16 Tarpon Ave
About This Property
The thoughtfully designed floor plan offers spacious open-concept living areas, generous bedrooms, and seamless indoor-outdoor flow. Expansive wrap-around balconies enhance the design, providing multiple vantage points to enjoy ocean breezes, tropical surroundings, and elevated views. The plans also include a spectacular rooftop deck with sweeping ocean views - the perfect setting for sunrise coffee, sunset gatherings, or entertaining under the stars.
Adding to the appeal, the neighborhood features a community beach and boat ramp, offering easy access to the water and embracing the ultimate Florida Keys boating lifestyle. The property is also conveniently located near John Pennekamp Coral Reef State Park, renowned for its world-class snorkeling, diving, and marine sanctuary.
With approvals already secured, you can bypass the lengthy permitting process and move directly toward construction. Whether you're building a luxury primary residence, vacation home, or investment property, this oversized lot and ready-to-build package offer exceptional value in one of South Florida's most desirable coastal communities.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 25, 2026 | Listed by Homesellers Real Estate Services | $675,000 | |
| Listed by Homesellers Real Estate Services | |||
| Jun 21, 2023 | No longer available | - | |
| No longer available | |||
| Jan 24, 2023 | Price Decreased |
$350,000
↓ $10K
(2.8%) | |
| Price Decreased | |||
| Jan 20, 2023 | Listed by American Caribbean Real Estate | $360,000 | |
| Listed by American Caribbean Real Estate | |||
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2 LOTS side by side total of 10,500sf - Build one or 2 homes, in this desirable Key Largo location just steps away from the private and optional bayfront park eligible only to property owners in The Riviera Village/Bowens Addition Subdivision. The members get to enjoy 3 day dockage, boat ramp, beach and sunset pier. Easy stroll to the best sunsets. Close to schools, restaurants, shops, banks, parks, marinas. Easy commute to Miami or Ocean Reef. You can work in Dade County and live in the Keys, it's a world of difference. Live as if you're on vacation.Lots 14 &15 are being conveyed.
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| Jul 10, 2021 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017