For sale

$2,500,000

Est. $17,681/mo —

•

1,100

sq ft

128 La Paloma Rd, Key Largo, FL 33037

About this home

Welcome to your luxurious waterfront tropical paradise in the heart of Key Largo. This stunning fully renovated waterfront estate offers the perfect blend of modern luxury, coastal elegance, and resort-style living. 5 spacious bedrooms | 3 beautifully designed bathrooms. Oceanfront with private dock/boat lift and open ocean views— ideal for yachts, fishing boat, and waterfront living. Resort-style pool and expansive outdoor entertaining areas. Fully renovated with luxurious modern coastal finishes. Soaring vaulted wood-beam ceilings and bright open-concept design. Designer chef’s kitchen with oversized island, quartz countertop, and profesional grade luxurious appliances. Spacious indoor and outdoor living areas perfect for entertaining Vacation-rental friendly with exceptional income potential Move-in ready in one of Key Largo’s most desirable luxury locations Enjoy the ultimate Florida Keys lifestyle with private boating access right from your backyard or go kayaking thru John Pennekamp state park’s expansive pristine mangrove tunnels and enjoy the florida keys spectacular eco-system and wildlife from the privacy of your own home. Spend your days on the water, relaxing poolside, or entertaining while enjoying breathtaking sunrises and tropical views. Whether you are searching for a luxury primary residence, vacation getaway, or investment property, this exceptional Key Largo waterfront home delivers the perfect combination of elegance, comfort, and island living.

Single-familyProperty Type

1982Year Built

8,800 sq ftLot Size

$2,273Price/Sq.Ft.

Listed by Natalia Hernandez • Doral Realty Corp

•786-493-2999 (agent)

•natalia@tu-broker.com (agent)

•786-868-0789 (broker)

•natalia@tu-broker.com (broker)

Listing updated: May 30, 2026 at 01:58pm

Redfin checked: a minute ago

•Source:MARMLS #A12023515

Payment calculator

$17,681 per month

Principal and interest$13,139

Property taxes

$876

HOA dues

Home insurance

$3,667

Utilities

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Affordability tools

Open houses

No upcoming open houses.

Nearby open houses (10)

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5 beds4 baths— sq ft
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4 beds4 baths2,700 sq ft
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Around this home

Schools

K - 12
Preschool & daycare

Key Largo School

Public PreK-8 • Assigned • 3.0mi

8/10

Coral Shores High School

Public 9-12 • Assigned • 11.6mi

5/10

Provided by GreatSchools

About Winston

Waterways

Winston Waterways, located between Card Sound Road and the Overseas Highway, is a canal-front and low-rise Key Largo neighborhood with private docks and mangrove-lined edges. The neighborhood’s character concentrates around the stretch of Overseas Highway near Caribbean Drive, where marinas, bait-and-tackle counters, and open-air seafood patios set a salt-air rhythm. Homes lean coastal-contemporary and Keys cottage styles, with screened porches and boat-ready driveways shaping the streetscape. Water views and short canal runs frame daily routines around paddling, fishing, and sunset cruising. Community touchstones include the Florida Keys Wild Bird Rehabilitation Center, the breezy waterfront tables at The Fish House, and the storied Caribbean Club.

Provided by Walk Score and Local Logic

Market insights

128 La Paloma Rd · $2,500,000

DAYS ON MARKET

The average home goes pending in 133 days.

SALE-TO-LIST

Most homes are selling 6% below list price.

LIST PRICE

Median list price in this area is $1,342,657. (46% lower than this home)

PRICE DROP

16% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Dining

Interior features
Bedroom on main level
High ceilings
Converted garage
Family room
Storage room

