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Listed by Patti Stanley Coldwell Banker Schmitt Islamorada
$ 679,000
Est. payment | /mo
$ 679,000
Est. payment | /mo
Key Details
Property Type Other Types
Listing Status Active
Purchase Type For Sale
MLS Listing ID 620693
Property Description
An exceptional opportunity to acquire two (2) Waterfront Transferable Development Rights (TDRs akaTBRs) for use within the Village of Islamorada. Offered together for $679,000, this represents an outstanding value at approximately $339,500 per TDR--well below the cost of purchasing comparable rights individually. These development rights may be transferred to an eligible receiver property within the Village, providing a rare opportunity for builders, developers, and property owners to secure valuable development potential at a discounted price. Buyer shall pay all closing costs associated with the transaction, including the Village transfer fee. A recent, successful transfer provides buyers with confidence in a proven Village transfer process. This sale does not include any real property.
Location
State FL
County Monroe
Exterior
Garage No