Quintessential Florida Keys luxury awaits the most discerning buyer at 35 Cardinal Lane. Set on one of Ocean Reef's most prestigious waterfront homesites, this exceptional 42,750-square-foot parcel boasts an impressive 356 feet of water frontage along Angelfish Creek, offering abundant dockage and commanding, panoramic water views. Tucked away in a private, serene setting, the property presents a rare opportunity for an exquisite renovation or the creation of an extraordinary custom estate. The existing residence spans approximately 8,415 square feet and includes four bedrooms, four-and-a-half baths, and a dedicated office, providing a generous foundation for future vision. Ideally located within the exclusive Ocean Reef Club community, this offering represents a truly remarkable canvas in one of the Florida Keys' most coveted enclaves.
For sale
$23,000,000
35 Cardinal Ln, Key Largo, FL 33037
4beds
8,415sqft
Single Family Residence
Built in 1995
0.98 Acres Lot
$24,254,400 Zestimate®
$2,733/sqft
$-- HOA
What's special
Four-and-a-half bathsFour bedroomsDedicated officePrivate serene settingAbundant dockagePrestigious waterfront homesiteCommanding panoramic water views
- 833 days |
- 784 |
- 29 |
Zillow last checked:
Listing updated:
Listed by:
Amy Fernandez,
Ocean Reef Club Sotheby's International Realty
Source: CLS at Ocean Reef,MLS#: 2675
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Appliances
- Included: Washer, Dryer, Dishwasher, Microwave
Features
- Has fireplace: Yes
Interior area
- Total structure area: 8,415
- Total interior livable area: 8,415 sqft
Video & virtual tour
Property
Features
- Stories: 2
- Exterior features: Dock
Lot
- Size: 0.98 Acres
Details
- Parcel number: 00569444000200
- Special conditions: Traditional
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- As Is
- New construction: No
- Year built: 1995
Community & HOA
Community
- Subdivision: Not Condo or Condo Outside MLS Area
Location
- Region: Key Largo
Financial & listing details
- Price per square foot: $2,733/sqft
- Tax assessed value: $15,607,455
- Annual tax amount: $101,456
- Date on market: 3/7/2024
Estimated market value
$24,254,400
$22.80M - $26.19M
$9,783/mo
Price history
| Date | Event | Price |
|---|---|---|
| 2/5/2026 | Price change | $23,000,000-17.9%$2,733/sqft |
Source: | ||
| 3/7/2024 | Listed for sale | $28,000,000$3,327/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $105,684 +7.7% | $15,607,455 +7% |
| 2024 | $98,102 +10.9% | $14,590,890 +12.2% |
| 2023 | $88,431 +199.6% | $12,998,724 +194.9% |
| 2022 | $29,512 -3.5% | $4,408,202 +3% |
| 2021 | $30,581 +0.6% | $4,279,808 +1.4% |
| 2020 | $30,388 | $4,220,718 +2.3% |
| 2019 | $30,388 +2.1% | $4,125,825 +1.9% |
| 2018 | $29,756 -0.4% | $4,048,896 +2.1% |
| 2017 | $29,879 +2.3% | $3,965,619 +2.1% |
| 2016 | $29,215 -3.2% | $3,884,054 +0.7% |
| 2015 | $30,196 | $3,857,055 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 33037
Nearby schools
GreatSchools rating
- 8/10Key Largo SchoolGrades: PK-8Distance: 14.8 mi
- 5/10Coral Shores High SchoolGrades: 9-12Distance: 29.3 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Florida
- Monroe County
- Key Largo
- 33037
- 35 Cardinal Ln





