RARE WATERFRONT BUILDING OPPORTUNITY WITH IMMEDIATE BAY ACCESS! Discover the perfect opportunity to build your dream home in the desirable Pirates Cove subdivision of Key Largo! Situated on a wide canal with beautiful potential bay views and immediate access to Florida Bay, this property offers an exceptional location for boating enthusiasts. The existing 2-bedroom, 1-bathroom home is best suited for redevelopment, providing the perfect canvas to design your custom waterfront retreat. A valuable ROGO exemption letter is already in place, offering a significant advantage for new construction, subject to applicable permits and approvals. Adding tremendous value is a BRAND-NEW COMPOSITE WOOD DOCK featuring a 25,000-pound boat lift, along with a charming backyard tiki hut perfect for relaxing and entertaining. Imagine building your dream home to capture stunning bay views while enjoying incredible boating access right from your backyard! UNIQUE OPPORTUNITY TO OWN BOTH! The adjacent property at 233 Jolly Roger is also available, featuring a brand-new concrete 2-bedroom, 2-bathroom waterfront home. Purchase both properties and enjoy approximately 100 feet of waterfront! Live comfortably next door while building your dream home, or create an expansive waterfront estate with exceptional dockage and endless possibilities. A rare chance to secure two waterfront properties in the Florida Keys!