$1,899,000
Key Largo, FL 33037
MLS# 617095
4 beds | 3 baths | 2635 sqft
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Property 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 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!
Details
Maps
Contract Information
Listing Board: Florida Keys
Current Price: $1,899,000
Listing Date: 2025-10-22
List Price: $1,899,000
Location, Tax & Legal
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: 1
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
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
General Property Description
Realtor.COM Type: Residential - Condo/Townhouse
Waterfront: Yes
Control Depth: 4
Lot SqFt: 0
Unit/Complex: Unit
Pool: Yes
Lot Sqft Source: Tax Records
Total Units: 0
SqFt Source: Tax Records
Rentals Allowed: Yes
Min Rental Days: 1
Floor Number: 3
Style: Condo
Year Built: 2004
Living Apx SqFt: 2635
Total Bedrooms: 4
Full Baths: 3
Total Baths: 3
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
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Assoc Approval Req: Yes
Association Fee $: 4262.62
Maintenance Fee $: 3561.88
Assoc/Mnt Fee Per: Quarterly
Fee Includes
Bldg Exterior Mnt: 1
Building Insurance: 1
Cable: 1
Common Area Mnt: 1
Exterminating: 1
Security: 1
Sewer: 1
Water: 1
Dockage
Dock Privileges: 1
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Microwave: 1
Oven: 1
Range: 1
Refrigerator: 1
Stainless Steel Appliance(s): 1
Washer: 1
Cooling
Ceiling Fans(s): 1
Central Air: 1
Heating
Central: 1
Waterfront
Oceanfront: 1
Open Water: 1
Waterview
Harbor/Marina View: 1
Ocean View: 1
Open Water View: 1
Floor
Marble: 1
Tile: 1
Neighborhood Feature
Beach: 1
Bike Paths: 1
Clubhouse: 1
Community Dockage: 1
Community Pool: 1
Fire Hydrant: 1
Manager on Premises: 1
Tennis Courts: 1
Interior Features
Bar: 1
Drapes/Blinds Incl: 1
Entrance Foyer: 1
Granite Counter Top: 1
Smoke Alarms: 1
Split Bedroom: 1
Storage: 1
Walk-in Closet(s): 1
Whirlpool Bath Tub: 1
Specialty Rooms
Laundry Room: 1
Utility Room: 1
Building Style
Above Flood: Yes
Windows/Doors
Impact Rstnce Doors: 1
Impact Rstnce Window: 1
Vehicle Storage
Guest Parking: 1
Open Parking: 1
Security
Electric Gate: 1
Manned Gate: 1
Patrolled Area: 1
Construction
CBS: 1
Concrete: 1
Land Size
10 or more Acres: 1
Furnished
Furnished: 1
Negotiable: 1
Terms
Cash: 1
Conventional: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Porch/Balcony
Open Porch/Balcony: 1
Title
Title Ins - Buyer: 1
Exterior Features
Bar: 1
Hot Tub: 1
Sprinkler System: 1
Tennis Court(s): 1
Water Display: 1
Pool Info
In Ground: 1
Heated: Yes
Pre-Wired
Cable: 1
Roof
Concrete Roof: 1
Accessibility Feat
Accessible Elevator Installed: 1
Accessible Kitchen: 1
Parking: 1
Wheelchair Ramp: 1
Status Change Info
Status: Active
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 - 01 - 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.