554 Ocean Cay Drive, Key Largo, FL 33037
$5,295,000
Property Type:
Vacant Land
Lot Size (sq. ft.):
12,120
Status:
Active
Current Price:
$5,295,000
List Date:
10/21/2026
Last Modified:
10/21/2026
Description
A truly rare opportunity in the Florida Keys! Welcome to 554 Ocean Cay, an exceptional oceanfront building lot located within an exclusive gated community in Port Largo, Key Largo. What makes this property so extraordinary is its unique combination of direct Atlantic Ocean frontage in the backyard and 100 feet of deep-water dockage in the front, offering direct ocean access and the ability to accommodate yachts up to 100 feet. BEST OF ALL, THIS LOT WAS PREVIOUSLY IMPROVED WITH A HOME, OFFERING A SIGNIFICANT ADVANTAGE FOR BUYERS LOOKING TO BUILD WITHOUT THE TYPICAL WAIT ASSOCIATED WITH VACANT LAND IN THE FLORIDA KEYS! Very few properties in the entire Florida Keys offer this remarkable combination of oceanfront living, deep-water yacht dockage, and an existing residential building history. Imagine designing your custom waterfront estate overlooking the open Atlantic Ocean while keeping your yacht just steps from your front door. Enjoy breathtaking ocean views, exceptional boating access, and the privacy of an exclusive gated community. For the discerning buyer seeking a truly unique location to create a magnificent Florida Keys estate, opportunities like this are increasingly difficult to find. Two waterfront experiences, one extraordinary property. This is Florida Keys living at its finest!
More Information MLS# 621722
Contract Information
Current Price: $5,295,000
Listing Date: 2026-10-21
Listing Board: Florida Keys
List Price: $5,295,000
ROGO Exempt: Yes
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No
Location Tax Legal
Street #: 554
Street Name: Ocean Cay
Street Suffix: Drive
Key/Island: Key Largo
State/Province: FL
Zip Code: 33037
County: Monroe
Subdivision: Port Largo (100.0)
Area: 27 - Key Largo MM 97-107
General Property Description
Realtor.COM Type: Vacant Land
Waterfront: Yes
Control Depth: 6
Lot Dimensions: 100 x 217+
Lot SqFt: 12120
Lot Sqft Source: Tax Records
Survey Available: Yes
Status Change Info
Status: Active
Miscellaneous Info
Mobile Home Lot: No
Dockage
Dock: Concrete
Dock Length: 100
Financial Status
Bank Owned: No
Potential Short Sale: No
Property Features
Tax Exemptions: None
Waterfront: Canal Front; Oceanfront; Open Water
Dockage: Other Dockage
Waterview: Ocean View; Open Water View
Neighborhood Feature: Community Boat Ramp; Community Dockage; Other Area Features
Existing Utilities: Electric on Site; Sewer; Water Line; Water Meter
BuildingPermit: Active Permit; Other Permit
Security: Electric Gate; Other
Land Size: Less Than 1/4 Acre
Terms: Buyer Obtain Finance
Title: Title Ins - Buyer
Listing Office: The Firm Realty Group
Last Updated: October - 21 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.