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57 Garden Cove Drive, KEY LARGO, FL

$4,799,000 - 6 Beds - 5.1 Baths - 4,224 Sqft - .11 Acres

Outstanding Oceanfront Estate Home perfectly situated 5 minutes from Ocean Reef Club and 30 minutes from Miami on a point lot with direct access to John Pennekamp Coral Reef State Park. This 5,100 square foot, 6 bedroom, 5.5 bath estate sits on .72 acres with 300 linear feet of water frontage. It features many luxury appointments and finishes including an ADA accessible elevator, Italian marble floors, sub-zero refrigerator, wine chiller, wet bar, granite countertops, stainless steel appliances, and hard wood cabinets. This is a solid CBS building built in 2014 with a 50-year metal roof and hurricane impact windows and doors throughout.Enjoy floor to ceiling ocean vistas from the main living area or experience 180 degree ocean views from the master bedroom. Open porches make you feel like the ocean is at your feet. All bedrooms have ocean views, and the screened-in room off the kitchen is the perfect spot to take in the ocean breeze while sipping on a morning coffee or nightcap. Take a dip in the pool, relax under the Tiki, or sunbathe on the property's large sandy beach. The mature tropical landscaping and gated yard provide a secluded paradise so you and your guests to escape. If you want to do something more active, take a kayak or paddleboard and explore nearby islands around Garden Cove and North Sound Creek. You can also take a quick boat ride to molasses reef, rich fishing grounds, or a 10-minute boat ride will get you to Ocean Reef Club. When you get hungry, grab fresh seafood at one of the local restaurants (with that Key's charm) just a short walk from the house. Or, you can enjoy a meal in the home's dining room that accommodates 18 people. The home contains luxury furnishings and fixtures throughout, all of which convey with the home. Rather than pay millions more for a comparable home at Ocean Reef Club, this home is a short car or boat ride to Ocean Reef with MUCH more potential. Unlike most estate homes in the Keys, this property is located in the Mixed Use (MU) zoning district that allows for short-term vacation rentals. The house can sleep 17 people, with no rental restrictions! This is very rare for the Keys. You are not limited to 1 week or 28-day rentals. You can rent nightly! The current owner has operated the property as a vacation rental and nets approximately $300K annually. The sale includes the adjoining lot (Folio 00539680-000000), which is currently encompassed in the property's yard. The owner has a full set of construction plans for a 2,200+ sq. ft. guest house that could be built should the buyer want to expand.

Essential Information

For 57 Garden Cove Drive, KEY LARGO, FL
  • MLS® # 586333
  • Price $4,799,000
  • Bedrooms 6
  • Bathrooms 5.10
  • Full Baths 5
  • Half Baths 1
  • Square Footage 4,224
  • Acres 0.11
  • Year Built 2014
  • Type Residential
  • Sub-Type Single Family
  • Status Active

Community Information

For 57 Garden Cove Drive, KEY LARGO, FL
  • Address 57 Garden Cove Drive
  • Area 27 - Key Largo MM 97-107
  • Subdivision Ocean Isle Estates (106.0)
  • City KEY LARGO
  • County Monroe
  • State FL
  • Zip Code 33037

Amenities

For 57 Garden Cove Drive, KEY LARGO, FL
  • Utilities Cable Available
  • Parking Guest Parking, Open Parking
  • View Ocean View, Open Water View
  • Is Waterfront Yes
  • Waterfront Oceanfront, Open Water
  • Has Pool Yes
  • Pool In Ground

Interior

For 57 Garden Cove Drive, KEY LARGO, FL
  • Interior Features Elevator
  • Heating Central A/C

Appliances

For 57 Garden Cove Drive, KEY LARGO, FL

Dishwasher, Dryer, Microwave, Range, Washer, Wine Cooler

Exterior

For 57 Garden Cove Drive, KEY LARGO, FL
  • Exterior Features Chickee Hut, Storage
  • Lot Description 1/2 - Less Than 1 AC
  • Roof Metal Roof
  • Construction CBS

Windows

For 57 Garden Cove Drive, KEY LARGO, FL

Impact Rstnce Doors, Impact Rstnce Window

Additional Information

For 57 Garden Cove Drive, KEY LARGO, FL
  • Date Listed June 30th, 2019
  • Days on Market 136
  • Zoning MU - M - Mixed Use - Maritime
  • HOA Fees 0.00

Listing Details

For 57 Garden Cove Drive, KEY LARGO, FL
  • Agent Nancy Eaves
  • Office Swenson & Ecuyer Realty

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