Huge Direct Oceanfront Compound -- One-of-a-Kind with 276-Foot Concrete Dock
Adjacent to World-Famous John Pennekamp, Coral Reef State Park & Molasses Reef.
Discover a truly exceptional and private oceanfront compound designed for boating enthusiasts, investors, or multi-generational living. Spread across three expansive lots, this rare property includes two distinct homes and direct water access -- a combination that's nearly impossible to find in today's market.
The primary residence features a Modern Style 3 bedrooms and 2 full baths, offering bright, comfortable living spaces and sweeping ocean views. The second home, complete Modern Style 2 bedrooms and 2 baths on a separate meter, is ideal for guests, or extended family.
Step outside to unparalleled oceanfront living with a 276-foot concrete dock, perfect for accommodating large vessels, fishing, and launching watercraft. The grounds offer generous room for entertaining, expansion, or simply enjoying the peaceful surroundings of this secluded coastal haven.
Highlights:
3 lots with two homes and a 276-ft dock, Turn-Key
Direct ocean access -- idea for boating on the Ocean or Bay.
Steps from John Pennekamp Coral Reef State Park
Perfect for entertaining, investing, or creating a family retreat
Unmatched privacy and coastal lifestyle potential. Seller will consider all reasonable offers.
For sale
$2,890,000
34 Atlantic Dr, Key Largo, FL 33037
5beds
3,112sqft
Multi Family
Built in 1943
-- sqft lot
$-- Zestimate®
$929/sqft
$-- HOA
What's special
Direct oceanfront compoundUnparalleled oceanfront livingBright comfortable living spacesSweeping ocean viewsDirect water accessSecluded coastal haven
- 159 days
- 689
- 37
Zillow last checked:
Listing updated:
Listed by:
Tracey E. Petrusha 305-896-1080,
LoKation Real Estate,
Michael Petrusha 954-608-4901,
LoKation Real Estate
Source: FLKMLS,MLS#: 619621
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: More Appliances, Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Stainless Steel Appliance(s)
Features
- Granite Counters, Walk-in Closet(s)
- Flooring: Tile
Interior area
- Total structure area: 3,112
- Total interior livable area: 3,112 sqft
Video & virtual tour
Property
Parking
- Parking features: RV Access/Parking
- Has garage: Yes
Features
- Levels: Ground Level
- Patio & porch: Open Porch/Balcony, Patio
- Exterior features: Built-in Barbecue, Lighting, Outdoor Kitchen
- Has private pool: Yes
- Pool features: In Ground, Concrete
- On waterfront: Yes
Lot
- Size: 0.98 Acres
Details
- Parcel number: 00564760000000
- Zoning: IS - Improved Subivision District
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- CBS, Concrete
Condition
- Year built: 1943
Community & HOA
Community
- Features: Community Boat Ramp
- Subdivision: Ocean Reef Shores (905.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Key Largo
Financial & listing details
- Price per square foot: $929/sqft
- Tax assessed value: $1,738,453
- Annual tax amount: $13,133
- Date on market: 4/24/2026
- Listing terms: Cash,Conventional,FHA
Estimated market value
Not available
Estimated sales range
Not available
$6,277/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/24/2026 | Listed for sale | $2,890,000+41%$929/sqft |
Source: | ||
| 5/5/2025 | Sold | $2,050,000-6.8%$659/sqft |
Source: | ||
| 4/9/2025 | Contingent | $2,199,999$707/sqft |
Source: FLKMLS #613125 Report a problem | ||
| 3/17/2025 | Pending sale | $2,199,999$707/sqft |
Source: | ||
| 3/17/2025 | Contingent | $2,199,999$707/sqft |
Source: | ||
| 1/14/2025 | Listed for sale | $2,199,999-4.3%$707/sqft |
Source: | ||
| 6/29/2024 | Listing removed | $2,299,0000%$739/sqft |
Source: | ||
| 3/5/2024 | Listing removed | -- |
Source: | ||
| 8/17/2023 | Price change | $2,300,000+0%$739/sqft |
Source: | ||
| 8/17/2023 | Listed for sale | $2,299,000+15%$739/sqft |
Source: | ||
| 6/22/2023 | Listing removed | -- |
Source: | ||
| 2/3/2023 | Price change | $1,999,000-11.1%$642/sqft |
Source: | ||
| 11/28/2022 | Price change | $2,249,000-10%$723/sqft |
Source: | ||
| 10/13/2022 | Listed for sale | $2,499,000+177.7%$803/sqft |
Source: | ||
| 2/4/2019 | Sold | $900,000$289/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,133 +10.3% | $1,122,454 +10% |
| 2024 | $11,902 +4.4% | $1,020,413 +10% |
| 2023 | $11,405 +20.2% | $927,648 +12.9% |
| 2022 | $9,486 +16.7% | $821,334 +10% |
| 2021 | $8,130 -0.9% | $746,667 -0.2% |
| 2020 | $8,207 | $748,156 -16.6% |
| 2019 | $8,207 -13.2% | $897,306 +2.4% |
| 2018 | $9,456 +6.4% | $876,225 +0.1% |
| 2017 | $8,886 +3.9% | $875,458 +5.7% |
| 2016 | $8,549 +2.7% | $828,549 -0.1% |
| 2015 | $8,323 | $829,195 |
Find assessor info on the county website
Monthly payment
Est. payment






