For sale

$4,695,000

Est. $33,726/mo —

Land

•

0.87

acre (lot)

54 Sunset Rd, Key Largo, FL 33037

About this home

Waterfront opportunity in Key Largo! This rare offering includes two lots with approximately 200 feet of crystal-clear bay frontage, breathtaking sunset views, and calm, clean bay waters. A ROGO letter allows for two residences to be built on the property, The U. S. Army Corps of Engineers previously approved a 250-foot dock. Buyer is responsible for conducting due diligence to verify current requirements and obtain any necessary permits and approvals Architectural plans are included for building your dream waterfront home. Investors and builders may have the opportunity to divide the two lots and construct two separate bayfront residences, subject to applicable approvals. Water, sewer, and electric are already in place. Enjoy nearby public park with a convenient boat launch. A unique opportunity to create a private waterfront retreat or develop an investment in the Florida Keys.

Vacant landProperty Type

0.87 acresLot Size

$5,396,552Price/Acres

Listed by Shy Martin • Engel & Völkers Islamorada

•305-766-3074 (agent)

•shy.martin@engelvoelkers.com (agent)

•305-587-3663 (broker)

•stephany.duvall@engelvoelkers.com (broker)

Listing updated: Sep 28, 2026 at 10:08am

Redfin checked: a minute ago

•Source:MARMLS #A12095416

Payment calculator

$33,726 per month

Principal and interest$26,262

Property taxes

$2,025

HOA dues

Home insurance

$5,438

Utilities

Add

Affordability tools

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Open houses

No upcoming open houses.

Nearby open houses (10)

$725,000
3 beds2 baths1,879 sq ft
17 Lakeview Dr, Key Largo, FL 33037
(480) 462-5392
OPEN SAT, 10AM TO 12PM
$3,950,000
5 beds5 baths4,473 sq ft
301 Buttonwood Cir Unit B, Key Largo, FL 33037
OPEN SAT, 10AM TO 12PM
$3,750,000
5 beds5 baths4,306 sq ft
301 Buttonwood Cir Unit A, Key Largo, FL 33037
OPEN SAT, 11AM TO 3PM
$465,000
3 beds2 baths1,620 sq ft
222 Cuba Rd, Key Largo, FL 33070
OPEN SAT, 12PM TO 2PM
$659,000
2 beds2 baths— sq ft
1030 Snapper Ln, Key Largo, FL 33037
(954) 545-5583
OPEN SAT, 12PM TO 3PM
$89,000
2 beds1 bath900 sq ft
36 E 2nd St Unit p4, Key Largo, FL 33037
OPEN SAT, 12PM TO 3PM
$29,000
2 beds1 bath700 sq ft
36 E 2nd Unit 3P, Key Largo, FL 33037
OPEN SAT, 5PM TO 7PM
$880,000
4 beds2 baths1,804 sq ft
187 & 189 Casa Court Dr, Key Largo, FL 33070
OPEN SUN, 11AM TO 1PM
$5,950,000
4 beds4 baths3,358 sq ft
195 Ojibway Ave, Tavernier, FL 33070
(305) 451-4078
OPEN SUN, 12PM TO 2PM3D WALKTHROUGH
$875,000
2 beds2 baths1,152 sq ft
150 Sabal Ave, Tavernier, FL 33070

Around this home

Schools

K - 12
Preschool & daycare

Key Largo School

Public PreK-8 • Assigned • 9.7mi

8/10

Coral Shores High School

Public 9-12 • Assigned • 4.9mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Property details

Exterior
Finance

Exterior features
Bay front waterfront
Approximately 200 feet of frontage
Less than one acre lot

Home design
Faces west
Raw land

Construction
Zoning listed (raw land)

Utilities
Electricity available
Public water available
Public sewer available

Sale and tax history for 54 Sunset Rd

Sale History
Tax History

Date

Event

Price

FLKMLS #621254

Sep 10, 2026

Listed

$4,695,000

+20

Waterfront opportunity in Key Largo! This rare offering includes two lots with approximately 200 feet of crystal-clear bay frontage, breathtaking sunset views, and calm, clean bay waters. A ROGO letter allows for two residences to be built on the property, The U. S. Army Corps of Engineers previously approved a 250-foot dock. Buyer is responsible for conducting due diligence to verify current requirements and obtain any necessary permits and approvals Architectural plans are included for building your dream waterfront home. Investors and builders may have the opportunity to divide the two lots and construct two separate bayfront residences, subject to applicable approvals. Water, sewer, and electric are already in place. Nearby public park with a convenient boat launch. A unique opportunity to create a private waterfront retreat or develop an investment in the Florida Keys.

