226 Lignumvitae Drive, Key Largo, FL 33037 (MLS# 620626)

226 Lignumvitae Drive, Key Largo, FL 33037

$650,000

Property Type: Residential Bedrooms: 1 Baths: 1 Square Footage: 1,429 Lot Size (sq. ft.): 10,700 Status: Active

Current Price: $650,000 List Date: 7/14/2026 Last Modified: 7/15/2026

Overview

Description

A smart buy in the heart of the Upper Keys. This 1,429-square-foot single-family home sits on an oversized double lot (50x107 each) totaling 10,700 square feet -- a rare amount of land for Key Largo, offering room to expand, add a pool, or simply enjoy extra space that's increasingly hard to find on the island. Priced at a point that's tough to beat, it's ideal for an investor, first-time buyer, or anyone looking to build equity in one of South Florida's most in-demand markets. Sold as-is, this property is a strong candidate with the double lot adding meaningful upside for future development or expansion. Located in an X Flood Zone, the property offers a real advantage on insurance costs compared to many Keys homes in higher-risk zones -- a key factor for both owner-occupants and investors calculating carrying costs. Key Largo's year-round tourism and steady demand for both long-term and vacation rentals make this an opportunity worth a serious look. No direct water access further kee ... (Read more)

Listing Details MLS# 620626

Location, Tax & Legal

Street #: 226
Street Name: Lignumvitae
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
Senior Community YN: No
Side: Ocean
Flood Zone: X,0.2 PCT ANNUAL CHA
Alternate Key #: 1569119
Parcel #: 00465690-000000
Zoning: IS - Improved Subivision District
Deed Restrictions: No
Legal: BK 9 LTS 9 - 10 PAMELA VILLA PB3-125 KEY LARGO OR554-992 OR606-811 OR625-130 OR626-817 OR787-751 OR821-133 OR871-2216 OR
Taxes: 1499.32
Tax Year: 2025
Pub Sewer HkUp: Yes

Contract Information

Listing Board: Florida Keys
As is Rght to Inspct: Yes
Species List: No

General Property Description

Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: No
Pool: No
Year Built: 1987
Lot SqFt: 10700
Lot Sqft Source: Tax Records
Acres: 0.25
Living Apx SqFt: 1429
SqFt Source: Tax Records
Total Bedrooms: Yes
Full Baths: Yes
Total Baths: Yes
Rentals Allowed: Yes
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: Yes

More Information

Remarks & Misc

Remarks – Consumer: A smart buy in the heart of the Upper Keys. This 1,429-square-foot single-family home sits on an oversized double lot (50x107 each) totaling 10,700 square feet -- a rare amount of land for Key Largo, offering room to expand, add a pool, or simply enjoy extra space that's increasingly hard to find on the island. Priced at a point that's tough to beat, it's ideal for an investor, first-time buyer, or anyone looking to build equity in one of South Florida's most in-demand markets. Sold as-is, this property is a strong candidate with the double lot adding meaningful upside for future development or expansion. Located in an X Flood Zone, the property offers a real advantage on insurance costs compared to many Keys homes in higher-risk zones -- a key factor for both owner-occupants and investors calculating carrying costs. Key Largo's year-round tourism and steady demand for both long-term and vacation rentals make this an opportunity worth a serious look. No direct water access further keeps carrying costs (insurance, HOA) more manageable than comparable waterfront listings nearby -- while still delivering easy access to Florida Bay, the Atlantic, and everything the Keys lifestyle offers just minutes away. Whether you're adding to a real estate portfolio or looking for an entry point into the Keys market with room to grow, 226 Lignumvitae is priced and positioned to perfom. Please call for details.

Fee Includes

None: Yes

Dockage

None: Yes

Tax Exemptions

Homestead: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Oven: Yes
Range: Yes
Refrigerator: Yes
Stainless Steel Appliance(s): Yes
Washer: Yes

Pets

Pets Allowed: Yes

Waterfront

None: Yes

Waterview

No Waterview: Yes

Property Condition

Fixer Upper: Yes

Vehicle Storage

Carport: Yes

Construction

Concrete: Yes

Land Size

More than 1 Lot: Yes

Utilities

FKAA: Yes

Roof

Concrete Roof: Yes

Property Features

Fee Includes: None Tax Exemptions: Homestead Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Fixer Upper Vehicle Storage: Carport Utilities: FKAA Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Construction: Concrete Roof: Concrete Roof Pets: Pets Allowed Land Size: More than 1 Lot

Room Information

Room Name	Level
Bedroom 1	Main
Living Room	Main

Listing Office: Coldwell Banker Schmitt Islamorada

Last Updated: July - 15 - 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.