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KAROL MARSDEN, PA          305-395-1975          karolrealtor@gmail.com

226 Lignumvitae Drive, Key Largo, FL 33037

$650,000
Property Type: Residential Bedrooms: 1 Baths: 1 Square Footage: 1,429 Lot Size (sq. ft.): 10,700 Status: Active
Current Price: $650,000 List Date: 7/14/2026 Last Modified: 7/15/2026

Description

A smart buy in the heart of the Upper Keys. This 1,429-square-foot single-family home sits on an oversized double lot (50x107 each) totaling 10,700 square feet -- a rare amount of land for Key Largo, offering room to expand, add a pool, or simply enjoy extra space that's increasingly hard to find on the island. Priced at a point that's tough to beat, it's ideal for an investor, first-time buyer, or anyone looking to build equity in one of South Florida's most in-demand markets. Sold as-is, this property is a strong candidate with the double lot adding meaningful upside for future development or expansion. Located in an X Flood Zone, the property offers a real advantage on insurance costs compared to many Keys homes in higher-risk zones -- a key factor for both owner-occupants and investors calculating carrying costs. Key Largo's year-round tourism and steady demand for both long-term and vacation rentals make this an opportunity worth a serious look. No direct water access further keeps carrying costs (insurance, HOA) more manageable than comparable waterfront listings nearby -- while still delivering easy access to Florida Bay, the Atlantic, and everything the Keys lifestyle offers just minutes away. Whether you're adding to a real estate portfolio or looking for an entry point into the Keys market with room to grow, 226 Lignumvitae is priced and positioned to perfom. Please call for details.

More Information MLS# 620626

Contract Information

Listing Board: Florida Keys As is Rght to Inspct: Yes Species List: No Current Price: $650,000 Listing Date: 2026-07-14 List Price: $650,000

Location, Tax & Legal

City: KEY LARGO Off Shore Island: No Mile Marker: 102.5 Marathon Neighborhood: N/A Senior Community YN: No Side: Ocean Flood Zone: X,0.2 PCT ANNUAL CHA Alternate Key #: 1569119 Parcel #: 00465690-000000 Zoning: IS - Improved Subivision District Deed Restrictions: No Legal: BK 9 LTS 9 - 10 PAMELA VILLA PB3-125 KEY LARGO OR554-992 OR606-811 OR625-130 OR626-817 OR787-751 OR821-133 OR871-2216 OR Taxes: 1499.32 Tax Year: 2025 Pub Sewer HkUp: Yes Street #: 226 Street Name: Lignumvitae Street Suffix: Drive Key/Island: Key Largo State/Province: FL Zip Code: 33037 County: Monroe Subdivision: Pamela Villa (102.5) Area: 27 - Key Largo MM 97-107

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: No Control Depth: 0 Lot Size: 100x107 Lot SqFt: 10700 Pool: No Lot Sqft Source: Tax Records Total Units: 0 Acres: 0.25 SqFt Source: Tax Records Rentals Allowed: Yes Style: Single Family Year Built: 1987 Living Apx SqFt: 1429 Total Bedrooms: 1 Full Baths: 1 Total Baths: 1

Remarks & Misc

Remarks – Consumer: A smart buy in the heart of the Upper Keys. This 1,429-square-foot single-family home sits on an oversized double lot (50x107 each) totaling 10,700 square feet -- a rare amount of land for Key Largo, offering room to expand, add a pool, or simply enjoy extra space that's increasingly hard to find on the island. Priced at a point that's tough to beat, it's ideal for an investor, first-time buyer, or anyone looking to build equity in one of South Florida's most in-demand markets. Sold as-is, this property is a strong candidate with the double lot adding meaningful upside for future development or expansion. Located in an X Flood Zone, the property offers a real advantage on insurance costs compared to many Keys homes in higher-risk zones -- a key factor for both owner-occupants and investors calculating carrying costs. Key Largo's year-round tourism and steady demand for both long-term and vacation rentals make this an opportunity worth a serious look. No direct water access further keeps carrying costs (insurance, HOA) more manageable than comparable waterfront listings nearby -- while still delivering easy access to Florida Bay, the Atlantic, and everything the Keys lifestyle offers just minutes away. Whether you're adding to a real estate portfolio or looking for an entry point into the Keys market with room to grow, 226 Lignumvitae is priced and positioned to perfom. Please call for details.

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No Association Fee $: 0

Fee Includes

None: 1

Dockage

None: 1

Tax Exemptions

Homestead: 1

Appliances

Dishwasher: 1 Dryer: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1 Washer: 1

Pets

Pets Allowed: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Property Condition

Fixer Upper: 1

Building Style

Above Flood: Yes

Vehicle Storage

Carport: 1

Construction

Concrete: 1

Land Size

More than 1 Lot: 1

Utilities

FKAA: 1

Roof

Concrete Roof: 1

Status Change Info

Status: Active

Property Features

Fee Includes: None Tax Exemptions: Homestead Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Fixer Upper Vehicle Storage: Carport Utilities: FKAA Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Construction: Concrete Roof: Concrete Roof Pets: Pets Allowed Land Size: More than 1 Lot

Room Information

Bedroom 1 Level: Main Living Room Level: Main
Listing Office: Coldwell Banker Schmitt Islamorada
Last Updated: July - 15 - 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.