OCEAN ISLE ESTATE
57 Garden Cove Dr, Key Largo FL 33037
6 beds · 5.5 baths · 5,113 ft²
$12,500,000
Est. Payment $66,530/mo
6
Bedrooms
5.5
Bathrooms
5,113
Sq. Ft.
2013
Year Built
81
Days on Market
Description
Discover an extraordinary oceanfront retreat in Key Largo, perfectly positioned on a rare point lot overlooking the open Atlantic with close proximity to Ocean Reef & South Miami. A boater’s dream with 100 feet of premium dockage & direct ocean access—no bridges, no delays. The property’s waterfront setting provides both privacy and panoramic views, creating a truly unmatched coastal backdrop. Currently operating as a successful vacation rental and wedding venue, this home boasts impressive rental history & exceptional income potential. With just under 26,000SQFT of land, the property’s open layout, outdoor entertainment areas, and breathtaking setting make it a sought-after destination for gatherings, events, and luxury getaways. Expansive patios, lush tropical landscaping, and generous waterfront lounging areas offer endless possibilities for relaxation or celebration. The home is being sold together with the adjacent vacant residential land parcel, identified as RE # 00539680.
Facts
- MLS#
- A11930774
- Subdivision
- OCEAN ISLE ESTATE
- Property Type
- Residential
- Property Sub Type
- Single Family Residence
- Year Built
- 2013
- Lot Size
- 0 sqft
- Sq. Ft.
- 5,113 ft²
- Sq. Mt.
- 475 m²
- Price per sq. ft.
- $2,445/ft²
- Price per sq. mt.
- $26,316/m²
- Stories
- —
- Garage
- —
- Pool
- —
- Days on Market
- 81 days
- Listed
- Dec 15, 2025
- Last Updated
- Mar 6, 2026
- Price/Lot Sq.Ft.
- —
Market insights for Key Largo
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Buyers market
May 2026
30
Median days to sold
-1.2%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 12/15/2025 | Listed for sale | $12,500,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
South Pointe Elementary SchoolPK,KG,1,2,3,4,5 · public · 0.5 mi
- Landow Yeshiva Center
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.9 mi
- Klurman Mesivta High School
7,8,9,10,11 · private · 0.9 mi
- Fienberg/Fisher K-8 Center
PK,KG,1,2,3,4,5,6,7,8 · public · 1.0 mi
- Miami Beach Adult & Community Ed Center
UG · public · 1.0 mi
- Fisher Island Day School
PK,KG,1,2,3,4,5,6,7,8 · private · 1.2 mi
- Temple Beth Shmuel Montessori
PK,KG · private · 1.5 mi
- Miami Beach Senior High School
9,10,11,12 · public · 1.9 mi
- Rasg Hebrew Academy
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 2.0 mi
- Rabi Alexander S Gross Hebrew
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 2.0 mi
Data provided by GreatSchools.org © 2026. All rights reserved.Estimated Monthly Payment
$77,097/mo
Principal & Interest
$66,530
Property Tax
$10,417
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
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.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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