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$2,000,000

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1,830 Sq. Ft.
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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.

Full Property Details for 778 Canal St

General

  • Price: $2,000,000
  • Taxes: $6,456 (2023)
  • Status: Active
  • Type: Single Family
  • Source: 927
  • MLS ID: 615287
  • Updated: 5/13/2026
  • Added to Site: 364 day(s) ago

Interior

  • Appliances: Dishwasher, Freezer, Microwave, Oven, Refrigerator
  • Flooring: Vinyl, Concrete

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Exterior

  • Exterior Features: Shed

Parking

  • Parking Features: Guest, Off Street

Location

  • Area: 27 - Key Largo MM 97-107
  • County: Monroe
  • Subdivision: Twin Lakes (103.0)

Community

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

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air

Structural Information

  • Architectural Style: Above Flood
  • Construction: CBS, Concrete
  • Roof: Concrete
  • Square Feet: 1,830
  • Sq. Ft. Source: LA Measured
  • Year Built: 1974

Unit Information

  • Units in Building: 2

Lot Features

  • Property View: Canal
  • Lot Size (Acres): 0.31
  • Lot Size (Sq. Ft.): 13,700
  • Lot Size Source: Property Data Card
  • Lot Dimensions: 60 x 160 x 50 x 122 x 110
  • Zoning: SF - Single Family

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Canal Front

Financial Considerations

  • Tax Amount: $6,456.18
  • Tax Year: 2023
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: BK 3 LT 12 TWIN LAKES PB3-160 KEY LARGO OR608-300 OR1136-1953 OR2067-666
  • Flood Zone: AE 9

Listed by Berkshire Hathaway HomeServices Keys Real Estate - Islamorada, Kelsey Caputo - Frins (305) 363-9998

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Listing agent

— 778 Canal St —

  • Kelsey Caputo - Frins

    Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

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 778 Canal St

School District:Monroe County School District, Middle Torch Key, FL
NameGradesDistance
Key Largo School
104801 Overseas Highway, Key Largo, FL 33037
PK-82.3 mi
Key West High School
2100 Flagler Avenue, Key West, FL 33040
9-1294.4 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 778 Canal St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/06/2026
Price Reduced
$2,000,000
-9.09%
MLS
7/18/2025
Price Reduced
$2,200,000
-8.33%
MLS
7/17/2025
Price Reduced
$2,400,000
-4%
MLS
6/02/2025
Listed
$2,500,000
—
MLS
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 778 Canal St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,773
—
$821,600
3%
2024
$5,773
6%
$799,567
3%
2023
$5,463
27%
$778,227
61%
2021
$4,309
-9%
$482,287
-24%
2022
$4,736
10%
$635,011
32%
2021
$4,309
-2%
$481,249
-1%
2019
$4,383
1%
$486,812
4%
2018
$4,327
4%
$466,280
-2%
2017
$4,169
3%
$476,771
9%
2016
$4,033
5%
$437,564
12%
2015
$3,828
-3%
$390,043
—
2014
$3,962
4%
$388,551
6%
2013
$3,815
—
$367,424
—
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 778 Canal St

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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

Get Pre-Approved

Listed by Berkshire Hathaway HomeServices Keys Real Estate - Islamorada, Kelsey Caputo - Frins (305) 363-9998

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778 Canal Street, Key Largo, FL 33037 (MLS# 615287) is a Single Family property with 3 bedrooms and 2 full bathrooms. 778 Canal Street is currently listed for $2,000,000 and was received on June 02, 2025. Want to learn more about 778 Canal Street? Do you have questions about finding other Single 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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