$1,975,000
$20K PRICE DROP

97501 Overseas Hwy Unit 131 Key Largo, FL 33037

Estimated payment $12,856/month

Total Views 30,061
4 Beds
3 Baths
2,635 Sq Ft
$750 Price per Sq Ft

Highlights

  • Marina
  • Ocean Front
  • Community Cabanas
  • Coral Shores High School Rated A
  • Boat Dock
  • 1-minute walk to Schwingggg

About This Home

Welcome to your dream vacation home at Mariners Club Key Largo! This oceanfront penthouse-style condo offers resort-style living with stunning Atlantic views and a private deep-water marina, perfect for boating enthusiasts. Bright and spacious, this 4 bedroom, 3 bath upgraded penthouse corner condo features travertine floors, crown molding, impact windows, a gourmet kitchen, and a luxurious primary suite with an ensuite bath and walk-in closets.

Enjoy top-tier amenities, including two pools (one of the largest in the Upper Keys), a grotto hot tub, a gym, indoor/outdoor pickleball, tennis courts, dry stack boat storage, and 24/7 gated security. With no rental restrictions, proven income history, this is a lucrative investment opportunity - Florida Keys luxury resort living at its finest!

Listing Agent

Lorie Leal

American Caribbean Real Estate License #0703307 Listed on: 01/01/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,266

Year Built

  • Built in 2004

Lot Details

  • Ocean Front
  • Home fronts navigable water

HOA Fees

  • $1,187 Monthly HOA Fees

Parking

  • Open Parking

Home Design

  • Penthouse
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,635 Sq Ft Home
  • 3-Story Property
  • Entrance Foyer
  • Combination Dining and Living Room
  • Direct Ocean Views

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Marble
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Bathtub
  • Shower Only in Primary Bathroom

Laundry

  • Dryer
  • Washer
  • Laundry Tub

Home Security

Outdoor Features

  • Property has ocean access
  • Property is near a marina
  • Attended Boat Services
  • Dock Available
  • Balcony

Additional Features

  • Accessible Elevator Installed
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 00554893-000131

Community Details

Overview

  • Club Membership Required
  • Low-Rise Condominium
  • Mariners Club Condos
  • The Dolphin At Mariners C Subdivision

Amenities

  • Community Barbecue Grill
  • Clubhouse
  • Business Center
  • Elevator

Recreation

  • Boat Dock
  • Marina
  • Tennis Courts
  • Community Cabanas
  • Heated Community Pool
  • Community Spa

Pet Policy

  • Breed Restrictions

Building Details

  • Maintenance Expense $4,262

Security

  • Security Guard
  • Walled
  • Complete Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,266

Year Built

Built in 2004

Lot Details

0

HOA Fees

$1,187 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2004
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, Penthouse
  • Directions: Mile marker 97 oceanside, gated, need agent to enter
  • Entry Level: 3
  • Garage Yn: No
  • Horses: No
  • Inclusions: Community Boat Dock,Unrestricted Salt Water Access, Attended,Community Marina,Dock Available,Marina
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: THE DOLPHIN AT MARINERS C
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Elevator, Entrance Foyer, Laundry Tub, Pantry, Walk-In Closet(s)
  • Accessibility Features: Accessible Elevator Installed
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Entry Location: Foyer
  • Flooring: Marble, Tile
  • Living Area: 2635
  • Stories: 3
  • Window Features: Complete Impact Glass, Impact Glass
  • Bedroom Features: Primary Bath Shower, Primary Bath Tub
  • Dining Room Features: Breakfast Area, Dining/Living Room, Eat-In Kitchen
  • Master Bathroom Features: Separate Tub & Shower

Exterior Features

  • View: Ocean View, Direct Ocean, Water View
  • Exterior Features: Open Balcony, Tennis Court(s)
  • Construction Type: Concrete Block Construction, CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Navigable Water, Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Mariners Club
  • Open Parking: Yes
  • Parking Features: Open

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Laundry Tub
  • Security: Guard At Site, Security Patrol, Walled

Condo/Co-op/Association

  • Association Fee: 3561
  • Amenities: Barbecue, Boat Dock, Business Center, Cabana, Clubhouse-Clubroom, Elevator(s), Exterior Lighting, Heated Pool, Marina, Pickleball, Pool, Spa/Hot Tub, Tennis Court(s)
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo, Homeowners

