May's price acceleration was not a one-month blip. June pushed it further: compared to June 2025, the median sale price climbed 30% to $1,100,000 in June 2026, easily the strongest year-over-year gain of 2026, and it happened while both active inventory and new listings shrank.

June 2026 Key Takeaway: Florida Keys home prices climbed to a $1,100,000 median in June 2026, a 30% increase over June 2025 and the sharpest year-over-year gain of the year. The jump coincided with a shrinking supply of homes — active listings down 9.5%, new listings down 7% — while pending sales rose 13%, pointing to continued price pressure favoring sellers.

Florida Keys Residential Market Report: June 2026 vs. June 2025

The number that stands out is not just the 30% price jump, it is what happened around it. From June 2025 to June 2026, active inventory dropped 9.5% and new listings fell 7%, so supply contracted on both sides at the same time demand kept climbing. Pending inventory rose 20%, new pending sales rose 13%, and closed sales were up 7.9% over the same period.

This is the absorption story from the past few months compounding. Supply is not just failing to keep pace with demand anymore, it is actively shrinking.

Key Market Highlights — Florida Keys Residential Market, June 2026 vs. June 2025

Why Are Florida Keys Home Prices Rising in Summer 2026?

Last month I called May the point where a backlog of contract activity started catching price up to demand. In my view, June shows that was not a peak, it was a pivot. Sellers pulled back too, with new listings down 7% year-over-year, which means the supply side is now working against buyers instead of just failing to help them.

In my experience, a market rarely posts its largest price gain of the year and then cools the next month. Pending inventory up 20% from June 2025 and new pending sales up 13% both point to more closings ahead, and with active inventory already down 9.5% year-over-year, there is little cushion to absorb that demand without price climbing further.

A Word to Buyers

The gap between what buyers hoped for and what the market is delivering just widened. Six months ago the conversation was about softening prices. Now the median price is up 30% from June 2025 to June 2026, and there are fewer homes to choose from than there were a year ago.

If you are waiting on mortgage rates to ease before buying, keep in mind that a large pool of buyers is doing the same thing, and shrinking inventory means that pool is competing for a smaller pie every month this trend continues. Cash buyers are not shielded from this either. There is no rate reason to wait, and the numbers say waiting has cost buyers real money every month since spring.

With new listings down and pending inventory up compared to a year ago, the imbalance driving this price growth shows no sign of easing. Browse current Key Largo homes for sale or explore Florida Keys luxury properties to see where today's median price puts you.

Florida Keys Real Estate — Frequently Asked Questions

What is the Florida Keys real estate market doing in June 2026?

It just posted its strongest price growth of the year. Compared to June 2025, the median sale price jumped 30% to $1,100,000, closed sales were up 7.9%, and new pending sales rose 13%. Active inventory fell 9.5% and new listings dropped 7% over the same period, so supply is shrinking as demand grows.

Is inventory increasing in the Florida Keys?

No. Active inventory came in at 1,418 in June 2026, down 9.5% from June 2025. New listings also fell, down 7% to 185 over the same period, meaning both current supply and the pipeline replenishing it contracted at the same time.

What is the median sale price in the Florida Keys?

The median sale price for residential properties was $1,100,000 in June 2026, up 30% from June 2025. That is the largest year-over-year gain recorded in 2026, well ahead of the 12% gain seen in May.

Is it a good time to buy a home in the Florida Keys?

In my view, waiting is the bigger risk right now. Active inventory and new listings both fell from June 2025 to June 2026 while prices accelerated, a pattern that tends to build momentum rather than reverse mid-season. Jim Signor - Florida Keys Real Estate has tracked this market since 1988, and buyers who move while quality options still exist tend to fare better than those waiting for a pullback the data simply doesn't support.

For the past several months, Florida Keys buyers had a window where prices were easing even as demand stayed strong. May closed that window. The median sale price jumped 12% year-over-year to $965,000, matching January for the strongest price gain we have seen in 2026.

The standout number this month is that price jump landing on top of inventory that barely moved. Active inventory was down just 0.8% from a year ago, essentially flat, while closed sales rose 15% and new pending sales climbed 9.1%.

This is the absorption story finally showing up where it matters most. Tight supply plus sustained demand is now translating directly into price.

Key Market Highlights — Florida Keys Residential Market, May 2026

• ▼ Active Inventory: 1,626 — down 0.8% from a year ago
• ▲ Pending Inventory: 246 — up 22% from a year ago
• ▲ Closed Sales: 209 — up 15% from a year ago
• ▲ New Listings: 265 — up 5.2% from a year ago
• ▲ New Pending Sales: 179 — up 9.1% from a year ago
• ▲ Median Sale Price: $965,000 — up 12% from a year ago

What the Numbers Are Telling Us

A few months ago, the story here was demand running ahead of price. Inventory was tightening, contracts were piling up, and the median sale price had not yet caught up to that activity. In my view, May is the month that caught up. A 12% price gain alongside flat inventory is exactly what you would expect once a backlog of contract activity starts closing.

In my experience, this kind of shift does not reverse quickly. Pending inventory is still up 22% from a year ago, which points to continued upward pressure on price through the summer. New listings did tick up 5.2%, so sellers are responding, but not at a pace that has loosened the market yet.

A Word to Buyers

The price softness many buyers were counting on earlier this year has reversed. With active inventory essentially unchanged and the median price up double digits year-over-year, the leverage buyers had in late 2025 and early 2026 has largely faded.

If you are waiting for mortgage rates to drop before you buy, it is worth remembering you are not the only one waiting. A large pool of buyers is watching the same headlines, and when rates do ease, many of them tend to move at once. That is added competition layered on top of inventory that is already tight, not a quiet opportunity. Cash buyers face a different version of the same problem. There is no financing reason to wait, so sitting on the sidelines mainly means watching the median price keep climbing while supply stays flat.

