$1,300,000
●
House -
Off Market
121 Grassy Road
Key Largo, FL 33037
3 Beds
2 Baths,
2
Half Baths
2,160 Ft²
$1,502,496
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model
About This Property
This pristine bayfront water access furnished home delivers the
lifestyle you've been looking for.2019 white metal roof. Enter this
secure property through your own motorized gate. New aluminum
railings, stairwells, balconies, and backyard spiral staircase
enhancing the appeal and extend living space to take in that
tranquil island vibe. Front vinyl composite decking on the porch,
impact glass windows and doors,2 tikis huts-10'x20' and 10'x10',15k
lb boat lift on the canal.2 new 2017 Lennox ac units. Enter the
home to new porcelain plank flooring, plush new carpeting upstairs,
New remodeled kitchen with upgraded appliances including under
cabinet ice maker, quartz counters and backsplash, stainless steel
farmhouse sink with upgraded faucets, 3 lazy susans for efficient
use and storage in your chef's kitchen.,crown molding throughout
the home, new wood interior doors throughout the home, professional
custom paint in neutral colors, plantation shutters, Zebra blinds,
alarm system with 6 cameras, guest bath with 2 vessel sink
vanities, Grandmaster overlooking the bay, large walk-in closets
with custom builtins in all the bedrooms. Outside built-in grill
and kitchen. The northernmost part of the Florida Keys makes it the
most desirable location to enjoy the island with the quickest
travel time, only 45 minutes from Miami. This fully furnished home
has all that you need to enjoy and relax at your dream destination.
Unit Size
2,160 Ft²
Days on Market
16 days
Land Size
0.15 acres
Price per sqft
$602
Property Type
House
Property Taxes
$326
HOA Dues
-
Year Built
2008
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (Beaches MLS #R10731081)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 14, 2024 | No longer available | - | |
| No longer available | |||
| Apr 4, 2024 | Listed by Water Vista Realty LLC | $1,798,000 | |
| Listed by Water Vista Realty LLC | |||
| | |||
|
KEY LARGO WATERFRONT - BEAUTIFULLY RENOVATED FEATURING THE FINEST MATERIALS AND CRAFTSMANSHIP, CONCRETE-HARDIBOARD, 3 BEDROOMS 2 FULL BATHROOMS AND 2 HALF BATHROOMS, CONCRETE STILTED HOME BUILT IN 2008, BEING SOLD TURNKEY! Beautiful Water Vistas of Blackwater Sound Bay Sunsets and Sunrises from Patios. New Hurricane Impact Windows and Doors. Aluminum White Metal Roof. New Tile Flooring and Carpeting. Renovated Kitchen with Kraft Maid Cabinets, Custom Lighting, Stainless Steel Appliances, Gorgeous Granite Counters, Under Counter Ice Maker. Two New Air Conditioner Air Handlers with Catch Pans and Float Switches. ADT Home Security System Owned, Burglar, Smoke and Cameras. Sea Wall 60' Composite Deck, 15K Heavy Duty Boat Lift, Electric and Water. Two Tiki Huts: Summer Kitchen with a New Stainless Steel Gas Grill, Stainless Steel Sink, Refrigerator, Electric Outlet. Giant Secured Work Shop-Storage Room with additional Refrigerator, Freezer, and Ice Maker. Two Entrance Electric Gates with Heavy-Duty Commercial Motors. Brick Paver Driveway. Outdoor Gas Fire Pit. Fenced Yard. Newly Renovated Ground Floor Bathroom. Two Covered Carports, and Open Area Parking: RVs, Autos, Boats, Jet Skis! Outdoor Shower. Ocean-Bay Access in Minutes to World Class Fishing and Diving. ONLY 45 MINUTES to MIAMI. NO HOA, NO FEES! LAKE SURPRISE LUXURY WATERFRONT LIVING - PARADISE AWAITS! The manager has listed the unit size as 2160 square feet.
| |||
| Mar 3, 2024 | No longer available | - | |
| No longer available | |||
| Sep 19, 2023 | Price Decreased |
$1,950,000
↓ $200K
(9.3%) | |
| Price Decreased | |||
| Aug 10, 2023 | Listed by Water Vista Realty LLC | $2,150,000 | |
| Listed by Water Vista Realty LLC | |||
| | |||
|
KEY LARGO WATERFRONT - BEAUTIFULLY RENOVATED FEATURING THE FINEST MATERIALS AND CRAFTSMANSHIP, CONCRETE-HARDIBOARD, 3 BEDROOMS 2 FULL BATHROOMS AND 2 HALF BATHROOMS, CONCRETE STILTED HOME BUILT IN 2008, BEING SOLD TURNKEY! Beautiful Water Vistas of Blackwater Sound Bay Sunsets and Sunrises from Patios. New Hurricane Impact Windows and Doors. Aluminum White Metal Roof. New Tile Flooring and Carpeting. Renovated Kitchen with Kraft Maid Cabinets, Custom Lighting, Stainless Steel Appliances, Gorgeous Granite Counters, Under Counter Ice Maker. Two New Air Conditioner Air Handlers with Catch Pans and Float Switches. ADT Home Security System Owned, Burglar, Smoke and Cameras. Sea Wall 60' Composite Deck, 15K Heavy Duty Boat Lift, Electric and Water. Two Tiki Huts: Summer Kitchen with a New Stainless Steel Gas Grill, Stainless Steel Sink, Refrigerator, Electric Outlet. Giant Secured Work Shop-Storage Room with additional Refrigerator, Freezer, and Ice Maker. Two Entrance Electric Gates with Heavy-Duty Commercial Motors. Brick Paver Driveway. Outdoor Gas Fire Pit. Fenced Yard. Newly Renovated Ground Floor Bathroom. Two Covered Carports, and Open Area Parking: RVs, Autos, Boats, Jet Skis! Outdoor Shower. Ocean-Bay Access in Minutes to World Class Fishing and Diving. ONLY 45 MINUTES to MIAMI. NO HOA, NO FEES! LAKE SURPRISE LUXURY WATERFRONT LIVING - PARADISE AWAITS! The manager has listed the unit size as 2160 square feet.
| |||
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Property Highlights
Parking Available
Garage
Air Conditioning
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Key Largo
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Listed by: David R Deschino
The Keyes Company
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# R10731081
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
The Keyes Company
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# R10731081
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