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About This Home

This 5-bedroom, 4-bathroom residential multi family at 34 Atlantic Drive in Key Largo, FL is listed for $2,890,000 ($929 per sqft). Built in 1943, the home offers 3,112 sqft of living space on a 0.98 acres lot.

Agent Description

Huge Direct Oceanfront Compound -- One-of-a-Kind with 276-Foot Concrete Dock Adjacent to World-Famous John Pennekamp, Coral Reef State Park & Molasses Reef. Discover a truly exceptional and private oceanfront compound designed for boating enthusiasts, investors, or multi-generational living.

Spread across three expansive lots, this rare property includes two distinct homes and direct water access -- a combination that's nearly impossible to find in today's market. The primary residence features a Modern Style 3 bedrooms and 2 full baths, offering bright, comfortable living spaces and sweeping ocean views.

The second home, complete Modern Style 2 bedrooms and 2 baths on a separate meter, is ideal for guests, or extended family. Step outside to unparalleled oceanfront living with a 276-foot concrete dock, perfect for accommodating large vessels, fishing, and launching watercraft.

The grounds offer generous room for entertaining, expansion, or simply enjoying the peaceful surroundings of this secluded coastal haven. Highlights: 3 lots with two homes and a 276-ft dock, Turn-Key Direct ocean access -- idea for boating on the Ocean or Bay. Steps from John Pennekamp Coral Reef State Park Perfect for entertaining, investing, or creating a family retreat Unmatched privacy and coastal lifestyle potential.

Key Features

  • Built in 1943
  • 0.98 acre lot
  • Private pool
  • Waterfront

Property Details

1 story
4 full
1943

Amenities

PoolWaterfrontViewA/CRV Parking

Monthly Cost Estimate

$15,456/mo

20% down · 6.5% · 30 years

Principal$2,090
Interest$12,523
Insurance$843

Estimates only. Actual payments may vary.

Location

34 Atlantic Drive

Key Largo, FL 33037

Ocean Reef Shores (905.0)

Features & Amenities

Interior Features

Granite Counter TopWalk-in Closet(s)

Exterior Features

Built-in GrillLightingOutdoor Kitchen

Property Details

Flooring

Tile

Construction

CBS Concrete

Views

Ocean

Pool Features

PatioPorch

Parking

RV

Heating

Central

Cooling

Central Air

Appliances

More AppliancesWasherDryerDishwasherRefrigeratorRangeOvenMicrowaveStainless Steel Appliance(s)

Questions & Answers

This 5-bedroom, 4-bathroom residential multi family at 34 Atlantic Drive is listed at $2,890,000 ($929/sqft). The estimated monthly payment is $12,523 based on 20% down at 6.5% interest.

Key features include: Built in 1943, 0.98 acre lot, Private pool, Waterfront. Interior Features: Granite Counter Top, Walk-in Closet(s). Exterior Features: Built-in Grill, Lighting, Outdoor Kitchen.

This property is listed by Tracey E. Petrusha and can be reached at 3058961080 or traceypetrusha.realtor@gmail.com.

TP

Tracey E. Petrusha

Agent at Venture Realty Group

(305) 896-1080

Listed by Venture Realty Group · View on Broker Site

MLS# 619621· Source: listhub· Updated 38 days ago

Copyright © 2026 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

34 Atlantic Drive, Key Largo, FL 33037

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