Waterfront Paradise at 137 Grassy Rd, Key Largo, FL 33037
Embrace the quintessential Florida Keys lifestyle in this beautifully remodeled waterfront home, perfectly positioned to offer stunning westerly views over the lake and bay. With seamless access to both the Atlantic Ocean and Florida Bay via the Adams Cut Waterway, this residence is a boater's dream come true.
Key Features:
Spacious Living: This home boasts 3 bedrooms and 2 full bathrooms, complemented by an additional bonus room currently set up as a 4th bedroom, providing ample space for family and guests.
Modern Upgrades: The open-concept living area is bathed in natural light, highlighting a brand-new kitchen equipped with stainless steel appliances, granite countertops, and pristine white cabinetry. Electric Water Heater.
HANDICAP ACCRESSIBLE
Outdoor Living: Step outside to a lovely grass yard and a fresh pea rock backyard, all within a fully fenced perimeter, ensuring privacy and security.
Boater's Delight: A concrete dock awaits your vessel, offering quick and easy access to open waters, making spontaneous boating adventures a breeze.
Prime Location: Situated just 30 minutes from the mainland and an hour from Miami International Airport, this property combines the tranquility of island living with the convenience of city access.
This turn-key home is ready for you to start living the dream in the Florida Keys. Whether you're seeking a serene retreat or an active waterfront lifestyle, 137 Grassy Rd delivers on all fronts.
Lease Terms for 137 Grassy Rd, Key Largo, FL 33037
Lease Duration:
12-month minimum preferred
Shorter terms (3 6 months) may be considered at a premium seasonal rate
Monthly Rent:
$4,800.00/month
Security Deposit Move-in Costs:
One month's rent (refundable, pending inspection)
Move-in Costs:
First month + security deposit due at signing
Optional: Last month depending on credit history
Utilities:
Included: Lawn care, trash/recycling pickup
Tenant Responsibility: Electric, water, internet, cable
Pet Policy:
Pets considered on a case-by-case basis
Pet deposit: $300 (non-refundable) + $0/month per pet
Smoking Policy:
No smoking allowed inside the home
Occupancy Limit:
Maximum of 6 occupants
Dock & Boating Access:
Dock included with rental
Tenants responsible for vessel registration and proper mooring
Parking:
Ample private parking on-site (including boat trailer space)
Maintenance & Repairs:
Landlord responsible for structural maintenance
Tenant responsible for minor upkeep and notifying landlord promptly of issues
Application Requirements:
Completed application form
Credit/background check
Proof of income (3x monthly rent)
References upon request
Sold for $800,000
$800,000
137 Grassy Rd, Key Largo, FL 33037
3beds
1,392sqft
Single Family Residence
Built in ----
-- sqft lot
$862,100 Zestimate®
$575/sqft
$4,282 Estimated rent
Home value
$862,100
$793,000 - $948,000
$4,282/mo
Zestimate® history
Owner options
List your home for rent
$4,282/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$4,282/mo
Rent Zestimate®
Refinance and save
$4,796/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$4,796/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Source: Zillow Rentals
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Wall Furnace
Cooling
- Wall Unit
Appliances
- Included: Dishwasher, Dryer, Microwave, Oven, Refrigerator, Washer
- Laundry: In Unit
Features
- Flooring: Tile
- Furnished: Yes
Interior area
- Total interior livable area: 1,392 sqft
Property
Parking
- Parking features: Off Street
- Details: Contact manager
Accessibility
- Accessibility features: Disabled access
Features
- Exterior features: Heating system: Wall, Lawn
Details
- Parcel number: 00533730000000
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Community & HOA
Community
- Deposit fee: $9,000
- Pet deposit fee: $100
Location
- Region: Key Largo
Financial & listing details
- Price per square foot: $575/sqft
- Tax assessed value: $719,343
- Annual tax amount: $6,364
- Date on market: 5/8/2025
- Date available: 05/07/2025
- Lease term: 1 Year
Price history
| Date | Event | Price |
|---|---|---|
| 8/12/2025 | Sold | $800,000-5.8%$575/sqft |
Source: Public Record Report a problem | ||
| 6/3/2025 | Price change | $849,000-5.7%$610/sqft |
Source: | ||
| 5/19/2025 | Listed for sale | $900,000+97.8%$647/sqft |
Source: | ||
| 5/9/2025 | Listing removed | $4,800$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/8/2025 | Listed for rent | $4,800$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/14/2020 | Sold | $455,000-2.2%$327/sqft |
Source: | ||
| 7/7/2020 | Pending sale | $465,000$334/sqft |
Source: Coldwell Banker Schmitt R.E. #A10797758 Report a problem | ||
| 5/1/2020 | Price change | $465,000-2.1%$334/sqft |
Source: Coldwell Banker Schmitt Real Estate Co. #A10797758 Report a problem | ||
| 1/9/2020 | Listed for sale | $475,000-5%$341/sqft |
Source: Coldwell Banker Schmitt Key Largo #589068 Report a problem | ||
| 11/14/2019 | Listing removed | $500,000$359/sqft |
Source: LoKation Real Estate #586929 Report a problem | ||
| 8/8/2019 | Listed for sale | $500,000+56.3%$359/sqft |
Source: LoKation Real Estate #586929 Report a problem | ||
| 9/18/2018 | Sold | $320,000-14.7%$230/sqft |
Source: Public Record Report a problem | ||
| 7/28/2018 | Listed for sale | $375,000$269/sqft |
Source: Century 21 Schwartz Realty (KL) #581256 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,364 +9.1% | $719,343 +12.1% |
| 2024 | $5,831 +14.6% | $641,621 +10% |
| 2023 | $5,087 +74.8% | $583,292 +61% |
| 2022 | $2,910 -1.1% | $362,264 +3% |
| 2021 | $2,943 -10.1% | $351,713 +0.2% |
| 2020 | $3,273 | $350,880 +7.7% |
| 2019 | $3,273 -3.1% | $325,695 +170.5% |
| 2018 | $3,377 +145% | $120,385 +2.1% |
| 2017 | $1,378 +1.8% | $117,909 +2.1% |
| 2016 | $1,354 -0.7% | $115,484 +0.7% |
| 2015 | $1,364 | $114,681 |
Find assessor info on the county website
Neighborhood: 33037
Nearby homes
- $3,995,0005 bd5 ba3.6k sqft141 Grassy Rd, Key Largo, FL 33037New Construction

- $1,310,0003 bd2 ba1.1k sqft129 Grassy Rd, Key Largo, FL 33037Off Market

- $701,8002 bd1 ba672 sqft145 Grassy Rd, Key Largo, FL 33037Off Market
- $1,125,7003 bd2 ba1.1k sqft127 Grassy Rd, Key Largo, FL 33037Off Market
- $834,1002 bd1 ba1.4k sqft138 Long Key Rd, Key Largo, FL 33037Off Market
- $809,4003 bd2 ba1.5k sqft134 Long Key Rd, Key Largo, FL 33037Off Market
- $950,9003 bd2 ba1.4k sqft142 Long Key Rd, Key Largo, FL 33037Off Market
- $831,4002 bd2 ba956 sqft149 Grassy Rd, Key Largo, FL 33037Off Market
Nearby schools
GreatSchools rating
- 8/10Key Largo SchoolGrades: PK-8Distance: 1.1 mi
- 5/10Coral Shores High SchoolGrades: 9-12Distance: 15.6 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$862,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$862,100
- Florida
- Monroe County
- Key Largo
- 33037
- 137 Grassy Rd