Opportunity is knocking to create your ideal Florida Keys retreat. Nestled in a quiet neighborhood, this canal front stilt home features a spacious upstairs with 2 bedrooms, 2 full bathrooms and a large loft perfect for a home office or 3rd bedroom. The ground level expands the possibilities with a covered patio overlooking the canal and a versatile studio apartment/rec room complete with a full bathroom--ideal for guests or indoor/outdoor entertaining. The property features 45ft of dockage and a private ramp that can accommodate jet skis, kayaks, paddleboards or a small skiff. Get lost in paradise exploring the many creeks within Largo Sound and John Pennekamp State Park. This location also offers boating access to both the Atlantic Ocean and Florida Bay through South Creek or Adams Cut. Great location near Key Largo's best restaurants, shopping and grocery. Take advantage of this opportunity to renovate or build new in one of Key Largo's most sought-after boating communities.
For sale
Price cut: $125K (9/1)
$1,100,000
126 3rd Ln, Key Largo, FL 33037
3beds
2,078sqft
Single Family Residence
Built in 1984
6,534 Square Feet Lot
$1,049,800 Zestimate®
$529/sqft
$-- HOA
What's special
Canal front stilt home
- 80 days
- 2,269
- 178
Zillow last checked:
Listing updated:
Listed by:
Eric Smith, PA 305-306-7279,
Palm House Real Estate
Source: FLKMLS,MLS#: 620570
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air, Ductless
Appliances
- Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Disposal
- Laundry: Laundry Room
Features
- Loft
- Flooring: Tile, Laminate
Interior area
- Total structure area: 2,078
- Total interior livable area: 2,078 sqft
Property
Features
- Patio & porch: Open Porch/Balcony
- On waterfront: Yes
Lot
- Size: 6,534 Square Feet
- Dimensions: 60 X 115
Details
- Parcel number: 00547211001600
- Zoning: RM-1 - Residential Medium - 1
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame
Condition
- Fixer
- New construction: No
- Year built: 1984
Community & HOA
Community
- Subdivision: Winston Waterway (102.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Key Largo
Financial & listing details
- Price per square foot: $529/sqft
- Tax assessed value: $1,086,717
- Annual tax amount: $8,216
- Date on market: 7/9/2026
- Listing terms: Cash,Conventional
Estimated market value
$1,049,800
$997,000 - $1.10M
$5,679/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/1/2026 | Price change | $1,100,000-10.2%$529/sqft |
Source: | ||
| 7/9/2026 | Listed for sale | $1,225,000+521.8%$590/sqft |
Source: | ||
| 6/23/1995 | Sold | $197,000$95/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,216 +12% | $862,579 +10% |
| 2024 | $7,335 +6.1% | $784,163 +10% |
| 2023 | $6,914 +14% | $712,875 +10% |
| 2022 | $6,065 +15.8% | $648,068 +10% |
| 2021 | $5,237 -1.4% | $589,153 -1% |
| 2020 | $5,312 | $594,951 +0.6% |
| 2019 | $5,312 +0.5% | $591,475 +8.8% |
| 2018 | $5,288 +6.1% | $543,826 -4.4% |
| 2017 | $4,984 -17.2% | $568,647 +7.1% |
| 2016 | $6,019 +2.4% | $530,980 -1% |
| 2015 | $5,881 | $536,503 |
Find assessor info on the county website
Monthly payment
Est. payment






