JOINT VENTURE / LLC OPPORTUNITY / LAND ONLY PURCHASE
Attention Builder, Investor, & Real Estate Pro.
On this waterfront lot; we are offering an investor the opportunity to Joint Venture with your Builder or Real Estate Pro; a once in a lifetime opportunity to share (upon sale), in the profit associated with such a luxurious residence on the waterfront. With CD’s and Government Bonds paying almost nothing and the Stock Market a gamble; it would be prudent to invest in Real Estate.
We have plans that are approved; and can be used with slight alterations to your Joint Venture Opportunity, thus avoiding the lengthy Review process.
As you can see attached; our architect has thoughtfully developed the elevations to suite the Waterfront View. The use of:
? Ambient lighting
? Scored stucco
? Wood
? Glass
? Paint colors
Has further enhanced the already stunning look.
The ground floor (920 square feet) has:
? Storage, parking spaces for 2 cars
? Space for a small boat or Jet ski
? Covered patio deck to shelter your barbecue
? Space for outdoor furniture
? Elevator and stairs to the upper floors.
The second floor (920 square feet) 740 square feet of airconditioned space and 180 square feet of balcony with glass railings.
? Full kitchen, laundry space, & Den/Office
? Full bathroom with vanity and shower area
? Family and Dining areas
? Impact glass sliding doors to balcony with Ocean view
? Bar area adjacent to kitchen
? Custom elevator entry/exit
? Stairwell
? Ambient lighting
The third floor (920 square feet) 870 square feet of airconditioned space
and 50 square feet of balcony with glass railings.
? Large Master Suite # 1with separate glassed seating area
? Large closet
? Impact glass sliding doors to balcony with glass railings
? Spacious bathroom with large shower
? Large Bathroom #2 with vanity and shower area
? 2 additional Bedrooms with closet space
? Custom elevator entry/exit
? Stairwell
? Ambient lighting
Roof top (920 square feet) 120 square feet of balcony, 404 square feet of airconditioned space, and 396 square feet of Terrace.
? Featuring a large Master Bedroom # 2
? Huge walk-in closet
? Large Master Bath with vanity and shower area
? Front sitting balcony to enjoy sunsets
? Custom elevator entry/exit
? Stairwell
? Large Roof Terrace with barbecue, refrigerator, bar, and sink
? Seating area with fire pit to enjoy cool winter evenings
? Jacuzzi and exterior shower area
? Glass railings
? Able to view magnific sunrises overlooking the Atlantic Ocean
? Tile deck area
? Ambient lighting
The aforementioned on Lot 124, Marina’s Water Edge has:
? 2014 square feet of airconditioned space construction
? 350 square feet of Balconies
? 920 square feet of parking/storage/covered deck
? 396 square feet of tile roof top Terrace
? Totaling a combined 3,680 square feet of construction
Let us call it Serenity.
Enjoy the refreshing breezes and the breathtaking sunrises from your second & third floor balconies or from the massive Terrace roof deck. Enjoy a refreshing jacuzzi in the moonlight. Entertain guests in the rooftop Fire Pit Seating Lounge and enjoy a roof top barbecue.
Walk to the Club House & Pool Area for a refreshing swim or workout in the spacious gym. Enjoy cocktails on the soon to be built Marina Building with outdoor veranda.
$ 875,000.00 LAND ONLY PURCHASE
To obtain additional information referencing:
JOINT VENTURE / LLC OPPORTUNITY:
Email me at dbuild16@gmail.com
A complete prospectus will be emailed to you.
Sincerely,
Joseph D. Lovermi, Manager
Design, Estimate, & Build, LLC
For sale by owner
$2,387,037
94825 Overseas Hwy #124, Key Largo, FL 33037
5beds
3,680sqft
Est.:
SingleFamily
Built in ----
1,632 Square Feet Lot
$-- Zestimate®
$649/sqft
$479/mo HOA
What's special
Waterfront lotAdditional bedroomsSpacious bathroomBalcony with glass railingsMaster suiteRoof top terraceLaundry space
What the owner loves about this home
BUILDING/SALES PROSPECTUS
$ 787,037.00 Cost of building
$ 10,000.00 Estimated taxes
$ 60,000.00 Estimated sales commission/advertising
$ 18,000.00 Estimated lending/closing costs
***********
$ 875,037.00 Total cost of building, taxes, sales, & lending
$ 875,000.00 Cost of land
***********
$1,750,037.00 Total cost of building, taxes, sales, lending, & land
SALES
$2,387,037.00 Sales price
$1,750,037.00 Total cost of building, taxes, sales, lending, & land
************
$ 637,000.00 Gross profit
$ 3,000.00 Minus Attorney’s fees
************
$ 634,000.00 Net Profit
SHAREHOLDER’S PROFIT
INVESTED
$ 700,000.00 Investment Partner 1 profit on investment $ 507,200.00 (80%)
$ 175,000.00 Investment Partner 2 profit on investment $ 126,800.00 (20%)
*********** ***********
$ 875,000.00 Total Investment Total Shared Profit $ 634,000.00
- 59 days
- on Zillow |
- 314 |
- 7 |
Listed by:
(305) 903-4386
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Appliances
- Included: Dishwasher, Dryer, Garbage disposal, Range / Oven, Refrigerator, Washer
Features
- Flooring: Tile, Concrete
- Basement: None
Interior area
- Total interior livable area: 3,680 sqft
Property
Parking
- Total spaces: 2
- Parking features: Carport, Garage
Features
- Exterior features: Stucco, Wood, Cement / Concrete
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
Lot
- Size: 1,632 Square Feet
Details
- Parcel number: 00483401012400
Construction
Type & style
- Home type: SingleFamily
Materials
- Roof: Other
Condition
- New construction: No
Community & HOA
Community
- Features: Fitness Center
HOA
- Has HOA: Yes
- HOA fee: $479 monthly
Location
- Region: Key Largo
Financial & listing details
- Price per square foot: $649/sqft
- Tax assessed value: $644,028
- Annual tax amount: $2,607
- Date on market: 6/27/2025
- Loading