Lot Info

  • Parcel Number: 00554893-000131

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 4262

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 10266

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $10,054 $1,426,457 -- $1,426,457
2023 $10,054 $1,465,731 $0 $1,465,731
2022 $8,722 $1,255,736 $0 $1,255,736
2021 $7,600 $885,075 $0 $885,075
2020 $6,929 $902,980 $0 $902,980
2019 $6,603 $902,980 $0 $902,980
2018 $6,411 $903,205 $0 $0
2017 $5,666 $769,156 $0 $0
2016 $5,102 $625,606 $0 $0
2015 $4,415 $479,992 $0 $0
2014 $4,445 $479,992 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2025 04/23/25 Price Changed $1,975,000 -1.0% $750 / Sq Ft
01/01/2025 01/01/25 For Sale $1,995,000 -- $757 / Sq Ft
Source: MIAMI REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $600,000 Multiple
Special Warranty Deed $730,000 Attorney
Deed In Lieu Of Foreclosure -- Attorney
Special Warranty Deed $1,525,000 Premier Title Company Ltd
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $400,000 Credit Line Revolving
Closed $300,000 Seller Take Back
Previous Owner $1,357,250 Purchase Money Mortgage
Source: Public Records

About the Listing Agent

Lorie Leal
Lorie Leal

American Caribbean Real Estate

(786) 550-2135

Section Image

Lorie Leal is a native Floridian and has lived all over the state. She and her husband Roland chose Key Largo to be their home in 2001 and haven't looked back! Lorie is a 24-year, full-time, professional Realtor® with American Caribbean Real Estate, a Christie's International Real Estate affiliate in Key Largo. Lorie is continually recognized as a company top performer & has also earned her Christie's Luxury Specialist designation. In 2021, she was inducted into the Christie's Masters Circle,

View Lorie's Profile

Lorie's Other Listings

  • 6 Silver Springs Dr, Key Largo, FL 33037

    $540,000 Under Contract

    • 2 Beds
    • 1 Bath
    • 840 Sq Ft
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    Neat & Tidy Bungalow in popular Key Largo Park! This extremely well maintained 2 bedroom CBS home sits on a large, 50 x 100 lot that runs street to street. It's neat as a pin and move in ready with a brand new roof, tankless water heater & fresh paint inside & out. Triple sliders from the main living area open right out to the private, paver courtyard - perfect for morning coffee & al fresco

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  • 94220 Overseas Hwy Unit 5, Tavernier, FL 33070

    $675,000

    • 2 Beds
    • 2.5 Baths
    • 1,523 Sq Ft
    • 94220 Overseas Hwy
    • Unit 5
    • Tavernier, FL

    SPACIOUS TOWNHOME! Nestled in the tropical hammock on Florida Bay in Tavernier is the exclusive, gated community of Sunset Hammock. This townhome offers a private covered carport that connects to the ground floor entrance foyer, and up the stairs is an expansive open living space with soaring ceilings. The updated kitchen is light and bright with quartz counters, stainless appliances, tiled back

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  • 147 Long Key Rd, Key Largo, FL 33037

    $795,000 Under Contract

    • 3 Beds
    • 2 Baths
    • 1,133 Sq Ft
    • 147 Long Key Rd
    • Key Largo, FL

    60ft of dockage on a wide canal with direct bay and ocean access on desirable Long Key Road in Lake Surprise. Update the existing 3 bedroom, 2 bath manufactured home or demo and build your dream Keys home surrounded by the swaying palms, just like many of the neighbors have already done! Large, cleared 60 x 100 waterfront lot on a 55' wide canal - no conservation easements, mangrove shorelines or

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  • 2600 Overseas Hwy Unit 87, Marathon, FL 33050

    $1,085,000

    • 3 Beds
    • 2.5 Baths
    • 1,320 Sq Ft
    • 2600 Overseas Hwy
    • Unit 87
    • Marathon, FL

