1 Transferable Rogo Exemption

1 Transferable Rogo Exemption, OTHER, FL 33040
For Sale

About 1 Transferable Rogo Exemption, OTHER FL

Relatively soon Monroe County will reach 'build out', a huge milestone in the beautiful 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. The Florida Keys has been designated as an area of critical concern by the state of Florida, county building allocations are very limited in Monroe County, even at present time. 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 due to the ability of work from home, second home demand, vacation rentals, moving of wealthy retirees, successful businesses coming to Florida as well as inflation expectations. 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. Skip the county waiting list and purchase this right to begin your build much sooner or just buy it and enjoy an excellent return on your investment down the road!

Amenities

Financial Details

Sales Price:

$159,000

Zoning:

OTH - Other Zoning

Area & Lot

Status:

FOR_SALE

MLS ID:

597347

Type:

LAND

Water Frontage:

No

View Description:

No Waterview

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