119 Long Key Lake Drive 1-3, Long Key, FL 33001

$1,300,000
Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 1,882 Lot Size (sq. ft.): 5,000 Status: Closed
Current Price: $1,300,000 List Date: 10/28/2025 Last Modified: 12/15/2025

Description

Discover this charming ground-level triplex nestled in the heart of the Florida Keys. Offering a serene oasis on a tranquil canal this property is perfect for multi-generational living, investment, or vacation rentals. The building features three distinct units --- each with its own kitchen and separate entrance for ultimate privacy. Unit 3 offers a spacious 2-bedroom, 2-bathroom retreat that includes a screened porch with stunning canal views, ideal for lazy days or relaxing evenings, while units 1 & 2 are each a cozy 1-bedroom, 1-bathroom apartment, perfect for guests or tenants. Units 1 & 3 have been fully updated with modern finishes and units 2 & 3 come fully furnished for turnkey convenience. Unit 2 has a newer bathroom and is freshly painted. All units have a brand new mini-split a/c and impact doors and windows. Enjoy shared outdoor laundry, available dockage for boating enthusiasts, and ample space for trailer storage and parking. Situated on a peaceful street directly across from Long Key State Park, this gem combines natural beauty with easy access to outdoor adventures as well as added privacy. Easy access to both the Atlantic and Florida Bay. It is conveniently located between Islamorada and Marathon allowing a quick trip to shopping, restaurants, galleries and more. Long Key island offers biking paths, 3 restaurants, community tennis/pickleball and some of the best kayaking that the Florida Keys has to offer. Don't miss this rare investment opportunity in paradise!

More Information MLS# 617062

Contract Information

Listing Board: Florida Keys Potential Short Sale: No Bank Owned: No Current Price: $1,300,000 Listing Date: 2025-10-28 Sold Price: $1,300,000

Location, Tax & Legal

Unit #: 1-3 City: LAYTON Mile Marker: 68 Marathon Neighborhood: N/A Side: Ocean Flood Zone: AE,AE Alternate Key #: 1474771 Parcel #: 00386640-000000 Zoning: R1 - Layton Residential/Single Deed Restrictions: No Legal: BK 1 LT 5 LONG KEY ESTATES PB3-103 LONG KEY OR527-995 OR754-1999 OR1123-81 OR1123-82CASE#88-10198-FR OR1313-1986Q/C Taxes: 8281.32 Tax Year: 2024 Pub Sewer HkUp: Yes Street #: 119 Street Name: Long Key Lake Street Suffix: Drive Key/Island: Long Key State/Province: FL Zip Code: 33001 County: Monroe Subdivision: Long Key Estates (68.0) Area: 21 - Long Key

General Property Description

Realtor.COM Type: Multi-family Waterfront: Yes Control Depth: 4 Lot SqFt: 5000 Pool: No Total Units: 0 Acres: 0.11 SqFt Source: Tax Records Rentals Allowed: With Restrictions Style: Multi-Units Year Built: 1974 Living Apx SqFt: 1882 Total Bedrooms: 4 Full Baths: 4 Total Baths: 4

Remarks & Misc

Remarks – Consumer: Discover this charming ground-level triplex nestled in the heart of the Florida Keys. Offering a serene oasis on a tranquil canal this property is perfect for multi-generational living, investment, or vacation rentals. The building features three distinct units --- each with its own kitchen and separate entrance for ultimate privacy. Unit 3 offers a spacious 2-bedroom, 2-bathroom retreat that includes a screened porch with stunning canal views, ideal for lazy days or relaxing evenings, while units 1 & 2 are each a cozy 1-bedroom, 1-bathroom apartment, perfect for guests or tenants. Units 1 & 3 have been fully updated with modern finishes and units 2 & 3 come fully furnished for turnkey convenience. Unit 2 has a newer bathroom and is freshly painted. All units have a brand new mini-split a/c and impact doors and windows. Enjoy shared outdoor laundry, available dockage for boating enthusiasts, and ample space for trailer storage and parking. Situated on a peaceful street directly across from Long Key State Park, this gem combines natural beauty with easy access to outdoor adventures as well as added privacy. Easy access to both the Atlantic and Florida Bay. It is conveniently located between Islamorada and Marathon allowing a quick trip to shopping, restaurants, galleries and more. Long Key island offers biking paths, 3 restaurants, community tennis/pickleball and some of the best kayaking that the Florida Keys has to offer. Don't miss this rare investment opportunity in paradise! Directions: Overseas Highway to Long Key Lake Drive (MM 68 - Oceanside) property is on the left with sign out front.

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No Association Fee $: 0

Fee Includes

None: 1

Dockage

Dock Length: 50 Dock: Concrete

Tax Exemptions

None: 1

Appliances

Dryer: 1 Oven: 1 Refrigerator: 1 Washer: 1

Pets

Pets Allowed: 1

Cooling

Wall/Window Unit(s): 1

Waterfront

Canal Front: 1

Waterview

Canal View: 1

Neighborhood Feature

Bike Paths: 1 Tennis Courts: 1

Property Condition

Updated/Remodeled: 1

Building Style

Above Flood: Unknown Ground Level: 1

Windows/Doors

Impact Rstnce Doors: 1 Impact Rstnce Window: 1

Vehicle Storage

Car(s): 4+ Guest Parking: 1 Open Parking: 1 Off Street Parking: 1 Trailer Storage: 1

Construction

CBS: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Furnished: 1 Unfurnished: 1

Terms

Cash: 1 Conventional: 1 FHA: 1 VA: 1

Utilities

Buyer to Verify: 1 FKAA: 1 Municipal Sewer: 1

Porch/Balcony

Screened P/B: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Sold Date: 2025-12-05 Sold Price: $1,300,000 Status: Closed

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: Canal Front Waterview: Canal View Property Condition: Updated/Remodeled Building Style: Ground Level Vehicle Storage: Guest Parking; Off Street Parking; Open Parking; Trailer Storage Furnished: Furnished; Unfurnished Cooling: Wall/Window Unit(s) Utilities: Buyer to Verify; FKAA; Municipal Sewer Appliances: Dryer; Oven; Refrigerator; Washer Construction: CBS Pets: Pets Allowed Neighborhood Feature: Bike Paths; Tennis Courts Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; FHA; VA
Listing Office: Ocean Sotheby's International Realty
Last Updated: December - 15 - 2025
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.