Gracious waterfront living awaits at 35 Angelfish Cay Drive, a beautifully renovated canal-front residence in the heart of Ocean Reef Club, Key Largo's premier private club. Perfectly positioned on a deep-water canal with 120 feet of canal frontage, this home offers quick and effortless access to offshore fishing, snorkeling, and diving—an ideal retreat for boating and water-sport enthusiasts. Originally built in 2006 and elegantly reimagined in 2023, the home spans 6,300 square feet of refined interiors designed for relaxed yet luxury living. Featuring 5 bedrooms, 4 full baths, and 2 half baths, the residence offers abundant space for family and guests. Light-filled living areas flow seamlessly into a gourmet kitchen, multiple entertaining spaces, and expansive windows framing tranquil water views. Outside, a generous pool deck invites lounging and gatherings, with gentle steps leading to the private dock—perfect for keeping boats, paddleboards, and all your favorite water toys at the ready. Ideally located within Ocean Reef's amenity-rich environment, this home blends privacy, convenience, and timeless elegance for an unparalleled island lifestyle.
For sale
$19,875,000
35 Angelfish Cay Dr, Key Largo, FL 33037
5beds
6,343sqft
Single Family Residence
Built in 2006
0.41 Acres Lot
$17,640,900 Zestimate®
$3,133/sqft
$-- HOA
What's special
Beautifully renovated canal-front residenceGourmet kitchenMultiple entertaining spaces
- 158 days |
- 520 |
- 14 |
Zillow last checked:
Listing updated:
Listed by:
Post/ Taylor Group,
Ocean Reef Club Sotheby's International Realty
Source: CLS at Ocean Reef,MLS#: 3963
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 4
- 1/2 bathrooms: 2
Appliances
- Included: Washer
- Laundry: Laundry Room
Interior area
- Total structure area: 6,343
- Total interior livable area: 6,343 sqft
Video & virtual tour
Property
Features
- Stories: 2
- Exterior features: Dock, Outdoor Kitchen
- On waterfront: Yes
Lot
- Size: 0.41 Acres
Details
- Parcel number: 00569441003500075941
- Special conditions: Traditional
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 2006
- Major remodel year: 2023
Community & HOA
Community
- Subdivision: Not Condo or Condo Outside MLS Area
Location
- Region: Key Largo
Financial & listing details
- Price per square foot: $3,133/sqft
- Tax assessed value: $12,716,903
- Annual tax amount: $78,876
- Date on market: 1/23/2026
Estimated market value
$17,640,900
$16.76M - $18.70M
$83,741/mo
Price history
| Date | Event | Price |
|---|---|---|
| 1/23/2026 | Listed for sale | $19,875,000+78.3%$3,133/sqft |
Source:  CLS at Ocean Reef #3963 Report a problem | ||
| 3/22/2023 | Sold | $11,150,000-14.2%$1,758/sqft |
Source: CLS at Ocean Reef #2403 Report a problem | ||
| 2/6/2023 | Pending sale | $12,995,000$2,049/sqft |
Source: CLS at Ocean Reef #2403 Report a problem | ||
| 2/6/2023 | Listed for sale | $12,995,000$2,049/sqft |
Source: CLS at Ocean Reef #2403 Report a problem | ||
| 1/22/2023 | Pending sale | $12,995,000$2,049/sqft |
Source: CLS at Ocean Reef #2403 Report a problem | ||
| 12/7/2022 | Price change | $12,995,000-13.3%$2,049/sqft |
Source: CLS at Ocean Reef #2403 Report a problem | ||
| 11/16/2022 | Price change | $14,995,000-21.1%$2,364/sqft |
Source: CLS at Ocean Reef #2403 Report a problem | ||
| 8/2/2022 | Price change | $18,995,000-13.6%$2,995/sqft |
Source: CLS at Ocean Reef #2403 Report a problem | ||
| 7/12/2022 | Listed for sale | $21,995,000+2738.1%$3,468/sqft |
Source: CLS at Ocean Reef #2403 Report a problem | ||
| 1/24/1995 | Sold | $775,000+357.5%$122/sqft |
Source: Public Record Report a problem | ||
| 6/21/1994 | Sold | $169,400$27/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $79,453 +3.7% | $11,751,901 +2.9% |
| 2024 | $76,644 +0.1% | $11,420,701 +1.6% |
| 2023 | $76,529 +19.7% | $11,240,137 +17.8% |
| 2022 | $63,954 +150.4% | $9,545,561 +167.3% |
| 2021 | $25,541 +0.6% | $3,570,829 +1.4% |
| 2020 | $25,379 | $3,521,528 +2.3% |
| 2019 | $25,379 +2.1% | $3,442,354 +1.9% |
| 2018 | $24,850 -0.4% | $3,378,169 +2.1% |
| 2017 | $24,951 +2.3% | $3,308,687 +2.1% |
| 2016 | $24,396 -3.2% | $3,240,634 +0.7% |
| 2015 | $25,211 | $3,218,107 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: 13.5 mi
- 5/10Coral Shores High SchoolGrades: 9-12Distance: 28 mi
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- Florida
- Monroe County
- Key Largo
- 33037
- 35 Angelfish Cay Dr
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