Pending inventory up 22% suggests this trend has more room to run before it slows. Browse current Florida Keys homes for sale to see what is on the market now, or visit the Florida Keys Real Estate Blog for ongoing coverage.

Florida Keys Real Estate — Frequently Asked Questions

What is the Florida Keys real estate market doing in May 2026?

It is running hot on both volume and price. Closed sales were up 15% from a year ago, new pending sales rose 9.1%, and the median sale price jumped 12% to $965,000. Inventory stayed essentially flat, which is why that demand is now showing up in price rather than just transaction count.

Is inventory increasing in the Florida Keys?

Not meaningfully. Active inventory came in at 1,626 in May, down 0.8% from a year ago. New listings rose 5.2% to 265, a modest improvement, but not enough to offset the pace of sales and keep overall supply growing.

What is the median sale price in the Florida Keys?

The median sale price for residential properties was $965,000 in May 2026, up 12% from a year ago. That matches January for the largest year-over-year gain of 2026 so far, following a stretch where prices had been flat to slightly negative.

Is it a good time to buy a home in the Florida Keys?

In my view, buyers still have options, but the advantage has shifted. Inventory remains tight and price growth just accelerated sharply. Waiting on rates to drop or hoping cash gives you more time both carry the same risk: everyone else is watching the same conditions you are. Jim Signor - Florida Keys Real Estate has tracked this market since 1988, and a pattern like this, strong pending activity feeding into price, tends to keep building before it slows down.

Some homes earn their reputation through location alone. Others earn it through what someone was willing to put into them. This one does both.

28 Mutiny Place, Buccaneer Point, Key Largo. Photo courtesy Maris Delgado, LoKation Real Estate.

28 Mutiny Place sits on a gated third-of-an-acre lot in Buccaneer Point, one of Key Largo's most recognized bayside communities near Mile Marker 98. The setting is a private saltwater lake framed by tropical fish, exotic birdlife, and the kind of sunsets that stop a conversation. The home itself has been fully updated.

View details and current price for 28 Mutiny Place.

The Outdoor Life This Home Was Built For

The exterior is where this property makes its clearest statement. A custom tiki hut with a wrap-around bar and built-in grill, an oversized rainfall outdoor shower, and a massive wrap-around balcony with unobstructed lake views make this yard as livable as the interior. Launch kayaks and paddleboards from your own backyard. Watch great white herons work the shoreline from the balcony. The fully gated grounds offer exceptional privacy, with abundant parking for a boat trailer, RV, or guests.

View of the saltwater lake from the wrap-around balcony.

The outdoor kitchen is not an afterthought. This is a dedicated cooking and entertaining space designed for the way people actually live in the Keys - outside, most of the time.

Inside: Updated Without Apology

Travertine tile floors run through the main living level. The open-concept layout is drenched in natural light. The kitchen centers on a massive quartz island with bar seating, high-end stainless appliances, and sleek modern cabinetry. It's the kind of kitchen that works for a private dinner or a full house of guests equally well.

The bathrooms are genuine showstoppers. Floor-to-ceiling hand-painted tile walls, premium fixtures, and bold modern design that reads anything but builder-grade.

The big-ticket items are handled: brand new impact windows and doors, newer roof, newer AC system, all new ductwork and insulation. A whole-home water softener system rounds it out. This is not a home where the buyer inherits deferred maintenance.

The Water Side of the Equation

Buccaneer Point occupies a bayside peninsula where Florida Bay and Buttonwood Sound meet. Boaters moving between the two bays navigate Baker's Cut at the northern tip, one of the more recognizable landmarks in the Upper Keys.

Aerial view of Buccaneer Point, Key Largo.

The north lake at Buccaneer Point is a private enclosed saltwater lake. No through-traffic, no boat wakes - just still water with wildlife and sky. It is one of the more peaceful settings you will find in Key Largo real estate.

For residents who want on-water access, the neighboring Pirate's Cove association offers an optional annual membership for around $250 per year. That gets you access to their community boat ramp and bay access without the bayfront premium baked into the purchase price.

The Investment Case

Rentals are allowed at 28 Mutiny Place with a 28-day minimum. The fully updated interior, outdoor living space, lakefront setting, and location within a well-established community make this a strong candidate for seasonal vacation rental income. Furniture is negotiable, which means a buyer could be operational quickly.

Fully renovated homes with current storm protection in Buccaneer Point are not common. This one is move-in ready on day one.

About This Listing

28 Mutiny Place is listed by Maris Delgado of LoKation Real Estate. This post was produced by Jim Signor - Florida Keys Real Estate with the listing agent's permission.

To schedule a showing, visit schedulejim.com.

Frequently Asked Questions

What is 28 Mutiny Place in Buccaneer Point, Key Largo?

28 Mutiny Place is a fully updated 3-bedroom, 2-bath CBS elevated home on a saltwater lake in Buccaneer Point, one of Key Largo's most distinctive bayside communities. The property sits on 15,545 square feet with expansive lake views, a tiki hut outdoor kitchen, wrap-around balcony, and optional boat ramp access through the neighboring Pirate's Cove association.

Is Buccaneer Point on the ocean or bay side of Key Largo?

Buccaneer Point is on the bayside of Key Largo near Mile Marker 98, occupying a peninsula that divides Florida Bay from Buttonwood Sound. Homes face either open bay water or one of two saltwater lakes within the community.

Do Buccaneer Point homeowners have boating access?

The north lake in Buccaneer Point is enclosed with no direct boating access. However, residents can purchase an optional annual membership to the neighboring Pirate's Cove association for approximately $250 per year, which provides access to their community boat ramp.

Is 28 Mutiny Place in Buccaneer Point a good vacation rental?

28 Mutiny Place allows rentals with a 28-day minimum rental period. The fully updated interior, outdoor living space, and lakefront setting make it a strong candidate for seasonal vacation rental income when not in personal use.

