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Property profile & analytics
OFF-MARKET
Commercial real estate

518 Powell Ave Summerland Key, FL 33042

Property ID
US18-8563908
Property summary
AI-generated overview

This exceptional waterfront lot in Summerland Key, Florida (33042), offers a unique opportunity to build your dream home. Priced at $389,000, this partially cleared property includes all county-approved plans for a custom-built 1,280 square foot, 3-bedroom, 2-bathroom house. All necessary permits are in place, including Army Corps and DEP permits for the filled lot, and plans for a 60' x 8' dock are approved. Enjoy excellent boating with open water access via a canal with a 4-foot control depth. The property's convenient location places you near popular local establishments such as Kiki's, Boondocks, Looe Key Tiki, and Square Grouper. Final building permits are anticipated by year's end. Detailed documentation, including floor plans, dock plans, and ROGO permit release lists, is available for review. Please note that dock and house construction are not included in the asking price, and the price is subject to change as progress continues. Two additional survey points will be issued in November. Buyer is responsible for confirming all details with Monroe County. This is a remarkable opportunity to own a piece of paradise in the Lower Keys.

Property profile
Verified
Property type Commercial real estate
UPID US18-8563908
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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