18 Kay Drive, Key Largo, FL 33037 (MLS# 620854)

18 Kay Drive, Key Largo, FL 33037

New Listing
$990,000
Property Type: Vacant Land Lot Size (sq. ft.): 163,786 Status: Active
Current Price: $990,000 List Date: 8/03/2026 Last Modified: 8/03/2026

Overview

Description

Exceptional 4.35-acre development opportunity in Key Largo comprised of two contiguous parcels to be sold together. The assemblage includes approximately 3.76 acres fronting Kay Drive and offers mixed RV, SC, and SR zoning, creating a unique redevelopment opportunity. Existing Letter of Understanding and due diligence materials are available. Well suited for experienced developers pursuing mixed-use, commercial, or residential projects, subject to Monroe County approvals. Buyer to independently verify all zoning, Tier designations, ROGO requirements, permitted uses, and development potential.

Listing Details MLS# 620854

Location, Tax & Legal

Street #
18
Street Name
Kay
Street Suffix
Drive
Key/Island
Key Largo
State/Province
FL
Zip Code
33037
County
Monroe
Subdivision
Misc Sub MM 97-107 (98.0)
Area
27 - Key Largo MM 97-107
City
KEY LARGO
Off Shore Island
No
Tier
Tier 1
Mile Marker
98
Marathon Neighborhood
N/A
Senior Community YN
No
Side
Bay/Gulf
Flood Zone
AE,X,0.2 PCT ANNUAL
Alternate Key #
1095150
Add'l Parcel #1
00086750-000100
Parcel #
00086580-000000
Zoning
SR - Sub Urban Residential District
Deed Restrictions
No
Legal
21 61 39 ISLAND OF KEY LARGO PB4-130 PT GOV LOT 7 OR PT TR 7 AND PT GOVT LOT 8 OR PT TR 8 OR564-755 OR1786-2445/46 OR186
Taxes
901.6
Tax Year
2025

Contract Information

Listing Board
Florida Keys
ROGO Exempt
Yes
Limited Representation
No
As is Rght to Inspct
Yes
Potential Short Sale
No
Bank Owned
Yes

General Property Description

Realtor.COM Type
Vacant Land
Waterfront
No
Control Depth
122
Lot Dimensions
X
Lot SqFt
163786
Lot Sqft Source
Appraisal
Total Lots
Yes

Miscellaneous Info

Mobile Home Lot
No

Financial Status

Bank Owned
Yes
Potential Short Sale
No

More Information

Remarks & Misc

Remarks – Consumer
Exceptional 4.35-acre development opportunity in Key Largo comprised of two contiguous parcels to be sold together. The assemblage includes approximately 3.76 acres fronting Kay Drive and offers mixed RV, SC, and SR zoning, creating a unique redevelopment opportunity. Existing Letter of Understanding and due diligence materials are available. Well suited for experienced developers pursuing mixed-use, commercial, or residential projects, subject to Monroe County approvals. Buyer to independently verify all zoning, Tier designations, ROGO requirements, permitted uses, and development potential.

Assoc/Misc Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No

Dockage

None
Yes

Tax Exemptions

None
Yes

Waterfront

None
Yes

Waterview

No Waterview
Yes

Location/Site

Hardwood
Yes
Paved Street
Yes
Wooded Lot
Yes

Existing Utilities

Sewer
Yes
Water Line
Yes
Other See Remarks
Yes

Land Size

2 Less Than 5 Acres
Yes

Property Features

Tax Exemptions: None Waterfront: None Dockage: None Waterview: No Waterview Existing Utilities: Sewer; Water Line; Other See Remarks Land Size: 2 Less Than 5 Acres
Listing Office: Keller Williams Capital Realty - Coral Gables
Last Updated: August - 03 - 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.