For sale

$5,350,000

28 Bay Ridge Rd, Key Largo, FL 33037

3beds

1,528sqft

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Single Family Residence

Built in 1968

0.45 Acres Lot

$5,044,400 Zestimate^®

$3,501/sqft

$-- HOA

What's special

Beautifully renovatedInviting lanaiThree-bedroom three-bathroom homeSpacious pool areaExpansive living spaces

Beautifully renovated and set across one and a half spectacular lots, this three-bedroom, three-bathroom home is nestled in one of Ocean Reef's most sought-after neighborhoods. Designed with both comfort and style in mind, it's the perfect setting for hosting family gatherings or entertaining friends. The expansive living spaces flow seamlessly into a spacious pool area and inviting lanai, creating an ideal backdrop for relaxed indoor-outdoor living.

37 days

378

7

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 3

Appliances

Included: Washer, Dryer, Dishwasher, Freezer, Refrigerator, Microwave

Features

Furnished: Yes

Interior area

Total structure area: 1,528
Total interior livable area: 1,528 sqft

Property

Accessibility

Accessibility features: Handicap Accessible

Features

Stories: 1

Lot

Size: 0.45 Acres

Details

Parcel number: 0051200000000
Special conditions: Traditional

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Condition

New construction: No
Year built: 1968

Community & HOA

Community

Subdivision: Not Condo or Condo Outside MLS Area

Location

Region: Key Largo

Financial & listing details

Price per square foot: $3,501/sqft
Tax assessed value: $3,794,611
Annual tax amount: $18,113
Date on market: 5/6/2026

Estimated market value

$5,044,400

$4.79M - $5.30M

$5,340/mo

Price history

Date	Event	Price
5/6/2026	Listed for sale	$5,350,000+256.7%$3,501/sqft
Source: CLS at Ocean Reef #5019 Report a problem
2/18/2020	Sold	$1,500,000-13%$982/sqft
Source: CLS at Ocean Reef #1767 Report a problem
2/3/2020	Pending sale	$1,725,000$1,129/sqft
Source: Ocean Reef Club Sotheby's International Realty #1767 Report a problem
9/10/2019	Listed for sale	$1,725,000+538.9%$1,129/sqft
Source: Ocean Reef Club Sotheby's International Realty #1767 Report a problem
4/7/1994	Sold	$270,000$177/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$18,868 +8.6%	$1,876,786 +10%
2024	$17,371 +11.1%	$1,706,169 +10%
2023	$15,632 +23%	$1,551,063 +10%
2022	$12,709 +33.3%	$1,410,057 +10%
2021	$9,532 +12%	$1,281,870 +18.7%
2020	$8,513	$1,079,576 +5.2%
2019	$8,513 +12%	$1,026,394 -0.3%
2018	$7,601 +2.5%	$1,029,923 +3.5%
2017	$7,417 +6.6%	$994,757 +1.6%
2016	$6,958 +0.2%	$978,874 +1%
2015	$6,945	$969,422

Find assessor info on the county website

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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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