# 34 Atlantic Drive, Key Largo, FL 33037

> **TL;DR:** 5bd/4ba residential multi family, $2,890,000 ($929/sqft), built 1943, 3,112 sqft.
> Pool, Waterfront, View, A/C. Est. $15,456/mo. Listed 154 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,890,000 |
| Price/sqft | $929 |
| Bedrooms | 5 |
| Bathrooms | 4 full |
| Square Feet | 3,112 |
| Year Built | 1943 |
| Lot Size | 42,689 sqft (0.98 acres) |
| Stories | 1 |
| Property Type | Residential Multi Family (Other) |
| Status | Active |
| Days on Market | 154 |

## Why This Home Stands Out

- **Pool** - Patio, Porch
- **Waterfront** - Waterfront location listed
- **Views** - Ocean

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $14,613 |
| Estimated Insurance | $843 |
| **Total** | **$15,456** |

## Key Amenities

- Pool
- Waterfront
- View
- A/C
- RV Parking

## Property Highlights

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

## Description

### 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. Seller will consider all reasonable offers.

## Location

- **Address:** 34 Atlantic Drive, Key Largo, FL 33037
- **County:** Monroe
- **Neighborhood:** Ocean Reef Shores (905.0)
- **Coordinates:** 25.189245, -80.352991
- **Google Maps:** https://www.google.com/maps?q=25.189245,-80.352991

## Virtual Tour & Media

- **Video Tour:** https://www.zillow.com/view-imx/62949941-6392-4b9d-9a88-f492fb7e1900?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

## Listing Agent

- **Name:** Tracey E. Petrusha · **License:** 651549
- **Brokerage:** LoKation Real Estate
- **Phone:** 3058961080
- **Broker Phone:** (954) 545-5583
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/34-Atlantic-Dr_Key-Largo_FL_33037_M53305-24153?f=listhub&s=FLKEYSMLSFL&m=619621&c=propsimple)

## Photos

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---

**MLS#:** 619621 | **Updated:** 2026-09-22
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/34-atlantic-drive-key-largo-fl-33037-l619621)

---

## Structured Data

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  "url": "https://www.propertysimple.ai/listing/34-atlantic-drive-key-largo-fl-33037-l619621",
  "name": "34 Atlantic Drive, Key Largo, FL 33037",
  "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. Seller will consider all reasonable offers.",
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