$799,000
Pending · 121 days on market · MLS# MFRS5141967
| Lot size | 10 acres |
|---|---|
| Property type | Land |
| Waterfront | Yes |
| Annual taxes | $305 |
| County | Monroe |
Rare opportunity to acquire approximately 10 acres of vacant residential land in Sugarloaf Key, an area known for its low-density character, natural surroundings, and limited land availability. Large parcels of this size are increasingly scarce in the Lower Florida Keys, positioning this property as a strategic long-term holding or future planning opportunity. On Monroe county records, the property consists of a mix of hardwood hammock, transitional lands, and environmentally sensitive areas and is currently unimproved. The surrounding area is developed primarily with single-family residences, including custom and elevated homes designed in accordance with coastal and floodplain construction standards, preserving the residential and natural character of Sugarloaf Key. The property offers convenient access to U.S.-1 while maintaining privacy and the authentic Keys environment. Any future use or development is subject to Monroe County Comprehensive Plan policies, Rate of Growth Ordinance (ROGO) allocation, environmental review, and applicable state and federal approvals. Buyer is solely responsible for verifying flood zone designation, buildability, density, environmental constraints, ROGO availability, and all permitted uses prior to closing. No representations or guarantees are made regarding development rights or approvals. ROGO-Focused Investor Note: Properties of this scale in the Florida Keys are often acquired with a long-term entitlement or land-banking strategy. ROGO allocations are limited, competitive, and issued through a points-based system that may involve extended timelines. Investors familiar with Monroe County processes may view this parcel as suitable for future ROGO pursuit, mitigation planning, conservation strategies, or phased development concepts, subject to regulatory approval. No ROGO allocation is currently implied or guaranteed. For GPS reference, use coordinates 24°39'35.2"N, 81°32'10.3"W. Property boundaries and exact location to be verified by survey.
Listing courtesy of Eugenia Hernandez, PREMIUM PROPERTIES R.E SERVICE. Presented by MC Homes Realty Inc · 727432218.