778 Canal Street, Key Largo, FL 33037

$2,000,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,830 Lot Size (sq. ft.): 13,700 Status: Active

Current Price: $2,000,000 List Date: 6/02/2025 Last Modified: 2/06/2026

Description

INVESTORS PARADISE! Situated on nearly 14,000 sq ft lot, this property offers premium access on a wide and deep canal, perfect for the ultimate boaters and savvy investors. Solidly built concrete construction and a concrete roof, the existing home features a 2-bedroom, 1-bathroom, and main living area upstairs, plus a Permitted 1-bedroom, 1-bath guest suite downstairs—ideal for guests or extended family. With ample space to expand, redesign, or completely reimagine, the oversized lot offers room for a luxury pool, extensive outdoor living areas, and additional square footage. This is a blank canvas and one of the most desirable Investment opportunities in the heart of Key Largo. Whether you're looking to renovate for personal enjoyment or unlock the property's full investment potential, this is your chance to capitalize on size, structure, and location —bring your vision and create your slice of paradise.

More Information MLS# 615287

Contract Information

Listing Board: Florida Keys As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: No Current Price: $2,000,000 Listing Date: 2025-06-02 List Price: $2,000,000

Location, Tax & Legal

City: KEY LARGO Off Shore Island: No Mile Marker: 103 Marathon Neighborhood: N/A Side: Bay/Gulf Flood Zone: AE 9 Alternate Key #: 00548440-000000 Zoning: SF - Single Family Deed Restrictions: No Legal: BK 3 LT 12 TWIN LAKES PB3-160 KEY LARGO OR608-300 OR1136-1953 OR2067-666 Taxes: 6456.18 Tax Year: 2023 Pub Sewer HkUp: Yes Street #: 778 Street Name: Canal Street Suffix: Street Key/Island: Key Largo State/Province: FL Zip Code: 33037 County: Monroe Subdivision: Twin Lakes (103.0) Area: 27 - Key Largo MM 97-107

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: Yes Control Depth: 5 Lot Size: 60 x 160 x 50 x 122 x 110 Lot SqFt: 13700 Pool: No Lot Sqft Source: Property Data Card Total Units: 2 SqFt Source: LA Measured Rentals Allowed: With Restrictions Min Rental Days: 28 Style: Single Family Year Built: 1974 Living Apx SqFt: 1830 Total Bedrooms: 3 Full Baths: 2 Total Baths: 2

Remarks & Misc

Remarks – Consumer: INVESTORS PARADISE! Situated on nearly 14,000 sq ft lot, this property offers premium access on a wide and deep canal, perfect for the ultimate boaters and savvy investors. Solidly built concrete construction and a concrete roof, the existing home features a 2-bedroom, 1-bathroom, and main living area upstairs, plus a Permitted 1-bedroom, 1-bath guest suite downstairs—ideal for guests or extended family. With ample space to expand, redesign, or completely reimagine, the oversized lot offers room for a luxury pool, extensive outdoor living areas, and additional square footage. This is a blank canvas and one of the most desirable Investment opportunities in the heart of Key Largo. Whether you're looking to renovate for personal enjoyment or unlock the property's full investment potential, this is your chance to capitalize on size, structure, and location —bring your vision and create your slice of paradise.

Association Info

Mandatory Home Owners Asc: No Voluntary Home Owners Asc: No 1st Right of Refusal: No Association Fee $: 0

License Info

# of City License: 1

Fee Includes

None: 1

Dockage

Dock Length: 50 Dock: Concrete Davits: 1 Seawall: Concrete

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Freezer: 1 Microwave: 1 Oven: 1 Refrigerator: 1

Pets

Pets Allowed: 1

Cooling

Central Air: 1

Waterfront

Canal Front: 1

Waterview

Canal View: 1

Floor

Concrete: 1 Vinyl: 1

Building Style

Above Flood: Yes Split Level: 1

Vehicle Storage

Car(s): 4+ Guest Parking: 1 Off Street Parking: 1 Trailer Storage: 1

Construction

CBS: 1 Concrete: 1

Land Size

1/4 - 1/2 Acre: 1

Furnished

Unfurnished: 1

Terms

Cash: 1 Conventional: 1

Utilities

Buyer to Verify: 1 FKAA: 1 Municipal Sewer: 1

Exterior Features

Shed: 1

Roof

Concrete Roof: 1

Financial Status

Auction: No Bank Owned: No Potential Short Sale: No Standard Sale: Yes

Status Change Info

Status: Active

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: Canal Front Waterview: Canal View Dockage: Davits Building Style: Split Level Vehicle Storage: Guest Parking; Off Street Parking; Trailer Storage Furnished: Unfurnished Cooling: Central Air Utilities: Buyer to Verify; FKAA; Municipal Sewer Appliances: Dishwasher; Freezer; Microwave; Oven; Refrigerator Exterior Features: Shed Construction: CBS; Concrete Floor: Concrete; Vinyl Roof: Concrete Roof Pets: Pets Allowed Land Size: 1/4 - 1/2 Acre Terms: Cash; Conventional

Listing Office: Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

Last Updated: February - 06 - 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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