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For sale by owner
  • $2,387,037

    94825 Overseas Hwy #124, Key Largo, FL 33037

    5beds
    3,680sqft
    : 
    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
    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
    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
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    Listed by:

    (305) 903-4386

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.
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    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
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