140 Gumbo Limbo drive way
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140 Gumbo Limbo Drive DRIVE

KEY LARGO, FL 33037
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$445,000 $1,876/Mo
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Bed 1

Bed

Bath 1

Bath

SqFt620

Sqft

Rare Redevelopment Opportunity in Key Largo! Situated on two oversized corner lots totaling 10,500 square feet, this unique property offers exceptional flexibility for investors, builders, or anyone looking to create their dream Florida Keys retreat.Included is a ROGO-Exempt Letter, allowing you to bypass the lengthy ROGO allocation process and immediately replace the existing home with a new residence. Build your custom island home utilizing both lots for an expansive estate, or develop on one lot while preserving the second for additional outdoor living, future possibilities, or potential future development (buyer to verify with Monroe County). Tier III with 34 points and sewer vent installed.While planning your vision, enjoy the existing fully furnished vintage cottage filled with Keys character. This charming 1-bedroom, 1-bath bungalow features an indoor tiki bar, open kitchen with granite countertops and oak cabinetry, custom oak flooring in the bedroom, porcelain tile throughout the living areas, and seamless indoor-outdoor living. Outside, you'll find a private pea-rock courtyard shaded by mature tropical trees, an outdoor shower, storage shed, two separate driveway entrances, and ample parking for boats, trailers, RVs, and guests.Located less than one mile from John Pennekamp Coral Reef State Park, you'll have easy access to world-class diving, snorkeling, fishing, boating, beaches, and the best of the Upper Keys lifestyle. Enjoy nearby waterfront dining, shopping, Harry Harris Park, and an easy one-hour drive to Miami.Whether you're searching for an immediate weekend getaway, a rental investment, or one of the few opportunities to build without waiting through the ROGO process, this property offers outstanding value with endless potential.

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Detail Ic Property Details

Property Type : Residential - Mobile/Manufactured Home

Price : $445,000

AD Id : 69000448

MLS Id : 617396

Beds : 1

Living Area Size : 620 Sq. Ft

Tax Amount : $2,883.17

Year Built : 1957

County : Monroe

Subdivision: Old Town - Unlisted (1.0)

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Feature Features

  • Bedroom Information

    Total Bedrooms: 1

    Bathroom Information

    Total Baths: 1 Full Baths: 1

  • Interior Features

    Appliances: Washer,Range,Refrigerator,Dryer

  • Heating & Cooling

    Cooling: Wall/Window Unit(s) Water Front: No None No Waterview

  • Building Information

    Year Built: 1957 Total Units: 0.00 Floor Location: 10600 Construction: Frame,Other

  • Lot Information

    Lot SqFt: 10,600 Lot SqFt Source: Property Data Card BK 12 LTS 1-2 PAMELA VILLA KEY LARGO PB3-125 OR217-451 OR761-481 OR855-1732 OR875-661/62 OR969-280 OR1241-334 OR1241-34

  • Property Information

    SQ ft (Living Area): 620 View: No Waterview Subdivision: Pamela Villa (102.5)

  • Listing Price Information

    List Price: $445,000

  • Listing Information

    Cash,Conventional

  • Tax Information

    Taxes: $2,883 Tax Year: 2024 Parcel Number: 00466140-000000 Tax Exemptions: None

  • Multi-Unit Information

    Pets Allowed: Pets Allowed

  • Homeowners Association Information

    Mandatory Home Owners Asc: No 1st Right of Refusal: No Association Fee: $0.00

  • Utility Information

    FKAA,Municipal Sewer
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
365 Loeb Ave, Key Largo, FL, 33037 $1,565,000 3 2 2,169 7,360 Sq. Ft
11 Judy Pl, Key Largo, FL, 33037 $599,900 3 2 1,208 5,000 Sq. Ft
Residential, Key Largo, FL, 33037 $4,199,000 4 4 -- 3,712 Sq. Ft
98703 Overseas Highway .., Key Largo, FL, 33037 $495,000 1 1 480 --
10987 County Road 905, Key Largo, FL, 33037 $5,650,000 3 4 3,649 --
167 Valois Boulevard, Key Largo, FL, 33037 $945,000 2 2 -- 9,000 Sq. Ft
133 Valois Boulevard, Key Largo, FL, 33037 $670,000 2 2 1,776 6,000 Sq. Ft
35 Atlantic Drive DRIVE, Key Largo, FL, 33037 $750,000 4 2 1,664 --
57 Garden Cove Drive DR.., Key Largo, FL, 33037 $10,999,999 6 6 5,113 --
57 Garden Cove Drive, Key Largo, FL, 33037 $10,999,999 6 6 5,113 --

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ByOwner last updated this listing 09/30/2026 @ 22:32

MLS: 617396 LISTED BY: Terry Canto,Top Producer , American Caribbean Real Estate, Christie's International Real Estate 305-451-4078 SOURCE: Florida Keys MLS, Inc.

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