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$2,890,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 1 day ago
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Huge Direct Oceanfront Compound -- One-of-a-Kind with 276-Foot Concrete DockAdjacent to World-Famous John Pennekamp, Coral Reef State Park & Molasses Reef.Discover a truly exceptional and private oceanfront compound designed for boating enthusiasts, investors, or multi-generational living. Spread across three expansive lots, this rare property includes two distinct homes and direct water access -- a combination that's nearly impossible to find in today's market.The primary residence features a Modern Style 3 bedrooms and 2 full baths, offering bright, comfortable living spaces and sweeping ocean views. The second home, complete Modern Style 2 bedrooms and 2 baths on a separate meter, is ideal for guests, or extended family.Step outside to unparalleled oceanfront living with a 276-foot concrete dock, perfect for accommodating large vessels, fishing, and launching watercraft. The grounds offer generous room for entertaining, expansion, or simply enjoying the peaceful surroundings of this secluded coastal haven.Highlights:3 lots with two homes and a 276-ft dock, Turn-KeyDirect ocean access -- idea for boating on the Ocean or Bay.Steps from John Pennekamp Coral Reef State ParkPerfect for entertaining, investing, or creating a family retreatUnmatched privacy and coastal lifestyle potential.

Full Property Details for 34 Atlantic Dr

General

  • Price: $2,890,000
  • Taxes: $13,133 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: 927
  • MLS ID: 619621
  • Updated: 4/25/2026
  • Added to Site: 2 day(s) ago

Interior

  • Interior Features: Granite Counter Top, Walk-in Closet(s)
  • Appliances: More Appliances, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer, Washer
  • Furnishings: Negotiable
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 5

Additional Information

  • Shared Amenities: Community Boat Ramp
  • Pool: Yes
  • Pool Description: In Ground, Concrete

Exterior

  • Exterior Features: Built-in Grill, Outdoor Kitchen, Lighting
  • Deck/Patio: Open Porch/Balcony, Patio

Parking

  • Garage: Yes
  • Parking: Garage, RV Parking Open

Location

  • Area: 28 - Key Largo N of MM 107 Incl Ocean Reef
  • County: Monroe
  • Subdivision: Ocean Reef Shores (905.0)
  • Driving Directions: Use GPS/Off of the 905 Old Road, Turn on Gulfstream Dr. Then Right on NE 1st St& Left on Atlantic Dr.

Community

  • Association: Yes
  • Assoc. Fees Include: None
  • Pets Allowed: Yes

Heating & Cooling

  • Cooling Type: Central Air, Ceiling Fans(s)
  • Heating Type: Central

Utilities

  • Water: Ocean View
  • Utility Description: FKAA, Buyer to Verify, Municipal Sewer

Structural Information

  • Architectural Style: Multi-Units
  • Construction: CBS, Concrete
  • Roof: Metal Roof
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Stories/Levels: 1 Story
  • Square Feet: 3,112
  • Sq. Ft. Source: Property Data Card
  • Year Built: 1943

Lot Features

  • Lot Size (Sq. Ft.): 29,185
  • Lot Dimensions: x
  • Zoning: IS - Improved Subivision District

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Type: Open Water

Financial Considerations

  • Tax Amount: $13,133
  • Tax Year: 2025
  • Terms: Cash, FHA, VA, Conventional

Disclosures and Reports

  • Legal Description: PT TRACT B 1ST ADDN TO KNOWLSON COLONY KEY LARGO PB3-110 OR518-1019 OR759-410 OR1422-1595 OR2947-0414 OR3325-1282
  • Flood Zone: AE, AE, VE, AE
  • APN: 00564760-000000

Listed by Venture Realty Group, Tracey E. Petrusha (305) 896-1080 and Venture Realty Group, Michael Petrusha (954) 608-4901

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Listing agents

— 34 Atlantic Dr —

  • Tracey E. Petrusha

    Venture Realty Group

  • Michael Petrusha

    Venture Realty Group

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 34 Atlantic Dr

School District:Monroe County School District, Middle Torch Key, FL
NameGradesDistance
Key Largo School
104801 Overseas Highway, Key Largo, FL 33037
PK-83.2 mi
Coral Shores High School
89901 Old Highway, Tavernier, FL 33070
9-1217.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 34 Atlantic Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/24/2026
Listed
$2,890,000
40.98%
MLS
4/11/2025
Sold
$2,050,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 34 Atlantic Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$11,902
—
$1,738,453
10%
2024
$11,902
4%
$1,579,884
-1%
2023
$11,405
40%
$1,599,070
114%
2021
$8,130
-14%
$746,667
-37%
2022
$9,486
17%
$1,193,040
59%
2021
$8,130
-14%
$748,156
-17%
2019
$9,456
6%
$897,306
8%
2018
$8,886
4%
$833,388
-5%
2017
$8,549
3%
$875,458
6%
2016
$8,323
1%
$828,549
27%
2015
$8,218
-4%
$654,877
8%
2014
$8,540
6%
$608,289
8%
2013
$8,042
—
$564,774
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 34 Atlantic Dr

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Venture Realty Group, Tracey E. Petrusha (305) 896-1080 and Venture Realty Group, Michael Petrusha (954) 608-4901

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34 Atlantic Drive, Key Largo, FL 33037 (MLS# 619621) is a Multi-Family property with 0 units containing 5 bedrooms and 4 full bathrooms. 34 Atlantic Drive is currently listed for $2,890,000 and was received on April 24, 2026. Want to learn more about 34 Atlantic Drive? Do you have questions about finding other Multi-Family real estate for sale in Key Largo? You can browse all Key Largo real estate or contact a Coldwell Banker agent to request more information.

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