97501 Overseas Hwy 131 Key Largo, FL $ 1,899,000
97501 Overseas Hwy 131
$ 1,899,000
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97501 Overseas Hwy 131

Key Largo, FL, 33037
$ 1,899,000
Bedrooms4 Baths3.0 Sq 2,635

Monthly Estimate*

$ 11,692

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Condo for sale in Key Largo, FL

for $1,899,000 with 4 bedrooms and 3 full baths. This 2,635 square foot condo was built in 2004.

EXCEPTIONAL OCEANFRONT 4-BEDROOM TOP FLOOR PENTHOUSE in exclusive Mariners Club. The ONLY top-floor 4-bedroom currently available, offering a rare opportunity for personal enjoyment and strong income potential. This successful vacation rental features 50 VRBO reviews rated 10/10 and 38 five-star reviews on Barefeet Rentals, providing an established guest following. Historically generating over $10K per month in gross rental revenue, projected annual income could exceed $100K based on seasonal demand. This expansive corner condo is beautifully updated with modern décor, fresh paint, and stylish furnishings for a turnkey experience. Bright and airy with additional windows, large sliding doors open to a spacious balcony overlooking the deep-water marina and Atlantic Ocean. Enjoy open water views from the primary suite with balcony access, ensuite bath, walk-in closet, jet tub, and marble shower. Three additional bedrooms, two full baths, and a laundry room complete the layout. Upgrades include travertine floors, crown molding, impact windows, rounded drywall corners, and a gourmet kitchen with granite counters and stainless appliances. Mariners Club amenities include two large pools, grotto hot tub, private marina with dry stack storage and in/out service, gym, and indoor and outdoor pickleball courts. Ideal as a luxury retreat or high-performing investment!

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Condo Active

Price

$ 1,899,000

Bedrooms

4

Full Bath

3

Property Type

Condo

Taxes

$ 10,476

Style

Year Built

2004

Town/City

Key Largo

County/Region

Monroe

MLS | Web ID

A11905600

Features
General
Heating Central
Cooling Central Air Ceiling Fan(s)
Possession Closing & Funding
Appliances Built-In Oven Dryer Dishwasher Microwave Refrigerator Washer
HOA Fee 4263
Garage Spaces 0
Association Fee Includes Association Management Amenities Common Areas Cable TV Insurance Legal/Accounting Maintenance Grounds Maintenance Structure Recreation Facilities Reserve Fund Sewer Security Trash
Patio/Porch Features Balcony Open
Architectural Style Penthouse
Pool Features Association Heated
Security Features Complex Fenced Security Guard Smoke Detector(s)
Restrictions Daily Rentals Allowed OK To Lease
Construction Materials Block
Pets Allowed Conditional Yes
Year Built 2004
View Ocean Water
Unit Number 131
Property Subtype Condominium
Tax Year 2024
Waterfront Features Navigable Water No Fixed Bridges Ocean Access Ocean Front
Assoc Fee Paid Per Quarterly
County Monroe
Property Type Residential
Association Amenities Boat Dock Marina Clubhouse Community Kitchen Fitness Center Barbecue Picnic Area Pier Playground Pickleball Pool Spa/Hot Tub Elevator(s)
Subdivision Name THE DOLPHIN AT MARINERS C
Garage Y/N false
Building Features Exterior Lighting
Total Rooms 0
Full Baths 3
Special Listing Conditions Listed As-Is
Status Active
Directions Mile marker 97 oceanside gated need agent to enter
City Key Largo
Disclosures Flood Plain Disclosure
Entry Location 3
Senior Community Y/N false
MLS Area 98 Florida Keys
Lot Size Units Square Feet
Carport Spaces 0
Carport Y/N false
Listing Terms Cash Conventional
Property Attached Y/N true
Year Built Details Resale
Tax Annual Amount 10476
MLS Area Minor Other Geographic Area (Out Of Area Only)
Lease Considered Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11905600
Standard Status Active
Occupancy Type Call Agent
Property Sub Type Additional Condominium
Legal Description UNIT 131 THE DOLPHIN AT MARINERS CLUB A CONDO OR2096-8/10 OR2352-138/40 OR2382-2290/91 OR2595-586/88
HOA Fee 3 3562
Membership Fee 45000
Membership Fee Frequency One Time
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Interior
Interior Amenities Breakfast Bar Breakfast Area Dual Sinks Living/Dining Room Pantry Separate Shower Walk-In Closet(s)
Flooring Marble Tile
Furnished Y/N Furnished
Total Stories 3
Air Conditioning Y/N true
Heating Y/N true
Window Features Impact Glass
Half Baths 0
Total Bedrooms 4
Entry Level 3
Total Baths 3
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Exterior
Exterior Amenities Balcony Security/High Impact Doors
Parking Features Open
Building Area Total 2635
Waterfront Y/N true
Covered Spaces 0
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* Excluded Features
List By
American Caribbean Real Estate

Broker

Lorie@LorieLeal.com

Email

Affordability Calculator

$12,565
Per Month
93%
7%
0%
Monthly Principal & Interest
$11,692
Monthly Property Taxes
$873
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/26/2026$1,899,000 -5.00% Price Down
2/5/2026$1,999,000 -4.81% Price Down
10/31/2025$2,099,990 Listed Price

Map


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97501 Overseas Hwy 131, Key Largo, FL, 33037 is a Condo for sale at $1,899,000 with 2,635 sqft. 97501 Overseas Hwy 131 has 4 bedrooms, 3.0 baths, and was built in 2004. The property's zip code is 33037 which is in Key Largo, FL