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  • 97501 Overseas Highway 131, Key Largo, FL 33037 (MLS# 617095)

97501 Overseas Highway 131, Key Largo, FL 33037

$1,899,000
Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,635 Status: Active
Current Price: $1,899,000 List Date: 10/30/2025 Last Modified: 4/01/2026

Description

EXCEPTIONAL OCEANFRONT 4 BEDROOM TOP FLOOR PENTHOUSE in exclusive Mariners Club. The ONLY top floor 4 bedroom for sale in the community, this penthouse presents a rare opportunity for both personal enjoyment & income generation. You're gaining a proven, successful rental history with 50 VRBO reviews of 10/10 & 38 five-star reviews on Barefeet Rentals giving you an established guest following that has taken years to develop. This property is well positioned for a seamless transition to new ownership. Historically, this condo has commanded over $10K per month in gross rental revenue, based on this trend & seasonal demand projected annual rental income could exceed $100K! This expansive corner condo is beautifully updated with modern decor, fresh paint, & stylish new furniture - curated for the perfect turnkey experience! Airy & bright with natural light from the extra windows & large sliding doors open to a spacious balcony overlooking the deep-water marina & sparkling Atlantic. Whether you're admiring your boat from the deck or soaking up the breathtaking sea views drink in hand, this home defines luxurious relaxation. The primary suite enjoys open water views, access to the balcony & features an ensuite bath with walk in closet, jet tub, & marble shower. Three additional bedrooms, 2 additional full baths, & laundry room complete the layout. Desirable upgrades include travertine floors, crown molding, impact windows, rounded drywall corners, & gourmet kitchen with granite counters & stainless appliances. Take advantage of all the resort style amenities Mariners Club is known for: two large pools, a grotto hot tub, private marina w/ dry stack boat storage & in/out service, a gym, & both INDOOR & outdoor pickleball courts. This penthouse presents an exceptional opportunity for both personal enjoyment & income generation. Whether you choose to maximize rental income or enjoy it as a personal retreat, this offers the ideal blend of luxury & profitability!

More Information MLS# 617095

Contract Information

Listing Board: Florida Keys Current Price: $1,899,000 Listing Date: 2025-10-22 List Price: $1,899,000

Location, Tax & Legal

Unit #: 131 City: KEY LARGO Mile Marker: 97 Marathon Neighborhood: N/A Side: Ocean Flood Zone: AE Alternate Key #: 9080440 Parcel #: 00554893-000131 Bldg Nbr: 1 Zoning: SR - Sub Urban Residential District Deed Restrictions: Unknown Legal: UNIT 131 THE DOLPHIN AT MARINERS CLUB A CONDO OR2096-8/10 OR2352-138/40 OR2382-2290/91 OR2595-586/88 Taxes: 11575.67 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: Yes Control Depth: 4 Lot SqFt: 0 Unit/Complex: Unit Pool: Yes Lot Sqft Source: Tax Records Total Units: 0 SqFt Source: Tax Records Rentals Allowed: Yes Min Rental Days: 1 Floor Number: 3 Style: Condo Year Built: 2004 Living Apx SqFt: 2635 Total Bedrooms: 4 Full Baths: 3 Total Baths: 3

Remarks & Misc

Remarks – Consumer: EXCEPTIONAL OCEANFRONT 4 BEDROOM TOP FLOOR PENTHOUSE in exclusive Mariners Club. The ONLY top floor 4 bedroom for sale in the community, this penthouse presents a rare opportunity for both personal enjoyment & income generation. You're gaining a proven, successful rental history with 50 VRBO reviews of 10/10 & 38 five-star reviews on Barefeet Rentals giving you an established guest following that has taken years to develop. This property is well positioned for a seamless transition to new ownership. Historically, this condo has commanded over $10K per month in gross rental revenue, based on this trend & seasonal demand projected annual rental income could exceed $100K! This expansive corner condo is beautifully updated with modern decor, fresh paint, & stylish new furniture - curated for the perfect turnkey experience! Airy & bright with natural light from the extra windows & large sliding doors open to a spacious balcony overlooking the deep-water marina & sparkling Atlantic. Whether you're admiring your boat from the deck or soaking up the breathtaking sea views drink in hand, this home defines luxurious relaxation. The primary suite enjoys open water views, access to the balcony & features an ensuite bath with walk in closet, jet tub, & marble shower. Three additional bedrooms, 2 additional full baths, & laundry room complete the layout. Desirable upgrades include travertine floors, crown molding, impact windows, rounded drywall corners, & gourmet kitchen with granite counters & stainless appliances. Take advantage of all the resort style amenities Mariners Club is known for: two large pools, a grotto hot tub, private marina w/ dry stack boat storage & in/out service, a gym, & both INDOOR & outdoor pickleball courts. This penthouse presents an exceptional opportunity for both personal enjoyment & income generation. Whether you choose to maximize rental income or enjoy it as a personal retreat, this offers the ideal blend of luxury & profitability! Directions: Mile marker 97 oceanside, gated, need agent to enter

