OFF MARKET

Off market aug 2017 for $619K

$904,179

Est. refi paymentEst. refi $4,752/mo

•

2,245

sq ft

565 Ocean Way, Key Largo, FL 33037

About this home

Key Largo Beach, Ocean side Canal front home for sale! This concrete home has 3 bedrooms and 2 baths. This home sits in a large corner lot. This home was updated a few years back, it needs to TLC, but a great investment. Offers a concrete dock, approximately 30' with direct ocean access. Downstairs is now conforming and offers a large garage and a large storage. This home is right by downtown Key Largo, where you could find many Restaurants, boat storage, stores, etc.

Multi-familyProperty Type

1979Year Built

7,025 sq ftLot Size

$403Est. Price/Sq.Ft.

1 garage spacesParking

Listed by Robert Valenzuela, PA • Century 21 Circle

Bought with Robert Valenzuela, PA • Century 21 Circle

Redfin checked: a minute ago

•Source:FLKMLS #576441

Redfin Estimate

$904,179

$284K since sold in August 2017$8,000 since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 21.2% lower than the average sale price ($1.15M) of 6 comparable homes.

SOLD SEP 28, 2026
$1,500,000
A
3 beds2 baths1,260 sq ft
147 Ocean Shores Dr, Key Largo, FL 33037
SOLD AUG 17, 2026
$795,000
B
3 beds2 baths1,471 sq ft
124 Ocean Shores Dr, Key Largo, FL 33037
SOLD SEP 29, 2026
$675,000
C
3 beds2 baths1,206 sq ft
123 Ocean Bay Dr, Key Largo, FL 33037
SOLD SEP 21, 2026
$710,000
D
3 beds2 baths1,785 sq ft
6 Fishermans Trl, Key Largo, FL 33037
SOLD OCT 6, 2026
$625,000
E
3 beds2 baths1,252 sq ft
573 Boyd Dr, Key Largo, FL 33037
SOLD JUL 20, 2026
$2,577,320
F
3 beds2 baths1,711 sq ft
41 Mutiny Pl, Key Largo, FL 33037

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Earn from this home

Refinance

Est. cash available

Get cash now or lower your monthly rate

Market trends in 33037, FL

Last updated October 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-list price

93.8%

0.9% MoM

Median sale price

$990K

$60K MoM

Avg. days on market

162d

23 days MoM

Recently sold homes

11 MoM

New listings for sale

NEW 5 HRS AGO
$835,000
5 beds3 baths2,591 sq ft
354 Vaca Rd, Key Largo, FL 33037
NEW 16 HRS AGO
$1,699,999
3 beds3.5 baths2,048 sq ft
50 Mutiny Pl, Key Largo, FL 33037
FOR SALE BY OWNER
$65,000
1 bed1 bath— sq ft
101600 Overseas Hwy, Key Largo, FL 33037
NEW 28 HRS AGO
$560,000
3 beds2 baths1,517 sq ft
229 2nd Rd, Key Largo, FL 33037
NEW 1 DAY AGO
$750,000
3 beds2 baths864 sq ft
8 Grassy Rd, Key Largo, FL 33037
(305) 809-8085
NEW 1 DAY AGO
$345,000
2 beds1 bath406 sq ft
325 Calusa St #86, Key Largo, FL 33037
3D WALKTHROUGH
$725,000
3 beds3 baths— sq ft
313 2nd Ter, Key Largo, FL 33037
(305) 731-0060
$780,000
3 beds2 baths1,542 sq ft
38 Transylvania Ave, Key Largo, FL 33037
$1,190,000
5 beds3 baths1,305 sq ft
646 Cabrera St, Key Largo, FL 33037
(305) 712-8888
$525,000
2 beds2 baths1,152 sq ft
500 N Emerald Dr, Key Largo, FL 33037
See all

