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Waterfront Duplex with Boat Lift
For Sale
$2,750,000

139 Marina Avenue, Key Largo, FL 33037

Residential, Key Largo, FL

Property Size2,485 SF
Lot Size0.21 Acres
Price / SF$1,106
Days on Market63

Property Features for 139 Marina Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning IS - Improved Subivision
Bedrooms 4
Bathrooms 5
Full bathrooms 4
Half bathrooms 2
Rooms Bedroom 3, Bathroom 5, Bathroom 1, Bedroom 1, Bathroom 2, Bathroom 6, Bedroom 2, Bedroom 4, Bathroom 4, Bathroom 3
Parking features Open
Security features Security
Patio and Porch features Porch
Pets allowed Yes
Pool private 1
Interior features Built-in Cabinets, Storage, Quartz Countertops
Exterior features Chickee Hut, Fencing, Detached Guest Qtrs, Hot Tub, Lighting, Privacy Wall/Fence, Storage
Fencing Fenced, Privacy
Appliances Washer, Dryer, Dishwasher, Refrigerator, Range, Microwave, Disposal, Stainless Steel Appliance(s)
Subdivision Port Largo (100.0)
View Ocean
Directions MM 100- Oceanside. Home is on the left- hand side of Marina Ave.
Standard status Active
APN 00452700000000
Size 2,485 SF
Lot size 0.21 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Lt 139 Port Largo-Key Largo Pb5-3 Or558-557 Or560-1023 Or795-373 Or825-1828 Or995-248 Or1454-234 Or1598-90 Or1651-2119 O
Tax Annual Amount 14394
HOA Fee $300 Annually
Legal Description Lt 139 Port Largo-Key Largo Pb5-3 Or558-557 Or560-1023 Or795-373 Or825-1828 Or995-248 Or1454-234 Or1598-90 Or1651-2119 O

Utilities

Heating system Central
Cooling system Central Air
Water front 1

Amenities

heated saltwater pool
concrete dock
boat lift
balconies
storage room
covered parking
tiki hut
impact windows and doors
electric gated entrance

Building Details

Year built 1980
Flooring type Tile, Vinyl
Building materials CBS
Roof type Concrete
Additional Structures Storage
Listing Agency: American Caribbean Real Estate, Christie's International Real Estate
Listed By: Carlos Lorenzo · License #634298
Added: Jun 24 Changed: Aug 19 Last Checked: Aug 25 at 11:06AM
MLS# 620392

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 legally permitted duplex contains two adjoining townhome-style units within a 2,485-square-foot concrete residence. Each unit offers 2 bedrooms and 2.5 bathrooms, with private en-suite baths for every bedroom. The property has been renovated with updated kitchens, bathrooms, flooring, quartz countertops, tile and vinyl flooring, central heating, and central air. Impact-rated windows and doors, furnishings, storage, covered parking, and separate electric and water meters for each unit add practical functionality.

Set on 0.21 acres with 75 feet of waterfront, the property fronts an 80-foot-deep canal with ocean views and access to the Atlantic. Improvements include a concrete dock, 20,000-pound Neptune boat lift, heated saltwater pool, and tiki hut. The residence also features privacy fencing, an electric gated entrance on both sides, a concrete roof, and proximity to the private Port Largo homeowners' park. Zoning is IS - Improved Subivision.

Key Highlights

  • Legally permitted duplex with two 2‑bedroom, 2.5‑bathroom units
  • 2,485 square feet on a 0.21‑acre lot
  • 75 feet of waterfront along an 80‑foot‑deep canal

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Parking Lot & Garage (Bike/Boat/Book/etc) Store Storage Facility Daycare Center Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

533
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Renovated two-unit waterfront property with private pool, dock, gated access, and separate utility meters.
Where is this duplex located?
The property is located at 139 Marina Avenue Key Largo, FL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Legally permitted duplex with two 2‑bedroom, 2.5‑bathroom units; 2,485 square feet on a 0.21‑acre lot; 75 feet of waterfront along an 80‑foot‑deep canal
More about this property
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