Key Largo Luxury Real Estate Market Report

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Real Estate in Key Largo is primarily a residential area with many different types of property, including waterfront and non waterfront houses. Waterfront properties are categorized as oceanfront, bay front, canal front, or as water view properties. Styles range from single family, condominium, town house, duplex, mobile, multifamily and more. There is a wide range or pricing on homes, from the very modest on dry lots to magnificent luxury homes. Many homes are second homes in this community.

Market Trends

This year so far sales have been strong. Currently the price of an average home in Key Largo is a little over $1.1mil. The average price per square foot of real estate has increased in the last year to just over $700/sq ft. Inventory continues to decrease and is half the inventory from a few years ago. At the moment the price of houses seems to be continuing to very slowly grow as the building moratorium takes effect. Rental prices have increased significantly due to rental housing shortages. 

Mortgage and Buying Facilities

There are multiple brokers to help facilitate purchases and investments. Working with local agents and lenders familiar with the idiosyncrasies and regulations in different areas of the Keys is recommended. Options range from local and national banks or credit unions, along with many private and public mortgage lenders that offer reasonable rates for easy investment opportunities. The number of foreclosures has fallen very, very low, Interest rates are slowly rising, but not having much impact on buyers mostly second home and investment purchases.

Lifestyle and Quality of Life

The many different residential areas of Key Largo offer a unique high quality of life with many amenities available locally, with fast access to the mainland. The sense of community is strong, with a wide mix or permanent residents including families, snowbirds, second home owners or weekend warriors, and many visitors in this wildly popular vacation destination.

