$650,000
 $3,489 est/mo Sourced by Back At You

226 Lignumvitae Drive,KEY LARGO, FL 33037

KEY LARGO, FL 33037

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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.

Details

MLS #620626
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1987
Days On Site43
Listing Provided ByColdwell Banker Schmitt Islamorada | Kristin Herold

Features

Bed(s)1
Bath(s) 1 Total
SQ Feet1,429
ZoningIS - Improved Subivision Distric
Acreage0.25
Water FrontNone
Property ViewNo Waterview

Taxes

Property1499

Area Information

StateFL
CountyMonroe
CityKEY LARGO
Zip Code33037
Area27 Key Largo MM 97 107
Community NamePamela Villa (102.5)
Listing VS Median (in Pamela Villa (102.5))
Price:
$650,000
low | high
Med:
$677,000
45.846153846154% of Average
sqft:
1,429
low | high
Med:
1,062
75.682295311407% of Average
$ / sqft:
$455
low | high
Med:
$638
9.844178388642% of Average
On site:
43
low | high
Med:
245.5
17.515274949084% of Average
Sourced by Back At You

Market Activity 33037

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Learn More About This Property

StateFL
CountyMonroe
CityKEY LARGO
Zip Code33037
Area27 Key Largo MM 97 107
Community NamePamela Villa (102.5)
Listing VS Median (in Pamela Villa (102.5))
Price:
$650,000
low | high
Med:
$677,000
45.846153846154% of Average
sqft:
1,429
low | high
Med:
1,062
75.682295311407% of Average
$ / sqft:
$455
low | high
Med:
$638
9.844178388642% of Average
On site:
43
low | high
Med:
245.5
17.515274949084% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $487K - $812K
sqft: 1,000 - 1,500
Nearby Listings Property ImageNearby Listings Details
322 Mahogany Drive Property Photo 1
$655,000
322 Mahogany Drive
Key Largo, FL 33037
239 Lignumvitae Drive Property Photo 1
$699,000
239 Lignumvitae Drive
Key Largo, FL 33037
Listing Updated: July 20, 2026 at 4:20:30 PM PDT