140 Gumbo Limbo Drive, Key Largo, FL 33037 (MLS# 617396)

140 Gumbo Limbo Drive, Key Largo, FL 33037

$445,000

Plenty of room to store an RV, boat, trailers and more

Restaurant you can go without getting on US 1

Property Type: Residential Bedrooms: 1 Baths: 1 Square Footage: 620 Lot Size (sq. ft.): 10,600 Status: Active

Current Price: $445,000 List Date: 11/20/2025 Last Modified: 7/14/2026

Overview

Description

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 thr ... (Read more)

Listing Details MLS# 617396

Location, Tax & Legal

Street #: 140
Street Name: Gumbo Limbo
Street Suffix: Drive
Key/Island: Key Largo
State/Province: FL
Zip Code: 33037
County: Monroe
Subdivision: Pamela Villa (102.5)
Area: 27 - Key Largo MM 97-107
City: KEY LARGO
Off Shore Island: No
Mile Marker: 102.5
Marathon Neighborhood: N/A
Side: Ocean
Flood Zone: AE
Alternate Key #: 1569569
Parcel #: 00466140-000000
Zoning: IS - Improved Subivision District
Deed Restrictions: Unknown
Legal: 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
Taxes: 2883.17
Tax Year: 2024
Pub Sewer HkUp: Yes

Contract Information

Listing Board: Florida Keys
As is Rght to Inspct: Yes

General Property Description

Realtor.COM Type: Residential - Mobile/Manufactured Home
Style: Mobile Home
Waterfront: No
Pool: No
Year Built: 1957
Lot SqFt: 10600
Lot Sqft Source: Property Data Card
Acres: 0.12
Living Apx SqFt: 620
SqFt Source: Tax Records
Total Bedrooms: Yes
Full Baths: Yes
Total Baths: Yes
Rentals Allowed: Yes
Min Rental Days: 28
Control Depth: 0
Total Units: 0

Association Info

Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0

Building Style

Above Flood: Unknown
Ground Level: Yes

More Information

Vehicle Storage

Car(s): 4+
RV Parking Open: Yes
Trailer Storage: Yes

Remarks & Misc

Remarks – Consumer: 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.

Fee Includes

None: Yes

Dockage

None: Yes

Tax Exemptions

None: Yes

Appliances

Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Pets

Pets Allowed: Yes

Cooling

Wall/Window Unit(s): Yes

Waterfront

None: Yes

Waterview

No Waterview: Yes

Property Condition

Fixer Upper: Yes

Construction

Frame: Yes
Other: Yes

Land Size

More than 1 Lot: Yes

Terms

Cash: Yes
Conventional: Yes

Utilities

FKAA: Yes
Municipal Sewer: Yes

Title

Title Ins - Buyer: Yes

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Fixer Upper Building Style: Ground Level Vehicle Storage: RV Parking Open; Trailer Storage Cooling: Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer Appliances: Dryer; Range; Refrigerator; Washer Construction: Frame; Other Pets: Pets Allowed Land Size: More than 1 Lot Terms: Cash; Conventional Title: Title Ins - Buyer

Listing Office: American Caribbean Real Estate, Christie's International Real Estate

Last Updated: July - 14 - 2026

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.