Home » Properties » 98701 Overseas Hwy, Key Largo FL 33037

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Secluded Waterfront Home in Key Largo, FL

Discover this unique 4-bedroom, 5-bath waterfront residence on over an acre in Key Largo, offering privacy and coastal elegance.

$2,888,000

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MLS #A11720502

Listing Updated: 2026-07-11 12:38:42

Listed By: American Caribbean Real Estate

Overview

This distinctive three-story home in Key Largo presents a rare combination of privacy and waterfront living on over an acre of lushly landscaped grounds. Built in 1965 and thoughtfully updated, the property features four private en suite bedrooms, each with its own entrance, ideal for family or guests seeking comfort and independence. The open balcony and multiple entry points enhance the seamless indoor-outdoor flow, while the converted garage adds versatile space. Located on Overseas Highway, this coastal retreat offers a tranquil setting with direct water access, perfect for those seeking a serene lifestyle in the Florida Keys.

Property Highlights

Four en suite bedrooms with private entrances, waterfront location, over an acre of landscaped grounds, three-story coastal design, open balcony, converted garage space, driveway parking.

Property Details

City: Key Largo

State: FL

Zip Code: 33037

Address: 98701 Overseas Hwy, Key Largo FL 33037

Year Built: 1965

Property Type: Residential

Property Sub Type: Single Family Residence

Listing Office Name: American Caribbean Real Estate

County: Monroe County

Garage Spaces: 0

Parking Features: Driveway, Other

Interior Features: First Floor Entry, Second Floor Entry, Third Floor Entry, Garage Converted

Exterior Features: Open Balcony

Waterfront: Yes

Pool: No

HOA Fee: $0

Annual Tax: $18,469

Days On Market: 514 Days

Original Listing Description

A Secluded Waterfront Paradise in the Heart of the Florida Keys. Step into a world of minimalistic elegance and tranquility at this one-of-a-kind coastal oasis. Tucked away on over an acre of lushly landscaped, private property stretching from highway to water, this architecturally unique home offers serene luxury and endless possibilities. Arrive via a tree-lined driveway to discover a striking three-story coastal retreat. Featuring four private en suite bedrooms, each with its separate entrance, the home is designed to provide privacy and relaxation for family and guests alike, great rental property for corporate retreat.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

98701 Overseas Hwy, Key Largo FL 33037

About This Neighborhood

Key Largo is known for its scenic waterfront views and vibrant marine environment. The neighborhood combines natural beauty with accessibility, offering residents a peaceful setting while remaining close to shops, dining, and recreational activities. The community is popular among those seeking a relaxed coastal lifestyle with easy access to boating, fishing, and outdoor pursuits.

Walkability & Lifestyle

While Key Largo is more known for its natural surroundings than urban walkability, residents benefit from nearby dining, shopping, and waterfront areas accessible by short drives. The community offers a relaxed pace with opportunities to enjoy beaches, parks, and marinas. Daily errands and leisure activities are conveniently reachable, supporting a balanced coastal lifestyle.

Things To Do Nearby

Key Largo provides a wealth of outdoor and recreational activities, including boating, fishing, diving, and exploring the nearby coral reefs. The area features waterfront dining, cultural attractions, and parks for family outings. Residents can enjoy a range of lifestyle options from serene nature experiences to vibrant local events and nightlife.

Nearby Schools

Key Largo offers access to several educational institutions within reasonable distance, providing options for families. The area's schools support the community with various programs, contributing to the neighborhood's family-friendly environment. Proximity to schools adds convenience for residents balancing lifestyle and education needs.

Why Buyers Like This Area

Buyers are drawn to this area for its blend of privacy, waterfront access, and the unique charm of the Florida Keys. The property's design with multiple private entrances suits diverse living arrangements, appealing to families and groups alike. The location offers a peaceful retreat while maintaining proximity to essential amenities and recreational opportunities.

Investment Potential

This waterfront property in Key Largo offers a unique appeal for buyers interested in a private coastal residence. Its layout with separate entrances for each bedroom suits multi-family living or corporate retreats, enhancing its usability. The location on Overseas Highway provides convenient access to local amenities and the natural beauty of the Florida Keys. While the market can fluctuate, properties with direct water access and privacy tend to maintain steady interest due to their rarity and lifestyle benefits.

Market Trends

The Key Largo real estate market reflects consistent demand for waterfront and unique homes, driven by buyers looking for privacy and coastal living. Inventory in this segment tends to be limited, which supports steady interest. Market trends show that properties offering direct access to water and distinctive architectural features attract buyers seeking lifestyle-oriented homes in the Florida Keys.

Rental Income Potential

Properties like this in Key Largo attract interest from renters seeking vacation stays or corporate retreats, especially given the separate entrances for each bedroom. The waterfront location and privacy enhance its appeal for short-term rentals. Seasonal demand in the Florida Keys can provide opportunities for rental activity, although potential owners should consider local regulations and market conditions carefully.