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.
For sale by owner
$8,900,000
68 Angelfish Cay Dr, Key Largo, FL 33037
6beds
6,000sqft
Est.:
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
- 52 days |
- 646 |
- 19 |
Listed by:
Property Owner (970) 379-7950
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
Estimated market value
Not available
Estimated sales range
Not available
$5,839/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/12/2026 | Listed for sale | $8,900,000-10.8%$1,483/sqft |
Source: Owner Report a problem | ||
| 10/12/2025 | Listing removed | $9,975,000$1,663/sqft |
Source: | ||
| 4/11/2025 | Listed for sale | $9,975,000+1195.5%$1,663/sqft |
Source: | ||
| 5/11/1998 | Sold | $770,000$128/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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
Nearby schools
GreatSchools rating
- 8/10Key Largo SchoolGrades: PK-8Distance: 13.5 mi
- 4/10Coral Shores High SchoolGrades: 9-12Distance: 27.9 mi
Local experts in 33037
- Florida
- Monroe County
- Key Largo
- 33037
- 68 Angelfish Cay Dr





