Two-Home Residential Income
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 Market182
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
Bedroom 1, Bathroom 2, Bathroom 4, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 3
Parking features
RV
Patio and Porch features
Porch, Patio
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
276-foot concrete 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:
LoKation Real Estate
(954) 545-5583
Listed By:
Tracey E. Petrusha · License #651549
(305) 896-1080
Added: Apr 24
Changed: Oct 22
Last Checked: Oct 22 at 11:06PM
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.
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Investment Insights
Based on property information with market context.
Set on three lots totaling 0.98 acres, this residential income property contains two homes with a combined 3,112 square feet. The primary residence has three bedrooms and two full bathrooms; the second home has two bedrooms and two bathrooms and is served by a separate meter. A private pool and outdoor kitchen add to the property’s exterior amenities.
The property fronts the ocean and includes a 276-foot concrete dock, with direct access to the water. John Pennekamp Coral Reef State Park and Molasses Reef are identified as nearby destinations. Built in 1943, the homes also feature porches and patios.
The property fronts the ocean and includes a 276-foot concrete dock, with direct access to the water. John Pennekamp Coral Reef State Park and Molasses Reef are identified as nearby destinations. Built in 1943, the homes also feature porches and patios.
Key Highlights
- Two homes totaling 3,112 square feet on three lots
- 0.98‑acre oceanfront property with direct water access
- 276‑foot concrete dock
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Two residences offer a combined five bedrooms and four bathrooms, with a separate meter serving the second home.
Where is this residential income 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 homes totaling 3,112 square feet on three lots; 0.98‑acre oceanfront property with direct water access; 276‑foot concrete dock
