Skip main navigation
For sale by owner
  • $8,900,000

    68 Angelfish Cay Dr, Key Largo, FL 33037

    6beds
    6,000sqft
    : 
    SingleFamily
    Built in 1976
    0.4 Acres Lot
    $-- Zestimate®
    $1,483/sqft
    $383/mo HOA

    What's special

    Tanning ledgeDedicated cabana bathSix bedroomsSeven-and-a-half bathsProtected dockageSummer kitchenCovered terrace
    68 Angelfish Cay Dr, Key Largo, FL 33037 Offered at $8,900,000 Prime Ocean Reef Club property offering exceptional redevelopment potential, with plans for a 6,000± SF residence and an approximately 3,800± SF garage. Ideally positioned on a deep-water canal with 78 feet of frontage, the property provides protected dockage and convenient access to offshore fishing, snorkeling, and diving—ideal for boating and water-sport enthusiasts. The proposed residence features six bedrooms and seven-and-a-half baths, thoughtfully designed for comfort, privacy, and flexibility. The ground level is anchored by a primary suite with canal views, a spa-like bath, and a private office or fitness room. A second guest suite with an adjacent office is also located on the main level. The second floor offers four additional en-suite bedrooms, all enjoying canal views. The expansive living room opens seamlessly to a covered terrace, outdoor dining area, summer kitchen, and a resort-style infinity-edge pool and spa that visually blend with the canal. Outdoor amenities include a private dock with adjacent seating, lounge area with retractable canopy, tanning ledge, dedicated cabana bath, and multiple covered lounging areas—ideal for both entertaining and everyday relaxation. Designed for multigenerational living, the home includes an elevator for ease of access between levels. Light-filled interiors flow into a gourmet kitchen and multiple gathering spaces, with expansive windows framing serene water views. The generous pool deck leads directly to the dock, perfect for boats, paddleboards, and water toys. The approximately 3,800± SF garage is designed as a highly flexible space, accommodating up to six vehicles, golf carts, bicycles, and extensive boat and water-toy storage, with additional room for a playroom, recreation area, or workshop. Elevator access connects the garage to the residence, offering exceptional convenience and adaptability to a variety of lifestyle needs. Located within the gated 2,500-acre Ocean Reef Club, offering a private airport, championship golf, deep-water marina, tennis, spa, fine dining, and world-class security. The property currently includes an existing approximately 2,050± SF, two-bedroom residence with an open floor plan, pool, and multiple outdoor decks. The home offers the flexibility to occupy or rent while plans are finalized, or to proceed directly with redevelopment.
    52 days
    |
    646
    |
    19
    |
    Listed by:

    Property Owner (970) 379-7950

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 8
      • Full bathrooms: 7
      • 1/2 bathrooms: 1
      Heating
      • Forced air
      Features
      • Flooring: Other
      • Has fireplace: No
      Interior area
      • Total interior livable area: 6,000 sqft

      Property

      Parking
      • Total spaces: 6
      • Parking features: Garage - Attached
      Features
      • Exterior features: Other
      • Has spa: Yes
      • Has view: Yes
      • View description: Water
      • Has water view: Yes
      • Water view: Water
      Lot
      • Size: 0.4 Acres
      Details
      • Parcel number: 00569441006800

      Construction

      Type & style
      • Home type: SingleFamily
      Materials
      • Foundation: Slab
      • Roof: Built-up
      Condition
      • New construction: No
      • Year built: 1976

      Community & HOA

      HOA
      • Has HOA: Yes
      • HOA fee: $383 monthly
      Location
      • Region: Key Largo

      Financial & listing details

      • Price per square foot: $1,483/sqft
      • Tax assessed value: $8,780,606
      • Annual tax amount: $14,722
      • Date on market: 2/12/2026
      Get pre-qualifiedBe ready to make an offer.
      Connect with an agentGet info on this home, tour, and more.
      Calculate monthly paymentSee if you can afford this home.

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $5,839/mo

        Price history

        Price history
        DateEventPrice
        2/12/2026Listed for sale$8,900,000-10.8%$1,483/sqft
        Source: Owner Report a problem
        10/12/2025Listing removed$9,975,000$1,663/sqft
        Source: CLS at Ocean Reef #2856 Report a problem
        4/11/2025Listed for sale$9,975,000+1195.5%$1,663/sqft
        Source: CLS at Ocean Reef #2856 Report a problem
        5/11/1998Sold$770,000$128/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$14,722 +3.5%$2,144,892 +2.9%
        2024$14,222 +2.4%$2,084,444 +3%
        2023$13,888 +4.7%$2,023,733 +3%
        2022$13,259 -3.3%$1,964,790 +3%
        2021$13,709 +0.7%$1,907,564 +1.4%
        2020$13,619 $1,881,227 +2.3%
        2019$13,619 +2.1%$1,838,932 +1.9%
        2018$13,334 -0.3%$1,804,644 +2.1%
        2017$13,380 +2.3%$1,767,526 +2.1%
        2016$13,080 -3.2%$1,731,172 +0.7%
        2015$13,508 $1,719,138

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $50,847/mo
        Principal & interest
        $44382
        Property taxes
        $6082
        HOA Fees
        $383
        More affordability tools

          Climate risks

          Neighborhood: 33037

          Getting around

          29 / 100
          Car-Dependent
          55 / 100
          Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 33037

          Similar homes

          Skip to the end of the carouselSkip to the beginning of the carousel