What is the asking price for 28 Mutiny Place in Key Largo?

28 Mutiny Place is listed at $1,499,000. Prices on active listings can change - check the current listing for the latest status and price.

Most Key Largo sellers enter the market with a number in their head. Sometimes that number is right. More often, it's based on a neighbor's sale from eight months ago, a Zillow estimate calibrated for somewhere else, or nothing more than a feeling. The market doesn't care about any of that. What it cares about is what buyers are actually paying right now, in your neighborhood, for a property like yours.

That's what a market report tells you. Not a one-time snapshot, but an ongoing feed of real data filtered to what's actually comparable to your home.

Where Your Listing Gets Seen

Every agent puts listings on the MLS, and from there they feed to Zillow, Realtor.com, and the rest. That part is standard. What isn't standard is having a listing featured on a platform that Florida Keys buyers have been using since 2003, built specifically around the way people search for Keys real estate.

I've been selling Florida Keys real estate since 1988. The way buyers search has changed dramatically. Today many start with a specific subdivision or condo complex before they ever contact an agent.

KeysListings.com ranks in search results not just for broad terms but for subdivision names, condo complexes, and specific communities that buyers are already researching before they contact an agent. A listing featured there is being shown to buyers who are already searching for that community, subdivision, or property type.

Active Key Largo listings featured on KeysListings.com. Serious buyers often begin their search here.

That kind of targeted visibility is something only one agent can offer a seller at a time. It doesn't replace the MLS. It adds a layer that most listings never have.

One Number Is Never Enough

Key Largo is not one market. Property type, water access, and where a home sits within the island create real value differences that a countywide average will never capture. The same holds true across the Florida Keys. Whether you own in Islamorada, Marathon, or the Lower Keys, a report filtered to your specific community and waterfront type tells a very different story than a Monroe County average.

Sold prices in the last three to six months establish where buyers have actually been willing to write checks. Active inventory tells you how much competition you would face if you listed today. Days on market shows how quickly properties are moving and whether price reductions are becoming common in your segment.

Why Ongoing Beats One-Time

Most sellers check the market once, form an opinion, and either act on it or file it away. The problem is that a single snapshot can mislead. Florida Keys inventory shifts with the seasons. Check the market at one point in the year and again a few months later and you may be looking at two very different pictures.

Sellers who track the market over time develop a real feel for timing. They know when inventory is lean and buyer competition is up. They understand when similar homes are sitting and what that signals about pricing strategy. That context is hard to build from one quick look.

An automated report delivered to your inbox removes the friction. The data comes to you, filtered to what's relevant to your property, without you having to remember to go looking for it.

Even if you're not planning to sell immediately, tracking the market now helps you recognize favorable listing conditions before they pass.

Set Up Your Report

The automated market report at KeysListings.com lets you filter by island, community, property type, waterfront status, and price range. Set it for Key Largo broadly, or narrow it to your subdivision or condo complex for a tighter comparison set.

Reports arrive automatically once it's configured. No login required each time. You stay current on what's happening without having to go looking for it.

Set up your free Key Largo market report at keyslistings.com/search/market_report_search/

Frequently Asked Questions

What does a Key Largo real estate market report show?

A Key Largo market report tracks recent sold prices, active listings, days on market, and price trends in your specific neighborhood or property type. It gives sellers an ongoing picture of where the market stands before they decide to list.

How often does the Key Largo real estate market change?

Key Largo inventory levels and pricing can shift noticeably from season to season. Waterfront properties respond to buyer demand cycles tied to snowbird season, interest rate movement, and overall Florida Keys inventory. Tracking the market over several months gives sellers a much clearer picture than a single snapshot.

What factors affect home values in Key Largo?

Key Largo home values are driven by waterfront type, dock and boat lift access, flood zone designation, lot size, condition, and location. The same is true across the Florida Keys, including Islamorada, Marathon, and the Lower Keys, where a report filtered to your specific community tells a very different story than a countywide average.

Why does it matter where a Key Largo home is listed online?

Most platforms show Keys listings the same way they show listings everywhere else. KeysListings.com is built specifically for Florida Keys buyers, with neighborhood-level and subdivision-specific pages that rank in search results for the exact communities buyers are researching. That depth of coverage puts individual listings in front of buyers who are already focused on a specific area.

Florida Keys Residential Real Estate Market — April 2026 Quick Answer

The Florida Keys residential market is closing deals at a pace not seen in years, yet prices have barely moved. Closed sales jumped 22% year-over-year in April, new pending sales climbed 21%, and active inventory hit its lowest point of 2026. The median sale price, meanwhile, slipped 1.1% to $890,000. That gap between demand and price is the most interesting story in this month's data.

When the market is this active and prices are still easing, buyers have a window. It may not stay open long.

Key Market Highlights — Florida Keys Residential Market, April 2026

• ▲ Closed Sales: 213 — up 22% from a year ago
• ▲ Pending Inventory: 267 — up 18% from a year ago
• ▲ New Pending Sales: 216 — up 21% from a year ago
• ▼ Active Inventory: 1,534 — down 9.6% from a year ago
• ▼ New Listings: 235 — down 8.2% from a year ago
• ▼ Median Sale Price: $890,000 — down 1.1% from a year ago

What the Numbers Are Telling Us

Closed sales and pending activity are both running 20%-plus above last year. New listings have trended lower all year, and active inventory in April is now nearly 10% below year-ago levels. That is a residential market absorbing homes faster than they are arriving. In most markets, that combination pushes prices up. In the Florida Keys right now, prices are holding flat or edging slightly lower. That is unusual, and it is worth paying attention to.

