100
Map
34 Atlantic Drive
About This Property
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. Seller will consider all reasonable offers.
The primary residence features 3 bedrooms and 2 full baths, offering bright, comfortable living spaces and sweeping ocean views. The second home, complete with 2 bedrooms and 2 baths on a separate meter, is ideal for guests, extended family, or short-term rental opportunities.
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
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.
Listed By
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 24, 2026 | Listed by LoKation | $2,890,000 | |
| Listed by LoKation | |||
| May 5, 2025 | Sold | ||
| Sold | |||
| Mar 31, 2025 | In contract | - | |
| In contract | |||
| Jan 13, 2025 | Listed | $2,199,999 | |
| Listed | |||
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Exclusive Oceanfront Estate in the Florida Keys! A rare opportunity to own a luxurious oceanfront retreat with two residences on 29,185 sq. ft. Enjoy a private concrete pier, resort-style pool, and expansive outdoor living with a full outdoor kitchen. The main home features a 3-bedroom, 2-bathroom open floor plan, while the keeper’s quarters offer 2 bedrooms, 2 bathrooms—both elegantly designed for comfort and style. This quiet, well-maintained property provides ample space for entertainment, relaxation, and storage for your RV, boat, and trailer. Conveniently located 35 minutes to the mainland and 1.5 hours to Miami by boat, with top fishing and diving spots just minutes from your dock. Experience it for yourself—schedule a private tour today!
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| Mar 5, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017