Discover a beautifully designed Key West style residence in the desirable Villa Cay neighborhood of Ocean Reef. This newer construction home, crafted by celebrated architect Hilario Candela, and dcor by interior designer Lizzie Lynn, welcomes you with bright, spacious living areas, soaring ceilings, and abundant natural light. Featuring four comfortable bedrooms—each with an en-suite bath—and a powder room, this home epitomizes ease and elegance. The open gourmet kitchen flows into the dining and living spaces, overlooking a private pool and patio with multiple dining options, grill, and TV for seamless indoor/outdoor living. The generous primary bedroom opens to the pool patio and park views, creating a relaxing retreat. Additional highlights include a large covered carport under the home and a welcoming veranda in front. Experience comfort, style, and a truly inviting atmosphere at the end of a peaceful cul-de-sac, just steps from the adjacent beautiful and serene park.
Pending
Price cut: $345K (1/21)
$8,950,000
5 Diana Rd, Key Largo, FL 33037
4beds
3,433sqft
Est.:
Single Family Residence
Built in 2015
0.25 Acres Lot
$8,214,100 Zestimate®
$2,607/sqft
$-- HOA
What's special
Private pool and patioWelcoming veranda in frontAbundant natural lightOpen gourmet kitchenSoaring ceilingsPowder room
- 119 days |
- 364 |
- 6 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: February 13, 2026 at 07:00am
Listed by:
Cassy Everhart, Morgan Smith,
Ocean Reef Club Sotheby's International Realty,
Richard Romeo,
Ocean Reef Club Sotheby's International Realty
Source: CLS at Ocean Reef,MLS#: 2909
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Appliances
- Included: Washer, Dryer, Dishwasher, Refrigerator, Microwave
- Laundry: Laundry Room
Features
- Windows: Impact Glass
- Has fireplace: Yes
- Furnished: Yes
Interior area
- Total structure area: 3,433
- Total interior livable area: 3,433 sqft
Video & virtual tour
Property
Features
- Stories: 2
- Patio & porch: Deck/Patio
Lot
- Size: 0.25 Acres
Details
- Parcel number: 00570010000000
- Special conditions: Traditional
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 2015
Community & HOA
Community
- Subdivision: Not Condo or Condo Outside MLS Area
Location
- Region: Key Largo
Financial & listing details
- Price per square foot: $2,607/sqft
- Tax assessed value: $5,622,709
- Annual tax amount: $35,207
- Date on market: 10/26/2025
Estimated market value
$8,214,100
$7.80M - $8.62M
$7,673/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/13/2026 | Pending sale | $8,950,000$2,607/sqft |
Source: | ||
| 1/21/2026 | Price change | $8,950,000-3.7%$2,607/sqft |
Source: | ||
| 1/12/2026 | Price change | $9,295,000-4.7%$2,708/sqft |
Source: | ||
| 10/26/2025 | Listed for sale | $9,750,000-2%$2,840/sqft |
Source: | ||
| 5/30/2025 | Listing removed | $9,950,000$2,898/sqft |
Source: | ||
| 3/21/2025 | Price change | $9,950,000-4.8%$2,898/sqft |
Source: | ||
| 11/27/2024 | Listed for sale | $10,450,000+100%$3,044/sqft |
Source: | ||
| 5/12/2021 | Sold | $5,225,000-5.9%$1,522/sqft |
Source: Public Record Report a problem | ||
| 4/15/2021 | Pending sale | $5,550,000$1,617/sqft |
Source: | ||
| 3/6/2021 | Listed for sale | $5,550,000+76.2%$1,617/sqft |
Source: Ocean Reef Club Sotheby's International Realty #2159 Report a problem | ||
| 11/11/2015 | Listing removed | $3,150,000$918/sqft |
Source: Russell Post Sotheby's International Realty #OR970 Report a problem | ||
| 8/25/2015 | Listed for sale | $3,150,000+306.5%$918/sqft |
Source: Russell Post Sotheby's International Realty #970 Report a problem | ||
| 11/15/2010 | Listing removed | $775,000+14.8%$226/sqft |
Source: Big Sky Real Estate #539220 Report a problem | ||
| 7/27/2010 | Sold | $675,000-12.9%$197/sqft |
Source: Public Record Report a problem | ||
| 6/12/2010 | Pending sale | $775,000$226/sqft |
Source: Big Sky Real Estate #539220 Report a problem | ||
| 5/1/2010 | Price change | $775,000-3.1%$226/sqft |
Source: Big Sky Real Estate #539220 Report a problem | ||
| 2/26/2010 | Price change | $800,000-11.1%$233/sqft |
Source: Big Sky Real Estate #539220 Report a problem | ||
| 8/1/2009 | Price change | $900,000-10%$262/sqft |
Source: Big Sky Real Estate #539220 Report a problem | ||
| 6/13/2009 | Price change | $1,000,000-20%$291/sqft |
Source: Big Sky Real Estate #539220 Report a problem | ||
| 5/16/2009 | Listed for sale | $1,250,000$364/sqft |
Source: Big Sky Real Estate #539220 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $38,443 +4.8% | $5,622,709 +6.1% |
| 2024 | $36,674 +11% | $5,298,057 +10% |
| 2023 | $33,054 +9% | $4,816,415 +7.2% |
| 2022 | $30,335 +56% | $4,492,503 +113.6% |
| 2021 | $19,442 +15.7% | $2,103,677 +10% |
| 2020 | $16,811 | $1,912,434 -28.8% |
| 2019 | $16,811 +4.7% | $2,685,604 +30% |
| 2018 | $16,055 +17.7% | $2,065,938 +32.6% |
| 2017 | $13,646 +20.3% | $1,557,950 +3.9% |
| 2016 | $11,342 +1.4% | $1,499,624 +193.7% |
| 2015 | $11,187 | $510,655 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$49,853/mo
Principal & interest
$43737
Property taxes
$6116
Climate risks
Neighborhood: 33037
Nearby schools
GreatSchools rating
- 8/10Key Largo SchoolGrades: PK-8Distance: 13.1 mi
- 4/10Coral Shores High SchoolGrades: 9-12Distance: 27.5 mi