In my view, the price softness reflects deals that went under contract months ago at negotiated prices — closings are a lagging indicator. The contract activity we are seeing right now, with pending inventory up 18% and new pending sales up 21%, is what will show up in future closing data. If that pipeline holds, I would expect the median to firm back up as we move through summer. The Keys attract buyers who are committed to the lifestyle. That kind of demand does not tend to reverse quietly.

A Word to Buyers

April's data offers something that has been rare over the past few years: strong demand running alongside residential prices that have softened slightly from a year ago. That combination does not usually last. Inventory is at its lowest point of 2026, more buyers are under contract than at any comparable point last year, and the homes priced right are moving. The leverage that today's buyers have on price may compress as closings catch up to contract activity.

If you have been watching the Florida Keys market and waiting for the right moment, the numbers suggest that moment is now rather than later. Browse current Florida Keys homes for sale to see what is available, or visit the Florida Keys Real Estate Blog for ongoing market coverage.

Florida Keys Real Estate — Frequently Asked Questions

What is the Florida Keys real estate market doing in April 2026?

Running hot on volume, steady on price. Closed sales are up 22% from a year ago, new pending sales climbed 21%, and active inventory dropped to 1,534 — the lowest point of 2026. Buyers are active and deals are closing, but the median price has not yet reflected that level of demand.

Is inventory increasing in the Florida Keys?

No — supply has tightened every single month this year. Active inventory fell to 1,534 in April, down 9.6% from a year ago. New listings came in at 235, down 8.2%. Fewer homes are entering the market while buyer activity continues to rise.

What is the median sale price in the Florida Keys?

The median sale price for residential properties was $890,000 in April 2026, down 1.1% from a year ago. Prices have softened modestly even as sales volume has surged. That gap between demand and price is worth watching — it is not typical, and it may not last.

Is it a good time to buy a home in the Florida Keys?

In my view, yes — and April's data makes a compelling case. Buyers today are working in a market where residential prices have eased slightly from last year even as demand has strengthened considerably. That window tends to close as inventory tightens and absorption accelerates. Jim Signor - Florida Keys Real Estate has been tracking this market since 1988, and conditions like these tend to shift before most buyers realize it.

(Image courtesy of Terri Bodker, LoKation Real Estate, May 2026)

Most Keys listings promise the lifestyle. Then you see the canal - narrow, shallow, a long ride to open water - and the excitement fades fast. 437 Laguna Avenue is a different conversation. Wide canal, 50-foot concrete dock, boat lift, jet ski davits, heated pool, four bedrooms, furnished and ready. On a 14,215 square foot lot in Port Largo, this one actually delivers.

More photos and current pricing at the 437 Laguna Avenue listing page.

Port Largo is one of the most sought-after addresses in Key Largo. See all Port Largo homes for sale.

Quick Answers

• List Price: $3,150,000 as of May 2026 - see listing link above for current status
• Size: 2,168 sq ft of living space on a 14,215 sq ft lot
• Bedrooms / Baths: 4 bedrooms, 4 full bathrooms, including 2 primary suites
• Water Access: Canalfront, oceanside, 50-ft dock, boat lift, jet ski davits
• Pool: Heated in-ground pool and spa, concrete deck
• Rentals: Allowed with restrictions, 28-day minimum
• Condition: Furnished and move-in ready

Key Takeaways

• Furnished, move-in ready waterfront homes with dockage and a pool in Port Largo do not last long when well-priced - this is the kind of listing that draws serious buyers quickly.
• The 28-day rental minimum is a Monroe County requirement, not an HOA restriction. Buyers counting on rental income should factor that into their projections early.
• Port Largo's oceanside location means direct access to the reef and open Atlantic, with bayside access available via South Creek near Pennekamp and the Marvin Adams Waterway.

The Life This Home Supports

The owner's suite takes the entire third floor. Private balcony, soaking tub, separate shower, dressing table - three stories up, the balcony puts you above the neighborhood and out in the open air.

The main living level opens to a large balcony where the inside-outside line disappears. The kitchen behind it has wood cabinetry, granite countertops, and stainless-steel appliances. Move-in ready means exactly that.

Two primary suites means the home works for more than one way of living. Multigenerational use, serious guests, extended stays - the layout gives everyone their own space without anyone feeling crowded.

Outside, a fully fenced yard wraps around a heated pool and spa with covered areas that work as well for a crowd as they do for a quiet evening. A ground-level recreation room connects directly to the pool deck.

The Water Side of the Equation

In Key Largo, not all water access is equal. Oceanside versus bayside, canal width, control depth, dock length - these details define what you can actually do with a property. At 437 Laguna Avenue, the details line up. Fifty feet of concrete dock, a boat lift, jet ski davits, and Port Largo canals that are among the widest in Key Largo. Room to maneuver a center console or a sportfish boat without holding your breath.

Oceanside access is direct. When you want the bayside, South Creek near Pennekamp and the Marvin Adams Waterway get you there. Both sides of the island, one address.

Buyers shopping Key Largo waterfront homes often discover too late that the water access they assumed and the water access they got are two different things. This address does not leave room for that surprise.

Port Largo: What the Neighborhood Delivers

Port Largo is a well-established oceanside boating neighborhood near Mile Marker 100. The canals connect directly to the Atlantic. Boats move through here daily - the African Queen runs canal cruises through Port Largo out to open water, which tells you something about the character of the neighborhood. This is an active boating community, not a quiet cul-de-sac.

The voluntary Port Largo HOA provides access to a community park and boat ramp - useful for owners without direct dockage, and a practical amenity for anyone keeping a second boat or a PWC in the water. Key Largo Community Park is close by, and the Jacobs Aquatic Center is a short ride away. Restaurants and shopping are right there at Mile Marker 100. Card Sound Road gives you a clean alternate route to the mainland when you need it.

Inventory in Port Largo moves. When a home with private dockage, a pool, and move-in condition comes up, buyers who know the neighborhood do not wait.

