778 Canal St

1,830 Sq. Ft.
$1,093 / Sq. Ft.
1,830
Sq. Ft.
$1,093
per Sq. Ft.

Description

Investors paradise! Situated on nearly 14,000 sq ft lot, this property offers premium access on a wide and deep canal, perfect for the ultimate boaters and savvy investors. Solidly built concrete construction and a concrete roof, the existing home features a 2-bedroom, 1-bathroom, and main living area upstairs, plus a Permitted 1-bedroom, 1-bath guest suite downstairs--ideal for guests or extended family. With ample space to expand, redesign, or completely reimagine, the oversized lot offers room...Investors paradise! Situated on nearly 14,000 sq ft lot, this property offers premium access on a wide and deep canal, perfect for the ultimate boaters and savvy investors. Solidly built concrete construction and a concrete roof, the existing home features a 2-bedroom, 1-bathroom, and main living area upstairs, plus a Permitted 1-bedroom, 1-bath guest suite downstairs--ideal for guests or extended family. With ample space to expand, redesign, or completely reimagine, the oversized lot offers room for a luxury pool, extensive outdoor living areas, and additional square footage. This is a blank canvas and one of the most desirable Investment opportunities in the heart of Key Largo. Whether you're looking to renovate for personal enjoyment or unlock the property's full investment potential, this is your chance to capitalize on size, structure, and location --bring your vision and create your slice of paradise.
  1. Listed by Kelsey Caputo - Frins • Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

Property Details for 778 Canal Street

Waterfront
Canal Front
Waterfront
Yes
Zoning
SF - Single Family
Subdivision
Twin Lakes (103.0)
Building Style
Split Level
Vehicle Storage
Guest Parking, Trailer Storage, Off Street Parking
Pets
Pets Allowed
LISTING UPDATED: 02/06/2026 03:49 PM

Property Details for 778 Canal Street

StatusActive
MLS #615287
Days on Market252
Taxes$6,456 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family
Year Built1974
Lot Size0.31 AC / 13,700 SF
CountyMonroe County

Location

Listing Courtesy of Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
Add your commute

Building Information for 778 Canal Street

Stories-Year Built1974Building Size-Lot Size0.31 AC / 13,700 SF

Payment Calculator

$10,286 per month

30 year fixed, 6.15% Interest

Principal and Interest

$9,748

Property Taxes

$538

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 778 Canal Street

Summary
Location and General Information
  • Waterview: Canal View
  • Area: 27 - Key Largo MM 97-107
  • Absolute Longitude: 80.412337
  • Control Depth: 5
  • Off Shore Island: No
  • Listing Board: Florida Keys
  • Side: Bay/Gulf
  • Mile Marker: 103.0
  • Marathon Neighborhood: N/A
  • Key/Island: Key Largo
Taxes and HOA Information
  • Association Info: Mandatory Home Owners Asc: No
  • Association Info: Voluntary Home Owners Asc: No
  • Association Info: 1st Right of Refusal: No
  • License Info: # of City License: 1
  • Fee Includes: None
  • Furnished: Unfurnished
  • Tax Year: 2023
  • Tax Exemptions: None
Property
Lot Information
  • Lot Size: 60 x 160 x 50 x 122 x 110
  • SqFt Remarks: 1,080 Upstairs 750 Downstairs
  • Land Size: 1/4 - 1/2 Acre
Property and Assessments
  • Legal: BK 3 LT 12 TWIN LAKES PB3-160 KEY LARGO OR608-300 OR1136-1953 OR2067-666
  • MLS Approved: Y
  • Bank Owned: No
  • SqFt Source: LA Measured
  • Flood Zone: AE 9
  • Rentals Allowed: With Restrictions
  • Deed Restrictions: No
  • Picture Count: 34
  • Document Count: 0
  • Building Style: Above Flood: Yes
Utilities
  • Utilities: FKAA, Buyer to Verify, Municipal Sewer
  • Pub Sewer HkUp: Yes
  • Species List: No
  • Pool: No
Interior and Exterior Features
Interior Features
  • Floor: Vinyl, Concrete
  • Appliances: Dishwasher, Freezer, Microwave, Oven, Refrigerator
Exterior Features
  • Roof: Concrete Roof
  • Dockage: Dock Length: 50
  • Dockage: Dock: Concrete
  • Dockage: Seawall: Concrete
  • Construction: CBS, Concrete
  • Dockage: Davits
  • Exterior Features: Shed

Property History for 778 Canal Street

DateEvent & SourcePriceAppreciation
Jun 2, 2025

Price Change

FKMLS #615287

$2,500,000
Jun 2, 2025

Price Change

FKMLS #615287

$2,400,000
Jun 2, 2025

Price Change

FKMLS #615287

$2,200,000
Jun 2, 2025

Listed (Active)

FKMLS #615287

$2,000,000
Sep 17, 2009

Expired

FKMLS #546095

Jul 26, 2008

Listed (Active)

FKMLS #546095

$750,000
May 22, 2008

Expired

FKMLS #541599

May 22, 2007

Listed (Active)

FKMLS #541599

$1,250,000
Oct 12, 2001

Expired

FKMLS #506651

Apr 12, 2001

Listed (Active)

FKMLS #506651

$425,000
DateEvent & SourcePrice
06/02/2025

Price Change

FKMLS #615287

$2,500,000
06/02/2025

Price Change

FKMLS #615287

$2,400,000
06/02/2025

Price Change

FKMLS #615287

$2,200,000
06/02/2025

Listed (Active)

FKMLS #615287

$2,000,000
09/17/2009

Expired

FKMLS #546095

07/26/2008

Listed (Active)

FKMLS #546095

$750,000
05/22/2008

Expired

FKMLS #541599

05/22/2007

Listed (Active)

FKMLS #541599

$1,250,000
10/12/2001

Expired

FKMLS #506651

04/12/2001

Listed (Active)

FKMLS #506651

$425,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 778 Canal Street

Taxable ValueLand-Additions-Total-
Tax Record2024$5,773 ($481 / month)
Home Facts
Beds2Baths2Total Finished SqFt1,830 SqFtAbove Grade Finished SqFt1,830 SqFtStories2Lot Size13,660 SqFtStyleSingle Family ResidenceYear Built1974Year Renovated1994CountyMONROEAPN00548440-000000

Schools near 778 Canal Street

This home is within Monroe.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Public - 6 to 12
Rating
School
Distance
Key Largo School
PublicPK to 8

Coral Shores High School
Public9 to 12

Ocean Studies Charter
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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778 Canal Street is a single family home for sale in Key Largo, FL 33037. This property was listed for sale on June 2, 2025 by Berkshire Hathaway HomeServices Keys Real Estate - Islamorada, it's currently listed at $2,000,000. This listing's school district is Monroe. Nearby schools include Key Largo School, Coral Shores High School and Ocean Studies Charter. 778 Canal Street is a 3-bed, 2-bath, 1,830 sqft single family home built in 1974.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.