$17.9 Million An Opulent Waterfront Retreat in Key Largo, FL

September 13, 2023

Location: Key Largo, FL

Size: 0.60 Acres

Price: $17.9 Million

Specs: 5,113 sq ft

Year: 2014

Rooms: 5 bed – 6 bath

Situated in the paradisiacal setting of north Key Largo, just a stone’s throw away from Miami, 57 Garden Cove Dr presents an unparalleled investment and lifestyle opportunity.

Listed at $17,999,000, this stunning property, known as “Southern Diversion,” offers an impressive 5,113 square feet of living space spread across two levels.

Comprising 5 bedrooms and 6 bathrooms, this home is set on 0.60 acres of land with an extraordinary 350 feet of waterfront and enviable ocean-to-bay access.

Aside from serving as a luxurious residence, the property doubles as an active and sought-after wedding venue and vacation rental, making it an income-generating asset.

With a whopping $3,520 price per square foot, the residence emphasizes its exclusivity and the array of amenities it provides.

Interior Elegance Meets Functional Design

The home, constructed in 2014, offers a wealth of sophisticated features and amenities.

The flooring is a harmonious blend of marble and tile, adding a touch of luxury to every step.

Central heating ensures warmth in the cooler months, while ceiling fans and central air conditioning offer a respite from the Florida heat.

The home includes state-of-the-art appliances such as a dishwasher, gas range, microwave, and stainless steel refrigerator, ensuring functionality aligns with style.

Distinguishing features like a bar area, cathedral ceilings, and an entrance foyer add to the property’s charm.

In terms of interior décor, the home comes furnished and is ready for immediate occupancy.

Its design is enhanced by impact-resistant doors and windows, reinforcing both safety and aesthetic appeal.

Resort-Style Amenities with Income-Generating Potential

One of the standout features of this property is its multi-use zoning, allowing it to function as a private residence, a vacation rental, and an event venue.

Imagine hosting waterfront weddings or luxury corporate retreats from the comfort of your own home! Accessibility features like installed elevators make the property hospitable to all guests.

The exterior includes a fenced-in, in-ground pool, and a sprinkler system, along with additional storage space.

Open porches and balconies offer stunning views of the canal, harbor, and marina.

If that’s not enough, the property also features a chickee hut, perfect for a tiki bar setup or a shaded relaxation spot.

Unbeatable Waterfront and Boating Facilities

With more than 350 feet of waterfront, the property is a boater’s dream. Notably, its location just south of the Jewfish Creek Bridge ensures quick and easy access to both the ocean and the bay, maximizing the range of boating activities and fishing destinations available.

The property provides protected 30-foot and 70-foot docks on an inside canal, making it suitable for multiple or large boats.

Whether you’re interested in sport fishing, leisurely bay cruises, or ocean adventures, this property has the location and facilities to make it all possible.

Location, Community, and Security

Situated in the Ocean Isle Estates subdivision of Key Largo, the property enjoys a privileged location.

An electric gate fortifies the residence, offering security and peace of mind.

With cable and propane utilities readily connected, the home provides all the conveniences one would expect from a modern, luxury residence.

Summary

57 Garden Cove Dr in Key Largo is not just a home; it’s a lifestyle and investment rolled into one.

The property’s multi-use functionality, upscale features, and unbeatable waterfront make it a unique offering in today’s real estate market.

With plans for future expansion through an additional guest home, the property promises not just immediate luxury and comfort but also long-term investment potential.

Whether you’re looking for a luxurious home, a venue to host weddings and events, or a vacation rental property, 57 Garden Cove Dr offers a blend of all these elements.