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Sold for $5,750,000
  • $5,750,000

    1042 Sanctuary Ter #Penthouse 1, Key Largo, FL 33037

    4beds
    5,135sqft
    Condominium
    Built in 1998
    -- sqft lot
    $7,642,500 Zestimate®
    $1,120/sqft
    $7,523 Estimated rent

    Home value

    $7,642,500

    $6.50M - $9.02M

    $7,523/mo

    Zestimate® history
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    What's special

    Welcome to an exceptional penthouse condominium in the prestigious Sanctuary at Ocean Reef Club, where luxury meets serene coastal living. Perched atop with breathtaking views of the Atlantic Ocean and the picturesque Moorings Basin, this 4-bedroom, 4.5-bathroom residence offers an unparalleled lifestyle in one of the most sought-after locations. As you enter directly from your private elevator, you're greeted by an expansive open-concept floorplan designed for both entertaining and relaxation. Natural light streams in from the skylights above, enhancing the airy feel of the living spaces. Hurricane-impact windows and sliders ensure peace of mind, allowing you to enjoy the stunning vistas in safety and comfort. Three spacious screened-in balconies provide the perfect setting to unwind, whether you're savoring the ocean breeze or watching the boats in the basin. The primary balcony, located just off the living area, is ideal for outdoor dining or a peaceful morning coffee with unparalleled water views. The master suite is a private retreat, boasting its own screened balcony, two custom his-and-hers closets, and an expansive bathroom complete with dual vanities, a soaking tub, and a walk-in shower. Three additional guest suites, each with their own ensuite bath, offer privacy and comfort for family and friends. The kitchen, designed for the modern chef, features top-of-the-line appliances and ample counter space. The adjoining dining and living areas flow seamlessly, making it easy to entertain or simply enjoy everyday living with those spectacular ocean views as your backdrop. Additional features include a spacious laundry room, ample storage throughout the unit, and hurricane-impact windows for added protection. This penthouse is a rare opportunity to experience elevated living in the coveted Ocean Reef Club, with access to world-class amenities, including boating, golf, tennis, and more. Don't miss your chance to call this sanctuary your home!

    Zillow last checked:

    Listing updated:

    Listed by:

    Molly Taylor, Russell Post,

    Ocean Reef Club Sotheby's International Realty

    Bought with:

    Barbara Sibley, BK549939

    Ocean Reef Club Sotheby's International Realty

    Source: CLS at Ocean Reef,MLS#: 2735MLS Logo

    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
    • Granite Counters, Private Elevator, Office/Den
    • Windows: Impact Glass
    Interior area
    • Total structure area: 5,135
    • Total interior livable area: 5,135 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached, 2 Car Garage
    • Attached garage spaces: 2
    Accessibility
    • Accessibility features: Handicap Accessible
    Features
    • Stories: 1
    • Patio & porch: Deck/Patio
    • Pool features: Outdoor Pool
    Details
    • Parcel number: 00569448001700
    • Special conditions: Traditional

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Condominium
    • Property subtype: Condominium
    Condition
    • As Is
    • New construction: No
    • Year built: 1998

    Community & neighborhood

    Location
    • Region: Key Largo
    • Subdivision: Sanctuary, The

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $5,800 quarterly

    Price history

    DateEventPrice
    7/17/2025Sold$5,750,000-11.5%$1,120/sqft
    Source: CLS at Ocean Reef #2735 Report a problem
    6/28/2025Contingent$6,495,000$1,265/sqft
    Source: CLS at Ocean Reef #2735 Report a problem
    4/17/2025Price change$6,495,000-5.5%$1,265/sqft
    Source: CLS at Ocean Reef #2735 Report a problem
    10/3/2024Listed for sale$6,875,000+198.9%$1,339/sqft
    Source: CLS at Ocean Reef #2735 Report a problem
    1/10/2013Sold$2,300,000+9.5%$448/sqft
    Source: Public Record Report a problem
    1/22/2003Sold$2,100,000$409/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$36,573 +0.8%$5,345,016
    2024$36,285 +32.1%$5,345,016 +69.9%
    2023$27,461 +29.4%$3,145,209 +10%
    2022$21,221 +12.3%$2,859,281 +10%
    2021$18,904 -0.2%$2,599,346 +0.5%
    2020$18,943 $2,585,477 +7.8%
    2019$18,943 +7.4%$2,399,073
    2018$17,633 +2.7%$2,399,073 +2.8%
    2017$17,175 +6.5%$2,333,071 -6.2%
    2016$16,129 -3.7%$2,486,250
    2015$16,753 $2,486,250

    Find assessor info on the county website

    Neighborhood: 33037

    Nearby schools

    GreatSchools rating
    Get a cash offer in 3 minutes
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    Estimated market value
    $7,642,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $7,642,500