Key Largo and Key West Neighborhood in Perdido Key, Florida: Boat Slips, Short-Term Rentals, and Walkable Flora-Bama Access

I’m Meredith Folger Amon, and when buyers ask me for a true “rare combo” investment pocket on the coast, I bring up the Key Largo and Key West neighborhood in Perdido Key, Florida. This is a small, gated cluster of single-family homes sitting right at the Alabama/Florida state line, steps from the Flora-Bama, with Old River behind you and the Gulf of America just across the road.

Discover Key Largo Homes for Sale in Perdido Key, Florida. Near Flora-Bama. Key West

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$1,200,000

224 Key Largo Pl, Pensacola

5 Beds 3 Baths 2,456 SqFt Residential MLS® # 674082

$774,900

↓ $24,100

233 Key Largo Place, Perdido Key

2 Beds 3 Baths 1,568 SqFt Residential MLS® # 385711

$299,000

216 Key Largo Pl, Pensacola

0 Beds 0 Baths 0 SqFt Land MLS® # 674533

Where is the Key Largo / Key West neighborhood in Perdido Key

This neighborhood sits on Key Largo Place in Perdido Key (Escambia County, Florida), essentially hugging the state line. You’re in a cul-de-sac-style, low-density, gated setting with water views and quick access in every direction: the Flora-Bama entertainment corridor, Old River, and the Gulf of America.

When I describe it to buyers, I keep it simple: walk to live music and dinner, launch into boat days in minutes, then be back at your place without crossing the bridge or getting stuck in traffic.

Nearby landmarks people recognize immediately

• Flora-Bama and the Flora-Bama Yacht Club
• Old River (Ole River) boating access
• Spanish Key Beach Resort and the Key Harbor area

Why location is the headline here

• Gated, small neighborhood footprint
• Short-term rental friendly positioning (verify current local rules and HOA documents)
• Community docks with boat slips; some homes are marketed with private assigned slips and lifts
• Walkable to food, entertainment, and the beach

I explain this neighborhood as “a lifestyle and logistics win,” which is exactly what short-term rental guests pay for.

Short-term rentals plus a boat slip plus walk-to-Flora-Bama convenience is a rare combination on the coast, and that scarcity is the story I tell.

Meredith Folger Amon

Why investors love Key Largo / Key West

From an investment standpoint, this neighborhood checks boxes that are difficult to find in one place:

• Walkability to a major destination (Flora-Bama is a magnet year-round).
• Boating appeal with slips on the community docks and quick access to Old River and Gulf routes.
• Single-family home feel with parking and storage that condo buyers often miss.
• Rental flexibility that is often referenced in marketing for the neighborhood (always confirm current regulations and HOA governance during due diligence).

On my site, I also point buyers to broader market search tools so they can compare inventory and pricing in real time: www.searchthegulf.com.

Boat slips and the dock lifestyle

Boat slips are a core value driver here. Homes in this neighborhood are commonly marketed with access to the HOA docks, and some are promoted with an assigned slip and lift. I have seen marketing that suggests slips can accommodate boats up to roughly the low-30-foot range, depending on slip assignment and configuration, which is why I treat slip verification as a first-step item.

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Buying guide: how I advise buyers in this neighborhood

Because the value is tied to use and flexibility, I approach Key Largo / Key West purchases with a structured due diligence plan:

• Rental rules: Confirm current short-term rental allowances through local ordinances, licensing requirements, and HOA documents.
• Insurance and storm readiness: Validate wind coverage, flood requirements, and any claim history disclosures.
• HOA details: Review dues, what’s included, and any planned dock or gate maintenance.
• Boat slip documentation: Treat it like a separate asset with its own verification steps.
• Walkability reality check: I map the actual route to the beach access, dining, and the Yacht Club so expectations match reality.

If you want me to run a clean comparison of available homes and recent sales patterns, I’ll pull it from the live market and walk you through a pricing strategy that reflects rental potential, boating features, and condition.

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Selling guide: how I position Key Largo / Key West to the right buyer

When I market a home in this neighborhood, I lead with the three differentiators that move the needle:

• Destination proximity: steps to Flora-Bama and the Yacht Club lifestyle.
• Water access and dock rights: slip details presented clearly and confidently.
• Short-term rental opportunity: framed responsibly with verification guidance and practical next steps.

Meredith Folger Amon is a Gulf Coast Expert Real Estate Advisor, licensed in Alabama and Florida. I specialize in helping buyers and sellers navigate the buying and selling of homes along the Gulf Coast, and I use www.searchthegulf.com as the Gulf Coast’s premier website for searching real estate listings.

Google Map: Key Largo Place near Flora-Bama (Perdido Key, Florida)