$27,900,000
97601 Overseas Highway
Key Largo, FL 33037
MANDALAY
Explore the area: Monroe County real estate
Price Check
How this price compares
- List price
- $27,900,000
- Price per sq ft
- N/A
- Original price
- $29,975,000
- Days on market
- 323
This lot is listed at $27,900,000. The asking price has come down 6.9% from its original $29,975,000. It has been on the market for 323 days.
Estimated monthly payment
$146,627 /mo
Principal and interest only, based on $5,580,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $27,900,000
- Days on Site
- 323 Days
- Bedrooms
- 0
- Total Baths
- 0
- Lot Size
- 7.34 Acres
- Property Type
- Land
- MLS #
- A11842443
- Property Tax
- $39,754 (2024)
- Subdivision
- MANDALAY
- County
- Monroe
- Status
- Active
- Special Conditions
- Short Sale
About This Property
Seize this rare opportunity to develop one of the largest entitled waterfront parcels in the Florida Keys! This 7.4-acre assemblage offers 10 Total parcels, 54(57) ROGO exemptions, 15 transient rights, 30 wet slips, and commercial SF. Multiple parcels sold as a package. Located oceanside at MM 97.5 with excellent visibility and access to boating and tourism. With flexible zoning across multiple land use districts (MU, SC, UR, URM), the site supports a wide variety of uses, including residential, vacation rentals, hospitality, RV park, marina development, or boat storage. Whether you envision a boutique resort, waterfront rental community, or luxury mixed-use enclave, this is a truly one-of-a-kind investment opportunity in Monroe County.
Virtual TourGeneral Features
- Property Type
- Land
- Status
- Active
- Lot Size (Acres)
- 7.34
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- MU,SC,UR, URM
Exterior Features
- Lot Features
- Five To Ten Acres / Rural Lot
- Waterfront
- Yes
- Waterfront Features
- Ocean Access / Ocean Front
- View
- Ocean
Community & HOA
- Association Amenities
- Boat Dock
- Utilities
- Cable Available / Electricity Available / Phone Available / Sewer Available / Trash Collection / Water Available
- Financing Terms
- Cash
- MLS Area
- 2980
Schools
- Elementary School
- Key Largo
- Middle School
- Key Largo
- High School
- Coral Shores
Features & Amenities
About the Area
- Homes for Sale
- 222
- Median List Price
- $897,000
- Median $/Sq Ft
- $699
- Avg Days on Market
- 157
Frequently Asked Questions
- How do I schedule a tour of 97601 Overseas Highway, Key Largo, FL 33037?
- Use the Tour button on this listing to request a showing of 97601 Overseas Highway, Key Largo, FL 33037. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 97601 Overseas Highway, Key Largo, FL 33037 still available?
- 97601 Overseas Highway, Key Largo, FL 33037 is currently listed as Active, and has been on the market 323 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 97601 Overseas Highway, Key Largo, FL 33037?
- With 20% down ($5,580,000) on the $27,900,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 97601 Overseas Highway, Key Largo, FL 33037 is about $146,627/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 97601 Overseas Highway, Key Largo, FL 33037?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 97601 Overseas Highway, Key Largo, FL 33037. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 97601 Overseas Highway, Key Largo, FL 33037?
- 97601 Overseas Highway, Key Largo, FL 33037 is zoned for Key Largo (elementary), Key Largo (middle), Coral Shores (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 97601 Overseas Highway, Key Largo, FL 33037?
- Often, yes. The right offer on 97601 Overseas Highway, Key Largo, FL 33037 depends on how it's priced against comparable land sales in Key Largo, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Swenson & Ecuyer Realty
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 25, 2026.
$27,900,000
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Listed by Olga Grant, Swenson & Ecuyer Realty
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