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3 Beds
1 Bath
1,064 sqft

$655,000

322 Mahogany Drive, Key Largo FL, 33037

Price per sqft$615.60
Built in1985
Property size1,064 sqft
Property typeResidential

Overview

Active

Listed Apr 14, 2026

Updated 5 days ago

PRICE REDUCTION! INVESTOR & VALUE-ADD OPPORTUNITY IN KEY LARGO! Virtually staged. This 3-bedroom, 1-bath home in the desirable Pamela Villa area offers an excellent opportunity for investors, second-home buyers, or those looking to create a personalized Keys retreat. Approximately 1,000 sq. ft. of living area with an additional 10x12 legal downstairs enclosure space that can serve as an office, guest area, or flexible-use space. Elevated construction, X flood zone, covered parking, termite contract, no HOA, and a convenient Key Largo location near John Pennekamp Coral Reef State Park and Murray Nelson Government and Cultural Center. Shopping, restaurants, and convenient Key Largo amenities are within walking/biking distance including Key Largo Park and Jacobs Aquatic center, professional Pickle ball courts, and the YMCA at the park.. The property offers plenty of potential for updates and customization while retaining the character of a true Florida Keys home. Bring your vision and explore the possibilities! Interior features include crown molding, cathedral ceilings, and a hardwood ceiling in third bedroom with private entrance. Vinyl plank flooring throughout. Bath features an oversized oval tub. Storm ready with shutters and metal doors. Downstairs is a laundry area, and a 12x14 storage shed. Fully fenced backyard garden with a 14x12 patio and an upper 8x10 deck. Perfect for entraining on your cement picnic table, plus a slab ready for your grill. Walk to the Murray Nelson Cultural Center, restaurants, and shopping. Just five minutes to Pennekamp Park and the Marvin D. Adams Waterway -- Ocean to Bay access with great diving minutes away. Truly Nolen contract in place transfers to Buyer. This is your tropical getaway ready for your personal touches! This home is easily adapted to your needs by adding a bathroom or even enclosing the downstairs to double the living space. Dont pass this one up , call for a preview!

$4,358/mo

Est. mortgage payment based on a $655,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
619489

Interior Features

Bedrooms
3
Bathrooms
1
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.12 Acres

Other Property Details

Taxes
$1,735
Tax Frequency
Annually
View
Yes
Pets Allowed
Yes
55+/Senior Community
No
MLS provider logo

Listed by Mari Crossen Joiner, Realtor, BS, CAM with Better Homes and Gardens Real Estate Destinations
Listing Contact: 305-522-3648 

The IDX display contains information sourced from the Florida Keys Board of REALTORS® as of 10/5/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 Florida Keys Board of REALTORS® all rights reserved.

Data last updated on 10/5/2026 at 3:50 AM UTC

 

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