For sale

$9,900,000

48 Sunrise Cay Dr, Key Largo, FL 33037

4beds

5,031sqft

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Single Family Residence

Built in 1988

0.45 Acres Lot

$8,989,500 Zestimate^®

$1,968/sqft

$-- HOA

What's special

Wonderfully refreshedExtensive tackle roomSubstantial two car garage

Wonderfully refreshed! Beautifully decorated four bedroom waterfront Sunrise Cay home. Far reaching views from the second floor of the bay and ocean. Ocean breezes from the front travel through to the back deck for sunset views. The primary suite has expansive water views. The very large screened lower level accommodates all the needs of active boaters and fishing enthusiasts with an extensive tackle room and substantial two car garage. Positioned on a 19,500 square feet large lot and built with over 5,000 square feet of finished living space, this home offers wonderful space, PRIME location, ample sunlight from both directions. The perfect home to enjoy the gorgeous natural beauty of Ocean Reef! 72 ft of canal front for a 42 ft boat on a 38 foot dock.

205 days

419

9

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4
Full bathrooms: 4

Appliances

Included: Washer, Dryer, Dishwasher, Refrigerator, Microwave
Laundry: Laundry Room

Features

Private Elevator, Office/Den
Windows: Roll Down Shutters, Impact Glass

Interior area

Total structure area: 5,031
Total interior livable area: 5,031 sqft

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Property

Features

Stories: 3
Patio & porch: Terrace, Deck/Patio
Exterior features: Dock
Pool features: Pool Co: Reef Tropical
Spa features: Jacuzzi Co: Reef Tropical

Lot

Size: 0.45 Acres
Features: Sprinkler System

Details

Parcel number: 00569444001500
Special conditions: Traditional

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Corrugated Metal Panels

Condition

New construction: No
Year built: 1988

Utilities & green energy

Gas: Propane Tank-Owned

Community & HOA

Community

Subdivision: Not Condo or Condo Outside MLS Area

Location

Region: Key Largo

Financial & listing details

Price per square foot: $1,968/sqft
Tax assessed value: $6,631,748
Annual tax amount: $20,663
Date on market: 12/16/2025

Estimated market value

$8,989,500

$8.54M - $9.44M

$8,216/mo

Price history

Date	Event	Price
3/10/2026	Price change	$9,900,000-5.7%$1,968/sqft
Source: CLS at Ocean Reef #2942 Report a problem
12/16/2025	Listed for sale	$10,500,000-2.3%$2,087/sqft
Source: CLS at Ocean Reef #2942 Report a problem
7/6/2025	Listing removed	$10,750,000$2,137/sqft
Source: CLS at Ocean Reef #2804 Report a problem
2/23/2025	Price change	$10,750,000-6.5%$2,137/sqft
Source: CLS at Ocean Reef #2804 Report a problem
1/21/2025	Listed for sale	$11,500,000$2,286/sqft
Source: CLS at Ocean Reef #2804 Report a problem
6/11/2024	Listing removed	$11,500,000$2,286/sqft
Source: CLS at Ocean Reef #2650 Report a problem
2/6/2024	Listed for sale	$11,500,000+4.6%$2,286/sqft
Source: CLS at Ocean Reef #2650 Report a problem
4/19/2023	Listing removed	--
Source: CLS at Ocean Reef Report a problem
3/30/2023	Listed for sale	$10,995,000+228.2%$2,185/sqft
Source: CLS at Ocean Reef #2514 Report a problem
1/7/2019	Sold	$3,350,000-4.3%$666/sqft
Source: Public Record Report a problem
11/29/2018	Pending sale	$3,500,000$696/sqft
Source: Ocean Reef Club Sotheby's International Realty #1024 Report a problem
4/16/2018	Price change	$3,500,000-12.4%$696/sqft
Source: Ocean Reef Club Sotheby's International Realty #1024 Report a problem
3/16/2017	Listed for sale	$3,995,000-9.2%$794/sqft
Source: Russell Post Sotheby's International Realty #1024 Report a problem
7/11/2014	Listing removed	$4,400,000$875/sqft
Source: Russell Post Sotheby's International Realty #OR469 Report a problem
1/26/2014	Price change	$4,400,000-2.2%$875/sqft
Source: Russell Post Sotheby's International Realty #OR469 Report a problem
10/4/2013	Listed for sale	$4,500,000$894/sqft
Source: Russell Post Sotheby's International Realty #OR469 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$21,525 +3.7%	$3,149,996 +2.9%
2024	$20,753 +2.2%	$3,061,221 +3%
2023	$20,306 +4.8%	$2,972,060 +3%
2022	$19,385 -3.4%	$2,885,496 +3%
2021	$20,068 +0.6%	$2,801,453 +1.4%
2020	$19,939	$2,762,775 -11.3%
2019	$19,939 -12.4%	$3,113,454 +3%
2018	$22,764 +0.6%	$3,022,237 +0.8%
2017	$22,617 +0.9%	$2,999,604 -8.8%
2016	$22,409 -13.4%	$3,289,030 +62.2%
2015	$25,887	$2,028,376

Find assessor info on the county website

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