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KAROL MARSDEN, PA          305-395-1975          karolrealtor@gmail.com

126 3rd Lane, Key Largo, FL 33037

$1,225,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,199 Lot Size (sq. ft.): 6,900 Status: Active
Current Price: $1,225,000 List Date: 7/09/2026 Last Modified: 8/20/2026

Description

Opportunity is knocking to create your ideal Florida Keys retreat. Nestled in a quiet neighborhood, this canal front stilt home features a spacious upstairs with 2 bedrooms, 2 full bathrooms and a large loft perfect for a home office or 3rd bedroom. The ground level expands the possibilities with a covered patio overlooking the canal and a versatile studio apartment/rec room complete with a full bathroom--ideal for guests or indoor/outdoor entertaining. The property features 45ft of dockage and a private ramp that can accommodate jet skis, kayaks, paddleboards or a small skiff. Get lost in paradise exploring the many creeks within Largo Sound and John Pennekamp State Park. This location also offers boating access to both the Atlantic Ocean and Florida Bay through South Creek Sound or Adams Cut. Great location near plenty of amazing restaurants, shopping and grocery. Whether you're searching for a full-time residence, weekend getaway, or investment property, this home offers solid bones, a desirable layout, and the chance to create something truly special in one of Key Largo's most sought-after boating communities. TENANT OCCUPIED, DO NOT ENTER PROPERTY WITHOUT PERMISSION.

More Information MLS# 620570

Contract Information

Listing Board: Florida Keys Current Price: $1,225,000 Listing Date: 2026-07-09 List Price: $1,225,000

Location, Tax & Legal

City: KEY LARGO Mile Marker: 102 Marathon Neighborhood: N/A Side: Ocean Alternate Key #: 1670855 Parcel #: 00547211001600 Zoning: RM-1 - Residential Medium - 1 Deed Restrictions: No Legal: Bk 7 Lt 16 Amended Plat Of Winston Waterways No 2 Key Largo Pb6-27 Or706-305 Or814-1229 Or814-1231 Or998-2012 Or998-2013 Taxes: 8216.28 Tax Year: 2025 Pub Sewer HkUp: Yes Street #: 126 Street Name: 3rd Street Suffix: Lane Key/Island: Key Largo State/Province: FL Zip Code: 33037 County: Monroe Subdivision: Winston Waterway (102.0) Area: 27 - Key Largo MM 97-107

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: Yes Control Depth: 4 Lot Size: 60 X 115 Lot SqFt: 6900 Pool: No Acres: 0.15 SqFt Source: Property Data Card Rentals Allowed: With Restrictions Min Rental Days: 28 Style: Single Family Year Built: 1984 Living Apx SqFt: 2199 Total Bedrooms: 3 Full Baths: 3 Total Baths: 3

Remarks & Misc

Remarks – Consumer: Opportunity is knocking to create your ideal Florida Keys retreat. Nestled in a quiet neighborhood, this canal front stilt home features a spacious upstairs with 2 bedrooms, 2 full bathrooms and a large loft perfect for a home office or 3rd bedroom. The ground level expands the possibilities with a covered patio overlooking the canal and a versatile studio apartment/rec room complete with a full bathroom--ideal for guests or indoor/outdoor entertaining. The property features 45ft of dockage and a private ramp that can accommodate jet skis, kayaks, paddleboards or a small skiff. Get lost in paradise exploring the many creeks within Largo Sound and John Pennekamp State Park. This location also offers boating access to both the Atlantic Ocean and Florida Bay through South Creek Sound or Adams Cut. Great location near plenty of amazing restaurants, shopping and grocery. Whether you're searching for a full-time residence, weekend getaway, or investment property, this home offers solid bones, a desirable layout, and the chance to create something truly special in one of Key Largo's most sought-after boating communities. TENANT OCCUPIED, DO NOT ENTER PROPERTY WITHOUT PERMISSION.

Association Info

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

Fee Includes

None: 1

Dockage

Dock Length: 45 Dock: Composite Boat Ramp: 1

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1 Washer: 1

Pets

Pets Allowed: 1

Cooling

Central Air: 1 Ductless: 1

Heating

Central: 1

Waterfront

Canal Front: 1

Waterview

Canal View: 1

Floor

Laminate: 1 Tile: 1

Property Condition

Fixer Upper: 1

Specialty Rooms

Laundry Room: 1 Loft: 1

Building Style

Above Flood: Unknown

Vehicle Storage

Carport: 1

Construction

Frame: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Unfurnished: 1

Terms

Cash: 1 Conventional: 1

Utilities

FKAA: 1 Propane: 1

Porch/Balcony

Open Porch/Balcony: 1

Roof

Metal Roof: 1

Shutters

Accordion: 1 Panel: 1

Status Change Info

Status: Active

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: Canal Front Waterview: Canal View Dockage: Boat Ramp Property Condition: Fixer Upper Vehicle Storage: Carport Furnished: Unfurnished Cooling: Central Air; Ductless Heating: Central Utilities: FKAA; Propane Specialty Rooms: Laundry Room; Loft Appliances: Dishwasher; Disposal; Dryer; Microwave; Oven; Range; Refrigerator; Washer Construction: Frame Shutters: Accordion; Panel Floor: Laminate; Tile Roof: Metal Roof Pets: Pets Allowed Land Size: Less Than 1/4 Acre Terms: Cash; Conventional
Listing Office: Palm House Real Estate
Last Updated: August - 20 - 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.