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Key Largo 33037
175 Lorelane Place
$2,650,000
● House - Off Market

175 Lorelane Place

Key Largo, FL 33037
bedrooms
5 Beds
bathrooms
5 Baths
square feet
4,395 Ft²
$3,188,369
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

On a quiet street on the canal a few blocks from the Ocean in Key Largo is this beautiful custom built home, CBS construction, elevated with concrete pilings and Concrete Roof. Boasting 5 full bedrooms & 5 full Baths. Master suite on the Second floor is amazing. Wrap around balcony's on every floor & accessible from the bedrooms. Did I mention the elevator? Beautiful polished porcelain tile floors through out home 2 zoned AC Newer units, 2 full laundry rooms on each floor. The views never stop. From the roof top Patio the Ocean stands majestic as it meets the canal. A 25,000 lb boat lift. 60 ft dock/ fish cleaning area. Travertine stone pavers completely covers the ground floor which holds the in hot tub, outdoor kitchen, fridge, shed & icemaker and a Sparkling pool!
Unit Size
4,395 Ft²
Days on Market
112 days
Land Size
0.20 acres
Price per sqft
$620
Property Type
House
Property Taxes
$1,034
HOA Dues
-
Year Built
2009

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Cap Rate Calculator

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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 #F10274385)

Price History

Date / Event Date Event Price
Jul 2, 2021 Sold
Premium
Sold
Mar 8, 2021 Listed by Keller Williams Realty Profess $2,725,000
Listed by Keller Williams Realty Profess
May 27, 2016 Sold
Premium
Sold
Oct 22, 2008 Sold
Premium
Sold

Property Highlights

Elevator
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 2009
  • Effective Year Built: 2018
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Condition: 3
  • Building Quality: 9
  • Construction Type: 4
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 4
  • Roof Cover Type: 18
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 11
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 1,189
  • Parking Space Count: 4
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 27

    Dimensions

  • Lot Size Square Feet: 8,575
  • Total Building Area: 4,395
  • Gross Building Area: 4,395
  • Building Area: 4,395
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,395
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KEY LARGO OCEAN SHORES ADD
  • Land Acres: 0000000197
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: BK 14 LT 30 KEY LARGO OCEAN SHORES ADDN-KEY LARGO-PB4-124 OR340-558 OR421-529-530 C.J. DOCKET 10-12 OR554-820 OR874-2150 OR905-1284 CASE88-336-CR-T-13/MARSHALL OR1138-2058/59/ORD OR1140-2292 OR1220-77/79/MARSH/DEED OR2385-981 OR2721-176/78 OR2799-278

Neighborhood

  • School District Name: Monroe County School District
  • Census Tract: 970500

Zoning

  • Zoning: IS

Geography

  • Assessors Map Reference: 24-32
  • Account Number: 1618811
  • Parcel: 00500960-000000
  • Block: 14
  • Lot: 30
  • Meridian: SEC 32 TWN 61S RNG 39E
  • Municipality: KEY LARGO FROM SOUTH BAY HARBO
  • Latitude: 25.0832
  • Longitude: -80.4398

    Address

  • Full Address: 175 Lorelane Pl
  • Address - House Number: 175
  • Address - Street Name: Lorelane
  • Address - Suffix Type: Pl
  • State: FL
  • City Name: Key Largo
  • Carrier Code: R005
  • 4-Digit Zip Code: 4201
  • Zip Code: 33037

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,902,757
  • Tax Rate Code Area: 500K

    Appraisal Valuation

  • Standard Deviation: 0.2509
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 64
  • Final Value: 3,861,095
  • High Value: 4,830,019
  • Low Value: 2,892,172

    Market Valuation

  • Market Total Value: $2,521,791
  • Market Land Value: $765,748
  • Market Improvement Value: $1,756,043

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,521,791
  • Assessed Land Value: $765,748
  • Assessed Improvements Value: $1,756,043

    Sales

  • Current Sale Contract Date: Jun 20, 2021
  • Current Sale Recording Date: Jul 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2328448
  • Previous Sale Recording Date: May 27, 2016
  • Previous Sale Contract Date: May 25, 2016
  • Previous Sale Amount: $1,500,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Key Largo

Stats & Trends

Median Asking:

$1,365,000

Sale Price/ft²

$660

Below Asking

0.03%

Average Days on Market

76

Average Home Size

1875 ft²

Average Home Age

28.1 years

Currently For Sale

89 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 164 Ocean Bay Drive, Key Largo, FL, 33037

$4,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,722 ft²
164 Ocean Bay Drive #3C, Key Largo, FL, 33037 Listing by Shannon Pettiford

Rentals Near You

Click here to view more rentals in the neighborhood.
BEACHES

Listed by: Dorothy F Santiago
Keller Williams Realty Profess
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# F10274385
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.

Frequently Asked Questions

When was property at 175 Lorelane Place built and last sold?
The property at 175 Lorelane Place was built in 2009 and last sold on Jun 20, 2021 for $2,650,000.
How much is this home worth?
The estimated value of the home located at 175 Lorelane Place is $0.
What are some comparable homes to 175 Lorelane Place?
There are currently no comparable homes to 175 Lorelane Place.
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