778 Canal Street, Key Largo, FL 33037

$2,000,000
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,830 Lot Size (sq. ft.): 13,700 Status: Active
Current Price: $2,000,000 List Date: 6/02/2025 Last Modified: 2/06/2026

Description

INVESTORS PARADISE! Situated on nearly 14,000 sq ft lot, this property offers premium access on a wide and deep canal, perfect for the ultimate boaters and savvy investors. Solidly built concrete construction and a concrete roof, the existing home features a 2-bedroom, 1-bathroom, and main living area upstairs, plus a Permitted 1-bedroom, 1-bath guest suite downstairs—ideal for guests or extended family. With ample space to expand, redesign, or completely reimagine, the oversized lot offers room for a luxury pool, extensive outdoor living areas, and additional square footage. This is a blank canvas and one of the most desirable Investment opportunities in the heart of Key Largo. Whether you're looking to renovate for personal enjoyment or unlock the property's full investment potential, this is your chance to capitalize on size, structure, and location —bring your vision and create your slice of paradise.

More Information MLS# 615287

Contract Information

Current Price: $2,000,000 Listing Date: 2025-06-02 Listing Board: Florida Keys List Price: $2,000,000 As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: No

Location Tax Legal

Street #: 778 Street Name: Canal Street Suffix: Street Key/Island: Key Largo State/Province: FL Zip Code: 33037 County: Monroe Subdivision: Twin Lakes (103.0) Area: 27 - Key Largo MM 97-107

General Property Description

Realtor.COM Type: Residential - Single Family Style: Single Family Waterfront: Yes Control Depth: 5 Pool: No Year Built: 1974 Total Units: 2 Lot Size: 60 x 160 x 50 x 122 x 110 Lot SqFt: 13700 Lot Sqft Source: Property Data Card Living Apx SqFt: 1830 SqFt Source: LA Measured Total Bedrooms: 3 Full Baths: 2 Total Baths: 2 Rentals Allowed: With Restrictions Min Rental Days: 28

Status Change Info

Status: Active

Association Info

Mandatory Home Owners Asc: No Voluntary Home Owners Asc: No 1st Right of Refusal: No

License Info

# of City License: 1

Dockage

Dock Length: 50 Dock: Concrete Seawall: Concrete

Building Style

Above Flood: Yes

Vehicle Storage

Car(s): 4+

Financial Status

Auction: No Bank Owned: No Potential Short Sale: No Standard Sale: Yes

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: Canal Front Waterview: Canal View Dockage: Davits Building Style: Split Level Vehicle Storage: Guest Parking; Off Street Parking; Trailer Storage Furnished: Unfurnished Cooling: Central Air Utilities: Buyer to Verify; FKAA; Municipal Sewer Appliances: Dishwasher; Freezer; Microwave; Oven; Refrigerator Exterior Features: Shed Construction: CBS; Concrete Floor: Concrete; Vinyl Roof: Concrete Roof Pets: Pets Allowed Land Size: 1/4 - 1/2 Acre Terms: Cash; Conventional
Listing Office: Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
Last Updated: February - 06 - 2026
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