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97501 Overseas Highway 131, Key Largo, FL 33037

$1,899,000
Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,635 Status: Active
Current Price: $1,899,000 List Date: 10/30/2025 Last Modified: 4/21/2026

Overview

Description

EXCEPTIONAL OCEANFRONT 4 BEDROOM TOP FLOOR PENTHOUSE in exclusive Mariners Club. The ONLY top floor 4 bedroom for sale in the community, this penthouse presents a rare opportunity for both personal enjoyment & income generation. You're gaining a proven, successful rental history with 50 VRBO reviews of 10/10 & 38 five-star reviews on Barefeet Rentals giving you an established guest following that has taken years to develop. This property is well positioned for a seamless transition to new ownership. Historically, this condo has commanded over $10K per month in gross rental revenue, based on this trend & seasonal demand projected annual rental income could exceed $100K! This expansive corner condo is beautifully updated with modern decor, fresh paint, & stylish new furniture - curated for the perfect turnkey experience! Airy & bright with natural light from the extra windows & large sliding doors open to a spacious balcony overlooking the deep-water marina & sparkling Atlantic. Whether ...

Listing Details MLS# 617095

Location, Tax & Legal

Street #
97501
Street Name
Overseas
Street Suffix
Highway
Key/Island
Key Largo
State/Province
FL
Zip Code
33037
County
Monroe
Subdivision
Key Largo North - Marnier's Club (97.0)
Area
27 - Key Largo MM 97-107
Unit #
131
City
KEY LARGO
Mile Marker
97
Marathon Neighborhood
N/A
Side
Ocean
Flood Zone
AE
Alternate Key #
9080440
Parcel #
00554893-000131
Bldg Nbr
Yes
Zoning
SR - Sub Urban Residential District
Deed Restrictions
Unknown
Legal
UNIT 131 THE DOLPHIN AT MARINERS CLUB A CONDO OR2096-8/10 OR2352-138/40 OR2382-2290/91 OR2595-586/88
Taxes
11575.67
Tax Year
2025
Pub Sewer HkUp
Yes

Contract Information

Listing Board
Florida Keys

General Property Description

Realtor.COM Type
Residential - Condo/Townhouse
Style
Condo
Waterfront
Yes
Control Depth
4
Unit/Complex
Unit
Pool
Yes
Year Built
2004
Lot Sqft Source
Tax Records
Living Apx SqFt
2635
SqFt Source
Tax Records
Total Bedrooms
4
Full Baths
3
Total Baths
3
Floor Number
3
Rentals Allowed
Yes
Min Rental Days
Yes
Lot SqFt
0
Total Units
0

Association Info

Mandatory Home Owners Asc
Yes
1st Right of Refusal
No
Assoc Approval Req
Yes
Association Fee $
4262.62
Maintenance Fee $
2995.16
Assoc/Mnt Fee Per
Quarterly

Building Style

Above Flood
Yes

More Information

Pool Info

Heated
Yes
In Ground
Yes

Remarks & Misc

Remarks – Consumer
EXCEPTIONAL OCEANFRONT 4 BEDROOM TOP FLOOR PENTHOUSE in exclusive Mariners Club. The ONLY top floor 4 bedroom for sale in the community, this penthouse presents a rare opportunity for both personal enjoyment & income generation. You're gaining a proven, successful rental history with 50 VRBO reviews of 10/10 & 38 five-star reviews on Barefeet Rentals giving you an established guest following that has taken years to develop. This property is well positioned for a seamless transition to new ownership. Historically, this condo has commanded over $10K per month in gross rental revenue, based on this trend & seasonal demand projected annual rental income could exceed $100K! This expansive corner condo is beautifully updated with modern decor, fresh paint, & stylish new furniture - curated for the perfect turnkey experience! Airy & bright with natural light from the extra windows & large sliding doors open to a spacious balcony overlooking the deep-water marina & sparkling Atlantic. Whether you're admiring your boat from the deck or soaking up the breathtaking sea views drink in hand, this home defines luxurious relaxation. The primary suite enjoys open water views, access to the balcony & features an ensuite bath with walk in closet, jet tub, & marble shower. Three additional bedrooms, 2 additional full baths, & laundry room complete the layout. Desirable upgrades include travertine floors, crown molding, impact windows, rounded drywall corners, & gourmet kitchen with granite counters & stainless appliances. Take advantage of all the resort style amenities Mariners Club is known for: two large pools, a grotto hot tub, private marina w/ dry stack boat storage & in/out service, a gym, & both INDOOR & outdoor pickleball courts. This penthouse presents an exceptional opportunity for both personal enjoyment & income generation. Whether you choose to maximize rental income or enjoy it as a personal retreat, this offers the ideal blend of luxury & profitability!
Directions
Mile marker 97 oceanside, gated, need agent to enter

