FINANCING OPPORTUNITY -- ASSUMABLE VA LOAN AT 4.9%! The existing VA loan may be assumable by a qualified buyer. Buyer does NOT have to be a Veteran. Loan assumption is subject to buyer qualification, lender/servicer approval, and all applicable terms and conditions. Ask for details! Here's your chance to see the potential beyond the projects. This 3-bedroom home needs extensive updating and remodeling, including a new roof, but it also has something you can't renovate into a property: a desirable Islamorada location, an oversized lot, and Founders Park right across the street. For the buyer with vision, the ingredients are here. Concrete construction, generously sized rooms, a functional floor plan, and a kitchen that opens to the living and dining areas provide plenty of possibilities for reimagining the home. The oversized homesite adds even more potential, with extra outdoor space that can be hard to find in the Keys. And then there's the location. Walk across the street to Founders Park and enjoy the bayfront beach, community pool, public boat ramp, sports fields, playgrounds, dog park, and year-round community events. Whether boating, swimming, enjoying a sunset, or spending the day outdoors, so much of the Islamorada lifestyle is practically at your doorstep. Make no mistake--this home is a project. But for someone prepared to take it on, it's also an opportunity to renovate a home to their own taste rather than paying a premium for someone else's choices. Bring your contractor, bring your ideas, and ask about assuming the existing 4.9% VA loan. Sellers are motivated and will entertain offers.
Single-familyProperty Type
1959Year Built
8,621 sq ftLot Size
$329Price/Sq.Ft.
Listed by Realtor, Century 21 BE3 Florida Keys Larson• Century 21 BE3
The purpose of the residential single-family R1 zoning district is to accommodate homes, homeowners parks, and open space in single-family residential neighborhoods located in subdivisions and on streets where the primary land use is single-family residential. On lots fronting U.S. 1, this zoning district shall also accommodate deed restricted affordable housing of up to four units. All lots within this zoning district are platted or legally recorded; This zoning district is established within the Residential Medium RM FLUM category.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Climate risks
7/10 Flood Factor
Estimated 71-79% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
Heat Factor
We're working on getting current and accurate heat risk information for this home.
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Islamorada, FL • 33036
Average low and high temperatures (°F)
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70
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Sun exposure
97/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 22% for direct sun exposure in Islamorada. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.5 hrs
7.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 110 E Ridge Rd
$549,702
$25K under list price of $575K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $700K to $2.4M.