Before You Schedule a Showing

Showings are by appointment. Schedule time with me here and I will coordinate access. The property requires agent accompaniment, so plan accordingly before you make the drive.

The furnished, move-in ready condition matters more than it might seem on paper. Building new in the Keys means permits, contractors, and timelines that rarely go as planned. This home skips all of that.

Flood Zone AE applies, as it does for most canalfront properties in Monroe County. Get flood insurance quotes early - it is a carrying cost that belongs in your numbers from day one, not a surprise at closing.

Jim Signor - Florida Keys Real Estate has been working the Key Largo market for decades. If you want context on this property or want to know how it sits relative to what else is active, reach out directly.

Frequently Asked Questions

What is the list price for 437 Laguna Avenue in Port Largo?

The home was listed at $3,150,000 as of May 2026. Prices on active listings can change - check the current listing for the latest status before making any decisions.

Is 437 Laguna Avenue in Port Largo a waterfront home?

Yes. The property is canalfront in Port Largo with 50 feet of dockage, a boat lift, jet ski davits, and direct oceanside access. Port Largo is one of Key Largo's established oceanside neighborhoods, putting you close to the reef and open Atlantic.

How many bedrooms and bathrooms does 437 Laguna Avenue have?

The home has 4 bedrooms and 4 full bathrooms across three stories, including 2 primary suites. The owner's suite occupies the entire third floor with a private balcony, soaking tub, and separate shower.

Is this Port Largo home available for short-term rental?

Rentals are allowed with restrictions. The minimum rental period is 28 days, consistent with Monroe County vacation rental regulations. Buyers planning to use rental income to offset carrying costs should factor that restriction into their analysis before closing.

Is now a good time to buy a waterfront home in Port Largo?

Waterfront inventory in Port Largo stays tight regardless of broader market conditions. Furnished, move-in ready homes with private dockage and a heated pool at this scale do not cluster up. When one comes available, the window tends to be short.

What makes Port Largo one of Key Largo's most desirable neighborhoods?

Port Largo is a well-established oceanside boating neighborhood near Mile Marker 100 with a canal grid that connects directly to the Atlantic. The voluntary HOA provides a community boat ramp, Key Largo Community Park is nearby, and Card Sound Road makes mainland runs straightforward. Buyers who know the Upper Keys understand what that combination is worth.

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Port Largo is a well-established oceanside neighborhood in Key Largo, Florida, near Mile Marker 100, featuring a canal grid with direct Atlantic access, a mix of waterfront and non-waterfront homes, and a voluntary homeowners association with a community park and boat ramp. It sits within easy reach of the Upper Keys' best water, dining, and recreational amenities. For buyers who came to the Florida Keys to actually use the water, that location matters.

The neighborhood was developed in phases over several decades, and its history runs deeper than most people realize. Ocean Cay Drive, one of the neighborhood's oceanfront streets today, was once a runway. Port Largo Airport operated from the late 1960s until 1985, a dredged-from-the-ocean-floor airstrip that briefly had commercial commuter service to Miami. When it closed, the land became what is now some of the most sought-after oceanfront property in Key Largo.

Most homes in Port Largo sit on canals with direct access to the Atlantic. Some properties front open water with true oceanfront exposure. Others are non-waterfront but fully inside a neighborhood built around the boating lifestyle. That range gives buyers at different points in their search a legitimate path into one of Key Largo's most sought-after addresses. Browse Port Largo homes for sale or visit PortLargoHomes.com to search current listings and market data.

What Is Boating Like in Port Largo, Key Largo?

Port Largo's oceanside position is the defining feature for anyone who fishes, dives, sails, or simply wants open water close. The Atlantic is accessible directly from the neighborhood's canal network. You are not routing around the island to reach open water. You leave the dock and the ocean is there.

Reef fishing and offshore fishing are both practical from Port Largo. The nearshore reefs hold snapper, grouper, and more. Push a little further out and the Gulf Stream runs close to the Keys, putting mahi, wahoo, and tuna within range for a reasonable day trip. Light-tackle fishing on the nearshore waters is excellent, and guides who know these waters work out of marinas nearby.

Diving and snorkeling from Port Largo is as good as it gets in Florida. John Pennekamp Coral Reef State Park, the first underwater park in the United States, is minutes away by boat or by car. The Florida Keys National Marine Sanctuary encompasses the waters surrounding Port Largo, protecting the living reef ecosystem that defines Keys diving. The Christ of the Abyss statue, Molasses Reef, and the Spiegel Grove wreck are all within reach. Visitors travel from around the world to dive these sites. Port Largo residents have them in their backyard.

Sailors have used these waters for decades. The Atlantic is right there, the trade winds are reliable, and the stretch between Key Largo and the reef line is some of the most scenic water in South Florida. Whether you keep a sailboat behind your home or trailer to the nearby ramp, you will not be disappointed.

A Living Piece of Movie History

Here's something most neighborhoods can't claim. The African Queen, the actual 1912 steamboat from the classic Humphrey Bogart and Katharine Hepburn film, is docked at Marina Del Mar at Mile Marker 100 and runs daily canal cruises through the Port Largo canals out to the Atlantic. The boat is listed on the National Register of Historic Places. Guests can take the helm, hear the history, and watch Key Largo slide by from the deck of a genuine piece of cinema history.

The Key Largo Princess glass bottom boat operates from the same marina, offering reef tours over living coral without getting wet. Both experiences sit at Port Largo's front door.

These aren't just tourist attractions. They are part of what makes living in this particular neighborhood feel different from living anywhere else in the Keys.

What Amenities Does Port Largo Offer?

The photo above was taken decades ago, when Port Largo was newly platted and the lots were largely bare. The canals were freshly dug, a handful of early homes were taking shape, and the young palms lining the community park had just been planted. The waterfront basin and rock jetty you see were part of the original design. The community understood that a boating neighborhood needed a shared waterfront, and they built one from the start.

