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

4 Mahogany Ln
Ocean Reef, FL 33037

    $1,055,000

    Est. Mortgage $7,128/mo*
    Get Pre-Qualified

    $1,055,000

    Est. Mortgage $7,128/mo*
    Get Pre-Qualified
    (on 0.63 acres)

    Home Highlights

    Listed
    72 days ago

    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.

    Home Details for 4 Mahogany Ln

    Days on Market

    Days on Market: 72

    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
    Last check for updates: about 1 hour ago
    Listing courtesy of Roberta Watson
    Watson Luxury Properties at Ocean Reef
    Source: CLS at Ocean Reef, MLS#2954

    Market trends in Key Largo

    Last updated June 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    $1.44M
    $332K    MoM
    Sale-to-List Price
    95.4%
    0.1%    MoM
    Price per sq ft
    $853
    $131    MoM
    Available listings
    254
    23    MoM

    Price History for 4 Mahogany Ln

    DatePriceEventSource
    05/13/2026$1,055,000Listed For SaleCLS at Ocean Reef #2954
    03/16/2026$1,095,000ListingRemovedCLS at Ocean Reef #2954
    03/02/2026$1,095,000PriceChange
    CLS at Ocean Reef #2954
    01/06/2026$1,150,000Listed For SaleCLS at Ocean Reef #2954
    07/08/2024$995,000Sold
    CLS at Ocean Reef #2700
    05/31/2024$995,000ContingentCLS at Ocean Reef #2700
    05/24/2024$995,000PendingToActiveCLS at Ocean Reef #2700
    04/29/2024$995,000ContingentCLS at Ocean Reef #2700
    04/19/2024$995,000Listed For SaleCLS at Ocean Reef #2700
    11/20/2018$258,000Sold
    N/A
    07/20/1994$45,000Sold
    N/A

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    Property Tax and Assessment

    Year2025
    Tax$5,674
    Assessment$842,529
    Home facts updated by county records

    Comparable Sales for 4 Mahogany Ln

    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    12 Bayberry Ln, Key Largo, FL
    0.19
    Lot/Land
    $2,075,000
    08/28/25
    -
    -
    525 Coral Ln, Ocean Reef, FL
    0.42
    Lot/Land
    $1,700,000
    08/01/25
    -
    -
    23 Gatehouse Rd #23-AS, Key Largo, FL
    1.06
    Lot/Land
    $1,600,000
    02/13/26
    -
    -
    6 Gatehouse Rd #6-AS, Key Largo, FL
    1.15
    Lot/Land
    $1,300,000
    07/31/25
    -
    -
    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
    -
    -

    Nearby homes

    Get a sense of prices in the area by checking nearby homes.
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    Assigned Schools

    These are the assigned schools for 4 Mahogany Ln.
    View nearby schools on GreatSchools
    The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

    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

    • 46 % 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 "
      0
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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 "
      0
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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!"
      0
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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!"
      0
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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."
      0
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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"
      0
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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"
      0
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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
      Flag
    • Danlsteadman
      "Dogs are welcome at local restaurants with outside seating. Water bowls are available at these restaurants. "
      0
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    • Lmgkeys
      "Safe area. Surrounded by the water. Good schools. Great fishing and boating. Kayak and canoeing. Small island nearby."
      0
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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"
      1
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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"
      1
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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!"
      0
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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"
      0
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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."
      0
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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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    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.
    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.