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For sale
  • $685,000

    28 Tarpon Ave, Key Largo, FL 33037

    2beds
    1,080sqft
    : 
    Single Family Residence
    Built in 1949
    0.36 Acres Lot
    $-- Zestimate®
    $634/sqft
    $21/mo HOA

    What's special

    Great investment property. This charming Keys cottage situated on 3 spacious lots, offers an incredible potential for investors to build their dream home. Located just a few blocks from Key Largo School and within minutes of local amenities, this property is ideally positioned for both convenience and seclusion. This property boasts a private waterfront homeowners' park complete with a boat ramp, a serene cove, and 72-hour dockage--perfect for boating enthusiasts. Although recently renovated this home is a tear down. Use it as is until you rebuild . The property has been brought to full compliance and offers excellent investment potential. Once the lots are no longer combined for tax purposes, you could build up to three homes on the property, making this an outstanding opportunity for development. Whether you're looking for a family retreat or an investment with future growth potential, this property is the perfect canvas. Just two minutes from the iconic Key Largo Stretch and an easy hour's drive to Miami, this is an unbeatable opportunity to own a piece of paradise with endless possibilities.
    264 days
    |
    447
    |
    17
    |

    Zillow last checked: 7 hours ago

    Listing updated: January 03, 2026 at 03:48am

    Listed by:

    Pedro 'Pete' Riveiro, PA 305-619-0257,

    The Firm Realty Group

    Source: FLKMLS,MLS#: 615785MLS LogoOriginating MLS: Florida Keys

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Central
      Appliances
      • Included: No Appliances
      Features
      • Flooring: Tile, Combination
      • Windows: Aluminum Frames, Panel
      Interior area
      • Total interior livable area: 1,080 sqft

      Property

      Features
      • Levels: Ground Level
      • Water view: None
      • Waterfront features: None, Dockage: None
      Lot
      • Size: 0.36 Acres
      • Features: Less Than 1/4 Acre
      Details
      • Parcel number: 00510350000000
      • Zoning: IS
      • Zoning description: Improved Subivision District

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Concrete, Combo Construction
      • Roof: Metal
      Condition
      • Year built: 1949

      Utilities & green energy

      • Sewer: Municipal Sewer, Public Sewer
      • Utilities for property: FKAA, Buyer to Verify

      Community & HOA

      Community
      • Features: Community Dockage, Other, Beach
      • Security: No Security
      • Subdivision: Riviera Village, Rec Amd (104.0)
      HOA
      • Has HOA: No
      • Services included: None, Other
      • HOA fee: $250 yearly
      Location
      • Region: Key Largo

      Financial & listing details

      • Price per square foot: $634/sqft
      • Tax assessed value: $577,929
      • Annual tax amount: $4,985
      • Date on market: 7/14/2025
      • Listing terms: Cash,Conventional
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        $3,583/mo

        Price history

        Price history
        DateEventPrice
        9/4/2025Listed for sale$685,000$634/sqft
        Source: Key West AOR #615785 Report a problem
        8/25/2025Contingent$685,000$634/sqft
        Source: Key West AOR #615785 Report a problem
        7/14/2025Listed for sale$685,000-0.6%$634/sqft
        Source: Key West AOR #615785 Report a problem
        7/9/2025Listing removed$689,000$638/sqft
        Source: FLKMLS #612866 Report a problem
        6/16/2025Price change$689,000-0.1%$638/sqft
        Source: Key West AOR #612866 Report a problem
        5/17/2025Price change$690,000-1.3%$639/sqft
        Source: FLKMLS #612866 Report a problem
        2/26/2025Price change$699,000-5.4%$647/sqft
        Source: Key West AOR #612866 Report a problem
        1/29/2025Price change$739,000-5.1%$684/sqft
        Source: Key West AOR #612866 Report a problem
        12/27/2024Listed for sale$779,000+20.8%$721/sqft
        Source: FLKMLS #612866 Report a problem
        9/5/2023Sold$645,000-4.4%$597/sqft
        Source: Key West AOR #605311 Report a problem
        8/4/2023Pending sale$675,000$625/sqft
        Source: FLKMLS #605311 Report a problem
        7/28/2023Price change$675,000-3.4%$625/sqft
        Source: FLKMLS #605311 Report a problem
        7/1/2023Price change$699,000-6.7%$647/sqft
        Source: FLKMLS #605311 Report a problem
        6/10/2023Price change$749,000-6.3%$694/sqft
        Source: FLKMLS #605311 Report a problem
        5/16/2023Price change$799,000+11.7%$740/sqft
        Source: FLKMLS #605311 Report a problem
        3/24/2023Listed for sale$715,000+64.4%$662/sqft
        Source: Owner Report a problem
        5/20/2020Sold$435,000-11.2%$403/sqft
        Source: FLKMLS #589124 Report a problem
        4/7/2020Price change$490,000+28.9%$454/sqft
        Source: Coldwell Banker Schmitt Real Estate Co. #589124 Report a problem
        1/31/2020Price change$380,000-22.4%$352/sqft
        Source: Coldwell Banker Schmitt Real Estate Co. #589124 Report a problem
        1/13/2020Listed for sale$490,000+88.5%$454/sqft
        Source: Coldwell Banker Schmitt Islamorada #589124 Report a problem
        8/5/2015Sold$260,000-5.5%$241/sqft
        Source: Public Record Report a problem
        5/23/2015Price change$275,000-4.8%$255/sqft
        Source: RE/MAX Keys Properties #567364 Report a problem
        5/1/2015Listed for sale$289,000+75.2%$268/sqft
        Source: RE/MAX Keys Properties #567364 Report a problem
        4/26/2012Sold$165,000-0.5%$153/sqft
        Source: Public Record Report a problem
        2/2/2012Price change$165,900-12.2%$154/sqft
        Source: Coldwell Banker Schmitt Real Estate Co. #556539 Report a problem
        1/6/2012Listed for sale$189,000+100%$175/sqft
        Source: Coldwell Banker Schmitt Real Estate Co. #556539 Report a problem
        4/6/2000Sold$94,500-14.1%$88/sqft
        Source: Public Record Report a problem
        5/7/1996Sold$110,000$102/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$5,319 +6.7%$577,929 +4.9%
        2024$4,986 +15.6%$550,857 +26.9%
        2023$4,315 +7.6%$434,150 +10%
        2022$4,011 +17.1%$394,682 +10%
        2021$3,426 +35.6%$358,802 +25.3%
        2020$2,528 $286,456 +14.2%
        2019$2,528 +13%$250,828 -8.6%
        2018$2,236 -9.2%$274,464 +1%
        2017$2,463 +1.3%$271,747 +17.9%
        2016$2,431 -2.5%$230,474 +15.3%
        2015$2,494 $199,905

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $3,830/mo
        Principal & interest
        $3341
        Property taxes
        $468
        HOA Fees
        $21
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          Climate risks

          Neighborhood: 33037

          Getting around

          16 / 100
          Car-Dependent
          54 / 100
          Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 33037

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