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Sold for $5,750,000
  • $5,750,000

    5 Ocean Reef Dr, Ocean Reef, FL 33037

    3beds
    2,650sqft
    Single Family Residence
    Built in 1968
    0.4 Acres Lot
    $5,762,600 Zestimate®
    $2,170/sqft
    $7,421 Estimated rent

    Home value

    $5,762,600

    $5.01M - $6.57M

    $7,421/mo

    Zestimate® history
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    What's special

    New hvacLandscape designNew drivewayNew pool equipmentNew refrigerator and hoodLush new lawn
    A "wow" turn-key home in the heart of Ocean Reef Club! Beautifully appointed, bright, airy, and cheery, this home is perfect for families or entertaining guests. It features three bedrooms, plus a bunk room with two bunk beds. This home is ready to enjoy and is centrally located, a quick walk to Buccanear Island, Fishing Village, and the club's amenities. Recent upgrades include new furnishings, new HVAC, new pool equipment, new refrigerator and hood, new driveway, lush new lawn, landscape design, and exterior lighting. And inside, all lighting and electrical systems are brand new, offering both style and peace of mind. Enjoy this home with your family and make memories to last a lifetime, or put it in the rental program. It is a fan favorite! All smiles to be found at 5 Ocean Reef Drive. Come see this happy home today! "Ocean Reef Club is a private, 2,500-acre club community at the northern tip of Key Largo, offering an unmatched lifestyle in the Florida Keys. Members enjoy two championship golf courses, a world-class 175-slip marina, private airport, tennis and pickleball, a full-service spa and fitness center, and a wide selection of dining, shopping, and cultural venues. With its own medical center, school, and even a private beach club on Buccaneer Island, Ocean Reef provides a truly complete, secure, and resort-style way of life—making it one of the most exclusive communities in the country."

    Zillow last checked:

    Listing updated:

    Listed by:

    Parris Everhart,

    Ocean Reef Club Sotheby's International Realty

    Bought with:

    William (Bill) Henneberry, SL3371844

    Ocean Reef Club Sotheby's International Realty

    Source: CLS at Ocean Reef,MLS#: 2893MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Appliances
    • Included: Washer, Dryer, Dishwasher, Microwave
    • Laundry: Laundry Closet
    Features
    • Windows: Impact Glass
    • Has fireplace: Yes
    • Furnished: Yes
    Interior area
    • Total structure area: 2,650
    • Total interior livable area: 2,650 sqft

    Property

    Features
    • Stories: 1
    • Patio & porch: Terrace, Deck/Patio
    Lot
    • Size: 0.40 Acres
    Details
    • Parcel number: 00571760000000
    • Special conditions: Traditional

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • New construction: No
    • Year built: 1968
    • Major remodel year: 2022

    Community & neighborhood

    Location
    • Region: Ocean Reef
    • Subdivision: Not Condo or Condo Outside MLS Area

    Price history

    DateEventPrice
    1/26/2026Sold$5,750,000-4.1%$2,170/sqft
    Source: Public Record Report a problem
    12/1/2025Pending sale$5,995,000$2,262/sqft
    Source: CLS at Ocean Reef #2893 Report a problem
    9/24/2025Listed for sale$5,995,000+33.2%$2,262/sqft
    Source: CLS at Ocean Reef #2893 Report a problem
    5/6/2024Sold$4,500,000-9.9%$1,698/sqft
    Source: Public Record Report a problem
    4/8/2024Pending sale$4,995,000$1,885/sqft
    Source: CLS at Ocean Reef #2609 Report a problem
    2/28/2024Price change$4,995,000-5.6%$1,885/sqft
    Source: CLS at Ocean Reef #2609 Report a problem
    2/16/2024Price change$5,290,000-3.6%$1,996/sqft
    Source: CLS at Ocean Reef #2609 Report a problem
    11/7/2023Listed for sale$5,490,000+40.8%$2,072/sqft
    Source: CLS at Ocean Reef #2609 Report a problem
    5/5/2023Sold$3,900,000-9.3%$1,472/sqft
    Source: CLS at Ocean Reef #2451 Report a problem
    1/16/2023Pending sale$4,300,000$1,623/sqft
    Source: CLS at Ocean Reef #2451 Report a problem
    1/4/2023Price change$4,300,000-7.5%$1,623/sqft
    Source: CLS at Ocean Reef #2451 Report a problem
    12/26/2022Listed for sale$4,650,000+299.1%$1,755/sqft
    Source: CLS at Ocean Reef #2451 Report a problem
    7/16/2004Sold$1,165,000+60.7%$440/sqft
    Source: Public Record Report a problem
    1/28/2000Sold$725,000+70.6%$274/sqft
    Source: Public Record Report a problem
    11/20/1997Sold$425,000$160/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$25,590 +13%$3,714,136 +12.3%
    2024$22,652 +58.8%$3,306,033 +136.8%
    2023$14,262 +23.1%$1,396,074 +10%
    2022$11,588 +34.4%$1,269,158 +10%
    2021$8,621 +6.9%$1,153,780 +8%
    2020$8,065 $1,068,180 +2.1%
    2019$8,065 +4.1%$1,046,522 -0.1%
    2018$7,747 +2.6%$1,048,003 +3.9%
    2017$7,552 +6.8%$1,008,490 +4.4%
    2016$7,071 +1.5%$965,924 +0.9%
    2015$6,965 $957,720

    Find assessor info on the county website

    Neighborhood: 33037

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $5,762,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $5,762,600