Blue Water Key Largo

Blue Water is a luxury waterfront community of single family homes in Key Largo, Florida, with a range of options priced between $1,850,000 and $2,050,000. There are currently a total of 6 homes for sale in Blue Water. The smallest Blue Water home presently available is a three bedroom three bathroom residence that is 3,912 square feet (1,467SF Under Air living space), and the largest of the Blue Water homes currently on the market has five beds and four baths and is a 5,467 square foot (2,658SF Under Air) residence.

Property management fees in Monroe County vary depending on the community and sometimes vary between homes in the community. The current HOA fees for homes in Blue Water are $500. This fee includes common area maintenance, and trash removal. Please check the individual listing pages for the exact homeowners association fees for a particular Blue Water home.

The Blue Water HOA rules do allow homeowners to have pets. There is a limitation on pet size.

Blue Water real estate activity on the Key Largo MLS during the past year (as of April 2026) reflects five homes changing hands, with an average asking price of $1,437,760 and an average selling price of $1,414,980. This represents a healthy list-to-sell price ratio of 98% and $443 per square foot. During this period, Blue Water homes for sale have taken an average of 99 days to sell.

In addition, there are numerous other communities in Key Largo to choose from, or you may browse all available Key Largo Real Estate, including some new construction opportunities. Homes for sale in Blue Water are selling quickly. Set up a new listing alert, and we will notify you immediately when a new waterfront home in Blue Water hits the market. You can also always contact your ZFC Real Estate agent, who would happily assist you further with all your Florida real estate needs.

Blue Water Homes For Sale

Reduced

$2,050,000

$2,200,000

MLS#AX-11973819

226 Normandy Dr
Tavernier, FL 33070

3

3

3,912 SqFt

Ocean Access

0.083 Acres

62 Days

Reduced

$1,850,000

$1,900,000

MLS#AX-11974971

212 Banyan Ln
Tavernier, FL 33070

5

4

5,467 SqFt

0.174 Acres

55 Days

Reduced

$895,000

$990,000

MLS#AX-11970697

261 Burgundy Dr
Tavernier, FL 33070

2

2

Ocean Access

0.083 Acres

49 Days

Under Contract

$700,000

MLS#AX-11999791

311 Oleander Dr
Tavernier, FL 33070

3

2

Ocean Access

0.083 Acres

15 Days

$699,000

MLS#AX-11923477

212 Buttonwood Ln
Key Largo, FL 33070

3

2

Water Front

0.147 Acres

328 Days

Under Contract

$415,000

$425,000

MLS#AX-11925153

228 Oleander Dr
Key Largo, FL 33070

3

2

0.085 Acres

145 Days

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6 Active Listings in Blue Water