Unrivaled boating access via the exclusive Members' Channel truly elevates this exceptional waterfront estate. Boasting 120 feet of newly renovated seawall, this charming 3-bedroom, single-story residence stands as one of the premier properties within the prestigious Ocean Reef community. Inside, the home transitions seamlessly to an expansive pool deck framed by breathtaking, long-canal vistas. Perfectly positioned for the ultimate resort lifestyle, you are just moments away from the vibrant Fishing Village and Buccaneer Island.
For sale
$11,250,000
32 Channel Cay Rd, Key Largo, FL 33037
3beds
2,375sqft
Single Family Residence
Built in 1969
0.41 Acres Lot
$10,423,800 Zestimate®
$4,737/sqft
$-- HOA
What's special
Breathtaking long-canal vistasExpansive pool deck
- 26 days
- 641
- 26
Zillow last checked:
Listing updated:
Listed by:
Wendy Brainard,
Ocean Reef Club Sotheby's International Realty
Source: CLS at Ocean Reef,MLS#: 5052
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Appliances
- Included: Washer, Dryer, Dishwasher, Refrigerator, Microwave
- Laundry: Laundry Room
Features
- Office/Den
- Windows: Impact Glass
- Furnished: Yes
Interior area
- Total structure area: 2,375
- Total interior livable area: 2,375 sqft
Video & virtual tour
Property
Features
- Stories: 1
- Patio & porch: Terrace, Deck/Patio
- Exterior features: Dock, Porte-Cochere
- On waterfront: Yes
Lot
- Size: 0.41 Acres
Details
- Parcel number: 00569425000000
- Special conditions: Traditional
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1969
- Major remodel year: 2012
Community & HOA
Community
- Subdivision: Not Condo or Condo Outside MLS Area
Location
- Region: Key Largo
Financial & listing details
- Price per square foot: $4,737/sqft
- Tax assessed value: $9,059,650
- Annual tax amount: $46,805
- Date on market: 10/3/2026
Estimated market value
$10,423,800
$9.90M - $10.94M
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/3/2026 | Listed for sale | $11,250,000-5.9%$4,737/sqft |
Source:  CLS at Ocean Reef #5052 Report a problem | ||
| 2/15/2026 | Listing removed | $11,950,000$5,032/sqft |
Source: CLS at Ocean Reef #2940 Report a problem | ||
| 12/4/2025 | Listed for sale | $11,950,000-2.4%$5,032/sqft |
Source: CLS at Ocean Reef #2940 Report a problem | ||
| 5/1/2025 | Listing removed | $12,250,000$5,158/sqft |
Source: CLS at Ocean Reef #2654 Report a problem | ||
| 4/2/2025 | Listed for sale | $12,250,000-5.4%$5,158/sqft |
Source: CLS at Ocean Reef #2654 Report a problem | ||
| 2/9/2024 | Listed for sale | $12,950,000+407.8%$5,453/sqft |
Source: CLS at Ocean Reef #2654 Report a problem | ||
| 2/14/2012 | Sold | $2,550,000-10.5%$1,074/sqft |
Source: Public Record Report a problem | ||
| 10/2/2011 | Listed for sale | $2,850,000$1,200/sqft |
Source: Russell Post Sotheby's International Realty #1698245 Report a problem | ||
Public tax history
Tax history is unavailable.
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 33037
Similar homes
- $7,350,0003 bd3 ba1.7k sqft311 Carysfort Rd, Key Largo, FL 33037For Sale
MLS ID #5057, Mary Lee. CLS at Ocean Reef - $13,800,0004 bd5 ba3.4k sqft9 Grayvik Drive - Ocean Reef, Key Largo, FL 33037For Sale
MLS ID #5041, Cassy Everhart, Morgan Smith. CLS at Ocean Reef - $11,995,0005 bd6 ba3.2k sqft402 Carysfort Rd, Key Largo, FL 33037For Sale
MLS ID #4990, John Grunow. CLS at Ocean Reef - $15,000,0004 bd3 ba2.6k sqft32 E Snapper Point Dr, Key Largo, FL 33037For Sale By Owner
