Ocean Isle Estate Homes for Sale

Ocean Isle Estate is a residential community in Key Largo, Florida.

Pure Equity Realty covers Ocean Isle Estate 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 Ocean Isle Estate Key Largo homes for sale as of October 2026. The median asking price is $7.05M. Asking prices run from $3.1M to $11M.

That is 721% above the Key Largo median of $859,000. On a per-foot basis, homes here ask about $1,588 per square foot, compared with $672 across Key Largo. So the median price buys roughly 4,450 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 142 days on the market. That tracks the Key Largo average of 171 days, so pricing and terms follow the wider city market.

Homes listed in Ocean Isle Estate date from 1969 to 2013. That puts them between 13 and 57 years old.

The range straddles 2002, when Florida adopted its statewide building code. Therefore two similar-looking homes here can carry very different insurance premiums. Ask for the wind mitigation report on any home you consider, since it drives much of that difference.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Here is what the median Ocean Isle Estate price means in Florida closing terms. At $7.05M, a 20% down payment comes to about $1.41M, leaving a loan near $5.64M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $19,740. Next, the intangible tax of 0.2% adds about $11,280. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Ocean Isle Estate median, that is about $49,350.

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 Ocean Isle Estate 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.