INVESTORS! This waterfront multi-family tri-plex is located in the coveted boating enclave of Port Largo. This property presents a prime opportunity for astute investors seeking to capitalize on its versatile building rights or to leverage its existing rental income potential with long-term tenants. The allure of this investment lies in its potential for future rental income optimization. With two, two-bedroom, one-bathroom units and one three-bedroom, two-bathroom unit, there exists ample room for income diversification. Each unit features an inviting open floor plan, complemented by screened-in porches that afford picturesque vistas of the water.75 feet of deep-water concrete dockage further enhances its appeal to both investors and tenants alike. Whether one chooses to reside in one unit while leasing out the others or to capitalize on the rental market, the possibilities for maximizing returns are truly limitless in this prime investment offering. An exceptional investment opportunity awaits discerning investors.
Sold for $2,100,000
$2,100,000
237 Atlantic Blvd, Key Largo, FL 33037
7beds
3,164sqft
Multi Family, Single Family Residence
Built in 1980
-- sqft lot
$2,075,900 Zestimate®
$664/sqft
$4,308 Estimated rent
Home value
$2,075,900
$1.81M - $2.39M
$4,308/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 01, 2025 at 07:22am
Listed by:
Walters Luxury Group Gloria, Rachel and Michaela Walters 305-942-6834,
Ocean Sotheby's International Realty
Bought with:
Walters Luxury Group Gloria, Rachel and Michaela Walters, 662034_1
Ocean Sotheby's International Realty
Source: FLKMLS,MLS#: 609804
Originating MLS: Florida Keys
Originating MLS: Florida KeysFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Central
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: Dishwasher, Stainless Steel Appliance(s), Oven, Refrigerator
Features
- Split Bedroom, Built-in Cabinets, Granite Counters, Utility Room
- Flooring: Tile
- Doors: Sliding Glass Doors
- Windows: Single Hung Windows, Other
Interior area
- Total interior livable area: 3,164 sqft
Property
Parking
- Total spaces: 4
- Parking features: RV Parking Open, Trailer Storage, Covered
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: No, None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Screened P/B, Screened Patio
- Exterior features: Storage
- Has view: Yes
- View description: Canal
- Has water view: Yes
- Water view: Canal
- Waterfront features: Canal Front, Waterfront, Seawall: Concrete, Dock: Concrete, Dock Length: 75
Lot
- Size: 9,583 sqft
- Features: Less Than 1/4 Acre
Details
- Parcel number: 00453472000500
- Zoning: IS
- Zoning description: Improved Subivision District
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Single Family Residence
Materials
- CBS, Concrete
- Roof: Shingle
Condition
- Year built: 1980
Utilities & green energy
- Sewer: Municipal Sewer, Community Swr Plant, Public Sewer
- Utilities for property: FKAA, Cable Available, Buyer to Verify, Sewer Available, Cable Connected
Community & neighborhood
Security
- Security features: Smoke Detector(s), No Security
Community
- Community features: Community Boat Ramp, Other
Location
- Region: Key Largo
- Subdivision: Port Largo (100.0)
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $275 yearly
- Services included: Other
Other
Other facts
- Listing terms: No Seller Finance
Price history
| Date | Event | Price |
|---|---|---|
| 4/1/2025 | Sold | $2,100,000-19.2%$664/sqft |
Source:  FLKMLS #609804 Report a problem | ||
| 1/29/2025 | Pending sale | $2,599,000$821/sqft |
Source: FLKMLS #611728 Report a problem | ||
| 7/10/2024 | Price change | $2,599,000-3.7%$821/sqft |
Source:  Key West AOR #609804 Report a problem | ||
| 5/1/2024 | Listed for sale | $2,699,000$853/sqft |
Source: Key West AOR #609804 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,535 +9.9% | $1,061,220 +10% |
| 2024 | $11,403 +6.7% | $964,745 +10% |
| 2023 | $10,689 +13% | $877,041 +10% |
Find assessor info on the county website
Neighborhood: 33037
Nearby schools
GreatSchools rating
- 8/10Key Largo SchoolGrades: PK-8Distance: 5.3 mi
- 4/10Coral Shores High SchoolGrades: 9-12Distance: 9.3 mi
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Estimated market value
$2,075,900