Port Largo homeowners can join the voluntary Port Largo Homeowners Association, which provides access to a community park with a boat ramp and trailer storage while your boat is in the water. For buyers without direct dockage on their lot, that access is meaningful.

Key Largo Community Park is walking distance from most of Port Largo. The park includes a public swimming pool, tennis courts, basketball courts, and pickleball courts. For buyers relocating from metro areas, that kind of active lifestyle infrastructure matters. Port Largo is not just a place to keep a boat. It is a place to actually live.

Where Is Port Largo Located in Key Largo?

Mile Marker 100 is central Key Largo. Grocery, restaurants, and fuel are all close. Card Sound Road is nearby, giving Port Largo residents an alternate route to the mainland that sidesteps US-1, a practical advantage for anyone making the Miami run regularly.

North Key Largo and Ocean Reef are a short drive up the road. Islamorada is a short drive south. Port Largo sits in the middle of everything the Upper Keys offers.

Why Do Buyers Choose Port Largo Over Other Key Largo Neighborhoods?

There is a difference between buying in Key Largo and buying in Port Largo. Buyers who know the island understand that oceanside position, a canal grid with direct Atlantic access, an established neighborhood character, and proximity to the best water in the Upper Keys do not always come together in one address. In Port Largo, they do.

New construction is active in Port Largo. Established homes are bought and sold here regularly. The neighborhood has been here for decades and it is not going anywhere. That kind of staying power means something in a market where waterfront addresses are finite and the water only gets more valuable.

Explore Nearby Oceanside Neighborhoods

Port Largo sits at the heart of Key Largo's oceanside market, but buyers sometimes cross-shop the neighboring communities in the same area. Key Largo Beach and Key Largo Ocean Shores are both oceanside neighborhoods nearby with their own character and price points. If you want to understand how these communities compare before making a decision, that is exactly the kind of local conversation worth having.

Browse current listings for homes on the oceanside of Key Largo at KeyLargoOceanside.com.

Frequently Asked Questions About Port Largo

What is Port Largo in Key Largo, Florida?

Port Largo is a well-established waterfront neighborhood on the oceanside of Key Largo near Mile Marker 100. It features a navigable canal grid with Atlantic access, oceanfront homes, and non-waterfront properties, along with a voluntary homeowners association that provides boat ramp access.

Is Port Largo a good neighborhood for boaters?

Yes. Most homes in Port Largo sit on canals with direct Atlantic access. The neighborhood is oceanside, meaning the canals connect to the Atlantic. The voluntary PLHOA provides a community park with boat ramp and trailer storage while the boat is being used, for homeowners without direct dockage.

What amenities does Port Largo offer?

Port Largo homeowners can join the voluntary Port Largo Homeowners Association for access to a community park with boat ramp and trailer storage. Key Largo Community Park, which includes a public pool, tennis, pickleball, and basketball courts, is walking distance from the neighborhood.

What water activities are available near Port Largo?

Port Largo is minutes from John Pennekamp Coral Reef State Park, the Florida Keys National Marine Sanctuary, and some of the best reef fishing, offshore fishing, diving, snorkeling, and sailing in the United States. The African Queen and Key Largo Princess glass bottom boat operate from Marina Del Mar at Mile Marker 100.

Jim Signor - Florida Keys Real Estate

Featured Listing: 417 Pirates Road, Little Torch Key — Jolly Roger Estates

If you have been searching for a canalfront home in the Lower Keys with serious boating infrastructure, a fully updated interior, and the kind of outdoor setup that makes island living actually work, this one is worth a close look.

417 Pirates Road is a three-bedroom, two-bath canalfront home in Jolly Roger Estates on Little Torch Key. It sits on a deep, flow-through canal with no bridges to open water and less than a five-minute idle zone out to the Atlantic. For buyers who came to the Keys to be on the water, that matters.

This listing is courtesy of Maggie Beall, LoKation Real Estate, who is also the owner of the home. It is featured here with her permission.

View the full listing and all photos at keyslistings.com →

Quick Answer: What Makes This Property Stand Out?

Three things separate this home from typical Lower Keys listings in its price range: the boating infrastructure (14,000 lb boat lift, 60-foot concrete seawall, deep flow-through canal), the 2025 interior remodel (not a cosmetic flip — new flooring, kitchen, baths, and fixtures throughout), and an outdoor living package that includes a built-in KitchenAid outdoor kitchen, screened porch, and oversized parking with 50 amp RV hookup and generator-ready setup. Low transferable flood insurance rounds out a package that is genuinely difficult to find combined in a single property at this price point in the Lower Keys.

Inside the Home

The 2025 remodel covers everything buyers actually care about. The kitchen has quartz countertops, an LG ThinQ smart refrigerator and range, a large pantry, and extra built-in storage. Bathrooms got new vanities, fixtures, and flooring. Luxury vinyl plank runs throughout. Five individual mini-split A/C units provide room-by-room climate control — a practical advantage for year-round Keys living.

The split floor plan offers 1,280 square feet of living space plus a 110-square-foot flex room overlooking the canal. The primary suite has a 9-by-7-foot walk-in closet. The guest room has a built-in queen Murphy bed with storage. Multiple washer/dryer hookups are in place throughout.

On the Water

The dock setup is serious. A 60-foot concrete seawall with a 14,000 lb boat lift handles most vessels short of a large sportfish. The canals in Jolly Roger Estates are deep, wide, and flow-through — good water quality and room to maneuver. No bridge restrictions on the way out. You are fishing, diving, or cruising in under five minutes.

The backyard faces east for sunrise over the canal and cooler afternoons. Protected salt ponds sit across the street — no future neighbors to the front, ever.

