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$979,000
Key Largo, FL 33037
MLS# 620765
4 beds | 3 baths | 2518 sqft
1 / 56
Property Description
Luxury resort-style living meets exceptional income potential in this spacious two-story townhouse at Mariner's Club & Marina, one of Key Largo's premier oceanfront communities. Currently a turnkey vacation rental with nightly rentals permitted, this unique lock-off floor plan offers incredible flexibility. The home is configured as a 2-bedroom, 2-bath vacation rental with a connected, partially finished 2-bedroom, 1-bath owner's suite separated by a lockable interior door and separate exterior entrance. Enjoy the entire 4-bedroom, 3-bath residence, occupy one level while renting the other, or maximize income by renting the full home. Inside, you'll find an open-concept floor plan, fully equipped kitchen, spacious bedrooms, in-unit washer and dryer, and a covered patio ideal for outdoor dining and entertaining. An oversized attached garage provides plenty of room for your vehicle, golf cart, and all your boating and water sports gear. Mariner's Club offers an exceptional resort lifestyle with two oceanfront swimming pools, a spa with waterfall grotto, fitness center, speakeasy lounge and game room, indoor and outdoor pickleball courts, tennis, basketball, and a protected deep water 43-slip marina with dry rack storage and direct ocean access. Beautiful tropical grounds feature a sandy beach, tiki huts, fishing pier, orchid garden, EV charging stations, a staffed guard gate, and 24-hour security. Owners enjoy unlimited personal use and the flexibility to self-manage rentals or hire a local property manager. Pets are welcome for owners and for tenants with leases longer than six months. Buyer contributions due at closing include a refundable $45,000 equity membership and a nonrefundable capital contribution of $10,699.20. Whether you're seeking a luxury Keys getaway, a high-performing investment property, or both, this rare opportunity offers the best of the Florida Keys lifestyle.
Details
Maps
Contract Information
Listing Board: Florida Keys
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: Yes
Current Price: $979,000
Listing Date: 2026-07-20
List Price: $979,000
Location, Tax & Legal
Unit #: UNIT 802
City: KEY LARGO
Mile Marker: 97
Marathon Neighborhood: N/A
Senior Community YN: No
Side: Ocean
Flood Zone: AE
Alternate Key #: 8632584
Handicap Access: No
Parcel #: 00554891008000
Zoning: IS - Improved Subivision District
Deed Restrictions: Unknown
Legal: Unit 802 Mariners Club (A/K/A Bk 8 Lt 2 Key Largo North Pb7-22) Or838-285/87 Or915-69/70S/D Or971-814/815C/T Or1077-180/
Taxes: 7569.58
Tax Year: 2025
Pub Sewer HkUp: Yes
Street #: 97501
Street Name: Overseas
Street Suffix: Highway
Key/Island: Key Largo
State/Province: FL
Zip Code: 33037
County: Monroe
Subdivision: Key Largo North - Marnier's Club (97.0)
Area: 27 - Key Largo MM 97-107
General Property Description
Realtor.COM Type: Residential - Condo/Townhouse
Waterfront: No
Control Depth: 4
Lot SqFt: 3731
Pool: Yes
Lot Sqft Source: Tax Records
Total Units: 118
SqFt Source: Tax Records
Rentals Allowed: Yes
Min Rental Days: 1
Style: Townhouse
Year Built: 2003
Living Apx SqFt: 2518
Total Bedrooms: 4
Full Baths: 3
Total Baths: 3
Remarks & Misc
Remarks – Consumer: Luxury resort-style living meets exceptional income potential in this spacious two-story townhouse at Mariner's Club & Marina, one of Key Largo's premier oceanfront communities. Currently a turnkey vacation rental with nightly rentals permitted, this unique lock-off floor plan offers incredible flexibility. The home is configured as a 2-bedroom, 2-bath vacation rental with a connected, partially finished 2-bedroom, 1-bath owner's suite separated by a lockable interior door and separate exterior entrance. Enjoy the entire 4-bedroom, 3-bath residence, occupy one level while renting the other, or maximize income by renting the full home. Inside, you'll find an open-concept floor plan, fully equipped kitchen, spacious bedrooms, in-unit washer and dryer, and a covered patio ideal for outdoor dining and entertaining. An oversized attached garage provides plenty of room for your vehicle, golf cart, and all your boating and water sports gear. Mariner's Club offers an exceptional resort lifestyle with two oceanfront swimming pools, a spa with waterfall grotto, fitness center, speakeasy lounge and game room, indoor and outdoor pickleball courts, tennis, basketball, and a protected deep water 43-slip marina with dry rack storage and direct ocean access. Beautiful tropical grounds feature a sandy beach, tiki huts, fishing pier, orchid garden, EV charging stations, a staffed guard gate, and 24-hour security. Owners enjoy unlimited personal use and the flexibility to self-manage rentals or hire a local property manager. Pets are welcome for owners and for tenants with leases longer than six months. Buyer contributions due at closing include a refundable $45,000 equity membership and a nonrefundable capital contribution of $10,699.20. Whether you're seeking a luxury Keys getaway, a high-performing investment property, or both, this rare opportunity offers the best of the Florida Keys lifestyle.
