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For sale
  • Price cut: $10.9K (4/1)
    $499,000

    40 Pirates Dr, Key Largo, FL 33037

    1beds
    561sqft
    : 
    Single Family Residence
    Built in 1958
    2,613.6 Square Feet Lot
    $483,900 Zestimate®
    $889/sqft
    $21/mo HOA

    What's special

    Outdoor hot tubNew roofLush tropical landscapingCorner lot
    Your Private Slice of Key Largo Paradise Awaits! Escape to a quiet coastal retreat designed for relaxation and adventure. This beautifully updated concrete 1-bedroom, 1-bath home is situated on a corner lot in the heart of Key Largo is just steps from the water and beckons you to embrace the island lifestyle. This is like living on the water without paying the premium price.Bonus: 2 kayaks and bicycles are included. Imagine waking up and using your own two kayaks to explore the Bay or easily launching your boat from the neighborhood ramp right across the street. Boating enthusiasts will love the easy access to the ocean via Adams Cut or Tavernier Creek. Evenings are for unwinding in the outdoor hot tub or hosting memorable gatherings on the paved patio under garden lighting, surrounded by lush tropical landscaping. The current owner has taken care of the big-ticket items, so you do not have to worry including a new roof, new A/C split systems throughout, fresh paint inside and out and impact windows/doors, making this charming gem completely move-in ready. There is room for a couple of cars and a 24' boat on trailer on the property. The community clubhouse and swimming beach offer even more opportunities for sun-soaked fun. The location is unbeatable--just minutes from Key Largo's dining, shopping, and outdoor attractions, with an easy commute to Miami. Whether you are seeking a refined vacation retreat or a full-time island residence, this home delivers a perfect balance of tropical comfort and coastal style. This is an amazing opportunity to embrace the best of the Florida Keys: boating, snorkeling, world-class fishing, scuba diving, or simply soaking up the sun.Do not let this slice of paradise slip away--schedule your private tour today!
    126 days
    |
    1,355
    |
    31
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 31, 2026 at 02:01pm

    Listed by:

    Susan Kay Holler, PA 305-393-1695,

    Lokation Real Estate - Tavernier North,

    Kelly Wilson 305-394-6742,

    Lokation Real Estate - Tavernier North

    Source: FLKMLS,MLS#: 617504MLS LogoOriginating MLS: Florida Keys

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Central
      Cooling
      • Central Air, Ductless
      Appliances
      • Included: Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dryer
      • Laundry: Laundry Room
      Features
      • Built-in Cabinets, Quartz Countertops
      • Flooring: Tile, Concrete
      • Doors: Impact Rstnce Doors
      • Windows: Impact Rstnce Window
      Interior area
      • Total interior livable area: 561 sqft

      Property

      Parking
      • Total spaces: 3
      • Parking features: Trailer Storage
      Features
      • Levels: Ground Level
      • Patio & porch: Patio
      • Exterior features: Outdoor Shower, Lighting
      • Has spa: Yes
      • Spa features: Private
      • Fencing: Fenced
      • Has view: Yes
      • View description: Canal
      • Has water view: Yes
      • Water view: Canal
      • Waterfront features: None, Dockage: None
      Lot
      • Size: 2,613.6 Square Feet
      • Features: Less Than 1/4 Acre
      Details
      • Parcel number: 00493460000000
      • Zoning: ISM
      • Zoning description: Improved Sub Masonry

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • CBS
      • Roof: Other
      Condition
      • Year built: 1958

      Utilities & green energy

      • Sewer: Municipal Sewer, Public Sewer
      • Utilities for property: FKAA

      Community & HOA

      Community
      • Features: Community Boat Ramp, Beach, Clubhouse
      • Subdivision: Pirates Cove (Key Largo) (98.5)
      HOA
      • Has HOA: Yes
      • Services included: Maintenance Grounds
      • HOA fee: $250 yearly
      Location
      • Region: Key Largo

