Welcome to this lovely 4-bedroom, 4-bathroom home, where elegance meets comfort in every detail. The entrance includes a scenic driveway lined with mature trees and blooming orchids—offering both privacy and a truly picturesque welcome. This home boasts soaring high ceilings, a spacious 3-car garage, and a seamless blend of indoor and outdoor living. Step outside to your personal resort oasis featuring a sparkling pool complete with in-water bar stools and a convenient pass-through bar—perfect for entertaining. A separate covered cabana invites year-round enjoyment with its cozy fire pit and outdoor shower, offering a true spa-like experience. Designed for both relaxation and gatherings, this home is an entertainer's dream and a serene retreat all in one.
For sale
$5,150,000
15 Thatch Palm Way, Ocean Reef, FL 33037
4beds
3,368sqft
Single Family Residence
Built in 1997
0.49 Acres Lot
$4,793,000 Zestimate®
$1,529/sqft
$-- HOA
What's special
Covered cabanaSparkling poolIn-water bar stoolsConvenient pass-through barBlooming orchidsPersonal resort oasisOutdoor shower
- 249 days |
- 353 |
- 11 |
Zillow last checked:
Listing updated:
Listed by:
Albert J Rourke III, Megan Lyons,
Ocean Reef Club Sotheby's International Realty
Source: CLS at Ocean Reef,MLS#: 2914
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Appliances
- Included: Washer, Dryer, Dishwasher, Freezer, Refrigerator, Microwave
Features
- Windows: Accordian Shutters
- Has fireplace: Yes
Interior area
- Total structure area: 3,368
- Total interior livable area: 3,368 sqft
Video & virtual tour
Property
Features
- Stories: 2
Lot
- Size: 0.49 Acres
Details
- Parcel number: 00573710002200
- Special conditions: Traditional
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- As Is
- New construction: No
- Year built: 1997
Community & HOA
Community
- Subdivision: Not Condo or Condo Outside MLS Area
Location
- Region: Ocean Reef
Financial & listing details
- Price per square foot: $1,529/sqft
- Tax assessed value: $4,076,647
- Annual tax amount: $25,262
- Date on market: 10/28/2025
Estimated market value
$4,793,000
$4.55M - $5.03M
$7,713/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/28/2025 | Listed for sale | $5,150,000-3.7%$1,529/sqft |
Source:  CLS at Ocean Reef #2914 Report a problem | ||
| 7/3/2025 | Listing removed | $5,350,000$1,588/sqft |
Source: CLS at Ocean Reef #2850 Report a problem | ||
| 4/4/2025 | Listed for sale | $5,350,000+40.8%$1,588/sqft |
Source: CLS at Ocean Reef #2850 Report a problem | ||
| 7/25/2022 | Sold | $3,800,000$1,128/sqft |
Source: Public Record Report a problem | ||
| 6/7/2022 | Pending sale | $3,800,000$1,128/sqft |
Source: CLS at Ocean Reef #2384 Report a problem | ||
| 5/24/2022 | Listed for sale | $3,800,000+111.1%$1,128/sqft |
Source: CLS at Ocean Reef #2384 Report a problem | ||
| 7/23/2015 | Listing removed | $1,800,000$534/sqft |
Source: Swenson & Ecuyer Realty #942 Report a problem | ||
| 7/8/2015 | Listed for sale | $1,800,000+80.2%$534/sqft |
Source: Swenson & Ecuyer Realty #942 Report a problem | ||
| 6/16/1998 | Sold | $999,000+951.6%$297/sqft |
Source: Public Record Report a problem | ||
| 6/20/1996 | Sold | $95,000$28/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $28,031 +6.5% | $4,076,647 +5.8% |
| 2024 | $26,315 +5.8% | $3,853,783 +6.8% |
| 2023 | $24,872 +129.1% | $3,607,374 +124.9% |
| 2022 | $10,858 -3.2% | $1,603,862 +3% |
| 2021 | $11,217 +0.7% | $1,557,148 +1.4% |
| 2020 | $11,142 | $1,535,649 +2.3% |
| 2019 | $11,142 +2.1% | $1,501,124 +1.9% |
| 2018 | $10,908 -0.3% | $1,473,135 +2.1% |
| 2017 | $10,943 +2.3% | $1,442,836 +2.1% |
| 2016 | $10,696 -3.1% | $1,413,160 +0.7% |
| 2015 | $11,042 | $1,403,337 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 33037
Nearby schools
GreatSchools rating
- 8/10Key Largo SchoolGrades: PK-8Distance: 11.3 mi
- 5/10Coral Shores High SchoolGrades: 9-12Distance: 25.8 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Florida
- Monroe County
- Key Largo
- 33037
- 15 Thatch Palm Way
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