Fee Includes

Bldg Exterior Mnt
Yes
Building Insurance
Yes
Cable
Yes
Common Area Mnt
Yes
Exterminating
Yes
Security
Yes
Sewer
Yes
Water
Yes

Dockage

Dock Privileges
Yes

Tax Exemptions

None
Yes

Appliances

Dishwasher
Yes
Disposal
Yes
Dryer
Yes
Microwave
Yes
Oven
Yes
Range
Yes
Refrigerator
Yes
Stainless Steel Appliance(s)
Yes
Washer
Yes

Cooling

Ceiling Fans(s)
Yes
Central Air
Yes

Heating

Central
Yes

Waterfront

Oceanfront
Yes
Open Water
Yes

Waterview

Harbor/Marina View
Yes
Ocean View
Yes
Open Water View
Yes

Floor

Marble
Yes
Tile
Yes

Neighborhood Feature

Beach
Yes
Bike Paths
Yes
Clubhouse
Yes
Community Dockage
Yes
Community Pool
Yes
Fire Hydrant
Yes
Manager on Premises
Yes
Tennis Courts
Yes

Interior Features

Bar
Yes
Drapes/Blinds Incl
Yes
Entrance Foyer
Yes
Granite Counter Top
Yes
Smoke Alarms
Yes
Split Bedroom
Yes
Storage
Yes
Walk-in Closet(s)
Yes
Whirlpool Bath Tub
Yes

Specialty Rooms

Laundry Room
Yes
Utility Room
Yes

Windows/Doors

Impact Rstnce Doors
Yes
Impact Rstnce Window
Yes

Vehicle Storage

Guest Parking
Yes
Open Parking
Yes

Security

Electric Gate
Yes
Manned Gate
Yes
Patrolled Area
Yes

Construction

CBS
Yes
Concrete
Yes

Land Size

10 or more Acres
Yes

Furnished

Furnished
Yes
Negotiable
Yes

Terms

Cash
Yes
Conventional
Yes

Utilities

FKAA
Yes
Municipal Sewer
Yes

Porch/Balcony

Open Porch/Balcony
Yes

Title

Title Ins - Buyer
Yes

Exterior Features

Bar
Yes
Hot Tub
Yes
Sprinkler System
Yes
Tennis Court(s)
Yes
Water Display
Yes

Pre-Wired

Cable
Yes

Roof

Concrete Roof
Yes

Accessibility Feat

Accessible Elevator Installed
Yes
Accessible Kitchen
Yes
Parking
Yes
Wheelchair Ramp
Yes

Property Features

Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Exterminating; Security; Sewer; Water Tax Exemptions: None Waterfront: Oceanfront; Open Water Waterview: Harbor/Marina View; Ocean View; Open Water View Dockage: Dock Privileges Vehicle Storage: Guest Parking; Open Parking Furnished: Furnished; Negotiable Cooling: Ceiling Fans(s); Central Air Heating: Central Utilities: FKAA; Municipal Sewer Interior Features: Bar; Drapes/Blinds Incl; Entrance Foyer; Granite Counter Top; Smoke Alarms; Split Bedroom; Storage; Walk-in Closet(s); Whirlpool Bath Tub Pre-Wired: Cable Specialty Rooms: Laundry Room; Utility Room Appliances: Dishwasher; Disposal; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Bar; Hot Tub; Sprinkler System; Tennis Court(s); Water Display Accessibility Feat: Accessible Elevator Installed; Accessible Kitchen; Parking; Wheelchair Ramp Pool Info: In Ground Construction: CBS; Concrete Floor: Marble; Tile Roof: Concrete Roof Neighborhood Feature: Beach; Bike Paths; Clubhouse; Community Dockage; Community Pool; Fire Hydrant; Manager on Premises; Tennis Courts Security: Electric Gate; Manned Gate; Patrolled Area Land Size: 10 or more Acres Terms: Cash; Conventional Title: Title Ins - Buyer
Listing Office: American Caribbean Real Estate, Christie's International Real Estate
Last Updated: April - 21 - 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.