140 Gumbo Limbo Drive, Key Largo, FL 33037
Local realty services provided by:Better Homes and Gardens Real Estate Destinations
140 Gumbo Limbo Drive,Key Largo, FL 33037
$440,000
- 1 Beds
- 1 Baths
- 620 sq. ft.
- Mobile / Manufactured
- Active
Listed by: terry canto,top producer
Office: american caribbean real estate, christie's international real estate
MLS#:617396
Source:FL_FKBOR
Price summary
- Price:$440,000
- Price per sq. ft.:$709.68
About this home
Rare Redevelopment Opportunity in Key Largo! Situated on two oversized corner lots totaling 10,500 square feet, this unique property offers exceptional flexibility for investors, builders, or anyone looking to create their dream Florida Keys retreat.
Included is a ROGO-Exempt Letter, allowing you to bypass the lengthy ROGO allocation process and immediately replace the existing home with a new residence. Build your custom island home utilizing both lots for an expansive estate, or develop on one lot while preserving the second for additional outdoor living, future possibilities, or potential future development (buyer to verify with Monroe County). Tier III with 34 points and sewer vent installed.
While planning your vision, enjoy the existing fully furnished vintage cottage filled with Keys character. This charming 1-bedroom, 1-bath bungalow features an indoor tiki bar, open kitchen with granite countertops and oak cabinetry, custom oak flooring in the bedroom, porcelain tile throughout the living areas, and seamless indoor-outdoor living. Outside, you'll find a private pea-rock courtyard shaded by mature tropical trees, an outdoor shower, storage shed, two separate driveway entrances, and ample parking for boats, trailers, RVs, and guests.
Located less than one mile from John Pennekamp Coral Reef State Park, you'll have easy access to world-class diving, snorkeling, fishing, boating, beaches, and the best of the Upper Keys lifestyle. Enjoy nearby waterfront dining, shopping, Harry Harris Park, and an easy one-hour drive to Miami.
Whether you're searching for an immediate weekend getaway, a rental investment, or one of the few opportunities to build without waiting through the ROGO process, this property offers outstanding value with endless potential....
Contact an agent
Home facts
- Year built:1957
- Subdivision & Development:Pamela Villa (102.5)
- Listing ID #:617396
- Added:339 day(s) ago
- Updated:November 09, 2026 at 03:41 AM
Rooms and interior
- Bedrooms:1
- Total bathrooms:1
- Living area:620 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
Structure and exterior
- Year built:1957
- Building area:620 sq. ft.
- Lot area:0.24 Acres
- Construction Materials:Combo Construction, Frame
Finances and disclosures
- Price:$440,000
- Price per sq. ft.:$709.68
- Tax amount:$2,883
Parking
- Parking description:Guest, Open
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