Back 97625 Overseas Highway
Off Market

97625 Overseas Highway

Key Largo FL 33037

2
2
1471 sq. ft.
5500 sq. ft.
Single-Family
Last sold for $720,000
Glenn HooverGlenn Hoover, last sold this property on 06 April 2023 after 49 days on market.

Overview

2 ROGO exempt structures confirmed by county. (See Documents for Letter). This 5, 500 sq. ft. lot with two structures and a storage shed is located near the heart of Key Largo at MM 97.6. The primary building is CBS (concrete block) construction with gable/hip roof and was built in 2004. It has 1, 096 sq. ft. of living space (vinyl tile flooring down), including a spacious 440 sq. ft. loft area (Pergo flooring), vaulted ceiling, and is currently used as a local artist's residence. It has a full kitchen and bath with the loft being used as a master bedroom suite. The secondary building is frame construction, built in 1975, with 375 sq. ft. of living space. Currently used as an art studio, it contains two rooms, a kitchenette and bath and has previously been rented as a residential apartment. The spacious back yard is ideal for entertaining. The owner of the adjacent piece of scarified property has announced plans to develop it into an upscale hotel, bar, waterfront restaurant, dive shop and full-service marina. The property is within 5 miles of Publix and 8 miles of Winn Dixie shopping markets and is just a few minutes' drive to Key Largos best restaurants and watering holes; including the Pilot House, Fish House, Lazy Lobster, Sun Downers, Cafe Largo, Num Thai Sushi, Denny's Restaurant (a very short walk), HoBo's Cafe, Tower of Pizza, Caribbean Club, Jimmy Johnson's Big Chill, and Gilbert's Resort to name a few. The entrance to John Pennekamp Coral Reef State Park, the nation's first undersea park, is 5 miles away, and Jacobs Aquatic Center, a world class 3-pool swim facility is just 3 miles to the north. This is easy to show on short notice.

Features

2 bedrooms
2 bathrooms
1471 sq. ft. floor area
5500 sq. ft. lot size
Single-Family

Estimated Value

Based on this property and similar 2 bedroom single-family properties sold in Key Largo over the last 12 months, the estimated median property value of 97625 Overseas Highway is $675k.

Median value
$675k
Estimated value range
$275k - $1.5m
Median days on market
46
Estimated value trend
2%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Key Largo. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 97625 Overseas Highway

2023
Sold
$720,000
06 Apr 2023 by Glenn Hoover, of Glenn Hoover Real Estate Services South Florida, Llc

Happy sellers in Key Largo

80%
80% of sellers in Key Largo reported that their sale price either exceeded or met their price expectations.

Key Largo stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Key Largo over the last 12 months.

Local market activity for 2 bedroom single-family properties in Key Largo

In the last 12 months, 15 two-bedroom single-family properties similar to 97625 Overseas Highway, have been sold.

This represents a 29% increase in two-bedroom single-family properties sales when compared to the previous 12 months.

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