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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
    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!
    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#: 621722MLS Logo

      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

        DateEventPrice
        10/21/2026Listed for sale$5,295,000+23.1%
        Source: FLKMLS #621722 Report a problem
        6/10/2024Sold$4,300,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

        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

        Nearby schools

        GreatSchools rating

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