Bathrooms
2 full bathrooms

Kitchen
Electric range
Microwave
Refrigerator

Laundry & utility
Washer
Dryer
Electric water heater

Heating & cooling
Electric heating
Central air conditioning
Ceiling fans

Sale and tax history for 128 La Paloma Rd

Sale History
Tax History

Date

Event

Price

MARMLS #A12023515

May 22, 2026

Listed

$2,500,000

$2,273/sq ft

FLKMLS #602848

Dec 23, 2022

Sold

$1,295,000

$1,177/sq ft

Oct 22, 2022

Listed

$1,290,000

$1,173/sq ft

+41

Beaches MLS #R10839836

Dec 23, 2022

Sold

$1,295,000

$1,177/sq ft

Oct 31, 2022

Contingent

—

Oct 19, 2022

Listed

$1,290,000

$1,173/sq ft

+42

Public Records

Aug 10, 2005

Sold

$1,150,000

$1,045/sq ft

FLKMLS #529901

Aug 11, 2005

Listed

$1,200,000

$1,091/sq ft

Aug 8, 2005

Sold

$1,150,000

$1,045/sq ft

FLKMLS #524464

Apr 13, 2005

Listing Removed

—

Nov 5, 2004

Listed

$1,200,000

$1,091/sq ft

Public Records

Aug 22, 1995

Sold

$40,000

$36/sq ft

Public Records

Aug 26, 1992

Sold

$175,000

$159/sq ft

Public Records

Oct 1, 1984

Sold

$107,500

$98/sq ft

Public Records

Jul 1, 1982

Sold

$30,000

$27/sq ft

Public Records

Sep 1, 1980

Sold

$27,000

$25/sq ft

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

8,800 Sq. Ft.

Year renovated

2010

Finished Sq. Ft.

1,100

Unfinished Sq. Ft.

—

Total Sq. Ft.

1,100

Year built

1982

Style

Single Family Residential

County

Monroe County

APN

2261 39 00547180000000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 10, 2026.

III

Improved Subdivision District

The purpose of the IS district is to accommodate the legally vested residential development rights of the owners of lots in subdivisions that were lawfully established and improved prior to the adoption of this LDC. For the purpose of this section, improved lots are those that are served by a dedicated and accepted existing road of porous or nonporous material, that have an approved potable water supply, and that have sufficient uplands to accommodate the proposed use in accordance with the required setbacks. This district is not intended to be used for new land use districts of this classification within the county.

Zone overlays

Tier III Overlay District

Permitted uses

Include but are not limited to:

Housing-Multiple units
Infrastructure

Climate risks

10/10 Flood Factor

Estimated 80%+ chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

10/10 Heat Factor

7 days above 107° expected this year, 31 days in 30 years

10/10 Wind Factor

99% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Key Largo, FL • 33037

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

94/ 100

Exceptional sunlight

Sunscore

This home receives average direct sun exposure in Key Largo. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

8.7 hrs

6.5 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 128 La Paloma Rd

$2,339,163

$161K under list price of $2.50M

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $333K to $1.5M.

SOLD DEC 5, 2025
$1,525,000 Last sold price
3 beds2 baths960 sq ft
794 Narragansett Ln, Key Largo, FL 33037
$684/sq ft
smaller lot
5 years older
SOLD APR 7, 2026
$850,000 Last sold price
3 beds2 baths1,122 sq ft
360 Sound Dr, Key Largo, FL 33037
$1515/sq ft
larger lot
6 years older
SOLD JUN 2, 2026
$559,000 Last sold price
2 beds1 bath864 sq ft
218 Lignumvitae Dr, Key Largo, FL 33037
$1626/sq ft
smaller lot
1 year older
SOLD JUN 8, 2026
$670,000 Last sold price
2 beds1 bath884 sq ft
527 Sound Dr, Key Largo, FL 33037
$1515/sq ft
smaller lot
6 years older
SOLD AUG 14, 2026
$333,000 Last sold price
1 bed1 bath550 sq ft
53 Hibiscus Ln, Key Largo, FL 33037
$1668/sq ft
smaller lot
24 years older
SOLD JUL 1, 2026
$1,200,000 Last sold price
3 beds2 baths1,125 sq ft
104 8th Ln, Key Largo, FL 33037
$1206/sq ft
smaller lot
14 years newer

Rental earnings

Est. $5,290 per month, based on comparable rentals

Contact listing agent

Natalia Hernandez

Doral Realty Corp

786-493-2999

natalia@tu-broker.com

At this time, Redfin doesn't have an agent available to help you with this home.