ActiveMLS® A11930774

$10,999,999

57 Garden Cove Drive, Key Largo, FL 33037

Beds: 6
Baths: 6
Sqft: 5,113

Est. payment$65,356/mo

Home type: Single Family Residence
Year built: 2013
Lot size: —
Price / sqft: $2,151
HOA: $0/mo
Community: OCEAN ISLE ESTATE

Property description

57 Garden Cove Drive is a rare Key Largo waterfront compound set on nearly 26,000 SF, offered together with an adjacent vacant residential lot for added flexibility and future potential.The property features 6 bedrooms, 6 bathrooms, a private elevator, and bright, open living spaces that flow seamlessly into the tropical surroundings. Boaters will appreciate 100 feet of dockage with direct access to open water.Approved for 7-day short-term rentals, the home is a successful vacation rental and wedding venue with strong income history. Combined with the additional parcel, it offers exceptional opportunities for expansion, added amenities, or the creation of a private resort-style estate.A turnkey waterfront investment with income, lifestyle, and development potential in one of the Florida Keys’ most desirable locations.

Listing activity

Days on market: 311
Listed: Dec 15, 2025
MLS listing updated: Aug 26, 2026
Feed last checked: Just now

Listed by Angel Oscar Nicolas · Serhant

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 6
Bathrooms (decimal): 5.5
Full bathrooms: 5
Half bathrooms: 1

Rooms & features

Rooms: 1
Interior features: Bedroom Layout - Split, Built-in Features, Closet Cabinetry, Entrance Foyer, Walk-In Closet(s), Wet Bar, Other
Flooring: Marble, Tile, Other
Appliances: Dishwasher, Disposal, Dryer, Gas Range, Microwave, Refrigerator, Washer, Other
Other equipment: Other

Heating & cooling

Heating: Central
Cooling: Central Air

Property

Parking

Garage spaces: 0
Carport spaces: 1
Carport: Yes
Covered spaces: 1
Parking features: Driveway, Paver Block
Attached garage: No

Exterior

Stories: 2
Patio & porch: Porch - Open, Porch, Deck
Exterior features: Balcony
Pool: Yes
Pool features: Heated, In Ground
View: Ocean, Water
Waterfront: Ocean
Waterfront property: Yes

Lot

Zoning: MIX

Construction

Type & style

Home type: Single Family Residence
Year built: 2013

Materials

Construction: Block, CBS
Roof: Metal
Levels: Two
Faces: Southwest

Utilities & green energy

Utilities

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: OCEAN ISLE ESTATE
MLS area: 5940 - Other Florida County
MLS subarea: Other
55+ community: Yes

Association

Has association: No
Estimated monthly dues: $0
Amenities: None

Lease details

Not reported by the listing source.

Location

Area details

City: Key Largo
County: Monroe
ZIP code: 33037

Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number: A11930774
Possession: Negotiable
Original list price: $12,500,000
Parcel number: 00539670000000
Annual property tax: $33,349
Tax year: 2025
Tax legal description: BK 7 LT 1 OCEAN ISLE EST PB5-14 KEY LARGO OR330-327-328 OR1092-2054/55RS OR1118-1487 OR1122-911 OR1226-301 OR1354-1378C OR1580-623 OR1611-20

Additional MLS details

Reported by the listing source

Association Amenities: None
Association: No
Bathrooms Total Decimal: 5.5
Bathrooms Total Integer: 6
Construction Materials: Block, CBS
County Or Parish: Monroe
Days On Market: 311
Direction Faces: Southwest
Elementary School: Key Largo
High School: Coral Shores
List Price: 10999999
Listing Contract Date: 2025-12-15
Living Area: 5113
MLSArea Major: 5940 - Other Florida County
MLSArea Minor: Other
Middle Or Junior School: Key Largo
Mls Status: Active
On Market Date: 2025-12-15
Patio And Porch Features: Porch - Open, Porch, Deck
Photos Count: 29
Postal Code: 33037
Price Change Timestamp: 2026-05-29T13:25:22Z
Property Sub Type: Single Family Residence
Property Type: Residential
Rooms Total: 1
Senior Community: Yes
Standard Status: Active
State Or Province: FL
Status Change Timestamp: 2025-12-15T17:55:37Z
Stories Total: 2
Subdivision Name: OCEAN ISLE ESTATE
Water Source: Public
Waterfront Features: Ocean
Tax Annual Amount: 33349
Bathrooms Full: 5
Pool Private: Yes
Bedrooms Total: 6
Bathrooms Half: 1
General Property Information: Senior Community: Yes

Market value

Automated estimate—No licensed valuation source connected

Estimated sales range—Ask Karim for a local market analysis

Estimated rent—No licensed rental valuation source connected

Price history

Date	Event	Price
Dec 15, 2025	ListedMIAMI REALTORS® MLS	$12,500,000$2,445/sqft
May 29, 2026	Price reducedMIAMI REALTORS® MLS	$10,999,999$2,151/sqft

Public tax history

Year	Property taxes	Assessment
2025	$33,349	—

Payment calculator

Estimated monthly payment$65,356/moIllustrative estimate, not a loan offer.

Loan typeDown payment (%)Interest rate assumption (%)Loan termInsurance / month

Principal & interest: $57,077
Property taxes: $2,779
Insurance: $5,500
Association dues: $0

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

OCEAN ISLE ESTATE

Key Largo · Monroe County · 33037

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Key LargoElementary

—

Key LargoMiddle

—

Coral ShoresHigh

—

School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

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