MARMLS #A12095416

Sep 10, 2026

Listed

$4,695,000

FLKMLS #620256

Aug 31, 2026

Listing Removed

—

Jun 12, 2026

Listed

$6,700,000

FLKMLS #584766

May 15, 2019

Sold

$2,200,000

Mar 14, 2019

Listed

$2,400,000

FLKMLS #575232

Jun 27, 2017

Sold

$1,900,000

Apr 20, 2017

Listed

$1,995,000

MARMLS #A10262571

Jun 27, 2017

Sold

$1,900,000

Apr 20, 2017

Listed

$1,995,000

MARMLS #A10260048

Jun 27, 2017

Sold

$1,900,000

Apr 20, 2017

Listed

$1,995,000

FLKMLS #575239

May 2, 2017

Listing Removed

—

Apr 20, 2017

Listed

$1,995,000

FLKMLS #568051

Sep 28, 2015

Sold

$1,400,000

Jul 24, 2015

Listed

$1,750,000

Year

Property tax

Land + Additions

Assessment*

2025

$24,303 (+8.3%)

2024

$22,442 (+7.0%)

2023

$20,976 (+18.7%)

2022

$17,667 (+18.0%)

2021

$14,967 (−0.6%)

$1,791,113 + $2,655

$1,793,768

2020

$15,062 (+33.2%)

$1,791,113 + $2,832

$1,793,945

2019

$11,309 (+27.5%)

$1,791,113 + $2,832

$1,793,945

2018

$8,873 (−15.8%)

$1,011,864 + $3,186

$1,015,050

2017

$10,541 (−18.2%)

$1,145,004 + $72,262

$1,217,266

2016

$12,882 (+80.4%)

$1,197,347 + $202,112

$1,399,459

2015

$7,142 (−1.7%)

$1,197,347 + $202,112

$1,399,459

2014

$7,263

Public record

Beds

—

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

0.87 Acres

Year renovated

2006

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

1,925

Year built

2006

Style

Other

County

Monroe County

APN

1362 38 00490900000000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 9, 2026.

Climate risks

1/10 Flood Factor

Minimal risk 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

Heat Factor

We're working on getting current and accurate heat risk information for this home.

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

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Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Redfin Estimate for 54 Sunset Rd

We cannot show automated home-value estimates for this home.

Nearby homes have recently sold between $975,000 and $2,750,000.

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $975K to $2.8M.

SOLD MAR 27, 2026
$2,750,000 Last sold price
3 beds2 baths1,540 sq ft
17 Poisonwood Rd, Key Largo, FL 33037
smaller lot
SOLD JUN 18, 2026
$1,143,000 Last sold price
3 beds3 baths1,737 sq ft
94825 Overseas Hwy #204, Key Largo, FL 33037
smaller lot
SOLD JUN 11, 2026
$2,200,000 Last sold price
3 beds3 baths2,414 sq ft
201 Cromwell Ct, Tavernier, FL 33070
smaller lot
SOLD JUL 20, 2026
$2,577,320 Last sold price
3 beds2 baths1,711 sq ft
41 Mutiny Pl, Key Largo, FL 33037
smaller lot
SOLD MAY 6, 2026
$1,262,500 Last sold price
4 beds2 baths1,665 sq ft
712 Grouper Ln, Key Largo, FL 33037
smaller lot
SOLD MAY 29, 2026
$975,000 Last sold price
3 beds3 baths2,128 sq ft
110 Dove Creek Dr, Tavernier, FL 33070
smaller lot

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