Provided by Redfin

Sale history for 565 Ocean Way

Date

Event

Price

FLKMLS #569087

May 15, 2020

Listing Removed

—

Nov 27, 2015

Listed

$624,900

$278/sq ft

FLKMLS #539242

May 15, 2020

Listing Removed

—

Dec 9, 2006

Listed

$1,279,000

$570/sq ft

FLKMLS #576441

Aug 14, 2017

Sold

$619,900

$276/sq ft

Jul 28, 2017

Listed

$619,900

$276/sq ft

MARMLS #A2118800

Jul 20, 2015

Listing Removed

—

Feb 1, 2015

Listed

$700,000

$312/sq ft

MARMLS #A1760105

Jan 31, 2014

Listing Removed

—

Feb 1, 2013

Listed

$750,000

$334/sq ft

Public Records

Jan 31, 2008

Sold

$1,148,000

$511/sq ft

Public Records

Feb 21, 2002

Sold

$324,500

$145/sq ft

Public Records

Sep 14, 1999

Sold

$260,000

$116/sq ft

Public Records

Dec 1, 1986

Sold

$195,000

$87/sq ft

Public Records

Sep 1, 1982

Sold

$175,000

$78/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$8,000 (+5.0%)

2024

$7,616 (+5.2%)

2023

$7,240 (+21.3%)

2022

$5,971 (+9.8%)

2021

$5,441 (+1.7%)

$266,932 + $261,991

$528,923

2020

$5,349 (+1.0%)

$249,017 + $265,418

$514,435

2019

$5,294 (−2.3%)

$249,017 + $265,418

$514,435

2018

$5,416 (−16.1%)

$238,268 + $274,367

$512,635

2017

$6,456 (+4.2%)

$238,268 + $401,119

$639,387

2016

$6,194 (−5.4%)

$239,424 + $345,877

$585,301

2015

$6,551 (+5.5%)

$239,424 + $345,877

$585,301

2014

$6,207

Tax history for 565 Ocean Way

Year

Property tax

Land + Additions

Assessment*

2025

$8,000 (+5.0%)

2024

$7,616 (+5.2%)

2023

$7,240 (+21.3%)

2022

$5,971 (+9.8%)

2021

$5,441 (+1.7%)

$266,932 + $261,991

$528,923

2020

$5,349 (+1.0%)

$249,017 + $265,418

$514,435

2019

$5,294 (−2.3%)

$249,017 + $265,418

$514,435

2018

$5,416 (−16.1%)

$238,268 + $274,367

$512,635

2017

$6,456 (+4.2%)

$238,268 + $401,119

$639,387

2016

$6,194 (−5.4%)

$239,424 + $345,877

$585,301

2015

$6,551 (+5.5%)

$239,424 + $345,877

$585,301

2014

$6,207

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

7,025

Year renovated

2005

Sq. Ft.

2,245

Year built

1979

Style

Multi-Family (2-4 Unit)

County

Monroe County

APN

3361 39 00503690000000

Parking Spaces

Basement

Accessible

HOA Dues

—

Garage

Yes

Features

Views, Waterfront

Last updated by owner on Feb 6, 2022.

Property details

Parking

Parking / Garage Information
Vehicle Storage: Garage, Trailer Storage, Off Street Parking, Carport
Vehicle Storage: Car(s): 4+

Interior

Interior Features
Interior Features: Granite Counter Top
Flooring: Tile Floor, Carpet
Cooling/Heating: Central A/C
Appliances: Dishwasher, Microwave, Range
Furnished: Unfurnished

Bathroom Information
# of Full Baths: 2

Exterior

Boat Slip/Dock Information
Dockage: Dock Length: 30
Dockage: Seawall: Cut/Natural
Dockage: Dock: Concrete

Exterior Features
Porch/Balcony: Open Porch/Balcony, Screened P/B
Shutters: Accordion

Property Features
On Waterfront
Waterfront Type: Canal Front
Waterview: Canal View

Property Information
Deed Restrictions: Unknown
Pets: Pets Allowed
Rentals Allowed: Yes
Min Rental Days: 28

