54 Sunset Road, Key Largo, FL 33037

$4,695,000

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Property Type: Vacant Land Lot Size (sq. ft.): 38,040 Status: Active

Current Price: $4,695,000 List Date: 9/10/2026 Last Modified: 9/12/2026

Overview

Description

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 a short walk to the beach just north of the property and a 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.

Listing Details MLS# 621254

Location, Tax & Legal

Street #: 54
Street Name: Sunset
Street Suffix: Road
Key/Island: Key Largo
State/Province: FL
Zip Code: 33037
County: Monroe
Subdivision: Sunset Point (95.0)
Area: 26 - Key Largo S of MM 96.9
City: KEY LARGO
Off Shore Island: No
Mile Marker: 95
Marathon Neighborhood: N/A
Senior Community YN: No
Side: Bay/Gulf
Flood Zone: AE,AE,VE
Alternate Key #: 1607142
Parcel #: 00490900-000000
Zoning: IS - Improved Subivision District
Deed Restrictions: Unknown
Legal: BK 3 LTS 9 AND 10 SUNSET POINT PB2-81 KEY LARGO G46-285 OR409-269 OR1266-1905 OR1287-2501M/T OR2762-1715 OR2863-1619 OR2
Taxes: 24302.5
Tax Year: 2025

Contract Information

Listing Board: Florida Keys
ROGO Exempt: Yes
Limited Representation: No
As is Rght to Inspct: No
Potential Short Sale: No
Bank Owned: No

General Property Description

Realtor.COM Type: Vacant Land
Waterfront: Yes
Control Depth: 3
Lot Dimensions: X
Lot SqFt: 38040
Lot Sqft Source: Tax Records
Total Lots: 2
Survey Available: Yes

Miscellaneous Info

Mobile Home Lot: No

Dockage

Dock Permit: Applied For

More Information

Financial Status

Bank Owned: No
Potential Short Sale: No

Remarks & Misc

Remarks – Consumer: 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 a short walk to the beach just north of the property and a 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.

Assoc/Misc Info

Mandatory Home Owners Asc: No
1st Right of Refusal: No

Tax Exemptions

None: Yes

Waterfront

Bay Front: Yes

Waterview

Bay View: Yes
Open Water View: Yes

Neighborhood Feature

Community Boat Ramp: Yes

Location/Site

Cleared Site: Yes
Fenced: Yes
Water Frontage: Yes

Existing Utilities

Electric on Site: Yes
Sewer: Yes
Street Lights: Yes
Water Line: Yes

BuildingPermit

Applied For Permit: Yes

Security

No Security: Yes

Land Size

More than 1 Lot: Yes
1/2 - Less Than 1 AC: Yes

Terms

No Seller Finance: Yes

Title

Title Ins - Buyer: Yes

Property Rights

Mitigation Lot-Rogo: Yes
Transfer Bldg Rights: Yes

Property Features

Tax Exemptions: None Waterfront: Bay Front Waterview: Bay View; Open Water View Neighborhood Feature: Community Boat Ramp Existing Utilities: Electric on Site; Sewer; Street Lights; Water Line BuildingPermit: Applied For Permit Security: No Security Land Size: More than 1 Lot; 1/2 - Less Than 1 AC Terms: No Seller Finance Title: Title Ins - Buyer Property Rights: Mitigation Lot-Rogo; Transfer Bldg Rights

Listing Office: Engel & Völkers Islamorada

Last Updated: September - 12 - 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.

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