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$ 498,500
Est. payment | /mo
4,791 Sqft Lot
$ 498,500
Est. payment | /mo
4,791 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Subdivision Conch Key
MLS Listing ID A11907654
HOA Y/N No
Annual Tax Amount $1,357
Tax Year 2025
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Residential
Property Description
Presenting 77 S Conch Key, a 4,500-square-foot parcel in the heart of the Florida Keys that includes two transferable ROGO allocations, each with an estimated value of approximately $149,000. The property is approved for development under existing ROGO plans allowing for up to four residential units, creating a rare opportunity for investors, developers, or end users seeking to build in a market where development rights are increasingly limited.
The value of this offering extends beyond the land itself. The included ROGO allocations provide a significant entitlement advantage, reducing the time, uncertainty, and cost often associated with securing build rights in the Florida Keys. Whether utilized for a private compound, vacation residences, workforce housing, or an income-producing investment, the property offers flexibility and long-term upside.
While the site does not include water access, it benefits from a central Conch Key location with convenient access to Marathon's marinas, restaurants, shopping, and recreational amenities. Opportunities to acquire buildable Keys property with transferable allocations and approved development plans are increasingly scarce, making 77 S Conch Key a compelling development and investment opportunity.
The value of this offering extends beyond the land itself. The included ROGO allocations provide a significant entitlement advantage, reducing the time, uncertainty, and cost often associated with securing build rights in the Florida Keys. Whether utilized for a private compound, vacation residences, workforce housing, or an income-producing investment, the property offers flexibility and long-term upside.
While the site does not include water access, it benefits from a central Conch Key location with convenient access to Marathon's marinas, restaurants, shopping, and recreational amenities. Opportunities to acquire buildable Keys property with transferable allocations and approved development plans are increasingly scarce, making 77 S Conch Key a compelling development and investment opportunity.
Location
State FL
County Monroe
Community Conch Key
Area 98 Florida Keys
Exterior
View Water
Street Surface Paved
Private Pool Yes
Building
Lot Description < 1/4 Acre
Faces South
Others
Tax ID 00385830-000000
Acceptable Financing Cash, Owner May Carry
Listing Terms Cash, Owner May Carry
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11907654
Listed by Alterra Realty Group Inc
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