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Oceanfront Compound with Private Dock
For Sale
$2,890,000

34 Atlantic Drive, Key Largo, FL 33037

Rare oceanfront compound with two homes and a 276-foot dock.

Property Size3,112 SF
Price / SF$928.66
Days on Market101

Property Features for 34 Atlantic Drive

General Information

Standard status Active
Size 3,112 SF
Property subtype Multi-Family

Building Details

Year Built 1943
Listing Agency: Venture Realty Group
Listed By: Tracey Petrusha · License #651549
Source: Xome
Added: Apr 22 Changed: Jul 10 Last Checked: May 27 at 7:37AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Venture Realty Group

Investment Insights

Based on property information with market context.

This unique oceanfront compound is situated on three expansive lots, offering a rare combination of two distinct homes and direct water access. The property includes a 276-foot concrete dock, suitable for accommodating large vessels and launching watercraft. The primary residence features a modern style with 3 bedrooms and 2 full baths, providing bright living spaces and ocean views. A second home, also modern in style, includes 2 bedrooms and 2 baths on a separate meter, suitable for guests or extended family. The grounds offer ample space for entertaining and enjoying the coastal surroundings. The property is located adjacent to John Pennekamp Coral Reef State Park and Molasses Reef, offering boating access to both the ocean and bay. This property is ideal for boating enthusiasts, investors, or multi-generational living.

Key Highlights

  • Direct Oceanfront Compound with a 276‑Foot Concrete Dock providing ideal boating access to the ocean and bay.
  • Rare 3‑Lot Property featuring Two Modern Style Homes, perfect for various living arrangements or investment.
  • Adjacent to John Pennekamp Coral Reef State Park, offering unparalleled access to snorkeling and diving adventures.

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Travel Agency

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

Location Intelligence

Trade Area within ½ mile

642
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?
Multifamily property - Rare oceanfront compound with two homes and a 276-foot dock.
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: Direct Oceanfront Compound with a **276‑Foot Concrete Dock** providing ideal boating access to the ocean and bay.; Rare 3‑Lot Property featuring **Two Modern Style Homes**, perfect for various living arrangements or investment.; Adjacent to John Pennekamp Coral Reef State Park, offering unparalleled access to snorkeling and diving adventures.
More about this property
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