    YTD May 31 2025 Gross Rental Income 95K!!! Welcome to Tranquility Bay Resort, located in the heart of Marathon, offering resort-style amenities & outstanding rentals. A rare corner unit, this 3-bedroom, 2.5-bath gulf front townhome is uniquely situated at the quiet, northern end of the resort. A perfect blend of luxury & investment with a strong rental history. Step inside & be greeted by

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  • 1500 Ocean Bay Dr Unit S3, Key Largo, FL 33037

    $800,000 Sold Jun 04, 2025

    • 3 Beds
    • 3 Baths
    • 925 Sq Ft
    • 1500 Ocean Bay Dr
    • Unit S3
    • Key Largo, FL

    Large 3/3 townhome at popular Kawama Yacht Club in the heart of Key Largo! Rare opportunity to own a 3 level townhome with FANTASTIC RENTAL HISTORY in Key Largo. Solid concrete construction with metal roofs and impact windows & doors. Perfect floor plan for entertaining - the lower level has a bedroom, full bath & rec room/ den; on the second floor there's full bath, open kitchen & living area

    Lorie Leal American Caribbean Real Estate, Christie's International Real Estate

  • 164 Ocean Shores Dr, Key Largo, FL 33037

    $1,050,000 Sold May 02, 2025

    • 3 Beds
    • 2 Baths
    • 1,552 Sq Ft
    • 164 Ocean Shores Dr
    • Key Largo, FL

    Beautifully appointed concrete stilt home in the heart of Key Largo! Built in 2017, this home is roomy and bright with high ceilings, wood plank tile floors, plantation shutters throughout, large bedrooms, plenty of closet space, spacious primary suite with a private balcony. Downstairs storage, covered parking and street to street access for convenience. Fully fenced with an electric gate, turf,

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  • 374 Bahia Ave, Key Largo, FL 33037

    $2,800,000 Sold Jun 06, 2025

    • 4 Beds
    • 3 Baths
    • 3,306 Sq Ft
    • 374 Bahia Ave
    • Key Largo, FL

    Enjoy the best of FL Keys living in prestigious Port Largo! This meticulously designed 4-bedroom, 3-bath concrete residence spans over 3,300 square feet, offering incredible value and 75 feet of concrete dockage on an 80-foot-wide deepwater canal with a 15,000-pound boat lift and unrestricted ocean access.Step through frosted impact double doors into the main level, where a bright foyer opens to

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  • 325 Calusa St Unit 426, Key Largo, FL 33037

    $262,000 Sold Jun 23, 2025

    • Land
    • 325 Calusa St
    • Unit 426
    • Key Largo, FL

    BRING YOUR RV and live the Keys life in your very own private RV lot in Key Largo's popular Calusa Campground. Located on a quiet street in the park, lot 426 is ready for occupancy! A new PVC fence was installed in 2022 and there is a concrete pad for your tables & chairs so you can enjoy evening BBQs and beverages in comfort. The lot is 35ft wide by 50ft deep accommodating 5th wheels, travel

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  • 145 2nd Ct, Key Largo, FL 33037

    $344,000 Sold Apr 21, 2025

    • 2 Beds
    • 1 Bath
    • 786 Sq Ft
    • 145 2nd Ct
    • Key Largo, FL

    Affordable Key Largo Living! This updated 2-bedroom, 1-bath home in sought-after Key Largo Village is the perfect mix of comfort and convenience! The upgraded kitchen, tile flooring throughout, walk-in closets in both bedrooms, central air and freshly updated bathroom make this island home move-in ready! Enjoy a custom deck, fully fenced yard with a gated side area for your boat, plus a chicken

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Source: MIAMI REALTORS® MLS

MLS Number: A11717600

MIAMI REALTORS® MLS

APN: 00554893-000131

Florida Monroe County Key Largo 33037

97501 Overseas Hwy Unit 131, Key Largo, FL

This home is located at 97501 Overseas Hwy Unit 131, Key Largo, FL 33037 and is currently priced at $1,975,000, approximately $749 per square foot. This property was built in 2004. 97501 Overseas Hwy Unit 131 is a home located in Monroe County with nearby schools including Key Largo School, Coral Shores High School, and Dolphin Montessori Children's House.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Lorie Leal
Lorie Leal
Listing Agent Section Image
American Caribbean Real Estate
(786) 550-2135