Newly Listed to the market for the first time in 34 years. This is truly a rare opportunity to own and build your Dream Home on one of the best Lots in all of Ocean Reef. The lot is 38,000 sq. ft. with 375' of Bay Water Frontage. Spectacular Florida Keys sunsets await you along with panoramic Card Sound Bay Views of the Angler's Club Marina, Card Sound Bridge, Pumpkin Key Island and W. Snapper Point. The Lot is located in a private setting at the end of the prestigious Card Sound Road on a Cul-De-Sac. The attached renderings features an 8,500 sq. ft. house under air with an Estate Driveway and a Courtyard Entrance. A perfect Legacy Property for years to come.
Lot/land
$29,500,000
48 Card Sound Rd, Ocean Reef, FL 33037
--beds
--baths
0.87Acres
Vacant Lot
Built in ----
0.87 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Private settingBay water frontage
- 245 days |
- 267 |
- 10 |
Zillow last checked: 7 hours ago
Listing updated: October 23, 2025 at 06:05am
Listed by:
Karyn Thiele,
Ocean Reef Club Sotheby's International Realty,
Kelsey Thiele,
Ocean Reef Club Sotheby's International Realty
Source: CLS at Ocean Reef,MLS#: 2748
Facts & features
Interior
Video & virtual tour
Property
Features
- On waterfront: Yes
Lot
- Size: 0.87 Acres
Details
- Parcel number: 00572222001000
- Special conditions: Traditional
Community & HOA
Location
- Region: Ocean Reef
Financial & listing details
- Tax assessed value: $21,731,250
- Annual tax amount: $146,346
- Date on market: 8/6/2025
Estimated market value
Not available
Estimated sales range
Not available
$7,556/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2025 | Listed for sale | $29,500,000+13.5% |
Source:  CLS at Ocean Reef #2748 Report a problem | ||
| 4/10/2023 | Sold | $26,000,000-3.7% |
Source: Public Record Report a problem | ||
| 2/15/2023 | Pending sale | $27,000,000 |
Source: CLS at Ocean Reef #2483 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $146,924 -4.6% | $21,731,250 -5.3% |
| 2024 | $153,940 +237.9% | $22,942,500 +242% |
| 2023 | $45,563 +4.7% | $6,708,944 +3% |
| 2022 | $43,519 -3.6% | $6,513,538 +3% |
| 2021 | $45,122 +0.6% | $6,323,824 +1.4% |
| 2020 | $44,840 | $6,236,513 +2.3% |
| 2019 | $44,840 +2.1% | $6,096,299 +1.9% |
| 2018 | $43,908 -0.4% | $5,982,630 +2.1% |
| 2017 | $44,099 +2.3% | $5,859,579 +2.1% |
| 2016 | $43,121 -3.3% | $5,739,059 +0.7% |
| 2015 | $44,579 | $5,699,165 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 33037
Nearby schools
GreatSchools rating
- 8/10Key Largo SchoolGrades: PK-8Distance: 12.4 mi
- 4/10Coral Shores High SchoolGrades: 9-12Distance: 26.7 mi
Local experts in 33037
- Florida
- Monroe County
- Key Largo
- 33037
- 48 Card Sound Rd
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