Lot Information
Acres: 0.16
Zoning: SF - Single Family
Land Size: Less Than 1/4 Acre
Control Depth: 4
Flood Zone: AE, VE

Building Information
Year Built: 1,979
Sq. Ft. Source: Property Data Card
Building Style: Stories: 2
Building Style: Above Flood: No
Construction: CBS

Subdivision/Neighborhood
Subdivision: Key Largo Beach Addition (100.0)

Financial

Tax Information
Taxes: $6,194.45
Tax Year: 2,016
Tax Exemptions: None

Financial Information
Terms: Buyer Obtain Finance

Utilities

Utility Information
Utilities: FKAA, Elect Separate Meter, Water Separate Meter, Municipal Sewer
Has Public Sewer Hook-up

Location

Homeowners Association Information
Association Info: 1st Right of Refusal: No
Fee Includes: None

Location Information
Side: Ocean
Mile Marker: 100.00
Directions: MM 100 Ocean side, Take Ocean Bay Drive until you pass the Key Largo Fisheries and turn on Ocean Way. Head Towards the ocean you will see home on the left side.

Neighborhood Features
Community Pool

Public facts

Beds: 5
Baths: 3.0
Sq. Ft.: 2,245
Stories: 2.0
Parking Spaces: 6
Basement: No
Accessible: No
Lot Size: 7,025 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1979
Year Renovated: 2005
County: Monroe County
APN: 3361 39 00503690000000
HOA Dues: —
Garage: Yes
Features: Views, Waterfront

Home facts updated by owner on Feb 6, 2022

Around this home

Schools

Key Largo School

Public PreK-8 • Assigned • 5.6mi

7/10

Coral Shores High School

Public 9-12 • Assigned • 9.0mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

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 108° 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

In this area, properties receive around 9.4 hours in June and 7 hours in December, placing it above the U.S. average for solar exposure.

9.4 hrs

7 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

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New listings for sale in 33037

NEW 5 HRS AGO

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354 Vaca Rd, Key Largo, FL 33037

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NEW 16 HRS AGO

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FOR SALE BY OWNER

$65,000

1 bed1 bath— sq ft

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NEW 28 HRS AGO

$560,000

3 beds2 baths1,517 sq ft

229 2nd Rd, Key Largo, FL 33037

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NEW 1 DAY AGO

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NEW 1 DAY AGO

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3D WALKTHROUGH

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3 beds3 baths— sq ft

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3 beds2 baths1,542 sq ft

38 Transylvania Ave, Key Largo, FL 33037

Oversized island • Boat ramp • 5,129 sq ft lot

$1,190,000

5 beds3 baths1,305 sq ft

646 Cabrera St, Key Largo, FL 33037

Metal roof • Corner lot • 5,000 sq ft lot

(305) 712-8888

Home values near 565 Ocean Way

Data from public records.

Address	Redfin Estimate
555 Ocean Way Apartment A, Key Largo, FL 2 Beds \| 2 Baths \| 1387 Sq. Ft.	$576,000
216 Wildwood Cir, Key Largo, FL 5 Beds \| 3 Baths \| 2157 Sq. Ft.	$1,618,712

Address	Redfin Estimate
555 Ocean Way Apartment B, Key Largo, FL 2 Beds \| 1 Baths \| 1387 Sq. Ft.	$678,194
313 Buttonwood Cir, Key Largo, FL 4 Beds \| 4 Baths \| 3160 Sq. Ft.	$2,069,487

Address	Redfin Estimate
555 Ocean Way, Key Largo, FL - Beds \| - Baths \| - Sq. Ft.	$1,752,683
20 Ocean Front Dr, Key Largo, FL 4 Beds \| 3 Baths \| 3306 Sq. Ft.	$4,079,615

Property information provided by FLKMLS when last listed in 2017. This data may not show owner updates. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 33037, FL

Sale history for 565 Ocean Way

Tax history for 565 Ocean Way

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 33037

Home values near 565 Ocean Way

More real estate resources