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127 Seaside Avenue AVENUE

KEY LARGO, FL 33037

$2,345,000 $9,886/Mo

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Overview

Bed

Bath

1,716

Sqft

Description

Ocean views, deepwater dockage, and the rare ability to legally operate nightly rentals - it doesn't get any better! The seller has approval for a 20,000lb boat lift and improvement of the dock. There is also approval for an observation deck into the open ocean. This exceptional oceanfront estate offers a standout turnkey investment opportunity, combining the perfect trifecta for your portfolio: panoramic ocean views, deepwater dockage, and approved nightly rental capability. An ideal family compound and a rare chance to own a fully versatile, income-producing Keys property.Enjoy oceanfront living with two beautifully updated units, each featuring 2 bedrooms and 1 bathroom, separate entrances, and its own oceanfront porch. The property showcases panoramic blue-water views that are simply breathtaking, a rare find for both investors and those seeking a spectacular coastal retreat.Boating enthusiasts will appreciate the 100 feet of concrete dockage with immediate ocean access, along with the unique benefit of ownership of the ocean bottom, offering added value, flexibility, and long-term security. Zoning permits rentals with a minimum stay of just one night, giving you maximum income potential or the option to enjoy it as a private getaway.Whether you're looking to expand your investment portfolio or create your future oceanfront dream home, this home offers unmatched versatility and incredible potential in a beautiful setting. Plenty of parking and room for a pool, expansion or redevelopment! Call today for more details.

Property Details

Property Type : Multi-family

Price : $2,345,000

AD Id : 69000430

MLS Id : 617384

Beds : 4

Living Area Size : 1,716

Year Built : 1962

County : Monroe

Subdivision: Baywood (104.0)

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 4

Bathroom Information

Total Baths: 2 Full Baths: 2
Interior Features

Appliances: Washer,Microwave,Oven,Refrigerator,Dishwasher,Dryer
Roofing Information

Concrete Roof

Heating & Cooling

Cooling: Central Air Heating: Central Water Front: Yes Oceanfront,Open Water Ocean View,Open Water View

Window Information

Window Treatments: Other Windows/Doors,Impact Rstnce Window

Building Information

Year Built: 1962 Total Units: 2.00 Floor Location: 12348 Construction: CBS Roof: Concrete Roof

Lot Information

Lot SqFt: 12,348 Lot SqFt Source: Property Data Card RE-SUB SEASIDE PB2-10 KEY LARGO PT SQR 4 KNOWN AS LOT 6 SQR 4 AND 14 62 38 ISLAND OF KEY LARGO BAY BTM ADJ LTS 63 AND 64
Property Information

SQ ft (Living Area): 1,716 View: Ocean View,Open Water View Subdivision: Seaside Sub (94.5)

Listing Price Information

List Price: $2,345,000
Listing Information

Cash,Conventional

Tax Information

Taxes: $14,668 Tax Year: 2024 Parcel Number: 00492230-000000 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,Cable Available,Municipal Sewer

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
978 Gibraltar Road, Key Largo, FL, 33037	$680,000	4	2	3,794	3,794 SqFt

ByOwner last updated this listing 06/08/2026 @ 09:54

MLS: 617384 LISTED BY: Amy L Bruggeman , American Caribbean Real Estate, Christie's International Real Estate 305-451-4078 SOURCE: Florida Keys MLS, Inc.