Address
140 Gumbo Limbo Drive, Key Largo, FL
Price
$ 445,000
Property Attributes
- MLS#617396
- TypeSingle Family
- Listing Status Active
- CountyMONROE
- CityKey Largo
- AreaKey Largo MM 97-107
- NeighborhoodPamela Villa
- Zip33037
- StyleGround Level
- Year Built1957
- Taxes$ 2883
- Price$ 445,000
- Bedrooms1
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage620
- Lot Size0.12 Acres
Data Source:
Florida Keys MLS (FLKMLS)
Property Description
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.
| Price History | |
|---|---|
| 11/20/2025 | Listed $495,000 |
| 1/17/2026 | 11$445,000 |
General Features
| Living Area | 620.00 |
|---|---|
| Construction | Frame,Other |
| Utilities | FKAA,Municipal Sewer |
| Appliances | Washer,Range,Refrigerator,Dryer |
| Flood Zone | AE |
| Zoning | IS - Improved Subivision District |
| HOA Fee | 0.00 |
| Pets Allowed Y/N | Pets Allowed |
| Status | Active |
| Full Baths | 1 |
| Year Built | 1957 |
| Subdivision | Pamela Villa (102.5) |
| Style | Mobile Home |
| View | No Waterview |
| Property Type | A |
| Fee Includes | None |
| Acres | 0.12 |
| Lot Sqft | 10600.00 |
| Rental Allowed | Yes |
| Building Style: Above Flood | Unknown |
| Dockage | None |
| Min Rental Days | 28.00 |
Interior Features
| Total Units | 0.00 |
|---|
Exterior Features
| Pool | No |
|---|---|
| Waterfront | None |
| Building Style | Ground Level |
| Land Size | More than 1 Lot |
| Public Sewer Hookup | Yes |
| Side | Ocean |
| Vehicle Storage | RV Parking Open,Trailer Storage |
| Vehicle Storage: Car(s) | 4+ |
| Off Shore Island | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 33037
Price
Taxes
Year Built
Visits
Information is deemed to be reliable, but is not guaranteed. © 2026 MLS and FBS. Prepared by Florida Keys MLS, Inc. on September 22, 2026 5:44 PM UTC The information on this sheet has been made available by the MLS and may not be the listing of the provider. 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
