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

    Lakeview and Poinciana Drive, Key Largo, FL 33037

    View on Map
    Claim this Listing
    For Sale
    $225,000

    LAND - Key Largo, FL

    Lot size:
    0.11 Acres
    Added:
    Jul 9, 2025
    Days on Market:
    318
    Last Refresh:
    May 22 at 9:06 pm

    Property Features for Lakeview and Poinciana Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    IS - Improved Subivision
    Standard status
    Active
    APN
    00528250-000000
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    BK 23 LT 4 AMD PLAT OF PB3-62 KEY LARGO PARK KEY LARGO OR119-472 OR839-448 OR1382-2483 OR2411-2370/71LIS/PEN OR2411-237
    Tax Annual Amount
    663

    We can help!

    Listing Contact
    Aryl Robison
    Aryl Robison

    Listing agent Aryl Robison License #3148458

    Listing office RE/MAX All Keys Real Estate 98880 Overseas Hwy., Key Largo, FL

    Listing date Jul 9, 2025

    MLS# 615725 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

    • Two connected lots (5,000 sq. ft.) in Key Largo Park subdivision, offering design flexibility.
    • Potential to build up to two homes or one expansive island retreat.
    • Opportunity to purchase two adjacent parcels for expanded development.
    • Optional homeowner's park membership with beach, boat ramp, bayfront, tiki hut, and volleyball access.
    • Located in a desirable area surrounded by established homes, some with bay views.
    • Convenient access to both Lakeview Drive and Poinciana Drive.

    Overview

    Located in the Key Largo Park subdivision, this property features two connected lots totaling 5,000 sq. ft. Each lot measures 2,500 sq. ft. (50' x 50'). One lot fronts Lakeview Drive, and the other fronts Poinciana Drive. The lots stretch from street to street, offering access and design flexibility. The property is suitable for building up to two individual homes or creating one expansive island retreat with space for outdoor living. The surrounding area features established homes, many with bay views from rooftop decks or top floors. Two adjacent parcels, also totaling 5,000 sq. ft., are available for sale, providing the opportunity for expanded development. An optional membership in the private homeowner's park is available for either $360 per year, granting access to the beach, boat ramp, bayfront, tiki hut, and volleyball, or for $250 per year, granting access to everything except the boat ramp. The property is located in Key Largo, Florida.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Key Largo
    County
    Monroe
    State
    Florida
    Longitude
    -80.433915
    Latitude
    25.104987

    Nearby Similar for Sale

    • $2,995,000
      6,241 SF

      Prime US-1 Mixed-Use Opportunity

      Mixed-use commercial building with highway frontage in Tavernier, Florida.
      92295 Old State Road, Key Largo, FL 33070
      View Details
    • $2,965,000
      2,400 SF

      Key Largo Commercial Investment Opportunity

      2,400 SF building with adjacent lot in Key Largo.
      102970 Overseas Highway, Key Largo, FL 33037
      View Details
    • $2,890,000
      3,112 SF

      Oceanfront Compound with Concrete Dock

      Unique oceanfront property with two homes and a 276-foot dock.
      34 Atlantic Drive, Key Largo, FL 33037
      View Details
    • $799,000
      1,496 SF

      Key Largo Legal Duplex

      Updated duplex near Harry Harris Park, generating $5350 monthly.
      102 Harry Harris Drive, Key Largo, FL 33070
      View Details
    • $1,469,000
      2,562 SF

      Key Largo Commercial Property For Sale

      Prime commercial property with US-1 frontage in the heart of Tavernier.
      91760 Overseas Highway, Key Largo, FL 33070
      View Details
    • $2,850,000
      1,075 SF

      Key Largo Commercial Property For Sale

      Commercial property with marina license and highway frontage in Key Largo.
      98468 Overseas Highway, Key Largo, FL 33037
      View Details
    • $2,495,000
      4,778 SF

      Oceanfront Lot Ready to Build

      Permitted oceanfront lot in Key Largo's Buccaneer Point.
      116 N Bounty Lane, Key Largo, FL 33037
      View Details
    • $2,965,000
      2,400 SF

      Key Largo Retail Investment Opportunity

      2,400 SF building with adjacent lot in Key Largo.
      102970 Overseas Hwy, Key Largo, FL 33037
      View Details
    • $1,790,000
      4,910 SF

      Key Largo Mixed-Use Property

      High-visibility mixed-use property with commercial storefront and residential apartment.
      100636 Overseas Highway, Key Largo, FL 33037
      View Details
    • $4,900,000
      7,026 SF

      Iconic Waterfront Restaurant and Bar

      Legendary waterfront bar and restaurant in Key Largo, Florida.
      58000 Card Sound Road, Key Largo, FL 33037
      View Details
    • $14,550,000
      23,092 SF

      Key Largo Inn Investment Opportunity

      Turnkey inn with development potential in Key Largo, Florida.
      99202 Overseas Highway, Key Largo, FL 33037
      View Details
    • $13,499,000
      20,084 SF

      Waterfront Property Ideal for Rehab

      Premier 1.77-acre waterfront property suited for luxury healthcare.
      97340-60 Overseas Highway, Key Largo, FL 33037
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two connected lots totaling 5,000 sq. ft. in Key Largo.
    Where is this residential land & home lot located?
    The property is located at Lakeview and Poinciana Drive Key Largo, FL.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Two connected lots (5,000 sq. ft.) in Key Largo Park subdivision, offering design flexibility.; Potential to build up to two homes or one expansive island retreat.; Opportunity to purchase two adjacent parcels for expanded development.
    (305) 781-7506
    We can help!
    Listing Contact
    Aryl Robison
    Aryl Robison
    Real Estate License ID: 3148458
    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
    Lakeview and Poinciana Drive, 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!