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  • 500 Burton Drive 1202, Key Largo, FL 33070 (MLS# 605108)

500 Burton Drive 1202, Key Largo, FL 33070

$586,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 826 Status: Closed
Current Price: $586,000 List Date: 4/29/2023 Last Modified: 9/04/2024

Description

Investment opportunity in highly sought after Ocean Pointe. 2 bedrooms/2 baths offered furnished including Kitchenwares. Short term rentals allowed, Gross $77,500 in 2022 and 71k in 2021 with Airbnb and Vrbo.Impact sliders and front door.All stainless steel appliances less than 3 years old. A/C less than 4 years old and a new Titan tankless water heater.New LG washer and dryer.Amenities included 24/7 security,pool,spa,Lighted tennis courts and pickle ball courts and basketball courts. trailer storage,beach,pier,dockage ,cafe marina. Enjoy the open Ocean access with the Marina,walk in sandy beach and Boardwalk gazebo.Look at the Atlantic Ocean at the Ocean pointe Restaurant/Bar other property features like the Jr. Olympic size heated swimming pool,spa,pool lounge abd kids play ground. Nature trails throughout. Centrally located in Tavernier at mile marker 92.5. Seller is a active Real-Estate broker. Seller financing Preferred with 200k down payment,interest only loan at 6% for 5 years ballon with renewal options. 2 points charge upfront.

More Information MLS# 605108

Contract Information

Listing Board: Florida Keys As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: No Current Price: $586,000 Listing Date: 2023-04-29 Sold Price: $586,000

Location, Tax & Legal

Unit #: 1202 City: KEY LARGO Off Shore Island: No Mile Marker: 92.5 Marathon Neighborhood: N/A Side: Ocean Flood Zone: AE,AE Alternate Key #: 8784171 Handicap Access: Yes Parcel #: 00479501-001202 Bldg Nbr: 500 Zoning: SR - Sub Urban Residential District Deed Restrictions: No Legal: UNIT 1202 OCEAN POINTE I A CONDO OR1205-2198 OR1608-1061 OR2308-2196 OR2905-1983/84 Taxes: 3235.01 Tax Year: 2022 Pub Sewer HkUp: Yes Street #: 500 Street Name: Burton Street Suffix: Drive Key/Island: Key Largo State/Province: FL Zip Code: 33070 County: Monroe Subdivision: Ocean Pointe (92.5) Area: 26 - Key Largo S of MM 96.9

General Property Description

Realtor.COM Type: Residential - Condo/Townhouse Waterfront: Yes Control Depth: 3 Lot Size: 69 ACRES Lot SqFt: 0 Unit/Complex: Unit Pool: Yes Total Units: 240 SqFt Source: Tax Records Rentals Allowed: Yes Min Rental Days: 1 Floor Number: 2 Style: Condo Year Built: 1991 Living Apx SqFt: 826 Total Bedrooms: 2 Full Baths: 2 Total Baths: 2

Remarks & Misc

Remarks – Consumer: Investment opportunity in highly sought after Ocean Pointe. 2 bedrooms/2 baths offered furnished including Kitchenwares. Short term rentals allowed, Gross $77,500 in 2022 and 71k in 2021 with Airbnb and Vrbo.Impact sliders and front door.All stainless steel appliances less than 3 years old. A/C less than 4 years old and a new Titan tankless water heater.New LG washer and dryer.Amenities included 24/7 security,pool,spa,Lighted tennis courts and pickle ball courts and basketball courts. trailer storage,beach,pier,dockage ,cafe marina. Enjoy the open Ocean access with the Marina,walk in sandy beach and Boardwalk gazebo.Look at the Atlantic Ocean at the Ocean pointe Restaurant/Bar other property features like the Jr. Olympic size heated swimming pool,spa,pool lounge abd kids play ground. Nature trails throughout. Centrally located in Tavernier at mile marker 92.5. Seller is a active Real-Estate broker. Seller financing Preferred with 200k down payment,interest only loan at 6% for 5 years ballon with renewal options. 2 points charge upfront. Directions: Mile marker 92.5 on Burton Dr.

