Lake Surprise Estates Homes for Sale

Lake Surprise Estates is a residential community in Key Largo, Florida. Active listings are currently priced from $725K–$3.9M.

Pure Equity Realty covers Lake Surprise Estates and the Key Largo area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 3 Lake Surprise Estates Key Largo homes for sale as of October 2026. The median asking price is $3.8M. Asking prices run from $2.8M to $3.9M.

That is 342% above the Key Largo median of $859,000. On a per-foot basis, homes here ask about $1,369 per square foot, compared with $672 across Key Largo. So the median price buys roughly 2,800 square feet of living area.

Listings here have averaged 47 days on the market. That is faster than the Key Largo average of 171 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Lake Surprise Estates date from 2020 to 2025. That puts them between 1 and 6 years old.

Every one of these homes went up after Florida adopted its statewide building code in 2002. In practice, that usually means impact-rated openings and stronger roof attachment. A wind mitigation inspection documents those features, and Florida insurers must offer premium discounts for them.

Here is what the median Lake Surprise Estates price means in Florida closing terms. At $3.8M, a 20% down payment comes to about $760,000, leaving a loan near $3.04M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $10,640. Next, the intangible tax of 0.2% adds about $6,080. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Lake Surprise Estates median, that is about $26,600.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Lake Surprise Estates listings show assignments to Key Largo (elementary), Key Largo (middle) and Coral Shores (high). However, boundaries can change each year, so confirm the assignment for a specific address with the county school district.