Active Properties
Address Beds Baths Living ft2 List Price Cost per ft2
97850 Overseas Hwy 22 21 N/A $12,450,000 Unknown
16 Seaside Ave 7 9 6,585 $11,750,000 $1,784
16 Seaside Ave 7 9 6,585 $11,750,000 $1,784
57 Garden Cove Dr 6 6 5,113 $10,999,999 $2,151
100 Morris Ln Unit 56 Slips N/A N/A N/A $10,500,000 Unknown
95351 Overseas Hwy 7 4 2,489 $9,500,000 $3,816
39 Mutiny Pl 6 6 4,404 $8,550,000 $1,941
180 Pompano Dr 4 7 3,723 $8,490,000 $2,280
80 Ocean Front Dr 4 4 3,982 $7,295,000 $1,831
101500 Overseas Hwy N/A N/A N/A $6,500,000 Unknown
95480 & 90 Overseas Hwy 10 9 5,392 $6,500,000 $1,205
62 Sunset Rd 3 3 2,368 $6,295,000 $2,658
91865 Overseas Hwy N/A N/A 10,150 $5,999,000 $591
239 Tavernier Dr 5 4 3,268 $5,995,000 $1,834
197 Lowe St 3 4 2,803 $5,975,000 $2,131
233 Aberdeen Ct 5 4 2,688 $5,850,000 $2,176
308 Atlantic Blvd 4 3 2,414 $5,800,000 $2,402
10987 County Road 905 3 4 3,649 $5,650,000 $1,548
258 Caribbean Dr 6 8 5,700 $5,500,000 $964
142 Guilford Ct 5 5 3,458 $5,499,000 $1,590
126 Point Pleasant Dr 5 6 3,323 $5,399,000 $1,624
554 Ocean Cay Dr N/A N/A N/A $5,295,000 Unknown
259 Saint Thomas Ave 6 8 5,400 $5,200,000 $962
64 S Andros Rd 6 5 4,787 $4,900,000 $1,023
58000 Card Sound Rd 1 3 7,026 $4,900,000 $697
Average: 3.1 2.7 1,846 $1,579,889 $828
Viewing 1 - 25 of 341
Viewing 1 - 25 of 341
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2
104 Coastal Dr 5 8 6,083 $7,995,000 $1,314
522 Caribbean Dr N/A 4 N/A $5,200,000 Unknown
36 Sunset Rd 4 2 1,872 $4,650,000 $2,483
36 Sunset Rd N/A N/A N/A $4,650,000 Unknown
1642 Churchill Downs 4 5 3,285 $3,511,000 $1,068
236 Tarpon St 3 3 1,536 $3,350,000 $2,180
501 Caribbean Dr 4 4 2,700 $3,250,000 $1,203
52 S Andros Rd 4 4 3,800 $2,900,000 $763
139 Marina Ave 4 6 2,485 $2,750,000 $1,106
139 Marina Ave 4 6 2,485 $2,750,000 $1,106
202 Atlantic Blvd 3 4 1,260 $2,700,000 $2,142
807 Bonito Ln 4 3 2,410 $1,900,000 $788
365 Loeb Ave 3 2 1,722 $1,565,000 $908
101201 Overseas Hwy N/A N/A N/A $1,295,000 Unknown
104980 Overseas Hwy N/A 1 1,024 $1,200,000 $1,171
1007 Hialeah Ln 3 3 1,296 $1,197,000 $923
17 Coral Way 3 4 1,848 $1,120,000 $606
97501 Overseas Hwy Unit UNIT 802 4 3 2,518 $979,000 $388
13 Coral Way 3 4 1,936 $899,000 $464
54 Tarpon Ave 3 2 1,320 $864,900 $655
185 Dove Lake Dr 5 3 2,197 $750,000 $341
185 Dove Lake Dr 5 3 2,197 $750,000 $341
8 S Andros Rd 2 2 1,007 $698,000 $693
97652 Overseas Hwy Unit M8 2 2 1,130 $598,000 $529
60 Bird Ln 3 2 910 $579,900 $637
Average: 3.2 3.0 1,873 $1,920,110 $870
Viewing 1 - 25 of 32
Viewing 1 - 25 of 32
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 Sold Date
101 Oleander Circle Ky 7 7 4,460 $7,750,000 $7,500,000 $1,681 8/21/26
30 Ocean Front Dr 4 4 3,778 $7,350,000 $7,000,000 $1,852 5/1/26
198 Lowe St 5 5 4,170 $8,490,000 $6,550,000 $1,570 5/6/26
41 Pumpkin Cy Rd Unit A 4 4 1,975 $5,375,000 $5,000,000 $2,531 5/22/26
112 N Bounty Ln 5 5 4,822 $4,975,000 $4,775,000 $990 10/8/26
21 Stillwright Way 4 4 3,516 $4,799,000 $4,500,000 $1,279 9/3/26
251 S Ocean Shores Dr 5 7 5,281 $4,995,000 $4,200,000 $795 7/10/26
101954 Overseas Hwy 4 5 3,756 $4,500,000 $3,900,000 $1,038 5/21/26
76 Ocean Dr 3 2 1,864 $3,700,000 $3,200,000 $1,716 7/1/26
41 Mutiny Pl 3 2 1,711 $2,750,000 $2,577,320 $1,506 7/20/26
55 Ocean Front Dr 4 3 4,446 $2,550,000 $2,450,000 $551 10/20/26
455 Big Pine Road Ky 3 2 2,025 $2,500,000 $2,375,000 $1,172 6/30/26
68 Mutiny Pl 4 3 3,317 $2,450,000 $2,350,000 $708 7/3/26
1502 Shaw Dr 3 3 1,605 $2,400,000 $2,200,000 $1,370 10/19/26
201 Cromwell Ct 3 3 2,414 $2,350,000 $2,200,000 $911 6/11/26
254 Lower Matecumbe Rd 5 4 2,778 $2,300,000 $2,200,000 $791 6/9/26
215 Wildwood Circle Ky 4 3 2,025 $2,340,000 $2,170,000 $1,071 5/7/26
478 Bahia Ave 4 3 2,285 $2,150,000 $2,150,000 $940 9/16/26
974 Shaw Dr 2 2 1,216 $2,300,000 $2,150,000 $1,768 5/8/26
167 Lorelane Pl 3 2 2,360 $2,100,000 $2,100,000 $889 6/8/26
97501 Overseas Hwy Unit 116 & 40' Boat Slip 4 3 2,635 $2,250,000 $2,100,000 $796 6/4/26
100 Point Pleasant Dr 1 1 900 $2,200,000 $1,950,000 $2,166 10/2/26
1202 Mockingbird Rd 4 2 1,840 $1,925,000 $1,912,500 $1,039 6/1/26
229 Upper Matecumbe 5 3 3,184 $1,995,000 $1,900,000 $596 5/22/26
1305 Calder Rd 3 3 1,852 $1,875,000 $1,840,000 $993 8/14/26
Average: 2.8 2.5 1,653 $1,178,195 $1,101,789 $703
Viewing 1 - 25 of 214
Viewing 1 - 25 of 214

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