RARE BAYFRONT ACREAGE WITH 200 FEET OF WATERFRONT - A rare offering at the edge of Key Largo and the Village of Islamorada, this double lot spans nearly one acre on a prime point of land on Florida Bay with over 200 feet of linear improved shoreline - double the width compared to typical parcels. Located in a tucked-away enclave of bayfront estates nestled among native hardwoods, just over an hour from the City of Miami and Miami International Airport, offering unmatched privacy with unbeatable convenience.A spectacular setting with both sunrise and sunset views, featuring a sandy beach, cut-in boat basin served by a deep-water private channel, wade-in beach entry, easy access to Bay with 2 ramps for launching water crafts & Hobie Cats, resort-style pool framed by palms, a concrete pier over crystal-clear blue waters and sandy bay bottom. Amazing sea life can be seen below such as starfish, lobsters & snook while ospreys & other native birds soar overhead finding refuge among the trees, adding vibrant life and natural beauty to the surroundings.Located in an area ideal for riding bikes and walking safely off the highway, the expansive grounds offer room to roam for children and pets--an exceptional setting for a family compound or legacy estate. The existing 4BD 2BA concrete residence with covered outdoor living space provides immediate use and serves as a valuable right to build a custom waterfront retreat tailored to your vision without having to wait for a Monroe County ROGO allocation. With rare development flexibility, captivating views, and premier location, the property stands as one of the most iconic offerings in the Upper Keys.
For sale
Price cut: $100K (2/17)
$4,850,000
36 Sunset Rd, Key Largo, FL 33037
4beds
1,872sqft
Est.:
Single Family Residence
Built in 1962
0.91 Acres Lot
$4,631,200 Zestimate®
$2,591/sqft
$-- HOA
What's special
Deep-water private channelResort-style poolCut-in boat basinSandy beachExpansive groundsCovered outdoor living spaceNative hardwoods
- 116 days |
- 1,725 |
- 48 |
Zillow last checked: 8 hours ago
Listing updated: February 17, 2026 at 05:05am
Listed by:
Karan Moeller, PA 305-522-2857,
Ocean Sotheby's International Realty
Source: FLKMLS,MLS#: 616004
Originating MLS: Florida Keys
Originating MLS: Florida KeysTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central, Electric, Ductless
Cooling
- Central Air, Ductless, Ceiling Fans(s)
Appliances
- Included: Washer, Stainless Steel Appliance(s), Wine Cooler, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
- Laundry: Laundry Room
Features
- Granite Counters, Storage, Utility Room
- Flooring: Tile, Combination, Carpet
- Doors: French Doors
- Windows: Drapes/Blinds Incl, Accordion, Other
Interior area
- Total interior livable area: 1,872 sqft
Video & virtual tour
Property
Parking
- Parking features: Open, Trailer Storage, RV Parking Open, Guest
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Open Porch/Balcony, Deck, Patio
- Exterior features: Sandy Beach, Outdoor Shower, Lighting, Boat Slip
- Has private pool: Yes
- Pool features: In Ground, Decked, Concrete
- Fencing: Fenced
- Has view: Yes
- View description: Bay/Gulf View, Water
- Has water view: Yes
- Water view: Bay/Gulf View,Water
- Waterfront features: Bay Front, Open Water, Gulf Front, Waterfront, Sandy Beach, Seawall: Concrete, Dock: Concrete, Dockage: Boat Ramp, Boat Slip
Lot
- Size: 0.91 Acres
- Features: 1/2 - Less Than 1 AC
Details
- Additional structures: Workshop, Chickee Hut, Shed(s)
- Parcel number: 00490880000000
- Zoning: IS
- Zoning description: Improved Subivision District
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- CBS
- Roof: Metal
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1962
Utilities & green energy
- Electric: Elect Separate Meter
- Sewer: Municipal Sewer, Public Sewer
- Water: Water Separate Meter
- Utilities for property: FKAA, Cable Available, Cable Connected
Community & HOA
Community
- Features: Community Boat Ramp
- Subdivision: Sunset Point (95.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Key Largo
Financial & listing details
- Price per square foot: $2,591/sqft
- Tax assessed value: $4,812,728
- Annual tax amount: $8,382
- Date on market: 10/30/2025
- Listing terms: Seller Finance Psble
Estimated market value
$4,631,200
$4.40M - $4.86M
$4,920/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/17/2026 | Price change | $4,850,000-2%$2,591/sqft |
Source:  FLKMLS #616004 Report a problem | ||
| 12/3/2025 | Price change | $4,950,000-6.6%$2,644/sqft |
Source:  Key West AOR #616004 Report a problem | ||
| 10/30/2025 | Listed for sale | $5,300,000$2,831/sqft |
Source: Key West AOR #616004 Report a problem | ||
| 10/20/2025 | Listing removed | $5,300,000$2,831/sqft |
Source: FLKMLS #613012 Report a problem | ||
| 9/29/2025 | Pending sale | $5,300,000$2,831/sqft |
Source: FLKMLS #616004 Report a problem | ||
| 8/1/2025 | Price change | $5,300,000-2.8%$2,831/sqft |
Source: FLKMLS #613012 Report a problem | ||
| 5/30/2025 | Price change | $5,450,000-3.5%$2,911/sqft |
Source: FLKMLS #610583 Report a problem | ||
| 5/27/2025 | Listed for sale | $5,650,000$3,018/sqft |
Source: Key West AOR #610583 Report a problem | ||
| 4/25/2025 | Contingent | $5,650,000$3,018/sqft |
Source: Key West AOR #610583 Report a problem | ||
| 4/2/2025 | Price change | $5,650,000-4.2%$3,018/sqft |
Source: Key West AOR #613012 Report a problem | ||
| 1/7/2025 | Price change | $5,895,000-1.7%$3,149/sqft |
Source: Key West AOR #610583 Report a problem | ||
| 9/20/2024 | Price change | $5,995,000-2.5%$3,202/sqft |
Source: Key West AOR #610583 Report a problem | ||
| 7/29/2024 | Listed for sale | $6,150,000$3,285/sqft |
Source: Key West AOR #610583 Report a problem | ||
| 7/19/2024 | Contingent | $6,150,000$3,285/sqft |
Source: Key West AOR #610583 Report a problem | ||
| 6/28/2024 | Listed for sale | $6,150,000+2828.6%$3,285/sqft |
Source: Key West AOR #610583 Report a problem | ||
| 5/16/1996 | Sold | $210,000-54.8%$112/sqft |
Source: Public Record Report a problem | ||
| 9/14/1995 | Sold | $465,000$248/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,810 +5.1% | $1,064,661 +2.9% |
| 2024 | $8,383 +3.4% | $1,034,656 +3% |
| 2023 | $8,106 +6.6% | $1,004,521 +3% |
| 2022 | $7,601 -2.2% | $975,264 +3% |
| 2021 | $7,772 +0.8% | $946,859 +1.4% |
| 2020 | $7,711 | $933,786 +2.3% |
| 2019 | $7,711 +2.2% | $912,792 +1.9% |
| 2018 | $7,545 +0% | $895,773 +2.1% |
| 2017 | $7,543 +2.3% | $877,349 +2.1% |
| 2016 | $7,372 -1.4% | $859,304 +0.7% |
| 2015 | $7,476 | $853,331 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$26,985/mo
Principal & interest
$23671
Property taxes
$3314
Climate risks
Neighborhood: 33037
Nearby schools
GreatSchools rating
- 8/10Key Largo SchoolGrades: PK-8Distance: 9.7 mi
- 4/10Coral Shores High SchoolGrades: 9-12Distance: 4.9 mi
Local experts in 33037
