4 Mahogany Ln, Ocean Reef, FL 33037
FOR SALE
0.63 ACRES

$1,055,000

    4 Mahogany Ln, Ocean Reef, FL 33037

    Est. Mortgage $7,302/mo*
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    Home Highlights

    Lot/Land
    0.63 acre lot

    Local Information

    • Map ViewExplore the area around 4 Mahogany Ln.
    • Schools1 Preschool School1 Elementary School1 Middle School1 High School
    • Shop & Eat
    -- mins to
    Commute Destination

    About this House

    Wooded lot is very private with 27,470 sq ft. lot size. Situated within the natural hammock. Potential to build a 2- story 2,500SF home based on the building approval process with the County. OR -as the lowest-priced property, it makes sense to acquire an Equity Membership and have the freedom to rent whatever you like and for however long you wish to rent.
    Last check for updates: about 8 hours ago
    Listing courtesy of Roberta Watson
    Watson Luxury Properties at Ocean Reef
    Source: CLS at Ocean Reef, MLS#2954

    Home Details for 4 Mahogany Ln

    Days on Market

    Days on Market: 130

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Vacant Lot
    Property Information
    Parcel Number: 00573690000400

    Price & Status

    Price
    List Price: $1,055,000

    Active Status

    MLS Status: Active

    Location

    Direction & Address
    City: Key Largo

    Agent Information

    Listing Agent
    Listing ID: 2954

    Lot Information

    Lot Area: 0.63 acres

    Listing Info

    Special Conditions: Traditional

    Miscellaneous

    Mls Number: 2954

    Around this home

    What Locals Say about Key Largo

    At least 96 Trulia users voted on each feature.

    • 92 % Say it's dog friendly

    • 84 % Say parking is easy

    • 79 % Say car is needed

    • 78 % Say yards are well-kept

    • 74 % Say people would walk alone at night

    • 72 % Say there's holiday spirit

    • 66 % Say it's quiet

    • 66 % Say they plan to stay for at least 5 years

    • 63 % Say it's walkable to restaurants

    • 55 % Say neighbors are friendly

    • 55 % Say kids play outside

    • 52 % Say there's wildlife

    • 47 % Say there are community events

    • 45 % Say it's walkable to grocery stores

    • 31 % Say streets are well-lit

    • 23 % Say there are sidewalks

    Sourced by Trulia users. Learn more about our methodology.
    • Cn68dgn6hz
      "They have Dogs ism assuming they happy with the neighborhood as they are very much friendly is a very nice neighborhood "
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    • Shaun Matthews
      "I drive everywhere I need to go. Golf carts are permissible in most neighborhoods. Everything is within a 5 min car ride. "
      0
      Flag
    • Dr.mahoney
      "We take care of each other in times of need hurricanes a good example. Animals are safe and people are friendly "
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    • DC
      "Imagine living in a neighborhood where everyone knows each other and looks out for one another—where you can spend lazy afternoons lounging in beautiful parks or embark on thrilling marine adventures. Your kids will have a blast playing in sports leagues and attending top-notch schools. And the best part? The whole vibe is super chill and welcoming. That's the kind of community you'll find here!"
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    • Carol Painter
      "Silver Shores is a beautiful 55 and older park! All yards are beautiful with grass, flowers, and trees! All the owners love it here!"
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    • Deborah Clarke
      "Great neighbors, wonderful parks, beautiful sunsets, great church, great schools to choose from. The bond of our community. Every year our street throws an annual Keys Christmas Party. There is a sense of peace and connection knowing that you are safe and valued in your neighborhood. Everyone is so friendly, which makes it so inviting."
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    • Karen M.
      "its a tourist spot area and very close to everything that you may need its a small city but very nice place"
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    • Davius C.
      "It’s pretty dog friendly around here. I always see people walking their dogs. I have three of my own. The neighbors wave and say hi to my dogs while they are walking their dogs"
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    • Diamonddegree
      "Private and secluded neighborhood at the beginning of the Florida keys. Great diving and snorkeling options "
      1
      Flag
    • Stuart G.
      "my commute is 20 miles but with traffic it takes anywhere from 35 minutes to 2 hours. just depends on the traffic "
      1
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    • Danlsteadman
      "Dogs are welcome at local restaurants with outside seating. Water bowls are available at these restaurants. "
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    • Lmgkeys
      "Safe area. Surrounded by the water. Good schools. Great fishing and boating. Kayak and canoeing. Small island nearby."
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    • Virgil R.
      "There are lots of kids here and watchful parents. So it’s safe for them to play outside and ride their bikes on the back streets. The fathers are outside and monitoring the speed people drive. "
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    • Ruthrich41
      "We have allowed activities here so we get acquainted with a lot of people in our area and you get to know them and you make friends here we have 240 homes in our compound and a lot of good neighbours are very good friends are here"
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    • Virgil R.
      "It’s next to the ocean and boat launches and public pools And Public parks where you can walk your dog play tennis do a fitness circuit and volleyball and it’s raining in downtown so it’s easy to leave there and get something to eat"
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    • mdasca
      "This area is unique because it is close to Miami yet feels like worlds away. This community had neighbors that all have a passion for boating. There is no place in the world like the Florida keys!"
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    • sherieann2008
      "This is one of the friendliest communities I have ever lived in. The neighbors all know each other and watch out for everyone. We are close to all of the entertainment and dining we want but have the quiet and privacy of a small community - the best of both worlds"
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    • Lian A.
      "GATED COMMUNITY WITH DEEP WATER DOCKAGE - FAMILY FRIENDLY"
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    • Kathy D.
      "Key Largo is known for its commuting ease from the Miami Dade area. It has a great Aquatic center, lots of dining options and, as with the rest of the Keys, is known for its water sports which include fishing, diving, kayaking, snorkeling, jet skies etc. The Keys are considered the Caribbean of the US. All the beauty and nice people, no passport."
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    • Alicia O. L.
      "I have lived here for 7 years and absolutely love it!!!! A.L."
      1
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    Market trends in Key Largo

