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1 Transferable Rogo Exemption

Key West, FL 33040
  • $150,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 599163
UPDATED: 58 min ago
$150,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

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.

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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 Infinity Group | eXp Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.keywestpropertylistings.com/homes/124689112
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1 Transferable Rogo Exemption Key West, FL 33040

  • Price: $150,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 58 min ago
  • MLS #: 599163
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
New Town
County:
Monroe
Area:
02 - Key West
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.
Exterior Features

Dockage None Side Ocean 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 Key West Control Depth 0 Deed Restrictions No Key West Neighborhood New Town Listing Board Marathon/Lower Keys Mile Marker 1.00 Mobile Home Lot No Potential Short Sale No Potential Short Sale Financial Status No Property Rights Tranfrble Dev Right Tax Exemptions None Tax Year 2022 Taxes 0.00 Zoning Ro - Residential/Office

Listing courtesy of Jonathan Minerick of Homecoin.Com.


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 Infinity 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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Infinity Group | eXp Realty
3229 Flagler Ave 103
Key West FL, 33040