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Sold for $3,825,000
  • $3,825,000

    12 Mahogany Ln, Key Largo, FL 33037

    3beds
    2,083sqft
    Single Family Residence
    Built in 1988
    0.43 Acres Lot
    $3,826,000 Zestimate®
    $1,836/sqft
    $5,954 Estimated rent

    Home value

    $3,826,000

    $3.44M - $4.25M

    $5,954/mo

    Zestimate® history
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    What's special

    Serene lake viewsSingle-level floor planGenerously sized homesitePeaceful lakefront settingVaulted ceilingsStriking variety of orchidsQuiet tree-lined street
    Tucked away along a quiet, tree-lined street in the Hammock area of Ocean Reef Club, 12 Mahogany Lane offers a rare opportunity to enjoy privacy, natural beauty, and a peaceful lakefront setting. Known for its lush landscapes, world class golf course, and tranquil atmosphere, the Hammock neighborhood is a favorite for those seeking a more relaxed pace—yet remains just minutes by golf cart to all of Ocean Reef's world-class amenities. Set on a generously sized homesite with serene lake views, the property is surrounded by mature tropical trees adorned with a striking variety of orchids, creating a setting that feels both private and distinctly special. With only a handful of homes along Mahogany Lane, this is a truly quiet and intimate enclave. The home is elevated on pilings and offers generous covered parking and storage below. An elevator provides convenient access from the garage level to the main living areas and pool deck. The single-level floor plan features three bedrooms and three baths, with vaulted ceilings and sliding glass doors that open to outdoor living spaces, filling the home with natural light and capturing the peaceful lakefront views. Lovingly maintained over the years, the residence presents a wonderful opportunity for its next owner. Whether reimagined with thoughtful updates or used as the foundation for a brand-new custom home, the property offers flexibility to create a vision tailored to today's lifestyle. With its idyllic Hammock setting, picturesque lake views, and close proximity to the Club's amenities, 12 Mahogany Lane represents a compelling opportunity to enjoy the best of Ocean Reef living—private, peaceful, and full of potential.

    Zillow last checked:

    Listing updated:

    Listed by:

    Post/ Taylor Group,

    Ocean Reef Club Sotheby's International Realty

    Bought with:

    Cassy Everhart, Morgan Smith

    Ocean Reef Club Sotheby's International Realty

    Source: CLS at Ocean Reef,MLS#: 5011MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Appliances
    • Included: Washer, Dryer
    Features
    • Windows: Accordian Shutters
    • Furnished: Yes
    Interior area
    • Total structure area: 2,083
    • Total interior livable area: 2,083 sqft

    Property

    Features
    • Stories: 1
    Lot
    • Size: 0.43 Acres
    Details
    • Parcel number: 00573690001200
    • Special conditions: Traditional

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • As Is
    • New construction: No
    • Year built: 1988

    Community & neighborhood

    Location
    • Region: Key Largo
    • Subdivision: Not Condo or Condo Outside MLS Area

    Price history

    DateEventPrice
    6/17/2026Sold$3,825,000-12.1%$1,836/sqft
    Source: CLS at Ocean Reef #5011 Report a problem
    5/4/2026Pending sale$4,350,000$2,088/sqft
    Source: CLS at Ocean Reef #5011 Report a problem
    4/9/2026Listed for sale$4,350,000+1142.9%$2,088/sqft
    Source: CLS at Ocean Reef #5011 Report a problem
    3/3/1994Sold$350,000$168/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$20,155 +10.3%$2,299,718 +10%
    2024$18,278 +7.3%$2,090,653 +10%
    2023$17,039 +42.7%$1,900,594 +10%
    2022$11,941 +7.9%$1,727,813 +15.4%
    2021$11,063 +1.4%$1,497,174 +3.4%
    2020$10,912 $1,448,512 -1.9%
    2019$10,912 +5%$1,477,019 +8.3%
    2018$10,395 +6.5%$1,364,369 +3.4%
    2017$9,758 +6.6%$1,319,512 +32.4%
    2016$9,152 +13.2%$996,482 +10.8%
    2015$8,082 $899,413

    Find assessor info on the county website

    Neighborhood: 33037

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $3,826,000
    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
    $3,826,000