Waterfront opportunity in Key Largo! This rare offering includes two lots with approximately 200 feet of crystal-clear bay frontage, breathtaking sunset views, and calm, clean bay waters. A ROGO letter allows for two residences to be built on the property, The U.S. Army Corps of Engineers previously approved a 250-foot dock. Buyer is responsible for conducting due diligence to verify current requirements and obtain any necessary permits and approvals Architectural plans are included for building your dream waterfront home. Investors and builders may have the opportunity to divide the two lots and construct two separate bayfront residences, subject to applicable approvals. Water, sewer, and electric are already in place. Enjoy a short walk to the beach just north of the property and a nearby public park with a convenient boat launch. A unique opportunity to create a private waterfront retreat or develop an investment in the Florida Keys.
Lot/land
Price cut: $2M (9/10)
$4,695,000
54 Sunset Rd, Key Largo, FL 33037
--beds
0baths
0.87Acres
Unimproved Land
Built in ----
0.87 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Breathtaking sunset viewsCalm clean bay waters
- 5 days
- 200
- 8
Zillow last checked:
Listing updated:
Listed by:
K. Shylon Martin 305-766-3074,
Engel & Völkers Islamorada
Source: FLKMLS,MLS#: 621254
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Features
- Fencing: Fenced
- On waterfront: Yes
Lot
- Size: 0.87 Acres
- Features: Waterfront, Cleared
Details
- Parcel number: 00490900000000
- Zoning: IS - Improved Subivision District
Utilities & green energy
- Electric: Electric on Site
Community & HOA
Community
- Features: Community Boat Ramp
- Security: No Security
- Subdivision: Sunset Point (95.0)
HOA
- Has HOA: No
Location
- Region: Key Largo
Financial & listing details
- Tax assessed value: $3,507,986
- Annual tax amount: $24,302
- Date on market: 9/10/2026
- Listing terms: No Seller Finance
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/10/2026 | Price change | $4,695,000-29.9% |
Source: | ||
| 6/12/2026 | Listed for sale | $6,700,000+91.7% |
Source: | ||
| 4/11/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 2/14/2021 | Pending sale | $3,495,000 |
Source: Owner Report a problem | ||
| 1/14/2021 | Listed for sale | $3,495,000+58.9% |
Source: Owner Report a problem | ||
| 5/15/2019 | Sold | $2,200,000-8.3% |
Source: | ||
| 3/14/2019 | Listed for sale | $2,400,000+26.3% |
Source: Century 21 Schwartz Realty (KL) #584766 Report a problem | ||
| 6/27/2017 | Sold | $1,900,000-4.8% |
Source: | ||
| 5/10/2017 | Listed for sale | $1,995,000 |
Source: Dooley Realty, Inc. #A10262571 Report a problem | ||
| 5/10/2017 | Pending sale | $1,995,000 |
Source: Dooley Realty, Inc. #A10262571 Report a problem | ||
| 4/20/2017 | Listed for sale | $1,995,000+42.5% |
Source: Dooley Realty Inc. #575232 Report a problem | ||
| 9/29/2015 | Sold | $1,400,000-20% |
Source: Public Record Report a problem | ||
| 7/25/2015 | Listed for sale | $1,750,000 |
Source: Coldwell Banker Schmitt Key Largo #568051 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $24,303 +8.3% | $2,626,257 +10% |
| 2024 | $22,442 +7% | $2,387,506 +10% |
| 2023 | $20,976 +18.7% | $2,170,460 +10% |
| 2022 | $17,667 +18% | $1,973,145 +10% |
| 2021 | $14,967 -0.6% | $1,793,768 0% |
| 2020 | $15,062 | $1,793,945 +9% |
| 2019 | $15,062 +33.2% | $1,646,337 +62.2% |
| 2018 | $11,309 +27.5% | $1,015,050 -16.6% |
| 2017 | $8,873 -15.8% | $1,217,266 -13% |
| 2016 | $10,541 -18.2% | $1,399,459 +83.8% |
| 2015 | $12,882 | $761,272 |
Find assessor info on the county website





