Key Largo's Hidden Treasure! And the locals would like to keep it that way. Shipwrecks is located off the beaten path, on a deep water canal, on the ocean side. Come enjoy great food, good prices, and friendly staff in a relaxed atmosphere. Happy hour is everyday 4-6 pm when beer starts at $1. Seating is available inside, outside, or under the tiki. Locals, tourists, bikers, families, divers, and all other friendly people welcome!