8 Ocean View Boulevard
Key Largo, FL 33037
Beds
2
Baths
1
Square Ft.
1,197
$599,000
Charming Key Largo Retreat Near the Water... Taking in the Bay Breeze. Just under an hour from Miami, discover this picture-perfect dollhouse nestled on sought-after Ocean View Blvd. Surrounded by magnificent waterfront estates and located just moments from world-famous Snappers, this home offers the perfect blend of charm, location, lifestyle,… Read More and investment potential. Situated on a 5,780 SF lot, this impeccably maintained home features beautiful terrazzo floors, newer A/C, newer washer and dryer, newer refrigerator, and hurricane-impact windows and doors, providing comfort and peace of mind. The spacious yard offers room for a boat, RV, or future expansion, with covered parking already in place. Whether you envision adding a pool, expanding the home, or enjoying it exactly as it is, the possibilities are endless. Previously enjoyed as a seasonal residence, the property may also appeal to buyers exploring vacation rental opportunities. Its classic Florida Keys cottage style, manageable size, and proximity to boating, diving, fishing, dining, and local attractions make it well suited for seasonal visitors. Buyers are encouraged to independently verify vacation rental regulations, licensing requirements, and projected rental income during their due diligence. Whether you're seeking a full-time residence, weekend escape, or potential income-producing investment, this Key Largo gem is ready to welcome its next owner. Your slice of the Keys lifestyle awaits! 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. Read Less
Courtesy of Compass Florida, LLC 305-697-2904
Listing Snapshot
Days Online
62
Last Updated
Property Type
Single Family Residence
Beds
2
Full Baths
1
Square Ft.
1,197
Lot Size
0.13 Acres
Year Built
1953
MLS Number
A12004569
30 Days Snapshot Of 33037
$540k
0%
(avg) sold price
0
-100%
homes sold
476
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"Dishwasher", "Disposal", "Dryer", "Electric Range", "Refrigerator", "Washer"
Building
Built in 1953, Living area: 1197, Construction materials: "CBS", Toal building area: 1197
Cooling
"Central Air", "Electric"
Fence
"Fenced"
Floors
"Terrazzo", "Tile"
Garage
1 space
Heating
"Central", "Electric"
Lot
0.13 acres, "Room for Pool"
Parking
"Attached", "Attached Garage", "Boat Access/Parking", "Covered", "Driveway", "Garage", "RV Access/Parking"
Pets Policy
Pets allowed: "No Restrictions", "Yes"
Property
Patio and porch features: "Porch - Screened", "Porch - Open", "Porch", Zoning: is
Roof
"Shingle"
Sewer
"Public Sewer"
Taxes
Annual amount: $3,736
Utilities
"Cable Available"
Windows
"Blinds"
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Mortgage Calculator
Monthly Payment
$0
Benjamin Rainey-Wright
Realtor
Thank you for reaching out! I will be able to read this shortly and get ahold of you so we can chat.
~BenjaminPlease Select Date
Please Select Type
Similar Listings
Listing Information © BeachesMLS, Inc. All Rights Reserved.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed.
Confirm your time
Fill in your details and we will contact you to confirm a time.
Find My Dream Home
Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.