For sale

Price cut: $200K (2/6)

$2,000,000

778 Canal St, Key Largo, FL 33037

3beds

1,830sqft

Est.:

Single Family Residence

Built in 1974

0.31 Acres Lot

$-- Zestimate^®

$1,093/sqft

$-- HOA

What's special

INVESTORS PARADISE!Situated on nearly 14,000 sq ft lot, this property offers premium access on a wide and deep canal, perfect for the ultimate boaters and savvy investors.Solidly built concrete construction and a concrete roof, the existing home features a 2-bedroom, 1-bathroom, and main living area upstairs, plus a Permitted 1-bedroom, 1-bath guest suite downstairs--ideal for guests or extended family.With ample space to expand, redesign, or completely reimagine, the oversized lot offers room for a luxury pool, extensive outdoor living areas, and additional square footage. This is a blank canvas and one of the most desirable Investment opportunities in the heart of Key Largo. Whether you're looking to renovate for personal enjoyment or unlock the property's full investment potential, this is your chance to capitalize on size, structure, and location --bring your vision and create your slice of paradise.

299 days

177

5

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Cooling

Central Air

Appliances

Included: Dishwasher, Freezer, Microwave, Oven, Refrigerator

Features

Flooring: Vinyl, Concrete

Interior area

Total interior livable area: 1,830 sqft

Property

Parking

Total spaces: 4
Parking features: Guest, Trailer Storage, Off Street

Features

Levels: Multi/Split
Has view: Yes
View description: Canal
Has water view: Yes
Water view: Canal
Waterfront features: Canal Front, Waterfront, Seawall: Concrete, Dock: Concrete, Dock Length: 50, Dockage: Davits

Lot

Size: 0.31 Acres
Dimensions: 60 x 160 x 50 x 122 x 110
Features: 1/4 - 1/2 Acre

Details

Additional structures: Shed(s)
Parcel number: 00548440000000
Zoning: SF
Zoning description: Single Family
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

CBS, Concrete
Roof: Concrete

Condition

Year built: 1974

Utilities & green energy

Sewer: Municipal Sewer, Public Sewer
Utilities for property: FKAA, Buyer to Verify

Community & HOA

Community

Subdivision: Twin Lakes (103.0)

HOA

Has HOA: No
Services included: None

Location

Region: Key Largo

Financial & listing details

Price per square foot: $1,093/sqft
Tax assessed value: $1,174,193
Annual tax amount: $6,456
Date on market: 6/2/2025
Listing terms: Cash,Conventional

Estimated market value

Not available

Estimated sales range

Not available

$4,016/mo

Price history

Date	Event	Price
2/6/2026	Price change	$2,000,000-9.1%$1,093/sqft
Source: FLKMLS #615287 Report a problem
7/18/2025	Price change	$2,200,000-12%$1,202/sqft
Source: FLKMLS #615287 Report a problem
6/2/2025	Listed for sale	$2,500,000+100%$1,366/sqft
Source: FLKMLS #615287 Report a problem
5/26/2008	Listing removed	$1,250,000$683/sqft
Source: Homes.com #541599 Report a problem
4/26/2008	Price change	$1,250,000+4.2%$683/sqft
Source: Homes.com #541599 Report a problem
9/1/2007	Price change	$1,200,000-17.2%$656/sqft
Source: Homes.com #541599 Report a problem
8/14/2007	Price change	$1,450,000-3.3%$792/sqft
Source: Homes.com #541599 Report a problem
7/15/2007	Listed for sale	$1,500,000$820/sqft
Source: Homes.com #541599 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,182 +7.1%	$635,269 +7.3%
2024	$5,773 +5.7%	$592,228 +7.2%
2023	$5,463 +15.3%	$552,470 +7.1%
2022	$4,736 +9.9%	$515,916 +7%
2021	$4,309 -0.5%	$482,287 +0.2%
2020	$4,329	$481,249 -1.1%
2019	$4,329 -1.2%	$486,812 +1.6%
2018	$4,383 +1.3%	$478,988 +0.5%
2017	$4,327 +3.8%	$476,771 +9%
2016	$4,169 +3.4%	$437,564 +12.2%
2015	$4,033	$390,043