Oceanfront Multifamily
For Sale
$2,890,000
34 Atlantic Drive, Key Largo, FL 33037
Residential, Key Largo, FL
Property Size3,112 SF
Lot Size0.98 Acres
Price / SF$928.66
Days on Market128
Property Features for 34 Atlantic Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
IS - Improved Subivision
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 3, Bedroom 2
Parking features
RV
Patio and Porch features
Patio, Porch
Pets allowed
Yes
Pool private
1
Interior features
Granite Counter Top, Walk-in Closet(s)
Exterior features
Built-in Grill, Lighting, Outdoor Kitchen
Appliances
More Appliances, Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Stainless Steel Appliance(s)
Subdivision
Ocean Reef Shores (905.0)
View
Ocean
Directions
Use GPS/Off of the 905 Old Road, Turn on Gulfstream Dr. Then Right on NE 1st St& Left on Atlantic Dr.
Standard status
Active
APN
00564760-000000
Size
3,112 SF
Lot size
0.98 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PT TRACT B 1ST ADDN TO KNOWLSON COLONY KEY LARGO PB3-110 OR518-1019 OR759-410 OR1422-1595 OR2947-0414 OR3325-1282
Tax Annual Amount
13133
Legal Description
PT TRACT B 1ST ADDN TO KNOWLSON COLONY KEY LARGO PB3-110 OR518-1019 OR759-410 OR1422-1595 OR2947-0414 OR3325-1282
Utilities
Heating system
Central
Cooling system
Central Air
Water front
1
Amenities
dock
Building Details
Year built
1943
Floors in Building
1
Flooring type
Tile
Building materials
CBS, Concrete
Roof type
Metal
Additional Structures
Outdoor Kitchen
Listing Agency:
Venture Realty Group
(954) 545-5583
Listed By:
Tracey E. Petrusha · License #651549
(305) 896-1080
Added: Apr 24
Changed: Aug 29
Last Checked: Aug 29 at 7:06PM
MLS# 619621
Copyright © 2026 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily property combines two residences within a private oceanfront compound. The primary home contains 3 bedrooms and 2 full baths, while the separate second residence offers 2 bedrooms and 2 baths with its own meter. The 3,112-square-foot property was built in 1943 and includes tile flooring, central heating and cooling, a metal roof, granite countertops, walk-in closets, and a private pool. Outdoor improvements include a built-in grill, outdoor kitchen, patio, porch, lighting, and RV parking.
The 0.98-acre site spans three lots and includes a 276-foot concrete dock with direct access to the ocean. The property is adjacent to John Pennekamp Coral Reef State Park and is located in Key Largo, FL 33037. Zoning is IS - Improved Subivision. The residences are equipped with kitchens, laundry appliances, dishwashers, refrigerators, ranges, ovens, and microwaves, supporting separate household or guest accommodations.
The 0.98-acre site spans three lots and includes a 276-foot concrete dock with direct access to the ocean. The property is adjacent to John Pennekamp Coral Reef State Park and is located in Key Largo, FL 33037. Zoning is IS - Improved Subivision. The residences are equipped with kitchens, laundry appliances, dishwashers, refrigerators, ranges, ovens, and microwaves, supporting separate household or guest accommodations.
Key Highlights
- Two residences: primary home with 3 bedrooms and 2 full baths; second home with 2 bedrooms and 2 baths
- 276‑foot concrete dock with direct ocean access
- 0.98‑acre compound across three lots
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Explore this area
Business Placement
Demographics for 33037, FL
13,875
Population
10,494
Households
1.3
Avg Household Size
53
Median Age
41%
College-Educated
95%
High-School Grad
32.9 sq mi
ZIP Area
422
Density / Sq Mi
$80,911
Median Household Income
$40,641
Median Earnings
$1,896
Median Rent
$660,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two separate residences offer direct ocean access, private outdoor amenities, and flexible space for extended living or guests.
Where is this multifamily property located?
The property is located at 34 Atlantic Drive Key Largo, FL.
What is the asking price?
The asking price for this property is $2,890,000.
What are key features of this property?
This property features: Two residences: primary home with 3 bedrooms and 2 full baths; second home with 2 bedrooms and 2 baths; 276‑foot concrete dock with direct ocean access; 0.98‑acre compound across three lots
