BAHIA MAR
Homes for Sale in Key Largo, FL
True comps, carrying-cost math, and listings before the portals.
Bahia Mar sits inside Monroe County's Florida Keys market, where land scarcity and coastal exposure are the two forces that set prices before anything else. The median closed price of $700,000 reflects that reality plainly. With only eight closings recorded in the tracking window across a community of roughly 217 homes, the resale pool is thin — buyers should expect limited selection and sellers should expect a smaller audience of qualified purchasers.
At a median of just over 71 days on market, listings are not moving fast. That pace signals a market where buyers have some room to negotiate, particularly on homes that have sat past the median, but it also reflects the specialized nature of Keys real estate — financing, insurance, and flood-zone considerations all slow the transaction timeline regardless of price agreement.
The 60-Second Overview
BAHIA MAR market snapshot (as of July 27, 2026): the median sale price is about $700K, and a median 72 days on market for closed sales.
BAHIA MAR is a community of 217 homes in Key Largo, Monroe County, built between 1954 and 2023 (median 1987.0), with a median living area of about 1,326 square feet. 41% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Bahia Mar is a coastal community in Key Largo spanning homes built from 1954 through 2023, with a median construction year of 1987 — a spread that creates meaningful variation in build quality, storm resilience, and update status that a buyer must evaluate property by property.
Who BAHIA MAR is best for.
Best for
- A buyer seeking a primary or secondary Keys residence with a budget centered near $700,000 and comfort with Monroe County's insurance and regulatory environment.
- An investor or vacation-property buyer who recognizes the non-homesteaded majority of the community and has underwritten rental income conservatively against actual carrying costs.
- A patient buyer prepared to wait out limited inventory and a 70-plus-day average marketing period rather than forcing a decision on the wrong property.
Probably not for
- A buyer who needs a straightforward, fast closing with conventional financing and a clean comparable-sales appraisal — the thin transaction volume makes that difficult here.
- Anyone whose budget does not comfortably accommodate both the median price point and the ongoing costs of flood, wind, and homeowners insurance common to Monroe County coastal properties.
- A buyer expecting community amenities or a managed common-area environment — none are currently identified in MLS listings, and that should be independently verified before committing.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 27 of each year, from record-level floridakeys closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($700K) IS the median in the snapshot above.
Windows contain 0 to 13 sales each (8 in the current window); every figure carries its sample size, and thin markets swing on single closings. Listing data provided by Florida Keys MLS, Inc. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Monroe County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Monroe County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
The BAHIA MAR buying strategy.
If we were buying in BAHIA MAR today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in BAHIA MAR.
What the Numbers Don't Say Out Loud
At a median of roughly 1,327 square feet of living space and a $700,000 median price, Bahia Mar is priced on location and lot positioning, not on interior square footage. A buyer accustomed to mainland price-per-foot logic will need to recalibrate. The wide construction date range — nearly seven decades from oldest to newest — means condition and code-compliance history matter more here than in any uniform subdivision. Flood zone classification, elevation certificates, and wind-mitigation ratings should be requested and reviewed before any offer, because they directly determine insurance costs that will affect carrying costs and resale appeal.
Just under 41 percent of properties carry a homestead exemption, meaning more than half the community is held as investment, vacation, or rental property. That is a structural fact with practical consequences: condominium or deed-restricted association governance, if present, may reflect the priorities of non-primary owners, and the MLS currently identifies no community amenities. Buyers expecting a managed resort-style environment should confirm what, if any, common infrastructure exists before proceeding.
The location and the amenities are priced into every listing in BAHIA MAR. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in BAHIA MAR buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (7.2). Basis: Long-Term Appreciation +206% since 2012; Owner Commitment 41% owner-occupied; Pricing Power 96.1% sale-to-list. Refreshed with each data update.
Why work with Momentum here
Keys transactions require a different checklist than mainland deals — elevation certificates, FEMA flood map cross-referencing, wind and flood insurance quotes secured before contract, and lender pre-qualification that accounts for Keys-specific underwriting overlays. Momentum brings that checklist into every showing, not just at closing. With thin inventory and a buyer pool that skews toward cash and sophisticated financing, having representation that already knows the Monroe County transaction sequence is not a convenience — it is a negotiating asset.
BAHIA MAR in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a BAHIA MAR buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed BAHIA MAR sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in BAHIA MAR, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your BAHIA MAR home worth?
Get a no-obligation home value based on real comparable sales in BAHIA MAR, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Frequently Asked Questions
What is the median home price in BAHIA MAR?
How long do homes in BAHIA MAR take to sell?
How many homes are in BAHIA MAR?
What share of BAHIA MAR is owner-occupied?
When were the homes in BAHIA MAR built?
Do cash buyers compete in BAHIA MAR?
Have BAHIA MAR home prices gone up?
Who is the best real estate agent for BAHIA MAR?
How do I find a top Key Largo real estate agent who knows BAHIA MAR?
Can Momentum Realty connect me with an agent for BAHIA MAR?
Should you buy in BAHIA MAR?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | floridakeys closed sales, 12-month windows ending July 27, 2026 |
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (8 streets, ZIP 33037)) |
| Historical depth | Closed-sale records back to 2007 (84 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of floridakeys records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the floridakeys member average and 8 days faster, and we’ll price yours against live your area comps.
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More Key Largo & The Florida Keys & Monroe County guides
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