    Last updated August 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    —
    Sale-to-List Price
    —
    Price per sq ft
    —
    Available listings
    237
    4    MoM

    Home Value

    Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

    Comparable sales

    These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    23 Gatehouse Rd #23-AS, Key Largo, FL
    1.06
    Lot/Land
    $1,600,000
    02/13/26
    -
    -
    24 Gatehouse Rd, Key Largo, FL
    1.15
    Lot/Land
    $1,525,000
    03/26/26
    -
    -
    25 Gatehouse Rd, Key Largo, FL
    1.15
    Lot/Land
    $1,550,000
    05/27/26
    -
    -
    201 Ocean Reef Dr #FS-25, Key Largo, FL
    1.26
    Lot/Land
    $1,925,000
    11/06/25
    -
    -
    201 Ocean Reef Dr #FS-7, Key Largo, FL
    1.37
    Lot/Land
    $1,925,000
    10/17/25
    -
    -
    201 Ocean Reef Dr #ES-30, Key Largo, FL
    1.37
    Lot/Land
    $2,387,500
    03/10/26
    -
    -
    201 Ocean Reef Drive Es #21, Key Largo, FL
    1.37
    Lot/Land
    $2,800,000
    07/10/26
    -
    -
    201 Ocean Reef Dr #20-DS, Key Largo, FL
    1.37
    Lot/Land
    $3,000,000
    04/22/26
    -
    -
    201 Ocean Reef Dr #DS-29, Key Largo, FL
    1.43
    Lot/Land
    $2,925,000
    02/24/26
    -
    -
    201 Ocean Reef Dr #DS-14, Key Largo, FL
    1.37
    Lot/Land
    $4,000,000
    12/03/25
    -
    -

    Nearby home prices

    Get a sense of expected prices in the area by checking the value of nearby homes.
    Address
    Distance
    Price
    Bed
    Bath
    Sqft
    Status
    12 Mahogany Ln, Key Largo, FL 33037
    0.04
    $3,825,000
    3
    3
    2,083
    Recently Sold
    365 S Harbor Dr, Ocean Reef, FL 33037
    0.10
    $8,300,000
    5
    6.5
    5,400
    For Sale
    355 S Harbor Dr, Ocean Reef, FL 33037
    0.10
    $4,641,900
    5
    5.5
    4,500
    Off Market
    345 S Harbor Dr, Key Largo, FL 33037
    0.11
    $4,750,000
    3
    3.5
    3,825
    Recently Sold
    8 Mahogany Ln, Key Largo, FL 33037
    0.09
    $6,460,200
    4
    5
    5,494
    Off Market
    175 S Harbor Dr, Key Largo, FL 33037
    0.13
    $7,793,300
    4
    5.5
    4,361
    Off Market
    14 Cinnamon Bark Ln, Key Largo, FL 33037
    0.12
    $10,322,900
    6
    7.5
    6,170
    Off Market
    24 Tamarind Ln, Key Largo, FL 33037
    0.12
    $7,329,900
    5
    6.5
    5,307
    Off Market
    11 Cinnamon Bark Ln, Key Largo, FL 33037
    0.13
    $7,947,800
    4
    5
    5,672
    Off Market
    185 S Harbor Dr, Key Largo, FL 33037
    0.15
    $4,782,800
    6
    6
    4,385
    Off Market
    23 Tamarind Ln, Key Largo, FL 33037
    0.14
    $4,281,200
    3
    3
    2,281
    Off Market

    Price and Tax history

    DateEventPrice
    May 13, 2026
    Source: CLS at Ocean Reef #2954
    		Listed For Sale
    $1,055,000
    Mar 16, 2026
    Source: CLS at Ocean Reef #2954
    		ListingRemoved
    $1,095,000
    Mar 2, 2026
    Source: CLS at Ocean Reef #2954
    		PriceChange
    $1,095,000
    Price decreased by 5%
    Jan 6, 2026
    Source: CLS at Ocean Reef #2954
    		Listed For Sale
    $1,150,000
    Jul 8, 2024
    Source: CLS at Ocean Reef #2700
    		Sold
    $995,000

    LGBTQ Local Legal Protections

    Roberta Watson, Watson Luxury Properties at Ocean Reef
    Copyright Central Listing Service at Ocean Reef, Inc. All rights reserved. Information is deemed reliable but not guaranteed.

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    Frequently asked questions about 4 Mahogany Ln

    • How big is 4 Mahogany Ln?
      4 Mahogany Ln in Ocean Reef, FL is about 0.63 acres (27,470 sq ft).
    • What is the price per acre for 4 Mahogany Ln?
      4 Mahogany Ln in Ocean Reef, FL is listed at $1,055,000, or about $1.7M per acre.
    • What do residents say about Ocean Reef?
      Residents describe Ocean Reef, FL as dog-friendly, easy to park in, and well-kept. Most residents say you need a car. See homes for sale in Ocean Reef, FL.
    • What are the closest schools to 4 Mahogany Ln?
      The closest schools to 4 Mahogany Ln in Ocean Reef, FL are Coral Shores High School (rated 5/10), Key Largo School (Pre-K/Elementary/Middle, rated 8/10).
    4 Mahogany Ln, Ocean Reef, FL 33037 is a lot/land. This property is currently available for sale and was listed by CLS at Ocean Reef on May 13, 2026. The MLS # for this home is MLS# 2954.