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Listing Details

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School Ratings & Info

Description

Relatively soon Monroe County will reach 'build out', a huge milestone in the beautiful 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. The Florida Keys has been designated as an area of critical concern by the state of Florida, county building allocations are very limited in Monroe County, even at present time. 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 due to the ability of work from home, second home demand, vacation rentals, moving of wealthy retirees, successful businesses coming to Florida as well as inflation expectations. 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. Skip the county waiting list and purchase this right to begin your build much sooner or just buy it and enjoy an excellent return on your investment down the road!

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than KeyIsle Group | eXp Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.keyislegroup.com/homes/120555018
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1 Transferable Rogo Exemption Other, FL 33040

  • Price: $159,000
  • Status: Active
  • Updated: 60 min ago
  • MLS #: 597347
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Beds
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Baths
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½ Baths
N/A
Acres
Neighborhood:
Monroe (999.9)
County:
Monroe
Area:
98 - Other Florida
Property Description
Relatively soon Monroe County will reach 'build out', a huge milestone in the beautiful 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. The Florida Keys has been designated as an area of critical concern by the state of Florida, county building allocations are very limited in Monroe County, even at present time. 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 due to the ability of work from home, second home demand, vacation rentals, moving of wealthy retirees, successful businesses coming to Florida as well as inflation expectations. 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. Skip the county waiting list and purchase this right to begin your build much sooner or just buy it and enjoy an excellent return on your investment down the road!
Exterior Features

Dockage None Side Median Waterfront None Waterfront YN No Waterview No Waterview

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No City Other Control Depth 0 Deed Restrictions No Listing Board Marathon/Lower Keys Mile Marker 999.90 Mobile Home Lot No Potential Short Sale No Potential Short Sale Financial Status No Property Rights Tranfrble Dev RightTransfer Bldg Rights Tax Exemptions None Tax Year 2020 Taxes 0.00 Zoning Oth - Other Zoning

Listing courtesy of Mallory Pinto of Ocean Sotheby's International Realty (Marathon).


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than KeyIsle Group | eXp Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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KeyIsle Group | eXp Realty
22974 Overseas Highway
Cudjoe Key FL, 33043