Luxury resort-style living meets exceptional income potential in this spacious two-story townhouse at Mariner's Club & Marina, one of Key Largo's premier oceanfront communities. Currently a turnkey vacation rental with nightly rentals permitted, this unique lock-off floor plan offers incredible flexibility. The home is configured as a 2-bedroom, 2-bath vacation rental with a connected, partially finished 2-bedroom, 1-bath owner's suite separated by a lockable interior door and separate exterior entrance. Enjoy the entire 4-bedroom, 3-bath residence, reserve a private owner's area for your exclusive use when the home is not rented, or maximize income by renting the entire home. Inside, you'll find an open-concept floor plan, fully equipped kitchen, spacious bedrooms, in-unit washer and dryer, and a covered patio ideal for outdoor dining and entertaining. An oversized attached garage provides plenty of room for your vehicle, golf cart, and all your boating and water sports gear. Mariner's Club offers an exceptional resort lifestyle with two oceanfront swimming pools, a spa with waterfall grotto, fitness center, speakeasy lounge and game room, indoor and outdoor pickleball courts, tennis, basketball, and a protected deep water 43-slip marina with dry rack storage and direct ocean access. Beautiful tropical grounds feature a sandy beach, tiki huts, fishing pier, orchid garden, EV charging stations, a staffed guard gate, and 24-hour security. Owners enjoy unlimited personal use and the flexibility to self-manage rentals or hire a local property manager. Pets are welcome for owners and for tenants with leases longer than six months. Buyer contributions due at closing include a refundable $45,000 equity membership and a nonrefundable capital contribution of $10,699.20. Whether you're seeking a luxury Keys getaway, a high-performing investment property, or both, this rare opportunity offers the best of the Florida Keys lifestyle.
Under contract
$979,000
97501 Overseas Hwy Unit 802, Key Largo, FL 33037
4beds
2,518sqft
Townhouse
Built in 2003
3,731 Square Feet Lot
$-- Zestimate®
$389/sqft
$2,594/mo HOA
What's special
Spacious bedroomsFishing pierSandy beachTwo oceanfront swimming poolsBeautiful tropical groundsSpacious two-story townhouseOpen-concept floor plan
- 86 days
- 201
- 17
Zillow last checked:
Listing updated:
Listed by:
Michelle Rusch 305-972-4105,
LoKation Real Estate
Source: FLKMLS,MLS#: 620765
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air
Appliances
- Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Freezer
Features
- Gym
- Flooring: Tile
- Furnished: Yes
Interior area
- Total structure area: 2,518
- Total interior livable area: 2,518 sqft
Property
Parking
- Parking features: Garage
- Has garage: Yes
Features
- Patio & porch: Patio
- Exterior features: Chickee Hut, Outdoor Shower, Sandy Beach, Tennis Court(s)
- Has private pool: Yes
- Pool features: In Ground
- Has spa: Yes
- Spa features: Heated, Community
Lot
- Size: 3,731 Square Feet
Details
- Parcel number: 00554891008000
- Zoning: IS - Improved Subivision District
Construction
Type & style
- Home type: Townhouse
- Architectural style: Townhouse
- Property subtype: Townhouse
Materials
- CBS, Concrete
Condition
- Updated/Remodeled
- New construction: No
- Year built: 2003
Utilities & green energy
- Utilities for property: Elect Separate Meter
Community & HOA
Community
- Features: Community Dockage, Clubhouse, Manager on Premises, Beach, Other
- Security: Security Gate, Gated with Guard, Security Guard
- Subdivision: Key Largo North - Marnier's Club (97.0)
HOA
- Has HOA: Yes
- Services included: Cable TV, Sewer, Pest Control, Water, Maintenance Structure, Insurance, Common Area Mnt, Security
- HOA fee: $7,782 quarterly
Location
- Region: Key Largo
Financial & listing details
- Price per square foot: $389/sqft
- Tax assessed value: $860,756
- Annual tax amount: $7,569
- Date on market: 7/28/2026
- Listing terms: No Seller Finance,Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/16/2026 | Contingent | $979,000$389/sqft |
Source: | ||
| 7/28/2026 | Listed for sale | $979,000+92%$389/sqft |
Source: | ||
| 5/13/2021 | Sold | $510,000+92.5%$203/sqft |
Source: Public Record Report a problem | ||
| 7/25/2014 | Sold | $265,000-5%$105/sqft |
Source: | ||
| 4/15/2014 | Listing removed | $279,000$111/sqft |
Source: Barbara Eads Realty, Inc. #562826 Report a problem | ||
| 4/10/2014 | Price change | $279,000-4.6%$111/sqft |
Source: Barbara Eads Realty, Inc. #562826 Report a problem | ||
| 12/14/2013 | Listed for sale | $292,500-8.9%$116/sqft |
Source: Barbara Eads Realty, Inc. #562826 Report a problem | ||
| 7/9/2003 | Sold | $321,100$128/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,570 +7.4% | $843,282 +10% |
| 2024 | $7,045 +5.3% | $766,620 +10% |
| 2023 | $6,689 +22.4% | $696,927 +10% |
| 2022 | $5,464 +25.9% | $633,570 +37.4% |
| 2021 | $4,339 +7.6% | $461,150 +10% |
| 2020 | $4,032 | $419,227 -2.9% |
| 2019 | $4,032 +4.1% | $431,946 -5.7% |
| 2018 | $3,873 +0.6% | $457,969 +42.2% |
| 2017 | $3,849 +19.3% | $322,060 +12.5% |
| 2016 | $3,226 +5.5% | $286,337 +9.3% |
| 2015 | $3,057 | $262,015 |
Find assessor info on the county website
Monthly payment
Est. payment







