CENTURY 21 Edge
$27,900,000$29,975,000≈$164,482 /mo all-in ↓

97601 Overseas Hwy, Key Largo FL 33037, KEY LARGO, FL, 33037

Active394 days on marketListed Jul 16, 2025MLS #A11842443

✦ Reduced $2.1MWaterfrontCommercialMANDALAY

About this home

97601 Overseas Hwy, Key Largo FL 33037

Seize this rare opportunity to develop one of the largest entitled waterfront parcels in the Florida Keys! This 7.4-acre assemblage offers 10 Total parcels, 54(57) ROGO exemptions, 15 transient rights, 30 wet slips, and commercial SF. Multiple parcels sold as a package. Located oceanside at MM 97.5 with excellent visibility and access to boating and tourism. With flexible zoning across multiple land use districts (MU, SC, UR, URM), the site supports a wide variety of uses, including residential, vacation rentals, hospitality, RV park, marina development, or boat storage. Whether you envision a boutique resort, waterfront rental community, or luxury mixed-use enclave, this is a truly one-of-a-kind investment opportunity in Monroe County.

Facts & features

The home at a glance

7.34 ac

Lot size

WaterfrontOcean View view

Inside

Outside & construction

ViewOcean View

Community & fees

Taxes (2024)$39,754/yr

Utilities & systems

UtilitiesCable Connected · Electricity Connected · Irrigation Water · Sewer Connected · Cable Available · Electricity Available · Phone Available · Trash Removal · Water Available
WaterMunicipal Water

The numbers

What it really costs

Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.

$164,482 /mo · 10% down Conventional, 30-yr fixed at 6%

Principal & interest$150,547
PMI (est., until 20% equity)$10,463
Property tax — 2024 actual bill$3,313
Insurance (FL estimate)$160

The assumptions

Loan typeConventionalDown payment10% · $2,790,000Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.

These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:

Andrew Acosta

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Get my real numbersCall

Run your own numbers

Loan type

FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.

Down payment10% · $2,790,000
Interest rate6.00%
Loan term

Estimated payment

$164,482/mo

Principal & interest$150,547
PMI (est., until 20% equity)$10,463
Property taxes (actual bill)$3,313
Est. insurance$160

Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.

Where it sits

Inside Key Largo

Map of 97601 Overseas Hwy, Key Largo FL 33037

Get to know Key Largo. See the full Key Largo guide →

KEY LARGO 33037 — neighborhood snapshot

Population

13,674

Median age

54.2

Median income

$80,911

Median home value

$660,700

Avg household

2.34

Households w/ children

999

For the school run

Monroe County School District

HighCoral Shores High School★★★★★

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Key Largo market

Seller’s marketLeans buyer — 25.5 months of inventoryBuyer’s market

$1.1M → $910K

Key Largo median sold, yr/yr

95.6%

Sale-to-list ratio (12 mo)

Median sold price, Key Largo, trailing 36 months (3-month rolling) · live MLS data.

This home is listed 3914% above the KEY LARGO 33037 median. See the full Key Largo market guide →

Paper trail

This home's history

CurrentPrice reduced to $27,900,000 ▼ $2.1M
Jul 16, 2025Listed at $29,975,000 · 394 days on market since

Reality check

What actually sold near 97601 Overseas Hwy

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

306 Little Miss Muffett, Key Largo FL 33037Sold · Oct ’25

$715,000

306 Little Miss Muffett, Key Largo FL 33037

2 bd · 2 ba · 74 DOM

96000 Overseas Hwy, Key Largo FL 33037Sold · Aug ’25

$1,200,000

96000 Overseas Hwy, Key Largo FL 33037

2 bd · 2 ba · 80 DOM

27 Ocean Dr, Key Largo FL 33037Sold · Oct ’25

$2,125,000

27 Ocean Dr, Key Largo FL 33037

4 bd · 4.5 ba · 195 DOM

Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.

Your home team

The pros in your corner

Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.

Bridget McLennon

Your agent

Bridget McLennon

Real Estate Agent · CENTURY 21 Edge

Tours, negotiation, and every question about 97601 Overseas Hwy — start here.

CallText
bridget.mclennon@c21edge.com
Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 97601 Overseas Hwy — before you fall in love.

Get pre-approvedCall
aacosta@prmg.net

See it in person

Schedule a tour

Live availability from Bridget's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.

Straight answers

97601 Overseas Hwy FAQs

What would the monthly payment be for 97601 Overseas Hwy, Key Largo FL 33037?+

With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $164,482/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.

What are the property taxes on 97601 Overseas Hwy, Key Largo FL 33037?+

The most recent tax bill on record (2024) was $39,754. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.

How does the price compare to other homes in Key Largo?+

At $27,900,000, this home is listed about 3081% above the Key Largo median of $877,000. The market section on this page shows how the area is trending.

Which schools are assigned to 97601 Overseas Hwy, Key Largo FL 33037?+

Coral Shores High School (high) — Monroe County School District. Always verify school assignments with the district before relying on them.

The brief

Four things that matter here

01Positioned at the premium end

$27,900,000 runs 3914% above the KEY LARGO 33037 median.

02Waterfront living

This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.

03Time on market is leverage

394 days on market against a Key Largo median of 71 — sellers in this position are usually ready to negotiate.

04The price has already moved

Listed at $29,975,000, now $27,900,000 — a $2.1M cut. The full history is in the market section below.

Keep looking

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Listing courtesy of Swenson & Ecuyer Realty · Olga Grant. MLS #A11842443.

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.

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