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Mixed-Use Property with Residence

98640 Overseas Highway, Key Largo, FL 33037

For Sale
New
$2,850,000

Commercial Sale, Key Largo, FL

Property Size1,020 SF
Lot Size1.09 Acres
Price / SF$2,794
Days on Market2

Property Features for 98640 Overseas Highway

General Information

Property type Commercial Sale
Property subtype Other
Zoning RL - Residential Low
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1
Appliances No Appliances
Subdivision Rock Harbor Manor (97.0)
Standard status Active
APN 00521490000100
Size 1,020 SF
Lot size 1.09 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Lt 17 & Adj Fill Bay Btm Rock Harbor Manor Pb2-54 Key Largo Or493-32 74-219P Or617-674 Re:521490-00000 Combined For Exem
Tax Annual Amount 33415
Legal Description Lt 17 & Adj Fill Bay Btm Rock Harbor Manor Pb2-54 Key Largo Or493-32 74-219P Or617-674 Re:521490-00000 Combined For Exem

Utilities

Cooling system Central Air
Water front 1

Building Details

Year built 1974
Building materials Combo Construction
Listing Agency: RE/MAX City Centre Realty
Listed By: David Vina · License FL #3227265
Added: Nov 12 Last Checked: Nov 13 at 1:06AM
MLS# 622048

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.

Rey
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Investment Insights

Based on property information with market context.

This mixed-use property includes a 1,020-square-foot dwelling built in 1974, with two bedrooms, two bathrooms, and central air. Monroe County recognizes the residential unit as lawfully established and eligible for replacement without a new residential ROGO allocation, subject to applicable development approvals.

The property fronts Overseas Highway in Key Largo and has waterfront exposure. Existing residential and commercial activity may continue subject to applicable restrictions, according to the seller.

Key Highlights

  • 1,020‑square‑foot dwelling with two bedrooms and two bathrooms
  • Monroe County recognizes the residential unit as lawfully established
  • Residential replacement may proceed without a new ROGO allocation, subject to applicable development approvals

Property Analytics

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Current Use

Markito Pizza Restaurant Ocean Blue Boat ... General Contractor EMD Supply Big Box & Wholesale Store

Suggested Use

Top Pick Auto Repair Shop Dental Office Electrical Service Hair Salon Kitchen & Bath Showroom Building Supply

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

422
Businesses Nearby

Demographics for 33037, FL

13,875
Population
10,494
Households
1.3
Avg Household Size
53
Median Age
41%
College-Educated
95%
High-School Grad
32.9 sq mi
ZIP Area
422
Density / Sq Mi
$80,911
Median Household Income
$40,641
Median Earnings
$1,896
Median Rent
$660,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Mixed-use properties in Monroe County, FL

$566 Jul
$549 Aug
$909 Sep
$823 Oct

Properties on Market for Mixed-use properties in Monroe County

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Mixed-use property - A two-bedroom residence with central air sits along Overseas Highway, with waterfront exposure and a county-recognized residential replacement allowance.
Where is this mixed-use property located?
The property is located at 98640 Overseas Highway Key Largo, FL.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 1,020‑square‑foot dwelling with two bedrooms and two bathrooms; Monroe County recognizes the residential unit as lawfully established; Residential replacement may proceed without a new ROGO allocation, subject to applicable development approvals
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