$2,888,000
$712K PRICE DROP

98701 Overseas Hwy Key Largo, FL 33037

Estimated payment $16,684/month

Total Views 17,045
4 Beds
5 Baths
2,036 Sq Ft
$1,418 Price per Sq Ft

Highlights

  • Ocean Front
  • Dock made with wood
  • 1.12 Acre Lot
  • Coral Shores High School Rated A
  • Above Ground Pool
  • 1-minute walk to Schwingggg

About This Home

A Secluded Waterfront Paradise in the Heart of the Florida Keys. Step into a world of minimalistic elegance and tranquility at this one-of-a-kind coastal oasis. Tucked away on over an acre of lushly landscaped, private property stretching from highway to water, this architecturally unique home offers serene luxury and endless possibilities. Arrive via a tree-lined driveway to discover a striking three-story coastal retreat. Featuring four private en suite bedrooms, each with its separate entrance, the home is designed to provide privacy and relaxation for family and guests alike, great rental property for corporate retreat. This property has just received a vacation rental license which brings enhanced opportunities for income producing short term vacation rentals. The sleek, contemporary design integrates seamlessly with the natural surroundings, offering captivating water views from every vantage point. Designed with entertaining in mind, this property boasts multiple spacious outdoor entertainment areas, including verandas overlooking the sparkling pool, sand-laden grounds, and tranquil waterfront oasis. Gather around the expansive fire-pit with seating for up to 14, perfectly situated at the water's edge for unforgettable evenings under the Keys' starry skies. Adding to its versatility, a secondary garage structure--measuring over 700 sq. ft. with soaring 11-foot ceilings--has been artfully re-imagined as a flexible guest space or personal retreat. With SR zoning permitting vacation rentals, this unique property offers endless opportunities, whether as a family compound, corporate retreat, or lucrative investment. Its layout, designed to maximize privacy and individuality, makes it especially appealing for those seeking a distinctive and adaptable space. Additional features include: Ample parking and storage, ideal for all your waterfront toys. A kayaker's or paddleboarder's dream, with access to nearby mangrove trails.

Listing Agent

Joy Martin

American Caribbean Real Estate, Christie's International Real Estate License #0524075 Listed on: 01/08/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,917

Year Built

  • Built in 1965

Lot Details

  • 1.12 Acre Lot
  • Ocean Front
  • Fenced
  • Property is zoned SR - Sub Urban Residential District

Interior Spaces

  • 2,036 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Storage
  • Tile Flooring
  • Ocean Views
  • Impact Glass

Kitchen

  • Oven
  • Range
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Above Ground Pool
  • Dock made with wood
  • Balcony

Utilities

  • Ductless Heating Or Cooling System
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Rock Harbor Manor Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00521460-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,917

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Dockage Dock: Wood
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key Largo
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 97.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 17916.80
  • Title: Title Ins - Buyer
  • Vehicle Storage: Open Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 1965
  • Alternate Key Number: 1640697
  • Cooling Heating: Ceiling Fans(s), Ductless
  • Lot Sq Ft: 49130.00
  • Pool Info: Above Ground
  • Porch Balcony: Open Porch/Balcony
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 3 Stories
  • Estimated Living Sq Ft: 2036.00
  • Pool Info Other Material: Aluminum
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Storage, Built-in Cabinets
  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Appliances: Dishwasher, Stainless Steel Appliance(s), Freezer, Oven, Range, Refrigerator
  • Floor: Tile
  • Windows/Doors: Sliding Glass Doors, Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 4

Exterior Features

  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS, Combo Construction
  • Exterior Features: Fencing
  • Roof: Combo Roof, Other Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Buyer to Verify, Municipal Sewer
  • Heating: Other

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,X,0.2 PCT ANNUAL
  • Parcel Number: 00521460-000000
  • Land Size: 1 Less Than 2 Acres
  • Acres: 1.12

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2025

Map

Range of Values:

--
Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
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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
2025 $18,469 $2,119,116 $1,514,432 $604,684
2024 $18,469 $2,235,242 $1,620,206 $615,036
2023 $11,001 $1,969,686 $1,543,335 $426,351
2022 $8,725 $1,394,741 $963,845 $430,896
2021 $8,155 $1,166,258 $780,537 $385,721
2020 $6,258 $675,538 $396,182 $279,356
2019 $6,853 $746,859 $538,098 $208,761
2018 $7,425 $800,245 $558,118 $242,127
2017 $5,000 $551,522 $0 $0
2016 $5,068 $540,179 $0 $0
2015 $5,128 $536,424 $0 $0
2014 $5,236 $532,167 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/29/2025 08/29/25 Price Changed $2,888,000 -2.1% $1,418 / Sq Ft
03/18/2025 03/18/25 Price Changed $2,950,000 -18.1% $1,449 / Sq Ft
01/08/2025 01/08/25 For Sale $3,600,000 +433.3% $1,768 / Sq Ft
07/06/2018 07/06/18 Sold $675,000 -20.6% $332 / Sq Ft View Prior Sale
02/27/2018 02/27/18 Pending -- -- --
10/03/2017 10/03/17 For Sale $850,000 -- $417 / Sq Ft
Source: Florida Keys Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed $100 None Listed On Document
Warranty Deed $100 None Listed On Document
Warranty Deed $675,000 None Listed On Document
Warranty Deed $675,000 None Listed On Document
Source: Public Records

Source: Florida Keys Board of REALTORS®

MLS Number: 613026

Florida Keys Board of REALTORS®

APN: 00521460-000000