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

Documents

Flood Disclosure ›

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.

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