A truly rare opportunity in the Florida Keys! Welcome to 554 Ocean Cay, an exceptional oceanfront building lot located within an exclusive gated community in Port Largo, Key Largo. What makes this property so extraordinary is its unique combination of direct Atlantic Ocean frontage in the backyard and 100 feet of deep-water dockage in the front, offering direct ocean access and the ability to accommodate yachts up to 100 feet. BEST OF ALL, THIS LOT WAS PREVIOUSLY IMPROVED WITH A HOME, OFFERING A SIGNIFICANT ADVANTAGE FOR BUYERS LOOKING TO BUILD WITHOUT THE TYPICAL WAIT ASSOCIATED WITH VACANT LAND IN THE FLORIDA KEYS! Very few properties in the entire Florida Keys offer this remarkable combination of oceanfront living, deep-water yacht dockage, and an existing residential building history. Imagine designing your custom waterfront estate overlooking the open Atlantic Ocean while keeping your yacht just steps from your front door. Enjoy breathtaking ocean views, exceptional boating access, and the privacy of an exclusive gated community. For the discerning buyer seeking a truly unique location to create a magnificent Florida Keys estate, opportunities like this are increasingly difficult to find. Two waterfront experiences, one extraordinary property. This is Florida Keys living at its finest!
Lot/land
$5,295,000
554 Ocean Cay Dr, Key Largo, FL 33037
--beds
0baths
0.28Acres
Unimproved Land
Built in ----
0.28 Acres Lot
$-- Zestimate®
$--/sqft
$125/mo HOA
What's special
Direct ocean accessOceanfront building lotBreathtaking ocean viewsExceptional boating access
- 10 days
- 184
- 8
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Pedro 'Pete' Riveiro, PA 305-619-0257,
The Firm Realty Group
Source: FLKMLS,MLS#: 621722
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Features
- On waterfront: Yes
Lot
- Size: 0.28 Acres
- Dimensions: 100 x 217+
- Features: Waterfront, Cleared
Details
- Parcel number: 00453475017000
- Zoning: IS - Improved Subivision District
Utilities & green energy
- Electric: Electric on Site
Community & HOA
Community
- Features: Community Dockage, Community Boat Ramp, Other
- Security: Security Gate, Other
- Subdivision: Port Largo (100.0)
HOA
- Has HOA: Yes
- HOA fee: $1,500 annually
Location
- Region: Key Largo
Financial & listing details
- Tax assessed value: $3,637,840
- Annual tax amount: $30,012
- Date on market: 10/21/2026
- Listing terms: Buyer Obtain Finance
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/21/2026 | Listed for sale | $5,295,000+23.1% |
Source: | ||
| 6/10/2024 | Sold | $4,300,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $30,012 +28% | $3,637,840 +35.9% |
| 2024 | $23,444 +8% | $2,677,667 +10% |
| 2023 | $21,701 +14.5% | $2,434,243 +10% |
| 2022 | $18,951 +12% | $2,212,948 +10% |
| 2021 | $16,925 -4% | $2,011,771 -3.5% |
| 2020 | $17,626 | $2,084,075 -3.2% |
| 2019 | $17,626 +1.9% | $2,152,056 +20.5% |
| 2018 | $17,302 +11.5% | $1,786,031 +5.6% |
| 2017 | $15,515 +6.4% | $1,691,263 +8.3% |
| 2016 | $14,586 +5.1% | $1,561,190 +0.2% |
| 2015 | $13,876 | $1,557,569 |
Find assessor info on the county website







