$150,000
1 Transferable ROGO Exemption
Key Largo, FL 33070
MLS# 599156



1 Transferable ROGO Exemption, Key Largo, FL 33070
  1 / 1  
1 Transferable ROGO Exemption, Key Largo, FL 33070

Property Description
Relatively soon Monroe County will reach 'build out', a huge milestone in the Florida Keys history. That means Monroe County will no longer issue new residential building rights/ ROGO for new home construction. Soon, there will be an imbalance between available land parcels in Monroe County and very limited building rights, which will create a huge demand for the remaining residential building rights. This residential building right / TRE is a great opportunity for investors to purchase now and sell in a few years when the county runs out of building rights or just secure your own building rights for your future dream new house construction. These rights have no property taxes or monthly carrying costs attached to them. These residential building rights will continue to increase in value due to huge demand in new construction for residential houses, which will only accelerate in future years . This residential building right/TRE can be Transferable in unincorporated Monroe County only, excluding Big Pine and No Name Key. This is a market rate residential building right/ TRE.

Details
Contract Information
Current Price: $150,000
Listing Date: 2022-01-12
Listing Board: Marathon/Lower Keys
List Price: $150,000
ROGO Exempt: Yes
Limitd Reprsntation: Yes
Potential Short Sale: No
Bank Owned: No
Location, Tax & Legal
Street #: 1
Street Name: Transferable ROGO Exemption
Key/Island: Key Largo
State/Province: FL
Zip Code: 33070
County: Monroe
Subdivision: Tavernier Sub (91.0)
Mile Marker: 91
Area: 26 - Key Largo S of MM 96.9
Marathon Neighborhood: N/A
Side: Ocean
Alternate Key #: N/A
Parcel #: N/A
Zoning: RM - Residential Medium
Deed Restrictions: No
Tax Year: 2022
General Property Description
Realtor.COM Type: Vacant Land
Waterfront: No
Remarks & Misc
Remarks – Consumer: Relatively soon Monroe County will reach 'build out', a huge milestone in the Florida Keys history. That means Monroe County will no longer issue new residential building rights/ ROGO for new home construction. Soon, there will be an imbalance between available land parcels in Monroe County and very limited building rights, which will create a huge demand for the remaining residential building rights. This residential building right / TRE is a great opportunity for investors to purchase now and sell in a few years when the county runs out of building rights or just secure your own building rights for your future dream new house construction. These rights have no property taxes or monthly carrying costs attached to them. These residential building rights will continue to increase in value due to huge demand in new construction for residential houses, which will only accelerate in future years . This residential building right/TRE can be Transferable in unincorporated Monroe County only, excluding Big Pine and No Name Key. This is a market rate residential building right/ TRE.
Status Change Info
Status: Active
Assoc/Misc Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Miscellaneous Info
Mobile Home Lot: No
Financial Status
Bank Owned: No
Potential Short Sale: No
Property Features
Tax Exemptions: None
Waterfront: None
Dockage: None
Waterview: No Waterview
Property Rights: Tranfrble Dev Right

Listing Office: Homecoin.com

Last Updated: January - 12 - 2022

1 Transferable ROGO Exemption, Key Largo, FL 33070 - MLS# 599156

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.