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.
For sale
$10,999,999
57 Garden Cove Dr, Key Largo, FL 33037
6beds
5,113sqft
Single Family Residence
Built in 2014
4,791 Square Feet Lot
$9,587,400 Zestimate®
$2,151/sqft
$-- HOA
What's special
- 330 days
- 611
- 27
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#: 617713
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
$9,587,400
$9.01M - $10.16M
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2026 | Price change | $10,999,999-12%$2,151/sqft |
Source: | ||
| 12/15/2025 | Listed for sale | $12,500,000$2,445/sqft |
Source: | ||
| 12/2/2025 | Listing removed | $12,500,000$2,445/sqft |
Source: | ||
| 6/25/2025 | Listed for sale | $12,500,000-10.7%$2,445/sqft |
Source: | ||
| 6/21/2025 | Listing removed | $13,995,000$2,737/sqft |
Source: | ||
| 3/16/2025 | Price change | $13,995,000-3.5%$2,737/sqft |
Source: | ||
| 12/18/2024 | Price change | $14,500,000-3.3%$2,836/sqft |
Source: | ||
| 9/12/2024 | Listed for sale | $15,000,000-11.5%$2,934/sqft |
Source: | ||
| 8/27/2024 | Listing removed | -- |
Source: | ||
| 4/22/2024 | Listed for sale | $16,950,000-5.8%$3,315/sqft |
Source: | ||
| 8/24/2023 | Listed for sale | $17,999,000+291.4%$3,520/sqft |
Source: | ||
| 10/13/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 8/9/2021 | Listed for rent | $48,000$9/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 12/21/2020 | Listing removed | $4,599,000$899/sqft |
Source: Swenson & Ecuyer Realty #586333 Report a problem | ||
| 10/13/2020 | Price change | $4,599,000-2.1%$899/sqft |
Source: Swenson & Ecuyer Realty #586333 Report a problem | ||
| 8/14/2020 | Listed for sale | $4,699,000-2.1%$919/sqft |
Source: Swenson & Ecuyer Realty #586333 Report a problem | ||
| 7/25/2019 | Price change | $4,799,000-4%$939/sqft |
Source: Swenson & Ecuyer Realty #586333 Report a problem | ||
| 7/1/2019 | Price change | $4,999,0000%$978/sqft |
Source: Swenson & Ecuyer Realty #586333 Report a problem | ||
| 6/13/2019 | Listed for sale | $4,999,999-28.6%$978/sqft |
Source: Open to Close Realty #580858 Report a problem | ||
| 6/15/2018 | Listed for sale | $6,999,999+250%$1,369/sqft |
Source: Open to Close Realty #RX-10440101 Report a problem | ||
| 8/19/2014 | Sold | $2,000,000+1190.3%$391/sqft |
Source: Public Record Report a problem | ||
| 12/30/1999 | Sold | $155,000$30/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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




