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For sale
  • Price cut: $20K (7/30)
    $655,000

    322 Mahogany Dr, Key Largo, FL 33037

    3beds
    1,064sqft
    : 
    $4,260/mo
    Get pre-qualified
    Single Family Residence
    Built in 1985
    5,227 Square Feet Lot
    $626,300 Zestimate®
    $616/sqft
    $-- HOA

    What's special

    Covered parkingElevated constructionCement picnic tableVinyl plank flooring throughoutCathedral ceilingsCrown moldingFully fenced backyard garden
    PRICE REDUCTION! INVESTOR & VALUE-ADD OPPORTUNITY IN KEY LARGO! Virtually staged. This 3-bedroom, 1-bath home in the desirable Pamela Villa area offers an excellent opportunity for investors, second-home buyers, or those looking to create a personalized Keys retreat. Approximately 1,000 sq. ft. of living area with an additional 10x12 legal downstairs enclosure space that can serve as an office, guest area, or flexible-use space. Elevated construction, X flood zone, covered parking, termite contract, no HOA, and a convenient Key Largo location near John Pennekamp Coral Reef State Park and Murray Nelson Government and Cultural Center. Shopping, restaurants, and convenient Key Largo amenities are within walking/biking distance including Key Largo Park and Jacobs Aquatic center, professional Pickle ball courts, and the YMCA at the park.. The property offers plenty of potential for updates and customization while retaining the character of a true Florida Keys home. Bring your vision and explore the possibilities! Interior features include crown molding, cathedral ceilings, and a hardwood ceiling in third bedroom with private entrance. Vinyl plank flooring throughout. Bath features an oversized oval tub. Storm ready with shutters and metal doors. Downstairs is a laundry area, and a 12x14 storage shed. Fully fenced backyard garden with a 14x12 patio and an upper 8x10 deck. Perfect for entraining on your cement picnic table, plus a slab ready for your grill. Walk to the Murray Nelson Cultural Center, restaurants, and shopping. Just five minutes to Pennekamp Park and the Marvin D. Adams Waterway -- Ocean to Bay access with great diving minutes away. Truly Nolen contract in place transfers to Buyer. This is your tropical getaway ready for your personal touches! This home is easily adapted to your needs by adding a bathroom or even enclosing the downstairs to double the living space. Dont pass this one up , call for a preview!
    175 days
    245
    24

    Zillow last checked:

    Listing updated:

    Listed by:

    Mari Crossen Joiner, Realtor, BS, CAM 305-522-3648,

    Better Homes and Gardens Real Estate Destinations

    Source: FLKMLS,MLS#: 619489MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 1
      • Full bathrooms: 1
      Bedroom 1
      • Description: from floor plan
      • Level: Second
      • Area: 130 Square Feet
      • Dimensions: 13 x 10
      Bedroom 2
      • Description: from floor plan
      • Level: Second
      • Area: 110 Square Feet
      • Dimensions: 11 x 10
      Bedroom 3
      • Description: from floor plan
      • Level: Second
      • Area: 117 Square Feet
      • Dimensions: 9 x 13
      Full bathroom
      • Description: from floor plan
      • Level: Second
      • Area: 70 Square Feet
      • Dimensions: 7 x 10
      Dining room
      • Description: from floor plan
      • Level: Second
      • Area: 80 Square Feet
      • Dimensions: 8 x 10
      Kitchen
      • Description: from floor plan
      • Level: Second
      • Area: 60 Square Feet
      • Dimensions: 6 x 10
      Living room
      • Description: from floor plan
      • Level: Second
      • Area: 210 Square Feet
      • Dimensions: 15 x 14
      Other
      • Description: Hallway from floor plan
      • Level: Second
      • Area: 12 Square Feet
      • Dimensions: 6 x 2
      Other
      • Description: Downstairs Enclosure from floor plan
      • Level: Main
      • Area: 120 Square Feet
      • Dimensions: 10 x 12
      Other
      • Description: Deck from floor plan
      • Level: Main
      • Area: 180 Square Feet
      • Dimensions: 20 x 9
      Other
      • Description: front and back enetry porches
      • Area: 297 Square Feet
      • Dimensions: 99 x 3
      Cooling
      • Wall/Window Unit(s), Ceiling Fans(s)
      Appliances
      • Included: Washer, Dryer, Refrigerator, Range
      Features
      • Flooring: Vinyl, Laminate
      Interior area
      • Total structure area: 1,064
      • Total interior livable area: 1,064 sqft

      Property

      Accessibility
      • Accessibility features: None
      Features
      • Patio & porch: Open Porch/Balcony
      • Fencing: Fenced
      Lot
      • Size: 5,227 Square Feet
      • Dimensions: 50 X 107
      Details
      • Additional structures: Shed(s)
      • Parcel number: 00464870000000
      • Zoning: IS - Improved Subivision District

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Frame
      Condition
      • Year built: 1985

      Utilities & green energy

      • Utilities for property: Cable Available

      Community & HOA

      Community
      • Subdivision: Pamela Villa (102.5)
      HOA
      • Has HOA: No
      • Services included: None
      Location
      • Region: Key Largo

      Financial & listing details

      • Price per square foot: $616/sqft
      • Tax assessed value: $430,143
      • Annual tax amount: $1,734
      • Date on market: 4/14/2026
      • Listing terms: Cash,Conventional,FHA

        Estimated market value

        $626,300

        $595,000 - $658,000

        $3,190/mo

        Price history

        DateEventPrice
        7/30/2026Price change$655,000-3%$616/sqft
        Source: FLKMLS #619489 Report a problem
        7/16/2026Price change$675,000-2.9%$634/sqft
        Source: FLKMLS #619489 Report a problem
        4/14/2026Listed for sale$695,000+540.6%$653/sqft
        Source: Key West AOR #619489 Report a problem
        8/6/1998Sold$108,500$102/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,735 +4.3%$157,143 +2.9%
        2024$1,663 +7.4%$152,715 +3%
        2023$1,549 +1.8%$148,267 +3%
        2022$1,521 +0.5%$143,949 +3%
        2021$1,514 +0.5%$139,757 +1.4%
        2020$1,507 $137,828 +2.3%
        2019$1,507 +1.5%$134,730 +1.9%
        2018$1,485 +0.6%$132,218 +2.1%
        2017$1,477 +1.9%$129,499 +2.1%
        2016$1,450 -0.8%$126,836 +0.7%
        2015$1,462 $125,954
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 33037

        Getting around

        43 / 100
        Car-Dependent
        79 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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