Association Info

Mandatory Home Owners Asc: Yes 1st Right of Refusal: No Assoc Approval Req: Yes Association Fee $: 4262.62 Maintenance Fee $: 3561.88 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

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1 Washer: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1

Heating

Central: 1

Waterfront

Oceanfront: 1 Open Water: 1

Waterview

Harbor/Marina View: 1 Ocean View: 1 Open Water View: 1

Floor

Marble: 1 Tile: 1

Neighborhood Feature

Beach: 1 Bike Paths: 1 Clubhouse: 1 Community Dockage: 1 Community Pool: 1 Fire Hydrant: 1 Manager on Premises: 1 Tennis Courts: 1

Interior Features

Bar: 1 Drapes/Blinds Incl: 1 Entrance Foyer: 1 Granite Counter Top: 1 Smoke Alarms: 1 Split Bedroom: 1 Storage: 1 Walk-in Closet(s): 1 Whirlpool Bath Tub: 1

Specialty Rooms

Laundry Room: 1 Utility Room: 1

Building Style

Above Flood: Yes

Windows/Doors

Impact Rstnce Doors: 1 Impact Rstnce Window: 1

Vehicle Storage

Guest Parking: 1 Open Parking: 1

Security

Electric Gate: 1 Manned Gate: 1 Patrolled Area: 1

Construction

CBS: 1 Concrete: 1

Land Size

10 or more Acres: 1

Furnished

Furnished: 1 Negotiable: 1

Terms

Cash: 1 Conventional: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Porch/Balcony

Open Porch/Balcony: 1

Title

Title Ins - Buyer: 1

Exterior Features

Bar: 1 Hot Tub: 1 Sprinkler System: 1 Tennis Court(s): 1 Water Display: 1

Pool Info

In Ground: 1 Heated: Yes

Pre-Wired

Cable: 1

Roof

Concrete Roof: 1

Accessibility Feat

Accessible Elevator Installed: 1 Accessible Kitchen: 1 Parking: 1 Wheelchair Ramp: 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: Oceanfront; Open Water Waterview: Harbor/Marina View; Ocean View; Open Water View Dockage: Dock Privileges Vehicle Storage: Guest Parking; Open Parking Furnished: Furnished; Negotiable Cooling: Ceiling Fans(s); Central Air Heating: Central Utilities: FKAA; Municipal Sewer Interior Features: Bar; Drapes/Blinds Incl; Entrance Foyer; Granite Counter Top; Smoke Alarms; Split Bedroom; Storage; Walk-in Closet(s); Whirlpool Bath Tub Pre-Wired: Cable Specialty Rooms: Laundry Room; Utility Room Appliances: Dishwasher; Disposal; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Bar; Hot Tub; Sprinkler System; Tennis Court(s); Water Display Accessibility Feat: Accessible Elevator Installed; Accessible Kitchen; Parking; Wheelchair Ramp Pool Info: In Ground Construction: CBS; Concrete Floor: Marble; Tile Roof: Concrete Roof Neighborhood Feature: Beach; Bike Paths; Clubhouse; Community Dockage; Community Pool; Fire Hydrant; Manager on Premises; Tennis Courts Security: Electric Gate; Manned Gate; Patrolled Area Land Size: 10 or more Acres Terms: Cash; Conventional Title: Title Ins - Buyer
Listing Office: American Caribbean Real Estate, Christie's International Real Estate
Last Updated: April - 01 - 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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