

      Commercial building with business and residential income potential.
      22814 Overseas Highway, Cudjoe Key, FL 33042
      View Details
    • $499,000

      Oceanfront Lot in Cudjoe Key

      Waterfront land with open-water views and potential for development.
      22552 Jolly Roger Drive, Cudjoe Key, FL 33042
      View Details
    • $499,000

      Oceanfront Land in Cudjoe Key

      Waterfront lot with open-water views in the Lower Keys.
      22552 Jolly Roger Drive, Cudjoe Key, FL 33042
      View Details
    • $275,000

      Cudjoe Key Waterfront Land

      Land available to build your Florida Keys dream home.
      1155 Thatch Lane, Cudjoe Key, FL 33042
      View Details
    • $500,000

      Cudjoe Key Commercial Land Opportunity

      3.05 acres in Cudjoe Key with US-1 frontage.
      4A Old State Road, Cudjoe Key, FL 33042
      View Details
    • $225,000

      Waterfront Land in Cudjoe Key

      Canal front lot in Cutthroat Harbor Estates, concrete columns.
      124 Cutthroat Drive, Cudjoe Key, FL 33042
      View Details
    • $50,000

      Cudjoe Key Oceanfront Vacant Lot

      Oceanfront vacant lot in Cudjoe Key, Florida. Great investment potential.
      Bk 14 Lt 1 Vacant Land, Cudjoe Key, FL 33042
      View Details
    • $45,000

      Cudjoe Key Tier 3 Lot

      Cudjoe Key lot for ROGO donation use.
      BK 15 LT 13, Cudjoe Key, FL 33042
      View Details
    • $45,000

      Cudjoe Key Land For Sale

      Tier 3 lot in Cudjoe Key, ROGO Donation use.
      Bk 15 LT 5, Cudjoe Key, FL 33042
      View Details
    • $45,000

      Land in Cudjoe Key, FL

      Tier 3 lot for ROGO donation use.
      BK 15 LT 6, Cudjoe Key, FL 33042
      View Details
    • $2,000,000
      786 SF

      Cudjoe Key Commercial Land

      1.56 acre commercial land with US1 frontage.
      22732 Overseas Highway, Cudjoe Key, FL 33042
      View Details

    FAQs

    What type of property is this?
    Land - RV lot in gated community with boating access.
    Where is this land located?
    The property is located at 551-701 Spanish Main Dr Cudjoe Key, FL.
    What is the asking price?
    The asking price for this property is $430,000.
    What are key features of this property?
    This property features: 35' concrete seawall offers quick boating access; Located in the desirable gated community of Venture Out; Active RV rental lot is ideal for investment income
    (305) 203-2537
    We can help!
    Listing Contact
    Kelly Gardner
    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

    Thank You for Inquiry
    551-701 Spanish Main Dr, Cudjoe Key, FL
    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!