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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
    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.
    5 days
    200
    8

    Zillow last checked:

    Listing updated:

    Listed by:

    K. Shylon Martin 305-766-3074,

    Engel & Völkers Islamorada

    Source: FLKMLS,MLS#: 621254MLS Logo

      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

        DateEventPrice
        9/10/2026Price change$4,695,000-29.9%
        Source: FLKMLS #621254 Report a problem
        6/12/2026Listed for sale$6,700,000+91.7%
        Source: FLKMLS #620256 Report a problem
        4/11/2021Listing removed--
        Source: Owner Report a problem
        2/14/2021Pending sale$3,495,000
        Source: Owner Report a problem
        1/14/2021Listed for sale$3,495,000+58.9%
        Source: Owner Report a problem
        5/15/2019Sold$2,200,000-8.3%
        Source: FLKMLS #584766 Report a problem
        3/14/2019Listed for sale$2,400,000+26.3%
        Source: Century 21 Schwartz Realty (KL) #584766 Report a problem
        6/27/2017Sold$1,900,000-4.8%
        Source: FLKMLS #575232 Report a problem
        5/10/2017Listed for sale$1,995,000
        Source: Dooley Realty, Inc. #A10262571 Report a problem
        5/10/2017Pending sale$1,995,000
        Source: Dooley Realty, Inc. #A10262571 Report a problem
        4/20/2017Listed for sale$1,995,000+42.5%
        Source: Dooley Realty Inc. #575232 Report a problem
        9/29/2015Sold$1,400,000-20%
        Source: Public Record Report a problem
        7/25/2015Listed for sale$1,750,000
        Source: Coldwell Banker Schmitt Key Largo #568051 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Monthly payment

        Estimated monthly payment$1,822
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 33037

        Getting around

        19 / 100
        Car-Dependent
        41 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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