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

    971 Valencia Key, Largo, FL 33037

    View on Map
    Claim this Listing
    For Sale
    $275,000

    LAND - Largo, FL

    Property size:
    1,600 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $171/SF
    Added:
    Apr 6, 2026
    Days on Market:
    45
    Last Refresh:
    May 20 at 10:06 am

    Property Features for 971 Valencia Key

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    00545440-000000
    Size
    1,600 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    BK 1 LT 9 WINSTON PARK SUB PB4-104 KEY LARGO OR297-77 OR644-744 OR725-791/92 OR833-810 OR833-811 OR896-1608 OR998-1330 OR1124-587 OR1325-110 OR2034-1098 OR2470-521/22 OR2672-299 OR2749-659/60 OR2961-1594
    Tax Annual Amount
    1674

    We can help!

    Listing Contact
    Sean Seward
    Sean Seward

    Listing agent Sean Seward License #281523078

    Listing office Keller Williams Island Life RE 206 Harbor Drive S, Venice, FL

    Listing date Apr 6, 2026

    MLS# 2026015979 Listing URL

    Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Build‑Ready Homesite: Cleared lot with foundation and structural pillars already in place.
    • Rare Building Opportunity: Bypass the lengthy wait associated with ROGO restrictions in the Florida Keys.
    • Architectural Plans Included: Available plans for a 3‑bedroom, 2‑bathroom, 1,600 sq ft residence.
    • Prime Location: Situated in Key Largo, blocks from John Pennekamp Coral Reef State Park.
    • Proximity to Amenities: Enjoy world‑class diving, snorkeling, and the full Florida Keys lifestyle.
    • Convenient Access: One hour from Miami.

    Overview

    This is a cleared 0.12-acre homesite located in Largo, Florida. It features a poured foundation and structural pillars already in place. Architectural plans are available for a 1,600 sq ft residence with 3 bedrooms and 2 bathrooms, though these plans require recertification through Monroe County before construction can resume. The property offers the right to build, which is valuable due to the Rate of Growth Ordinance (ROGO) that limits new construction permits in the Florida Keys. This parcel allows you to bypass the typical waiting period for building opportunities. The property is located blocks from John Pennekamp Coral Reef State Park, offering access to diving, snorkeling, and the Florida Keys lifestyle. It is one hour from Miami. All permit and plan recertification must be independently verified by the buyer. The intended use of the property is residential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -80.3918
    Latitude
    25.2553

    Nearby Similar for Sale

    • $1,785,000
      3,520 SF

      Mixed-Use Development Opportunity in Largo

      High-traffic location suitable for retail, medical, or flex development.
      191 BELCHER ROAD S, LARGO, FL 33771
      View Details
    • $560,000
      1,526 SF

      Renovated Professional Office in Largo

      Move-in ready office with functional layout and high visibility.
      12574 INDIAN ROCKS ROAD, LARGO, FL 33774
      View Details
    • $3,850,000
      20,547 SF

      Largo Office Building For Sale

      20,000 SF office building with strong cash flow.
      2700 E BAY DRIVE, LARGO, FL 33771
      View Details
    • $640,000
      2,660 SF

      Medical Office Duplex Near Hospital

      Medical office duplex near HCA Largo West Hospital.
      2101 INDIAN ROCKS ROAD S, LARGO, FL 33774
      View Details
    • $399,007
      2,151 SF

      Largo Triplex Income Property

      Income-producing triplex near transportation, shopping, and beaches in Largo, Florida.
      1705 N JEFFERSON AVENUE, LARGO, FL 33770
      View Details
    • $435,000
      1,718 SF

      Largo Duplex with Long-Term Tenants

      Well-maintained duplex with long-term tenants and separate utilities.
      118 LAKE AVENUE SE, LARGO, FL 33771
      View Details
    • $495,999
      2,294 SF

      Largo Duplex Near Beaches

      Duplex in Largo, close to beaches, shopping, and Pinellas Trail.
      616 HERITAGE LANE, LARGO, FL 33770
      View Details
    • $379,900
      1,650 SF

      Largo Duplex: Income Opportunity

      Income-generating duplex near Gulf beaches, ideal for house hacking.
      3760 135TH AVENUE, LARGO, FL 33771
      View Details
    • $389,900

      Largo Land Ready to Build

      Half-acre lot in desirable Seminole/Largo area, ready for building.
      10850 OAKHURST ROAD, LARGO, FL 33774
      View Details
    • $890,000
      3,212 SF

      Free Standing Office Building

      3,212 SF office building on a 0.46-acre corner lot.
      550 E BAY Dr, Largo, FL 33770
      View Details
    • $799,900

      Residential Development Opportunity Near Taylor Park

      Land suitable for residential development near Largo's Taylor Park.
      1200 8TH AVENUE SW, LARGO, FL 33770
      View Details
    • $950,000
      43,142 SF

      Prime Largo Location Vacant Lot

      0.99 acre vacant lot in Largo, Florida.
      300 STARKEY ROAD, LARGO, FL 33771
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Cleared homesite with foundation in place, ready for construction.
    Where is this residential land & home lot located?
    The property is located at 971 Valencia Key Largo, FL.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Build‑Ready Homesite: Cleared lot with foundation and structural pillars already in place.; Rare Building Opportunity: Bypass the lengthy wait associated with ROGO restrictions in the Florida Keys.; Architectural Plans Included: Available plans for a 3‑bedroom, 2‑bathroom, 1,600 sq ft residence.
    (941) 525-8083
    We can help!
    Listing Contact
    Sean Seward
    Sean Seward
    Real Estate License ID: 281523078
    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
    971 Valencia Key, Largo, FL 33037
    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!