Gracious waterfront living awaits at 35 Angelfish Cay Drive, a beautifully renovated canal-front residence in the heart of Ocean Reef Club, Key Largo's premier private club. Perfectly positioned on a deep-water canal with 120 feet of canal frontage, this home offers quick and effortless access to offshore fishing, snorkeling, and diving—an ideal retreat for boating and water-sport enthusiasts. Originally built in 2006 and elegantly reimagined in 2023, the home spans 6,300 square feet of refined interiors designed for relaxed yet luxury living. Featuring 5 bedrooms, 4 full baths, and 2 half baths, the residence offers abundant space for family and guests. Light-filled living areas flow seamlessly into a gourmet kitchen, multiple entertaining spaces, and expansive windows framing tranquil water views. Outside, a generous pool deck invites lounging and gatherings, with gentle steps leading to the private dock—perfect for keeping boats, paddleboards, and all your favorite water toys at the ready. Ideally located within Ocean Reef's amenity-rich environment, this home blends privacy, convenience, and timeless elegance for an unparalleled island lifestyle.
For sale
$19,875,000
35 Angelfish Cay Dr, Key Largo, FL 33037
5beds
6,343sqft
Est.:
Single Family Residence
Built in 2006
0.41 Acres Lot
$18,025,900 Zestimate®
$3,133/sqft
$-- HOA
What's special
Beautifully renovated canal-front residenceGourmet kitchenMultiple entertaining spaces
- 75 days |
- 747 |
- 13 |
Zillow last checked: 7 hours ago
Listing updated: February 05, 2026 at 02:18pm
Listed by:
Molly Taylor, Russell Post,
Ocean Reef Club Sotheby's International Realty
Source: CLS at Ocean Reef,MLS#: 3963
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 4
- 1/2 bathrooms: 2
Appliances
- Included: Washer
- Laundry: Laundry Room
Interior area
- Total structure area: 6,343
- Total interior livable area: 6,343 sqft
Video & virtual tour
Property
Features
- Stories: 2
- Exterior features: Dock, Outdoor Kitchen
- On waterfront: Yes
Lot
- Size: 0.41 Acres
Details
- Parcel number: 00569441003500075941
- Special conditions: Traditional
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 2006
- Major remodel year: 2023
Community & HOA
Community
- Subdivision: Not Condo or Condo Outside MLS Area
Location
- Region: Key Largo
Financial & listing details
- Price per square foot: $3,133/sqft
- Tax assessed value: $12,716,903
- Annual tax amount: $78,876
- Date on market: 1/23/2026
Estimated market value
$18,025,900
$17.12M - $18.93M
$83,741/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/23/2026 | Listed for sale | $19,875,000+78.3%$3,133/sqft |
Source: | ||
| 3/22/2023 | Sold | $11,150,000-14.2%$1,758/sqft |
Source: | ||
| 2/6/2023 | Pending sale | $12,995,000$2,049/sqft |
Source: | ||
| 2/6/2023 | Listed for sale | $12,995,000$2,049/sqft |
Source: | ||
| 1/22/2023 | Pending sale | $12,995,000$2,049/sqft |
Source: | ||
| 12/7/2022 | Price change | $12,995,000-13.3%$2,049/sqft |
Source: | ||
| 11/16/2022 | Price change | $14,995,000-21.1%$2,364/sqft |
Source: | ||
| 8/2/2022 | Price change | $18,995,000-13.6%$2,995/sqft |
Source: | ||
| 7/12/2022 | Listed for sale | $21,995,000+2738.1%$3,468/sqft |
Source: | ||
| 1/24/1995 | Sold | $775,000+357.5%$122/sqft |
Source: Public Record Report a problem | ||
| 6/21/1994 | Sold | $169,400$27/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $79,453 +3.7% | $11,751,901 +2.9% |
| 2024 | $76,644 +0.1% | $11,420,701 +1.6% |
| 2023 | $76,529 +19.7% | $11,240,137 +17.8% |
| 2022 | $63,954 +150.4% | $9,545,561 +167.3% |
| 2021 | $25,541 +0.6% | $3,570,829 +1.4% |
| 2020 | $25,379 | $3,521,528 +2.3% |
| 2019 | $25,379 +2.1% | $3,442,354 +1.9% |
| 2018 | $24,850 -0.4% | $3,378,169 +2.1% |
| 2017 | $24,951 +2.3% | $3,308,687 +2.1% |
| 2016 | $24,396 -3.2% | $3,240,634 +0.7% |
| 2015 | $25,211 | $3,218,107 |
Find assessor info on the county website
Monthly payment
Est. payment
$112,693/mo
Principal & interest
$99112
Property taxes
$13581
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Climate risks
Neighborhood: 33037
Nearby schools
GreatSchools rating
- 8/10Key Largo SchoolGrades: PK-8Distance: 13.5 mi
- 4/10Coral Shores High SchoolGrades: 9-12Distance: 28 mi
Local experts in 33037
- Florida
- Monroe County
- Key Largo
- 33037
- 35 Angelfish Cay Dr





