For sale

$680,000

978 Gibraltar Road, Key Largo, FL 33037

4beds

2baths

3,794sqft

$4,291/mo

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Duplex, Multi Family, Multi Family

Built in 1984

-- sqft lot

$644,600 Zestimate^®

$179/sqft

$-- HOA

What's special

This two-story duplex in Winston Park, Key Largo offers 3,794 square feet of finished space designed for ownership and income potential. The dual-unit layout provides flexibility—whether you occupy one side while generating revenue from the other, or lease both units for consistent cash flow. The substantial square footage across two floors delivers versatility for customization and tenant appeal. Well-positioned in an established community, this property combines residential livability with investment fundamentals that support long-term value. cap rate 6.2%

156 days
289
27

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2

Heating

Central

Cooling

Central Air, Ceiling Fan(s)

Appliances

Laundry: Common Area

Features

Flooring: Ceramic Tile

Interior area

Total structure area: 3,794
Total interior livable area: 3,794 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 4

Accessibility

Accessibility features: None

Features

Levels: Two
Stories: 2
Exterior features: Garden, Storage
Has view: Yes
View description: Garden

Lot

Size: 5,125 Square Feet
Features: None, < 1/4 Acre

Details

Parcel number: 00545530000000
Zoning: is
Special conditions: Standard,Listed As-Is

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex, Multi Family, Multi Family

Materials

Other, Concrete
Foundation: Pillar/Post/Pier
Roof: Flat

Condition

Resale
New construction: No
Year built: 1984

Utilities & green energy

Electric: 100 Amp Service
Sewer: Public Sewer
Water: Multiple Meters, Public
Utilities for property: Cable Available, Electricity Available, Sewer Available, Water Available

Community & HOA

Community

Subdivision: WINSTON PARK

HOA

Has HOA: No

Location

Region: Key Largo

Financial & listing details

Price per square foot: $179/sqft
Tax assessed value: $377,120
Annual tax amount: $4,605
Date on market: 5/27/2026
Cumulative days on market: 156 days
Listing terms: Cash,Conventional,FHA
Tenant pays: Common Area Maintenance, Cable TV, Electricity, Sewer, Water
Electric utility on property: Yes
Road surface type: Asphalt

Estimated market value

$644,600

$612,000 - $677,000

$2,619/mo

Price history

Date	Event	Price
5/27/2026	Listed for sale	$680,000+70%$179/sqft
Source: BeachesMLS #B26033415 Report a problem
3/14/2022	Sold	$400,000+103.8%$105/sqft
Source: Public Record Report a problem
10/11/2013	Sold	$196,300-43.9%$52/sqft
Source: FLKMLS #561639 Report a problem
4/20/2004	Sold	$350,000$92/sqft
Source: FLKMLS #518489 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,605 +0.2%	$377,120 -3.1%
2024	$4,594 +6.8%	$389,383 +4.8%
2023	$4,302 +0.5%	$371,563 +5.9%
2022	$4,282 +9.2%	$350,798 +10%
2021	$3,920 +6.1%	$318,907 +10%
2020	$3,696	$289,915 +10%
2019	$3,696 +7.2%	$263,559 -1.9%
2018	$3,447 -2.3%	$268,583 -0.2%
2017	$3,528 +3%	$269,060 +12.1%
2016	$3,425 +3.9%	$240,040 +1%
2015	$3,297	$237,726