Duplex in 978 Gibraltar Road, Key Largo, FL 33037 for sale with MLS# B26033415
This two-story duplex in Winston Park, Key Largo offers 3,794 square feet of finished space designed for ownership and income potential. The dual-unit layout provides flexibility-whether you occupy one side while generating revenue from the other, or lease both units for consistent cash flow. The substantial square footage across two floors delivers versatility for customization and tenant appeal. Well-positioned in an established community, this property combines residential livability with investment fundamentals that support long-term value. cap rate 6.2%
978 Gibraltar Road, Key Largo, FL 33037
Price
- Price:
- $680,000.00
- Original List Price:
- $680,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $179.23
Lease Details
- Tenant Pays:
- Electricity, Common Area Maintenance, Water, Sewer, Cable Tv
Property Status and Type
- Listing Type:
- For Sale
- Status:
- Active
- Special Sale Conditions:
- Standard
- Listing Category:
- Residential Income (Multifamily 2-4)
- Property Type:
- Duplex
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- May 27, 2026 6:13 pm
- Other Special Conditions:
- Sold As-is, Flood Insurance Required
Measures
- Living Area:
- 3,794 Sqft
- Built-Up Area:
- 3,794 Sqft
- Lot Area:
- 5,125 Sqft
- Building Area Source:
- Public Records
- Living Area Source:
- Public Records
- Lot Size Acres:
- 0.12
Property Features
- View from the Property:
- Garden
- Waterfront:
- No
- Exterior:
- Storage, Garden
- Laundry:
- Common Area
- Air Conditioning
- Air Conditioning System:
- Central Air, Ceiling Fan(s)
- Heating
- Heating System:
- Central
- Road Responsibility:
- Public Maintained Road
Construction
- Year Built:
- 1984
- Roof:
- Flat
- Number of Units Total:
- 2
- Levels:
- Two
- Construction Materials:
- Other, Concrete
- Flooring:
- Ceramic Tile
- Number of stories:
- 2
- Structure Type:
- Duplex
- Number of Units in the Community or Building:
- 2
- Road Frontage Type:
- City Street
- Foundation Details:
- Piling
- Flood Zone Code:
- AE
- Property Condition:
- Resale
Taxes and Expenses
- Tax Annual Amount:
- $4,605.05
- Tax Year:
- 2025
- Tax Assessed Value:
- $377,120.00
- Property Tax Details:
- Tax Reflects No Exemptions
Utilities
- Sewer:
- Public Sewer
- Electric:
- 100 Amp Service
- Utilities Available:
- Cable Available, Electricity Available, Sewer Available, Water Available
- Water Source:
- Public
Community
- Pets Allowed?:
- Yes, Dogs Ok, Cats Ok
- Subdivision Name:
- WINSTON PARK
- Senior Community:
- No
- Restrictions:
- Other Restrictions, No Smoking
- Leasing Permitted
- Leasing Permitted Details:
- Okay To Lease
Terms
- Documents Available:
- Rent Rolls, Deposit - Security
- Listing Terms Considered by Seller:
- Cash, Conventional, FHA
- Buyer Possession:
- Close Of Escrow
- Negotiable Seller Concessions
Zoning and Legal
- Tax Legal Description:
- BK 1 LT 18 WINSTON PARK SUB PB4-104 KEY LARGO OR297-77 OR644-744Q 0R725-791/92 OR833-810 OR833-811 OR896-1608 OR998-1330 OR1124-587 OR1325-1
- Real Estate Folio Number (Parcel Number):
- 00545530000000
- Zoning:
- is
Public Schools Assigned
- Elementary School:
- Kelsey L. Pharr
- High School:
- Coral Shores
- Middle Or Junior School:
- Key Largo
Listing History
- Active on the market since:
- May 27, 2026
- Listing Agreement executed on:
- May 27, 2026
- Listing Status Last Changed On:
- May 27, 2026 6:13 pm
- Photos updated on:
- September 2, 2026 4:11 pm
- Last Modified:
- November 5, 2026 8:03 pm
Additional Information
- Courtesy of:
- Charles Rutenberg Realty FTL
- Attribution:
- Not provided
- Road Surface Type:
- Asphalt
Location
- Street Name:
- Gibraltar
- Street Number:
- 978
- City:
- Key Largo
- State:
- Florida
- Zip Code:
- 33037
- County:
- Monroe
- Latitude:
- N25° 7' 16.5''
- Longitude:
- W81° 35' 23''
- Street Suffix:
- Road
Property Map
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Median Household Income
$80,911
Median Home Value
$660,700
Median Rent
$1,896/mo
Median Age
54
Population
13,674
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