Two-Lot Development Opportunity | Conch Key, Florida Keys

Combined Offering Overview

Rare opportunity to acquire two complementary parcels in Conch Key, offered together for a combined purchase price of $1,098,000, with seller financing available. The offering combines a waterfront, plan-approved development site with a second parcel containing valuable transferable ROGO allocations and approved development rights.

Reference pricing is $598,500 for 93 N Conch Key and $498,500 for 77 S Conch Key.

In a market where waterfront land, development approvals, and ROGO allocations are increasingly difficult to secure, this package provides a unique combination of existing entitlements, infrastructure improvements, and future development flexibility.

93 N Conch Key | Waterfront Site with Approved Plans

93 N Conch Key is a waterfront parcel featuring a newly constructed seawall and approved building plans, reducing both entitlement risk and pre-development timelines. Approved plans include a new dock and improvements, with potential for up to four residential units.

The property offers direct water access, open water views, and convenient access to some of the Florida Keys’ premier boating, fishing, and recreational destinations. Existing approvals and site improvements provide a meaningful head start for developers, investors, or end users seeking a build-ready waterfront opportunity.

77 S Conch Key | Development Rights and ROGO Value

77 S Conch Key is an interior parcel that includes two transferable ROGO allocations, each estimated to have a market value of approximately $149,000. Approved ROGO plans allow for development of up to four residential units, creating significant utility and flexibility for future development.

While the property is not waterfront, its value is driven by the scarcity of transferable development rights and its location within the Conch Key community, just minutes from Marathon’s marinas, restaurants, and everyday conveniences.

Investment Highlights

• Combined purchase price: $1,098,000
• Seller financing available
• Waterfront parcel with new seawall and approved plans
• Potential for up to four units at 93 N Conch Key
• Two transferable ROGO allocations included at 77 S Conch Key
• Potential for up to four units at 77 S Conch Key
• Existing approvals and development rights in place
• Opportunity for phased development, resale segmentation, or a coordinated multi-parcel strategy

Together, these properties offer a strategic acquisition combining waterfront development potential with valuable Keys development rights—an increasingly scarce combination in today’s market.