LAKE SURPRISE ESTATES,Lake Surprise

187 Grassy Rd, Key Largo FL 33037

4 beds · 4 baths · 2,103 ft²

Closed

$1,499,000

24.94%

Est. Payment $7,978/mo

MLS Sheet Video

4

Bedrooms

4

Bathrooms

2,103

Sq. Ft.

1998

Year Built

375

Days on Market

Description

***LARGE CONCRETE WATERFRONT ***WITH CONCRETE ROOF, *** 4 bedroom, 4 bath home with *** HIGH 10' CEILINGS*** is locatedin ***COMMUTABLE KEY LARGO and boasts ***197 FEET OF DEEP-WATER CONCRETE DOCK . ***SUNSET VIEWS this custom builthome is located on the corner of the main canal into Lake Surprise and Blackwater Sound it is minutes by boat to the Adams Cut Waterway,and the open Atlantic Ocean. This custom built home offers the unyielding strength of concrete block, 5,000 psi concrete, impact windows anddoors, plus accordion shutters! Panoramic views of the sunset can be enjoyed from the top floor separate studio apartment and enormous rooftop entertainment deck.

Facts

MLS#
A11526296
Subdivision
LAKE SURPRISE ESTATES,Lake Surprise
Property Type
Residential
Property Sub Type
Single Family Residence
Year Built
1998
Lot Size
8,675 ft²
Sq. Ft.
2,103 ft²
Sq. Mt.
195 m²
Price per sq. ft.
$713/ft²
Price per sq. mt.
$7,687/m²
Stories
Garage
Pool
Days on Market
375 days
Listed
Feb 2, 2024
Last Updated
Apr 7, 2025
Price/Lot Sq.Ft.
$173/ft²

Comparable homes

Same ZIP, similar price + bedrooms.

Market insights for Key Largo

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

May 2026

100/100
Buyers marketSellers market

48

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

4/7/2025Sold$1,499,000
1/13/2025Price change$1,499,000-24.9%
2/2/2024Listed for sale$1,997,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

187 Grassy Rd, Key Largo FL 33037Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

GreatSchoolsData provided by GreatSchools.org © 2026. All rights reserved.

Estimated Monthly Payment

$9,377/mo

Principal & Interest

$7,978

Property Tax

$1,249

Insurance

$150

HOA

$0

20% ($299,800)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

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The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.

Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.

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Updated within 24 hours

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187 Grassy Rd, Key Largo FL 33037 | $1,499,000 | Rangely Adames Miami Real Estate