      Financial & listing details

      • Price per square foot: $889/sqft
      • Tax assessed value: $418,109
      • Annual tax amount: $3,811
      • Date on market: 11/29/2025
      • Listing terms: Cash,FHA,VA Loan,Conventional
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        Estimated market value

        $483,900

        $460,000 - $508,000

        $2,308/mo

        Price history

        Price history
        DateEventPrice
        4/1/2026Price change$499,000-2.1%$889/sqft
        Source: FLKMLS #617504 Report a problem
        1/16/2026Price change$509,900-1.9%$909/sqft
        Source: FLKMLS #617504 Report a problem
        11/29/2025Listed for sale$519,900$927/sqft
        Source: Key West AOR #617504 Report a problem
        11/22/2025Listing removed$519,900$927/sqft
        Source: Key West AOR #615130 Report a problem
        11/18/2025Price change$519,900-0.5%$927/sqft
        Source: FLKMLS #615130 Report a problem
        10/8/2025Price change$522,500-0.5%$931/sqft
        Source: FLKMLS #615130 Report a problem
        7/8/2025Price change$525,000-7.1%$936/sqft
        Source: FLKMLS #615130 Report a problem
        6/24/2025Price change$565,000-2.6%$1,007/sqft
        Source: FLKMLS #615130 Report a problem
        5/22/2025Listed for sale$580,000+9.4%$1,034/sqft
        Source: FLKMLS #615130 Report a problem
        8/8/2024Listing removed--
        Source: Zillow Rentals Report a problem
        6/26/2024Price change$3,000-14.3%$5/sqft
        Source: Zillow Rentals Report a problem
        6/12/2024Price change$3,500-4.1%$6/sqft
        Source: Zillow Rentals Report a problem
        5/28/2024Listed for rent$3,650$7/sqft
        Source: Zillow Rentals Report a problem
        4/30/2024Listing removed--
        Source: Zillow Rentals Report a problem
        4/17/2024Price change$3,650-3.9%$7/sqft
        Source: Zillow Rentals Report a problem
        3/19/2024Listed for rent$3,800-11.6%$7/sqft
        Source: Zillow Rentals Report a problem
        3/8/2024Listing removed--
        Source: MIAMI #A11538540 Report a problem
        2/23/2024Listed for rent$4,300$8/sqft
        Source: MIAMI #A11538540 Report a problem
        1/22/2024Listing removed--
        Source: MIAMI #A11513088 Report a problem
        1/12/2024Listed for rent$4,300$8/sqft
        Source: MIAMI #A11513088 Report a problem
        12/28/2023Sold$530,000-10.8%$945/sqft
        Source: MIAMI #A11437223 Report a problem
        12/23/2023Pending sale$594,000$1,059/sqft
        Source: FLKMLS #606389 Report a problem
        10/23/2023Contingent$594,000$1,059/sqft
        Source: Key West AOR #606389 Report a problem
        8/21/2023Listed for sale$594,000+112.1%$1,059/sqft
        Source: FLKMLS #606389 Report a problem
        6/5/2023Listing removed--
        Source: MIAMI #A11312536 Report a problem
        2/22/2018Sold$280,000+40%$499/sqft
        Source: Public Record Report a problem
        1/15/2016Sold$200,000$357/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$4,210 +10.4%$413,494 +10%
        2024$3,812 +36.3%$375,904 +64.4%
        2023$2,797 +10.6%$228,716 +10%
        2022$2,529 +8.5%$207,924 +10%
        2021$2,332 +8.8%$189,022 +10%
        2020$2,143 $171,838 -0.7%
        2019$2,143 -0.7%$173,022 +15.6%
        2018$2,158 +20.5%$149,664 +49.9%
        2017$1,791 +14.1%$99,858 +5.9%
        2016$1,570 +0.6%$94,286 +4.7%
        2015$1,560 $90,075

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $2,789/mo
        Principal & interest
        $2427
        Property taxes
        $341
        HOA Fees
        $21
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          Climate risks

          Neighborhood: 33037

          Getting around

          30 / 100
          Car-Dependent
          54 / 100
          Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 33037

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