Monroe Park Homes for Sale

Monroe Park is a residential community in Key Largo, Florida.

Pure Equity Realty covers Monroe Park 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 2 Monroe Park Key Largo homes for sale as of October 2026. The median asking price is $680,000. Asking prices run from $59,000 to $1.3M.

That is 21% below the Key Largo median of $859,000. On a per-foot basis, homes here ask about $802 per square foot, compared with $672 across Key Largo. So the median price buys roughly 850 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 31 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 Monroe Park date from 2008 to 2020. That puts them between 6 and 18 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 Monroe Park price means in Florida closing terms. At $680,000, a 20% down payment comes to about $136,000, leaving a loan near $544,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,903. Next, the intangible tax of 0.2% adds about $1,087. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Monroe Park median, that is about $4,757.

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.