778 Canal Street, Key Largo, FL 33037 (MLS# 615287)

778 Canal Street, Key Largo, FL 33037

$2,000,000

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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

Overview

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.

Listing Details MLS# 615287

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
City: KEY LARGO
Off Shore Island: No
Mile Marker: 103
Marathon Neighborhood: N/A
Side: Bay/Gulf
Flood Zone: AE 9
Alternate Key #: 00548440-000000
Zoning: SF - Single Family
Deed Restrictions: No
Legal: BK 3 LT 12 TWIN LAKES PB3-160 KEY LARGO OR608-300 OR1136-1953 OR2067-666
Taxes: 6456.18
Tax Year: 2023
Pub Sewer HkUp: Yes

Contract Information

Listing Board: Florida Keys
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No

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 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

Association Info

Mandatory Home Owners Asc: No
Voluntary Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0

License Info

# of City License: Yes

More Information

Dockage

Dock Length: 50
Dock: Concrete
Seawall: Concrete
Davits: Yes

Building Style

Above Flood: Yes
Split Level: Yes

Vehicle Storage

Car(s): 4+
Guest Parking: Yes
Off Street Parking: Yes
Trailer Storage: Yes

Financial Status

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

Remarks & Misc

Remarks – Consumer: 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.

Fee Includes

None: Yes

Tax Exemptions

None: Yes

Appliances

Dishwasher: Yes
Freezer: Yes
Microwave: Yes
Oven: Yes
Refrigerator: Yes

Pets

Pets Allowed: Yes

Cooling

Central Air: Yes

Waterfront

Canal Front: Yes

Waterview

Canal View: Yes

Floor

Concrete: Yes
Vinyl: Yes

Construction

CBS: Yes
Concrete: Yes

Land Size

1/4 - 1/2 Acre: Yes

Furnished

Unfurnished: Yes

Terms

Cash: Yes
Conventional: Yes

Utilities

Buyer to Verify: Yes
FKAA: Yes
Municipal Sewer: Yes

Exterior Features

Shed: Yes

Roof

Concrete Roof: 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

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

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