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For sale
  • $22,775,000

    40 Cardinal Ln, Key Largo, FL 33037

    5beds
    7,392sqft
    : 
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    Single Family Residence
    Built in 2026
    0.6 Acres Lot
    $21,231,700 Zestimate®
    $3,081/sqft
    $-- HOA

    What's special

    Private sanctuaryPrivate loggiaOutdoor kitchenPool deckDual islandsAbundant natural lightBright breakfast room
    A striking new construction estate, set for completion early summer 2026, 40 Cardinal Lane offers refined coastal living on an oversized lot and a half in Sunrise Cay. Designed with timeless Palm Beach flair and built to the highest standards, the home seamlessly blends elegance with comfort. A gracious entry leads to a dramatic two-story living room with coffered ceilings and abundant natural light. The main living spaces feature custom millwork, stone flooring, and a fireplace, all opening seamlessly to expansive covered outdoor areas designed for year-round enjoyment. The chef's kitchen is a true centerpiece with dual islands, premium appliances, custom cabinetry, and a bright breakfast room. A pantry, mudroom, and elevator add to the home's thoughtful design. The first-floor primary suite is a private sanctuary with a spa-like bath, dual showers, freestanding soaking tub, inlaid marble flooring, and generous his-and-her closets. A private loggia opens directly to the pool deck. Upstairs, four spacious guest suites with ensuite baths offer comfort and privacy, along with a quiet reading nook and an oversized sun deck capturing sweeping ocean views. Lagoon views from the first floor create a tranquil setting, while the second floor enjoys elevated ocean vistas. Outdoor living is exceptional with a resort-style pool and spa, outdoor kitchen, and multiple covered terraces with cypress ceilings. The backyard features private putting and chipping greens, creating a golfer's retreat. Floating dockage behind the home allows convenient access to both the bay and ocean. Additional highlights include a large finished garage and exceptional craftsmanship throughout.
    83 days
    |
    318
    |
    17
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Post/ Taylor Group,

    Ocean Reef Club Sotheby's International Realty

    Source: CLS at Ocean Reef,MLS#: 5002MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 7
      • Full bathrooms: 6
      • 1/2 bathrooms: 1
      Appliances
      • Included: Washer, Dryer, Dishwasher, Freezer, Refrigerator, Microwave
      • Laundry: Laundry Room
      Features
      • Windows: Impact Glass
      • Number of fireplaces: 1
      Interior area
      • Total structure area: 7,392
      • Total interior livable area: 7,392 sqft

      Property

      Features
      • Stories: 2
      • Exterior features: Dock
      Lot
      • Size: 0.6 Acres
      Details
      • Parcel number: 00569444000800
      • Special conditions: Traditional

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Condition
      • New construction: No
      • Year built: 2026

      Community & HOA

      Community
      • Subdivision: Not Condo or Condo Outside MLS Area
      Location
      • Region: Key Largo

      Financial & listing details

      • Price per square foot: $3,081/sqft
      • Tax assessed value: $7,709,852
      • Annual tax amount: $51,811
      • Date on market: 3/27/2026
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        Estimated market value

        $21,231,700

        $20.17M - $22.29M

        $3,905/mo

        Price history

        DateEventPrice
        3/27/2026Listed for sale$22,775,000+4%$3,081/sqft
        Source: CLS at Ocean Reef #5002 Report a problem
        4/19/2023Listing removed--
        Source: CLS at Ocean Reef Report a problem
        10/31/2022Listed for sale$21,900,000$2,963/sqft
        Source: CLS at Ocean Reef #2308 Report a problem
        9/30/2022Listing removed--
        Source: CLS at Ocean Reef Report a problem
        12/24/2021Listed for sale$21,900,000+180.8%$2,963/sqft
        Source: CLS at Ocean Reef #2308 Report a problem
        9/10/2021Sold$7,800,000-1.3%$1,055/sqft
        Source: CLS at Ocean Reef #1198 Report a problem
        6/21/2021Pending sale$7,900,000$1,069/sqft
        Source: CLS at Ocean Reef #1198 Report a problem
        4/14/2021Listed for sale$7,900,000$1,069/sqft
        Source: CLS at Ocean Reef #1198 Report a problem
        2/25/2021Pending sale$7,900,000$1,069/sqft
        Source: Ocean Reef Club Sotheby's International Realty #1198 Report a problem
        3/8/2017Price change$7,900,000-11.2%$1,069/sqft
        Source: Russell Post Sotheby's International Realty #1198 Report a problem
        11/4/2016Listed for sale$8,900,000-28.8%$1,204/sqft
        Source: Russell Post Sotheby's International Realty #1198 Report a problem
        12/13/2010Listing removed$12,500,000$1,691/sqft
        Source: Russell Post Sotheby's International Realty #8626789 Report a problem
        12/12/2009Listed for sale$12,500,000$1,691/sqft
        Source: Russell Post Sotheby's International Realty #8626789 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$51,811 +11%$7,680,759 +10%
        2024$46,684 +15.5%$6,982,508 +16.9%
        2023$40,426 -10.3%$5,973,223 -11.8%
        2022$45,072 +42.8%$6,774,649 +52.7%
        2021$31,559 +6.9%$4,436,371 +7.7%
        2020$29,524 $4,118,172 +3%
        2019$29,524 +2.8%$3,999,913 +6.1%
        2018$28,729 +2.2%$3,770,149 +2.1%
        2017$28,117 +2.2%$3,694,411 -47.6%
        2016$27,511 -48%$7,044,733 +1.2%
        2015$52,919 $6,958,516

        Find assessor info on the county website

        Monthly payment

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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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          Climate risks

          Neighborhood: 33037

          Getting around

          0 / 100
          Car-Dependent
          46 / 100
          Somewhat Bikeable

          Nearby schools

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