This partially CLEARED WATERFRONT LOT includes all county ROGO approved plans for a custom built 1,280 square foot 3BR 2BA house. Includes army corps and DEP permits for a filled lot & plans for a 60 by 8 foot dock approval. Excellent BOATING with open water access via canal with a 4 foot control depth. Close to restaurants & bars like Kiki's, Boondocks, Looe Key Tiki, Square Grouper. Final building permits expected by end of the year. Please see all documents for floor plans, dock plans, ROGO permit release list, and more. Dock & house construction not included. Price will change as progress continues. Make an offer today! Buyer to confirm with Monroe County. 2 more points will be issued in November. Please see documents tab for all plans and permit updates. Agent is related to owner.
Property Details
Property Features
Listing Office:
Office Name: Expert Realty LLC
Office Phone: (305) 587-7330
Listing Agent: Natallie Liz
Exterior Features
Exterior Information:
Waterfront: Canal
View: Bay, Canal
Lot Features
Lot Information:
Lot: Rectangular Lot
Lot Size: 0.25 Acres
Other
Directions Information:
Directions: Turn from US 1 onto Barry then left on Meyer and right on Powell.
Price Information
Listing Price Info
Price Summary:
List Price: $389,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Lower Keys, FL.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,009
Per Month
Principal & Interest
$1,942
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,233
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Big Pine Academy
30220 Overseas Hwy
Distance between this listing and this school1.87 miles
Public Charter Grades PK-5
5
/10
Stanley Switlik Elementary School
3400 Overseas Hwy
Distance between this listing and this school18.73 miles
Public District Grades PK-5
4
/10
Gerald Adams Elementary School
5855 College Rd
Distance between this listing and this school23.25 miles
Public District Grades PK-5
Nearby Schools
6
/10
Sugarloaf School
255 Crane Blvd
Distance between this listing and this school8.88 miles
Public District Grades PK-8
8
/10
Sigsbee Charter School
939 Felton Rd
Distance between this listing and this school24.98 miles
Public Charter Grades KG-8
3
/10
Horace O'Bryant School
1105 Leon St
Distance between this listing and this school26.22 miles
Public District Grades PK-8
Nearby Schools
4
/10
Marathon Middle High School
350 Sombrero Beach Rd
Distance between this listing and this school19.69 miles
Public District Grades 6-12
5
/10
Key West High School
2100 Flagler Ave
Distance between this listing and this school25.68 miles
Public District Grades 9-12
4
/10
Somerset Island Preparatory
1908 Flagler Ave
Distance between this listing and this school25.81 miles
The neighbors living near this home have an average income of $52,819. Most Lower Keys, FL residents have annual incomes between $35k-100k. Most families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 518 Powell Ave
What is the listing price of this property?
The listing price of 518 Powell Ave property is $389,000.
What type of property is this?
The property 518 Powell Ave is land located in Lower Keys, Florida, 33042.
Is this property for sale now?
Active Listing: 518 Powell Ave is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 518 Powell Ave in Lower Keys, FL and zip code 33042. This home sits on a 0.25 acre lot. It has been listed on Rocket Homes since September 30, 2024 and is currently priced at $389,000.
Between September 2024 and October 2024, Lower Keys, FL real estate market has seen increase in the number of listings by 50%. In October 2024, listings were on the market for 85 days. During the same period, the median list price in this real estate market was $1,285,000.
From Rocket Homes Real Estate and based on county public records data.