Outside the Home

A large covered bar and outdoor kitchen with a built-in KitchenAid grill anchors the entertaining area. Add a screened porch, outdoor shower, privacy-fenced yard, large storage area, and parking for a boat trailer, RV (50 amp hookup in place), and multiple vehicles. Generator-ready setup means you are not starting from scratch when storm season arrives.

Additional Details Worth Knowing

Flood Zone AE with low-cost transferable flood insurance — that alone can save a buyer thousands per year versus a new policy. Transferable termite warranty in place. AHS 1-Year Shield Plus Home Warranty offered. Can be sold turn-key minus some personal items. Rentals allowed with a 28-day minimum. HOA is $40 per year. Taxes are $5,070 (2025). Financing terms include cash, conventional, and FHA.

About Jolly Roger Estates, Little Torch Key

Jolly Roger Estates is one of the most established boating communities in the Lower Florida Keys. Located at roughly Mile Marker 28.5 on Little Torch Key, it sits between Big Pine Key and Key West with easy access to both. Big Pine Key is about 10 minutes north by car. Key West is roughly 35 minutes south. Marathon is about 25 minutes north — close enough for groceries, dining, and the airport without living in the middle of it.

The neighborhood is oceanside with Atlantic access via deep, bridge-free canals. Properties range from modest updated homes to larger luxury builds and pre-construction projects. Little Torch Key runs quieter than the more commercial islands. The vibe skews toward serious fishing and diving households. A handful of marinas and restaurants are within a short boat ride. It is a good fit for buyers who want the full Keys lifestyle without the foot traffic.

Browse all Jolly Roger Estates homes for sale, all Little Torch Key listings, or search the full Lower Keys real estate inventory.

Interested in the Lower Keys?

For questions about this home or others in the area, reach out at jimsignor.com. I have been covering Florida Keys real estate since 1988 and can help you find the right fit, whether that is here on Little Torch or anywhere else in the Keys.

Florida Keys Real Estate Market — March 2026 Quick Answer

The Florida Keys market is moving. Closed sales jumped 31% year-over-year in March, pending activity is up across the board, and inventory keeps shrinking. If you’re watching from the sidelines waiting for a slower market, this data says you may be waiting a while.

The standout number this month is closed sales — up 31% from a year ago. That kind of jump in a single month isn’t noise. It reflects real buyer follow-through, and it’s backed up by pending inventory rising 18% and new pending sales climbing 19%. The pipeline coming in and the pipeline going out are both pointing the same direction.

What makes this more interesting is the backdrop. National headlines are full of economic uncertainty — tariff talk, rate anxiety, mixed signals from Wall Street. The Florida Keys market is largely ignoring all of it.

Key Market Highlights — March 2026

• ▲ Closed Sales: 215 — up 31% from a year ago
• ▲ Pending Inventory: 277 — up 18% from a year ago
• ▲ New Pending Sales: 239 — up 19% from a year ago
• ▲ Median Sale Price: $965,000 — up 0.8% from a year ago
• ▼ Active Inventory: 1,619 — down 6.5% from a year ago
• ▼ New Listings: 278 — down 6.1% from a year ago

What the Numbers Are Telling Us

When closed sales jump 31% and both pending categories are up nearly 20%, the market isn’t just active — it’s absorbing inventory faster than new supply is arriving. Active listings are down 6.5% and new listings are down 6.1%. That math only goes one direction over time: fewer choices for buyers and, eventually, more pricing leverage for sellers.

The median sale price at $965,000 is up just 0.8% year-over-year, which tells me prices aren’t spiking — yet. But with this kind of contract activity running ahead of supply, I’d expect upward pressure to build as we move deeper into spring. The Keys have always attracted buyers who are motivated by lifestyle first. In my experience, that motivation doesn’t evaporate when the stock market gets choppy.

A Word to Buyers

The window where you could take your time, make low offers, and negotiate hard has narrowed considerably. Inventory is tighter than it was a year ago, more buyers are under contract, and the homes that are priced right are moving. That’s not a scare tactic — it’s what the March numbers show.

If you’re seriously considering a move to the Keys, let’s talk before the spring season peaks. Browse current Florida Keys homes for sale to see what’s available right now, or visit the Florida Keys Real Estate Blog for ongoing market coverage.

Florida Keys Real Estate — Frequently Asked Questions

What is the Florida Keys real estate market doing in March 2026?

Strong, and getting stronger. Closed sales are up 31% from a year ago, contract activity is rising on both the pending inventory and new pending sales sides, and all of this is happening while active inventory continues to contract. The market is outperforming what you’d expect given the national economic noise right now.

Is inventory increasing in the Florida Keys?

No — it’s moving the other direction. Active inventory dropped 6.5% from a year ago, and new listings coming to market are down 6.1% as well. Fewer homes available combined with rising buyer demand is a supply-side squeeze that tends to favor sellers over time.

What is the median sale price in the Florida Keys?

The median sale price hit $965,000 in March 2026, up 0.8% from a year ago. Prices are stable rather than surging, but with absorption accelerating ahead of new supply, that stability may not last through the full spring season.

Is it a good time to buy a home in the Florida Keys?

In my view, yes — particularly compared to where this market may be heading. Buyers who act now are working with more inventory and less competition than they’re likely to see by midsummer. The lifestyle the Keys offers doesn’t go on sale, but entry points are more accessible today than they may be in a few months.

(Image source: KeysListings.com, April 2026)

If your Florida Keys listing alerts feel irrelevant, they probably are - and it is likely costing you opportunities you do not even know about.

The Florida Keys market is narrow, specific, and moves fast. A saved search that is too broad or pointed at the wrong area does not just waste your time - it trains you to ignore your own alerts. By the time the right home appears, you may have already stopped paying attention.