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: Yes
Condo Doc's: Yes
Association Fee $: 7782.22
Assoc/Mnt Fee Per: Quarterly
Fee Includes
Bldg Exterior Mnt: 1
Building Insurance: 1
Cable: 1
Common Area Mnt: 1
Exterminating: 1
Security: 1
Sewer: 1
Water: 1
Dockage
Dock Privileges: 1
Other Dockage: 1
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Dryer: 1
Freezer: 1
Microwave: 1
Oven: 1
Range: 1
Refrigerator: 1
Washer: 1
Pets
Pets w/Restrictions: Owners/Tenants 6+ mo
Cooling
Central Air: 1
Heating
Central: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Floor
Tile: 1
Neighborhood Feature
Beach: 1
Clubhouse: 1
Community Dockage: 1
Community Pool: 1
Manager on Premises: 1
Spa: 1
Tennis Courts: 1
Other Area Features: 1
Interior Features
Drapes/Blinds Incl: 1
Split Bedroom: 1
Property Condition
Updated/Remodeled: 1
Specialty Rooms
Gym: 1
Building Style
Above Flood: Unknown
Stories: 2 Stories
Townhouse: 1
Windows/Doors
Single Hung Windows: 1
Sliding Glass Doors: 1
Vehicle Storage
Garage: 1
Guest Parking: 1
Assigned Parking: 1
Off Street Parking: 1
Security
Electric Gate: 1
Manned Gate: 1
Patrolled Area: 1
Construction
CBS: 1
Concrete: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Furnished: 1
Terms
Cash: 1
Conventional: 1
No Seller Finance: 1
Utilities
Elect Separate Meter: 1
Porch/Balcony
Patio: 1
Screened P/B: 1
Title
Title Ins - Buyer: 1
Exterior Features
Chickee Hut: 1
Hot Tub: 1
Outdoor Shower: 1
Sandy Beach: 1
Tennis Court(s): 1
Pool Info
In Ground: 1
Heated: Yes
Roof
Metal Roof: 1
Financial Status
Auction: No
Bank Owned: No
Potential Short Sale: No
Standard Sale: Yes
Shutters
Accordion: 1
Status Change Info
Status: Active
Property Features
Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Exterminating; Security; Sewer; Water
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: Dock Privileges; Other Dockage
Property Condition: Updated/Remodeled
Building Style: Townhouse
Vehicle Storage: Garage; Assigned Parking; Guest Parking; Off Street Parking
Furnished: Furnished
Cooling: Central Air
Heating: Central
Utilities: Elect Separate Meter
Interior Features: Drapes/Blinds Incl; Split Bedroom
Specialty Rooms: Gym
Appliances: Dishwasher; Dryer; Freezer; Microwave; Oven; Range; Refrigerator; Washer
Exterior Features: Chickee Hut; Hot Tub; Outdoor Shower; Sandy Beach; Tennis Court(s)
Pool Info: In Ground
Construction: CBS; Concrete
Shutters: Accordion
Floor: Tile
Roof: Metal Roof
Neighborhood Feature: Beach; Clubhouse; Community Dockage; Community Pool; Manager on Premises; Spa; Tennis Courts; Other Area Features
Security: Electric Gate; Manned Gate; Patrolled Area
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional; No Seller Finance
Title: Title Ins - Buyer
Listing Office: LoKation Real Estate - Pompano Beach
Last Updated: July - 28 - 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.