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$5,295,000
Key Largo, FL 33037
MLS# 621722
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Property Description
A truly rare opportunity in the Florida Keys! Welcome to 554 Ocean Cay, an exceptional oceanfront building lot located within an exclusive gated community in Port Largo, Key Largo. What makes this property so extraordinary is its unique combination of direct Atlantic Ocean frontage in the backyard and 100 feet of deep-water dockage in the front, offering direct ocean access and the ability to accommodate yachts up to 100 feet. BEST OF ALL, THIS LOT WAS PREVIOUSLY IMPROVED WITH A HOME, OFFERING A SIGNIFICANT ADVANTAGE FOR BUYERS LOOKING TO BUILD WITHOUT THE TYPICAL WAIT ASSOCIATED WITH VACANT LAND IN THE FLORIDA KEYS! Very few properties in the entire Florida Keys offer this remarkable combination of oceanfront living, deep-water yacht dockage, and an existing residential building history. Imagine designing your custom waterfront estate overlooking the open Atlantic Ocean while keeping your yacht just steps from your front door. Enjoy breathtaking ocean views, exceptional boating access, and the privacy of an exclusive gated community. For the discerning buyer seeking a truly unique location to create a magnificent Florida Keys estate, opportunities like this are increasingly difficult to find. Two waterfront experiences, one extraordinary property. This is Florida Keys living at its finest!
Details
Maps
Contract Information
Listing Board: Florida Keys
ROGO Exempt: Yes
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No
Current Price: $5,295,000
Listing Date: 2026-10-21
List Price: $5,295,000
Location, Tax & Legal
City: KEY LARGO
Off Shore Island: No
Tier: Tier 3
Mile Marker: 100
Marathon Neighborhood: N/A
Senior Community YN: No
Side: Ocean
Flood Zone: AE,VE
Alternate Key #: 1556793
Parcel #: 00453475-017000
Zoning: IS - Improved Subivision District
Deed Restrictions: No
Legal: LT 554 AND OUT LOT 554 PORT LARGO FIFTH ADDITION KEY LARGO PB6-109 AND PT PVT RD OR796-2450 OR918-29 OR1003-1510 OR1029-
Taxes: 30012.49
Tax Year: 2025
Street #: 554
Street Name: Ocean Cay
Street Suffix: Drive
Key/Island: Key Largo
State/Province: FL
Zip Code: 33037
County: Monroe
Subdivision: Port Largo (100.0)
Area: 27 - Key Largo MM 97-107
General Property Description
Realtor.COM Type: Vacant Land
Waterfront: Yes
Control Depth: 6
Lot SqFt: 12120
Lot Dimensions: 100 x 217+
Lot Sqft Source: Tax Records
Total Lots: 0
Survey Available: Yes
Remarks & Misc
Remarks – Consumer: A truly rare opportunity in the Florida Keys! Welcome to 554 Ocean Cay, an exceptional oceanfront building lot located within an exclusive gated community in Port Largo, Key Largo. What makes this property so extraordinary is its unique combination of direct Atlantic Ocean frontage in the backyard and 100 feet of deep-water dockage in the front, offering direct ocean access and the ability to accommodate yachts up to 100 feet. BEST OF ALL, THIS LOT WAS PREVIOUSLY IMPROVED WITH A HOME, OFFERING A SIGNIFICANT ADVANTAGE FOR BUYERS LOOKING TO BUILD WITHOUT THE TYPICAL WAIT ASSOCIATED WITH VACANT LAND IN THE FLORIDA KEYS! Very few properties in the entire Florida Keys offer this remarkable combination of oceanfront living, deep-water yacht dockage, and an existing residential building history. Imagine designing your custom waterfront estate overlooking the open Atlantic Ocean while keeping your yacht just steps from your front door. Enjoy breathtaking ocean views, exceptional boating access, and the privacy of an exclusive gated community. For the discerning buyer seeking a truly unique location to create a magnificent Florida Keys estate, opportunities like this are increasingly difficult to find. Two waterfront experiences, one extraordinary property. This is Florida Keys living at its finest!
Assoc/Misc Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Association Fee $: 1500
Assoc/Mnt Fee Per: Yearly
Miscellaneous Info
Mobile Home Lot: No
Dockage
Dock Length: 100
Dock: Concrete
Other Dockage: 1
Tax Exemptions
None: 1
Waterfront
Canal Front: 1
Oceanfront: 1
Open Water: 1
Waterview
Ocean View: 1
Open Water View: 1
Neighborhood Feature
Community Boat Ramp: 1
Community Dockage: 1
Other Area Features: 1
Location/Site
Cleared Site: 1
Water Frontage: 1
Existing Utilities
Electric on Site: 1
Sewer: 1
Water Line: 1
Water Meter: 1
BuildingPermit
Active Permit: 1
Other Permit: 1
Security
Electric Gate: 1
Other: 1
Land Size
Less Than 1/4 Acre: 1
Terms
Buyer Obtain Finance: 1
Title
Title Ins - Buyer: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Status: Active
Property Features
Tax Exemptions: None
Waterfront: Canal Front; Oceanfront; Open Water
Dockage: Other Dockage
Waterview: Ocean View; Open Water View
Neighborhood Feature: Community Boat Ramp; Community Dockage; Other Area Features
Existing Utilities: Electric on Site; Sewer; Water Line; Water Meter
BuildingPermit: Active Permit; Other Permit
Security: Electric Gate; Other
Land Size: Less Than 1/4 Acre
Terms: Buyer Obtain Finance
Title: Title Ins - Buyer
Listing Office: The Firm Realty Group
Last Updated: October - 21 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.