8 Ocean View Boulevard, Key Largo, Florida 33037

Description

Owner financing may be considered for qualified purchasers acquiring the property as a non-homestead/non-owner-occupied residence with a minimum $400,000 down payment. Illustrative terms include 9% interest, 30-year amortization, and a 5-year balloon with principal and interest payments only. All financing is subject to seller approval. Charming Key Largo retreat just under an hour from Miami, nestled on sought-after Ocean View Blvd and surrounded by magnificent waterfront estates near world-famous Snappers. This impeccably maintained Florida Keys cottage sits on a 5,780 SF lot and features terrazzo floors, hurricane-impact windows and doors, newer A/C, refrigerator, washer and dryer, plus covered parking. The spacious yard offers room for a boat, RV, pool, or future expansion. Previously enjoyed as a seasonal residence, the property may also appeal to buyers seeking a vacation home or potential investment opportunity. Its location provides easy access to boating, fishing, diving, waterfront dining, and the best of the Keys lifestyle. Buyers should independently verify vacation rental regulations, licensing requirements, and projected rental income during due diligence. Whether you’re searching for a full-time residence, weekend escape, or investment, this Key Largo gem is ready to welcome its next owner. 8 OCEAN VIEW BOULEVARD • KEY LARGO, FLORIDAVacation Rental Investment SummaryFlorida Keys Cottage with Exceptional Vacation Rental PotentialThis charming two-bedroom, one-bath Florida Keys cottage presents an excellent opportunity for buyers seeking either a seasonal residence, second home, or potential vacation rental investment in the Upper Florida Keys.While the property has not been operated as a vacation rental during the current owner’s ownership, it has a successful history as a professionally managed vacation rental under the previous owner.Property Highlights• Two-bedroom, one-bath single-family home• Classic Florida Keys cottage design• Non-waterfront location with easy access to marinas, restaurants, boating, diving, and fishing• Can be conveyed substantially furnished (excluding the furnishings in the owner’s bedroom and select personal items)• Ideal size for couples, small families, anglers, divers, and seasonal visitors• Located just minutes from Tavernier and numerous Florida Keys attractionsProven Vacation Rental HistoryAccording to the previous owner, the home enjoyed consistent occupancy throughout much of the year while professionally managed by local vacation rental companies.The previous owner’s typical rental pattern included:July through AugustPrimarily rented to visitors from Miami and South Florida.Mid-September through Late OctoberOccupied by the owner following his return from Minnesota.Late October through March, April, and sometimes MayRented primarily to Canadian visitors and Midwestern “snowbirds.”This annual cycle reportedly produced strong occupancy while allowing the owner to enjoy the property personally each year.Why This Home Worked So WellWhen purchasing the home, the current owner was told something that has always stood out:”I never wanted a large vacation rental because people would tell me six guests were coming, and fifteen or twenty would show up. Having one bathroom naturally limits the number of people who actually stay in the home.”This philosophy helped create a vacation property ideally suited for responsible occupancy by couples and small families while minimizing overcrowding.Added Guest AppealThe previous owner enhanced the guest experience by partnering with local businesses that offered:• Discounted boat rentals• Jet ski and wave runner rentals• Preferred pricing on water activities• Dining discounts at Snappers Oceanfront RestaurantThese added amenities reportedly contributed to the property’s popularity among repeat visitors.Estimated Vacation Rental PerformanceBased upon current market activity for professionally managed non-waterfront two-bedroom homes in Key Largo and Tavernier:Typical Nightly RatesPeak Season (December – April)Approximately $275–$425 per nightShoulder Season (May – June & October – November)Approximately $225–$325 per nightSummer Season (July – September)Approximately $175–$275 per nightEstimated Annual Rental PerformanceProfessionally managed vacation homes of similar size may achieve:• Average Daily Rate (ADR): $275–$325• Estimated Occupancy: 55%–70%• Estimated Annual Gross Rental Income:Approximately $55,000–$80,000Actual performance will vary based upon management, marketing, furnishings, guest reviews, seasonality, owner usage, market conditions, and governmental regulations.Why Buyers Love This Property? Authentic Florida Keys cottage character? Comfortable size for couples and small families? Low-maintenance ownership? Opportunity to purchase substantially furnished? Convenient location near restaurants, marinas, boating, fishing, diving, and local attractions? Attractive to Canadian winter visitors and Midwestern seasonal residents? Potential second home with supplemental rental income________________________________________Due Diligence RecommendationProspective purchasers are encouraged to independently evaluate the property’s vacation rental potential during their inspection period by consulting with experienced Upper Florida Keys vacation rental management companies.Suggested resources include:• Star Properties Destinations• Oasis Vacation Rentals• Coastal Vacation Rentals of the Florida KeysThese firms can provide:• Written rental projections• Expected occupancy levels• Average nightly rental rates• Management fees• Marketing recommendations• Property improvement suggestions• Current market trends________________________________________Important DisclosureThis property has not been operated as a vacation rental by the current owner. The rental history described herein was provided by the previous owner and is believed to be reliable but has not been independently verified.The rental rates, occupancy estimates, and annual income figures presented are intended solely as general market information based on comparable vacation rental activity in Key Largo and Tavernier. They are not guarantees, projections, or representations of future income.Prospective purchasers should conduct their own independent due diligence regarding licensing requirements, Monroe County regulations, insurance, management, expenses, occupancy, and projected rental income before purchasing the property.Whether you are seeking a charming Florida Keys getaway, a seasonal residence, or a home with vacation rental potential, 8 Ocean View Boulevard offers a unique opportunity to enjoy the relaxed Keys lifestyle while exploring the benefits of short-term rental ownership.