833 Bonito Lane, Key Largo, FL 33037

$1,250,000

Property Type: Commercial Sale Bedrooms: 5 Baths: 4 Square Footage: 2,704 Lot Size (sq. ft.): 6,030 Status: Closed

Current Price: $1,250,000 List Date: 10/12/2021 Last Modified: 8/31/2026

Overview

Description

This beautiful (4) family waterfront apartment building offers (3) one bedroom / one bath units & (1) two bedroom / one bath unit. Each unit features (2) balconies each! All units have access to onsite laundry facilities and assigned off-street parking. This stabilized property has great tenants with market rates leases in place for all 4 units. Boat dock is currently NOT rented and is a great opportunity for additional income! Located on a residential street, this solid ALL concrete structure has been very well maintained. All units have central air plus a backup window unit and separate meters for utilities. Canal is a straight run / direct access to the Ocean! Turn Key investment with minimal maintenance.

Listing Details MLS# 596953

Location, Tax & Legal

Street #: 833
Street Name: Bonito
Street Suffix: Lane
Key/Island: Key Largo
State/Province: FL
Zip Code: 33037
Subdivision: Sunrise Point (95.0)
County: Monroe
Area: 26 - Key Largo S of MM 96.9
City: KEY LARGO
Off Shore Island: No
Mile Marker: 95
Marathon Neighborhood: N/A
Side: Ocean
Flood Zone: AE
Alternate Key #: 1593435
Parcel #: 00483800-000000
Zoning: OTH - Other Zoning
Legal: BK 6 LT 3 LESS SWLY 2.5 FT AMENDED PLAT OF SUNRISE POINT ADDN KEY LARGO PB4-41 OR391-367 OR638-72 OR654-336 OR968-593 OR
Taxes: 7805.58
Tax Year: 2020

Contract Information

Listing Board: Florida Keys
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No

General Property Description

Realtor.COM Type: Multi-Family
Style: Residential Income
Lot SqFt: 6030
Waterfront: Yes
Control Depth: 3
# Stories: 2
Total # Buildings: Yes
Building SqFt: 2704
SqFt Source: Tax Records
Living Apx SqFt: 2704
Total Units: 4
Year Built: 1969
Total Bedrooms: 5
Full Baths: 4
Total Baths: 4

Status Change Info

Under Contract Date: 2021-10-29
Sold Date: 2021-11-29

Association Info

Mandatory Home Owners Asc: No
1st Right of Refusal: No

Property Info

1 Bed/Bath: 3
2 Bed/Bath: Yes

More Information

Dockage

Dock Length: 60

Financial Status

Bank Owned: No
Potential Short Sale: No

Remarks & Misc

Remarks – Consumer: This beautiful (4) family waterfront apartment building offers (3) one bedroom / one bath units & (1) two bedroom / one bath unit. Each unit features (2) balconies each! All units have access to onsite laundry facilities and assigned off-street parking. This stabilized property has great tenants with market rates leases in place for all 4 units. Boat dock is currently NOT rented and is a great opportunity for additional income! Located on a residential street, this solid ALL concrete structure has been very well maintained. All units have central air plus a backup window unit and separate meters for utilities. Canal is a straight run / direct access to the Ocean! Turn Key investment with minimal maintenance.
Directions: Heading Northbound on Overseas Hwy make right on to Bonito Lane, 2nd property on the left.

Type

Apartment 3 or more: Yes

Fee Includes

Other: Yes

Appliances

Range: Yes
Refrigerator: Yes

Cooling

Central Air: Yes
Wall/Window Unit(s): Yes

Waterfront

Canal Front: Yes

Waterview

Canal View: Yes

Vehicle Storage

Common Parking: Yes
Off Street Parking: Yes

Construction

Concrete: Yes

Land Size

Less Than 1/4 Acre: Yes

Utilities

FKAA: Yes
Municipal Sewer: Yes

Roof

Concrete Roof: Yes

Property Features

Type: Apartment 3 or more Waterfront: Canal Front Waterview: Canal View Vehicle Storage: Common Parking; Off Street Parking Cooling: Central Air; Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer Appliances: Range; Refrigerator Construction: Concrete Roof: Concrete Roof Land Size: Less Than 1/4 Acre Fee Includes: Other

Listing Office: RE/MAX All Keys Real Estate

Last Updated: August - 31 - 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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