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Located in the heart of Key Largo, 16 Tarpon Ave presents a rare opportunity to build your dream coastal retreat on an expansive 15, 000 sq ft lot. This prime property comes with permits and fully approved plans for a stunning 2, 869 sq ft residence featuring 4 bedrooms and 3 bathrooms.
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.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$675,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $540,000 | $540,000 | $540,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.000% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.258% | 6.178% | 5.628% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,109 | $3,238 | $4,377 |
| Total Monthly Payment | $3,201 | $3,330 | $4,469 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.