Skip main navigation
For sale
  • Price cut: $1.5M (5/29)
    $10,999,999

    57 Garden Cove Dr, Key Largo, FL 33037

    6beds
    5,113sqft
    : 
    Loading
    Get pre-qualified
    Single Family Residence
    Built in 2014
    4,791 Square Feet Lot
    $9,847,200 Zestimate®
    $2,151/sqft
    $-- HOA

    What's special

    Introducing 57 Garden Cove Drive, a rare opportunity to own a private, resort-style Key Largo waterfront compound set on nearly 26,000 square feet of land, now OFFERED TOGETHER with an additional adjacent vacant residential parcel, creating exceptional flexibility for future expansion or development. Thoughtfully designed to capture both scale and functionality, the residence features 6 bedrooms & 6 bathrooms, complemented by a private elevator for seamless access throughout. Expansive interiors are filled with natural light, effortlessly connecting indoor living spaces to the surrounding tropical landscape. For boating enthusiasts, the property offers 100FT of premium dockage delivering immediate & unrestricted access to open water -- a rare & highly desirable feature in the Keys. Beyond its lifestyle appeal, the property stands out as a proven income-producing asset. With 7-day short-term rental approval, it is currently operating as a successful vacation rental and wedding venue, supported by an exceptional rental history -- offering both immediate revenue & long-term investment potential. The true differentiator lies in the land and flexibility. With the inclusion of the adjacent parcel, the property presents a unique opportunity to further enhance the estate -- whether through additional structures, expanded amenities, or the creation of a fully realized private resort-style compound. Framed by swaying palms & open water views, this is more than a home -- it is a turnkey lifestyle investment with development upside, positioned in one of the most desirable waterfront enclaves in the Florida Keys.
    219 days
    |
    832
    |
    19
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Courtney Conley 305-395-8206,

    Serhant Florida LLC - Coconut Grove,

    Angel Nicolas 305-336-0916,

    Serhant Florida LLC - Coconut Grove

    Source: FLKMLS,MLS#: 617713MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 6
      • Full bathrooms: 5
      • 1/2 bathrooms: 1
      Cooling
      • Central Air
      Appliances
      • Included: Washer, Dryer, Dishwasher, Microwave
      • Laundry: Laundry Room
      Features
      • Built-in Features, Granite Counters, Elevator, Storage, Walk-in Closet(s), Bar
      • Furnished: Yes
      Interior area
      • Total structure area: 5,113
      • Total interior livable area: 5,113 sqft

      Property

      Parking
      • Parking features: Open
      • Has uncovered spaces: Yes
      Features
      • Patio & porch: Open Porch/Balcony, Patio, Screened Patio
      • Exterior features: Chickee Hut, Lighting
      • Has private pool: Yes
      • Pool features: In Ground
      • Fencing: Fenced
      • On waterfront: Yes
      Lot
      • Size: 4,791 Square Feet
      Details
      • Parcel number: 00539670000000
      • Zoning: MIX - County Mixed Zoning

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • CBS, Concrete
      Condition
      • Year built: 2014

      Community & HOA

      Community
      • Subdivision: Ocean Isle Estates (106.0)
      HOA
      • Has HOA: No
      • Services included: None
      Location
      • Region: Key Largo

      Financial & listing details

      • Price per square foot: $2,151/sqft
      • Tax assessed value: $5,339,419
      • Annual tax amount: $34,738
      • Date on market: 12/16/2025
      • Listing terms: Cash,Conventional

        Estimated market value

        $9,847,200

        $9.35M - $10.34M

        $7,636/mo

        Price history

        DateEventPrice
        5/29/2026Price change$10,999,999-12%$2,151/sqft
        Source: FLKMLS #617713 Report a problem
        12/15/2025Listed for sale$12,500,000$2,445/sqft
        Source: MIAMI #A11930774 Report a problem
        12/2/2025Listing removed$12,500,000$2,445/sqft
        Source: FLKMLS #615557 Report a problem
        6/25/2025Listed for sale$12,500,000-10.7%$2,445/sqft
        Source: FLKMLS #615557 Report a problem
        6/21/2025Listing removed$13,995,000$2,737/sqft
        Source: FLKMLS #611433 Report a problem
        3/16/2025Price change$13,995,000-3.5%$2,737/sqft
        Source: FLKMLS #611433 Report a problem
        12/18/2024Price change$14,500,000-3.3%$2,836/sqft
        Source: Key West AOR #611433 Report a problem
        9/12/2024Listed for sale$15,000,000-11.5%$2,934/sqft
        Source: Key West AOR #611433 Report a problem
        8/27/2024Listing removed--
        Source: FLKMLS #606406 Report a problem
        4/22/2024Price change$16,950,000-5.8%$3,315/sqft
        Source: Key West AOR #606406 Report a problem
        8/24/2023Listed for sale$17,999,000+291.4%$3,520/sqft
        Source: Key West AOR #606406 Report a problem
        10/13/2021Listing removed--
        Source: Zillow Rental Manager Report a problem
        8/9/2021Listed for rent$48,000$9/sqft
        Source: Zillow Rental Manager Report a problem
        12/21/2020Listing removed$4,599,000$899/sqft
        Source: Swenson & Ecuyer Realty #586333 Report a problem
        10/13/2020Price change$4,599,000-2.1%$899/sqft
        Source: Swenson & Ecuyer Realty #586333 Report a problem
        8/14/2020Price change$4,699,000-2.1%$919/sqft
        Source: Swenson & Ecuyer Realty #586333 Report a problem
        7/25/2019Price change$4,799,000-4%$939/sqft
        Source: Swenson & Ecuyer Realty #586333 Report a problem
        7/1/2019Price change$4,999,0000%$978/sqft
        Source: Swenson & Ecuyer Realty #586333 Report a problem
        6/13/2019Price change$4,999,999-28.6%$978/sqft
        Source: Open to Close Realty #580858 Report a problem
        6/15/2018Listed for sale$6,999,999+250%$1,369/sqft
        Source: Open to Close Realty #RX-10440101 Report a problem
        8/19/2014Sold$2,000,000+1190.3%$391/sqft
        Source: Public Record Report a problem
        12/30/1999Sold$155,000$30/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$34,739 +13.9%$3,614,828 +10%
        2024$30,498 +20.9%$3,286,207 +10%
        2023$25,229 +13.9%$2,987,461 +10%
        2022$22,159 +8.4%$2,715,874 +10%
        2021$20,446 -1.3%$2,468,976 -0.7%
        2020$20,719 $2,486,340 +4.7%
        2019$20,719 +4.5%$2,373,706 +2.6%
        2018$19,824 +1.3%$2,314,657 +11.6%
        2017$19,567 +10.6%$2,074,685 +5.1%
        2016$17,693 +3.5%$1,974,888 +19.2%
        2015$17,103 $1,656,170
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 33037

        Getting around

        15 / 100
        Car-Dependent
        39 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        A local lender can help you make sure your offer is ready when you are.

        Browse local experts

        Similar homes