1 / 43222 2nd Rd, Key Largo FL 33037
Key Largo, FL
List Price
$899,999
Type
Single Family
Bedrooms
3
Bathrooms
2
Price / SqFt
$578/sqft
Price reduction
Distressed / value-add opportunity
From the listing
Paradise in an X Flood zone, in one of the sought out communities in Key Largo! Close to the mainland, yet far enough away to feel that Florida Keys Vibe. This home was been COMPLETELY gutted, and turned into the ultimate pool home. Not a single details was overlooked from the pavers, to the impact windows and doors. Screened in porch, which leads to your pool oasis with an outdoor shower. The inviting kitchen with room for everyone. Fenced back yard provides privacy. The primary suite is a MUST See, along with two additional bedrooms. The home owners park features a Tiki Hut and a boat ramp, with easy access to the bay and the ocean. Homeowners park is $150 a year.
Property Information
- Square Feet
- 1,556
- Units
- 1
- Days on Market
- 193
- Status
- active
Location
- County
- Monroe County
- Zip Code
- 33037
- Coordinates
- 25.1428, -80.3955
Represented by Academia
Academia Real Estate Corp can represent you on this property. Use the inquiry form to have a licensed broker reach out with full details and next steps.
Permit history
Permit records
Live permit data isn’t available via open data for this jurisdiction yet — check the official record directly.
Private inquiry
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Why this deal
- 0% off original list price
- Value-add opportunity
- Represented end-to-end by Academia
- Active listing — move quickly
Deal Score
60/100
Fair
is scored →
Scored neutral: our comparable-sale selection is being rebuilt so that it no longer references the asking price, and we will not score equity from an estimate we are not willing to publish.
0.0% off original list (full marks at 25%+).
193 days on market (full marks at 120+ — more time = more leverage).
Strong motivation language (as-is, short sale, foreclosure, estate, or heavy reno).
A screen of the public MLS data we have — not an appraisal, valuation, or investment advice. Factors marked “assumed” were missing from the feed and scored neutral.
Deal scorecard
How four stakeholders read this deal
Strengths
- Flood zone X — outside the Special Flood Hazard Area; flood insurance not federally mandated
Risks
- Negative estimated equity — buying above estimated ARV, verify comps
- conventional financing unlikely; cash or hard-money only
- thin equity — lender-unfriendly LTV (≈ 106% of ARV)
What a super-investor sees
Investor
Investor equity estimate based on ARV from closed MLS comps minus list price and estima…
- Negative estimated equity — buying above estimated ARV, verify comps
What a bank sees
Lender / financing
Lender financeability estimate based on list price, ARV, and condition signals. Not a f…
- conventional financing unlikely; cash or hard-money only
- thin equity — lender-unfriendly LTV (≈ 106% of ARV)
What an insurer sees
Insurance / 4-point
Insurability read from roof, electrical, plumbing and HVAC ages in the public record. M…
- Flood zone X — outside the Special Flood Hazard Area; flood insurance not federally mandated
What a GC / AHJ sees
Permits / condition
We do not yet cover permit records in Monroe County, so no permit search was run. Verify directly with the building department.
4-point — last permit
- Roofnot covered
- Electricalnot covered
- Plumbingnot covered
- HVACnot covered
Estimates from public data — not an appraisal, insurance quote, or financing commitment. Insurability as of 2026-09-09. Verify with licensed professionals.
Deal calculator
Value-add deal calculator
222 2nd Rd, Key Largo FL 33037, Key Largo, FL
ARV is seeded from the asking price, not from comps — enter your own after-repair value. We are rebuilding comparable-sale selection so it no longer references the ask, and we will not pre-fill this field from an estimate we are not publishing.
Recommended max offer
$466,707
Room vs list (above list)
$433,292
Est. equity
-$225,600
-25% of ARV, at list
ROC at list
-20%
Est. all-in at list
$1,125,599
list + rehab + txn + carry
70% rule MAO
$517,999
Estimates only — not investment advice or an offer. ARV is drawn from recent closed comps; rehab from a rate-card range. Verify ARV, rehab, and all costs with a licensed professional before acting.