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Key Largo

Key Largo

Located in Monroe County

$1,676,694 Average Value
$676 Average Price per Sq Ft
48 Homes For Sale

Upper Key offers nautical adventures and an Old Florida vibe

Surrounded by azure waters filled with attractions below, Key Largo is known as “The Diving Capital of the World.” Yet that only scratches the surface of this island community’s allure. Key Largo, which is 18 miles from the Florida mainland, is a sunny, fun-filled paradise -- a haven for boaters, anglers and adventure seekers. It radiates with the energy of the Old Florida Bohemian vibe that made the Keys famous. “It’s the first Key, and the best Key, in my opinion,” says Alberto Martinez, a native and Realtor for Keller Williams. “We joke that we’re a drinking town with a fishing problem.”

You can go kayaking at John Pennekamp Coral Reef State Park while living in North Key Largo, FL.
You can go kayaking at John Pennekamp Coral Reef State Park while living in North Key Largo, FL.
Have a great day fishing while living in North Key Largo, FL.
Have a great day fishing while living in North Key Largo, FL.
Take a walk at Dagny Johnson Key Largo Hammock Botan while living in North Key Largo, FL.
Take a walk at Dagny Johnson Key Largo Hammock Botan while living in North Key Largo, FL.
Welcome to the beautiful North Key Largo, FL.
Welcome to the beautiful North Key Largo, FL.
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Recreation and tourism drive the Key Largo economy

The island's accessibility — just 60 miles south of Miami — and water-based attractions have made it an increasingly popular destination for "weekend warriors" from the north. "What I've been noticing is that a lot of people from Miami are coming down here after they work in the city Monday through Friday," Martinez says. These visitors are a welcome addition to the island's recreation-tourism industry, the biggest driver of the local economy. That includes fishing charters, snorkeling and diving expeditions, as well as hotels, restaurants and retail.

Crocodile Lake National Wildlife Refuge in North Key Largo is a great place for a visit.
Crocodile Lake National Wildlife Refuge in North Key Largo is a great place for a visit.
Visit the aquirium at John Pennekamp Coral Reef State Park while living in North Key Largo, FL.
Visit the aquirium at John Pennekamp Coral Reef State Park while living in North Key Largo, FL.
Pattle board your way through John Pennekamp Coral Reef State Park.
Pattle board your way through John Pennekamp Coral Reef State Park.
Have a fun beach day at John Pennekamp Coral Reef State Park while living in North Key Largo.
Have a fun beach day at John Pennekamp Coral Reef State Park while living in North Key Largo.
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Housing costs up post-COVID

Key Largo has a median home price of $875,000 — more than double the Florida median. Housing prices have soared in recent years, primarily due to interest from out-of-town homebuyers. "The market since the pandemic has gone through the roof," Martinez says. "Affordability in Key Largo is really not there. A lot of people from Miami and Coral Gables are coming down here to buy homes. In a way, the Keys is becoming like The Hamptons." As a result, new residents are pricing out the locals, and many properties serve as second homes or rentals. "A lot of people who work here are living in Homestead [about 30 miles north on the mainland]. That's becoming more of a trend," Martinez says.

Single-family homes range from cozy cottages to multimillion-dollar waterfront estates. Private boat docks are a common feature. Condos and contemporary townhouses are also available. Homebuyers should be aware that during hurricane season, they face a severe risk of flooding and wind damage and that their insurance rates will be affected.

Find gorgeous Spanish-revival style homes in Ocean Reef Club in North Key Largo, FL.
Find gorgeous Spanish-revival style homes in Ocean Reef Club in North Key Largo, FL.
Modern condominums are available at Ocean Reef Club in North Key Largo, FL.
Modern condominums are available at Ocean Reef Club in North Key Largo, FL.
Ocean Reef Club community makes up a large part of North Key Largo, FL.
Ocean Reef Club community makes up a large part of North Key Largo, FL.
Find your pefect home in Ocean Reef Club community, north of North Key Largo, FL.
Find your pefect home in Ocean Reef Club community, north of North Key Largo, FL.
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John Pennekamp Coral Reef State Park for undersea adventures

Key Largo's recreational options revolve mostly around boating, fishing and diving. John Pennekamp Coral Reef State Park features reefs teeming with marine life, whose vibrant colors and diversity can be experienced through snorkeling and glass-bottom boat tours at a unique undersea park. It is also home to the underwater Christ of the Abyss statue and the Jules' Undersea Lodge, the world's only underwater hotel. Additional amenities include beaches, boat ramps and campgrounds.

More traditional parks include Rowell's Waterfront Park, Key Largo Community Park with athletic amenities, and Dagny Johnson Key Largo Hammock Botanical State Park with miles of trails amid lush landscape.

Popular dining and nightlife includes Jimmy Johnson's Big Chill

Many restaurants are set along U.S. Highway 1, aka the Overseas Highway, on the beach or on inlets with dockside dining. "I always recommend Key Largo Fisheries," Martinez says. "It's a market with a nice little café in the back. And now they have a bar. That place is really popular. There's also Jimmy Johnson's Big Chill and The Fish House, which has been around for 40 years or so." The beachfront Caribbean Club, made famous in the movie "Key Largo" starring Humphrey Bogart, is popular among tourists and residents alike. "It's really a late-night spot," Martinez says.

Supermarkets and small businesses are concentrated along the Overseas Highway, including the Tradewinds Shopping Center with a Publix.

Key Largo's signature events include festivals celebrating food and drink, like the Key Largo Seafood Wine, Spirits, & Beer Pairing Festival in March. There's also a 4th of July Parade and in the fall, Reef Fest, with ocean activities.