The Short Version of this Post

• Your saved search may have been created automatically when you registered - it is a starting point, not a finished product
• It is probably too broad, wrong area, or missing filters you actually care about
• In the Florida Keys, well-priced homes move in days - noise in your alerts means you react late or not at all
• Five filters fix it: price range, property type, waterfront, specific area, bedrooms
• Under ten minutes to fix - you can do it yourself or I can help
• You can run separate searches for different areas inside one account - useful if you are still deciding between Key Largo and Islamorada

The Showroom Detour

Here is an analogy that fits this perfectly. When I am shopping for a truck, I still stop and look at the sports cars parked out front. They are right there, they look great, and for a few minutes I am convinced I need one. Then I remember why I came in and get back to reality.

Real estate browsing works the same way. You land on a listings page, something catches your eye, and you register to see more. The site does something useful at that moment - it creates a saved search for you automatically so you start getting alerts right away. No setup required.

The catch? The site builds that search based on what it thinks you were looking at, not what you actually want. If you lingered on a few waterfront homes while browsing a wide area page, your auto-generated alerts might now be pointed at a price tier or property type that was never really your target.

You are getting alerts. They just might be showing you the sports cars when you came in for a truck.

Why This Matters More in the Florida Keys

On a mainland market with deep inventory, a slightly off saved search is an inconvenience. In the Florida Keys, it can mean missing the home you actually wanted - and then waiting months for a comparable one to surface.

Inventory here is structurally limited. The Keys are a chain of islands with no room to expand. What is available in Key Largo is a different market from Islamorada, which is different again from Marathon, the Lower Keys, and Key West. These are not interchangeable. A buyer focused on Key Largo canal access has almost nothing in common with a buyer looking for a Key West condo.

When a well-priced home hits the right area, it can go under contract in days. Buyers who are receiving clean, relevant alerts tend to react. Buyers who have been conditioned by noise tend not to. That gap is where opportunities get missed.

The Five Filters That Fix It

You do not need to overthink the setup. Five adjustments will take your search from generic to genuinely useful.

Price range. Set a realistic floor and ceiling. Leaving the minimum at $50,000 and the maximum open means you are seeing the full spectrum of Keys inventory - from mobile homes to $10 million estates - in the same alert. Narrow it to the range where you would actually write an offer.

Property type. Single-family homes and condos are fundamentally different purchases in the Florida Keys. Condos often carry HOA fees, rental restrictions, and insurance structures that affect your monthly costs and your flexibility. Homes offer more control but come with their own considerations. Decide which one you are actually shopping for and filter to it.

Waterfront vs. non-waterfront. This single filter removes a large portion of irrelevant results immediately. If boat access is central to why you are buying here, checking the waterfront box is non-negotiable. If you want the Keys lifestyle at a more accessible price point, non-waterfront inventory often offers better value and gets overlooked by buyers who never adjust this setting.

Specific area. The Keys run over 100 miles from Key Largo to Key West. If your search covers the entire chain, you are tracking five distinct markets at once. Narrow to the area - or areas - where you would genuinely consider buying. If you are flexible across multiple areas, set up a separate search for each rather than one catch-all.

Minimum bedrooms. If you need three bedrooms - for family, guests, or a home office - set that floor. Two-bedroom results are not relevant to you and seeing them repeatedly erodes your confidence in the alerts. A clean feed of matching homes keeps you engaged.

How to Update Your Search

Log into your account at KeysListings.com and navigate to your saved searches. The auto-generated search will be there. Click to edit, apply the filters above, and save. Your alerts will immediately reflect the updated criteria.

If you want to track multiple areas or scenarios - say, Key Largo waterfront homes in one search and Islamorada condos in another - you can set those up as separate searches within the same account. Each one sends its own alerts independently.

If you would rather have someone take a look, I can review your current search and suggest the exact filters to clean it up - usually takes about five minutes. Reach out directly or schedule a call at jimsignor.com.

A Note on Market Reports

A saved search and a market report are two different tools inside your KeysListings.com account and they serve different purposes.

Your saved search is your early warning system - it fires an alert the moment a new listing or price change matches your criteria. A market report gives you a broader picture of everything active, pending, and recently sold in a chosen area, updated as often as you want.

If you are getting serious about timing your purchase, the market report is worth setting up alongside your saved search. That combination - real-time alerts plus regular market snapshots - gives you a complete picture of where the market stands and how fast it is moving. A separate post covers the market report setup in detail.

Frequently Asked Questions

Why is my saved search showing homes I am not interested in?
When you register on KeysListings.com, the site automatically creates a search based on the page you were browsing at the time. That starting point is often too broad - wrong price range, wrong property type, or covering more of the Keys than you actually care about. Updating your filters takes a few minutes and makes a significant difference in what you see.

How do I update my saved search on KeysListings.com?
Log into your account, navigate to saved searches, and click to edit the existing search. Adjust your price range, property type, waterfront preference, area, and bedroom minimum. Save it and your alerts update immediately.

What filters matter most for a Florida Keys buyer?
Price range, property type, waterfront vs. non-waterfront, specific area, and minimum bedrooms. Those five settings determine whether your alerts are relevant or just background noise.

Is it worth setting up a saved search if I am not ready to buy yet?
Yes. Tracking the market over time builds real knowledge about pricing, inventory levels, and how fast homes move in your target area. That context makes you a sharper buyer when you are ready to act.

Can I have more than one saved search?
Yes. You can set up separate searches for different areas or criteria within one account. Each one sends independent alerts, which is useful if you are weighing multiple areas or property types.

What is the difference between a saved search and a market report?
A saved search alerts you when new listings or price changes match your criteria. A market report shows a broader snapshot of active, pending, and sold inventory in a chosen area. Both are available in your KeysListings.com account and both are worth using.

How fast do alerts go out when a new listing hits?
Alerts fire as soon as a matching listing appears or a price change occurs. In the Florida Keys, where well-priced homes can go under contract within days, being among the first to know matters. That speed only works in your favor if the search criteria are set up correctly.