Association Info

Mandatory Home Owners Asc: Yes 1st Right of Refusal: No Condo Doc's: Yes Assoc Approval Req: No Association Fee $: 3362 Assoc/Mnt Fee Per: Quarterly

Fee Includes

Bldg Exterior Mnt: 1 Building Insurance: 1 Cable: 1 Common Area Mnt: 1 Exterminating: 1 Security: 1 Sewer: 1

Dockage

Assigned Dock: 1 Boat Ramp: 1 Boat Slip: 1 Dock Privileges: 1 First Come Dock: 1

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Dryer: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1 Washer: 1

Pets

Pets w/Restrictions: 1 medium size pet

Cooling

Ceiling Fans(s): 1 Central Air: 1

Heating

Central: 1

Waterfront

Oceanfront: 1 Open Water: 1

Waterview

Ocean View: 1 Open Water View: 1

Floor

Concrete: 1 Tile: 1

Neighborhood Feature

Beach: 1 Clubhouse: 1 Community Boat Ramp: 1 Community Dockage: 1 Community Pool: 1 Fire Hydrant: 1 Handicap Facilities: 1 Manager on Premises: 1 Spa: 1 Tennis Courts: 1

Interior Features

Drapes/Blinds Incl: 1 Fire Sprinkler: 1 Pantry: 1 Split Bedroom: 1 Whirlpool Bath Tub: 1 Window Treatments: 1

Property Condition

Updated/Remodeled: 1

Specialty Rooms

Other: 1

Building Style

Above Flood: Yes Stories: 3 Stories

Windows/Doors

Impact Rstnce Doors: 1 Sliding Glass Doors: 1

Vehicle Storage

Open Parking: 1 Trailer Storage: 1

Security

Manned Gate: 1 Patrolled Area: 1

Construction

Combo Construction: 1

Land Size

10 or more Acres: 1

Furnished

Furnished: 1

Terms

Cash: 1 Conventional: 1 Seller Finance Psble: 1

Utilities

Cable Available: 1 Elect Separate Meter: 1 FKAA: 1 Municipal Sewer: 1 Water Separate Meter: 1

Porch/Balcony

Open Porch/Balcony: 1

Title

Title Ins - Buyer: 1

Exterior Features

Bar: 1 Built-in Grill: 1 Chickee Hut: 1 Fencing: 1 Gazebo: 1 Hot Tub: 1 Lighting: 1 Outdoor Shower: 1 Sandy Beach: 1 Sprinkler System: 1 Tennis Court(s): 1

Pool Info

In Ground: 1 Lap: 1 Heated: Yes Concrete: 1 Decked: 1

Pre-Wired

Cable: 1

Roof

Combo Roof: 1 Metal Roof: 1

Financial Status

Auction: No Bank Owned: No Potential Short Sale: No Standard Sale: Yes

Accessibility Feat

Accessible Elevator Installed: 1 Parking: 1

GF-Interior Features

LED Lighting: 1 Tankless Hot Wtr Htr: 1

Status Change Info

Sold Date: 2023-08-29 Sold Price: $586,000 Status: Closed

Property Features

Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Exterminating; Security; Sewer Tax Exemptions: None Waterfront: Oceanfront; Open Water Waterview: Ocean View; Open Water View Dockage: Assigned Dock; Boat Ramp; Boat Slip; Dock Privileges; First Come Dock Property Condition: Updated/Remodeled Vehicle Storage: Open Parking; Trailer Storage Furnished: Furnished Cooling: Ceiling Fans(s); Central Air Heating: Central Utilities: Cable Available; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter Interior Features: Drapes/Blinds Incl; Fire Sprinkler; Pantry; Split Bedroom; Whirlpool Bath Tub; Window Treatments Pre-Wired: Cable Specialty Rooms: Other Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Bar; Built-in Grill; Chickee Hut; Fencing; Gazebo; Hot Tub; Lighting; Outdoor Shower; Sandy Beach; Sprinkler System; Tennis Court(s) Accessibility Feat: Accessible Elevator Installed; Parking Pool Info: In Ground; Lap; Concrete; Decked Construction: Combo Construction Floor: Concrete; Tile Roof: Combo Roof; Metal Roof Neighborhood Feature: Beach; Clubhouse; Community Boat Ramp; Community Dockage; Community Pool; Fire Hydrant; Handicap Facilities; Manager on Premises; Spa; Tennis Courts Security: Manned Gate; Patrolled Area Land Size: 10 or more Acres Terms: Cash; Conventional; Seller Finance Psble Title: Title Ins - Buyer GF-Interior Features: LED Lighting; Tankless Hot Wtr Htr
Listing Office: Fonte Realty & Investments, LLC.
Last Updated: September - 04 - 2024
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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