Enjoy friendly company at Blackwater Siren in North Key Largo, FL.
Enjoy friendly company at Blackwater Siren in North Key Largo, FL.
The Buzzard's Roost in North Key Largo, FL has friendly service and delicious food.
The Buzzard's Roost in North Key Largo, FL has friendly service and delicious food.
Enjoy a gorgeous waterfront view while enjoy delicious seafood meals at The Buzzard's Roost.
Enjoy a gorgeous waterfront view while enjoy delicious seafood meals at The Buzzard's Roost.
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Coral Shores High School is the top-rated school in Monroe County

Students are served by the Monroe County School District, which earns a B-plus from Niche. Key Largo School is a public K-8 institution rated B-minus by Niche. The A-rated Coral Shores High School in neighboring Tavernier is the top-rated school in the district.

Coral Shores High School in Key Largo is an A- school.
Coral Shores High School in Key Largo is an A- school.

The Overseas Highway connects to the mainland

Bikes are a popular way to get around town. For driving, U.S. Highway 1, known locally as the Overseas Highway, is the sole roadway connecting the Keys to mainland Florida. "Only one way in and one way out," says Martinez. "On a big holiday weekend, the 18-mile stretch between Key Largo and the mainland is bumper-to-bumper traffic." Miami and its international airport are about a 65-mile drive. The Miami-Dade Express Bus and FlixBus offer service between Key Largo and the mainland.

Weather and crime in Key Largo

The Keys experience hot and humid weather much of the year, while winters are short and mild. Hurricanes are a risk.

As a census-designated place and not a city, Key Largo does not have a police department. Its residents are served by the Monroe County Sheriff's Office. The District 7 substation in neighboring Tavernier includes a Road Patrol, Criminal Investigations Unit and a Marine Unit. There are no crime statistics available just for Key Largo.

Matt Pallister
Written By
Matt Pallister
Yanan Sun
Photography Contributed By
Yanan Sun
Grace Kim
Video By
Grace Kim

Interested in learning more about homes in this area? Reach out to Catherine Pineda, an experienced agent in this area.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Key Largo Housing Trends

Housing Trends

Median List Price
$939,900
Median Sale Price
$950,000
Median Single Family Sale Price
$879,000
Median Townhouse Sale Price
$2,250,000
Median 2 Bedroom Sale Price
$1,100,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
288
Median Home Sale Price YoY Change
-2%
Average Price Per Sq Ft
$676

Neighborhood Facts

Number of Homes in Neighborhood
5,951
Number of Homes for Sale
48
Median Year Built
1986
Months of Supply
2.00
Average Single Family Home Size Sq Ft
1,877
On par with the national average
1,924
Average Townhouse Size Sq Ft
1,815
Average 2 Bedroom Size Sq Ft
1,222
Average 1 Bedroom Size Sq Ft
756
Median Lot Size Sq Ft
7,405

Open Houses

  • Saturday, Aug 2
    1 - 3pm

    429 Collins St, Key Largo, FL 33037

    $760,000

    • 3 Beds
    • 2 Baths
    • 1,456 Sq Ft
    • 429 Collins St
    • New 9 days ago

    Modern Coastal Home in South Creek Village- Above Flood (X Zone)Located in the highly desirable South Creek Village neighborhood, this stunning 2015-build concrete home offers the perfect blend of modern comfort and coastal charm. Situated in one of the highest elevation zones in the Florida Keys (X Flood Zone), this residence is as practical as it is beautiful. Featuring 3 spacious bedrooms, 2

    Brigitte Casanova RE/MAX All Keys Real Estate

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  • Friday, Aug 1
    11am - 1:30pm

    215 Wildwood Cir, Key Largo, FL 33037

    $2,400,000

    • 4 Beds
    • 3 Baths
    • 2,025 Sq Ft
    • 215 Wildwood Cir
    • New 15 days ago

    Turnkey Canal Front Pool Home with Immediate Ocean Access! Located just one canal from the open Atlantic, this 4-bedroom, 3-bathroom all-concrete home is a true Keys retreat, complete with 72 ft. of dockage, a 14,000-pound boat lift, incredible ocean views and more!Completely updated inside and out, this move-in ready home offers solid cbs construction with a concrete roof and all impact windows

    Carlos Lorenzo American Caribbean Real Estate, Christie's International Real Estate

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  • Saturday, Aug 2
    10am - 1pm

    125 Harbor Dr, Key Largo, FL 33037

    $675,000

    • 3 Beds
    • 2 Baths
    • 1,295 Sq Ft
    • 125 Harbor Dr
    • New 22 days ago

    Just what you've been waiting for! This move-in ready, fully renovated 3-bedroom, 2-bath home is located in the heart of Key Largo in a desirable X-flood zone -high and dry! Set on an oversized, fully fenced lot, this turnkey property features a bright, open layout with updated tile flooring throughout.Step inside to a spacious family room, ideal for gathering with friends and loved ones. The

    Shelby Morris American Caribbean Real Estate, Christie's International Real Estate

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Homes for Sale

Homes for Rent

Condo Buildings

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Key Largo Has More Owners

Demographics

Total Population
12,658
Median Age
51
Population under 18
17.8%
Below the national average
23.8%
Population over 65
28%
Above the national average
19.1%

Finances

Median Household Income
$67,797
Below the national average
$71,702
Average Household Income
$97,032

Education and Workforce

High School Graduates
92.5%
On par with the national average
89.1%
College Graduates
34.2%
Advanced Degrees
14.5%
% Population in Labor Force
56.2%
Below the national average
65.1%

Area Factors

Very Bikeable

Bike Score®®

83 / 100

Somewhat Walkable

Walk Score®®

50 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Key Largo