LUXURY Indulge in this exquisite residence in the exclusive gated community of Ocean Cay, situated along the pristine shores of Port Largo on the island of Key Largo. This fabulous home offers a seamless blend of sophistication and functionality, starting with an impressive 100 feet of canal front and 85 feet of protected dockage featuring a 40,000-pound lift and davits. The deep-water canal provides direct access to the Atlantic Ocean with unparalleled fishing and beautiful reefs. Elegance and style are everywhere in the third-floor total remodel, highlighted by an expansive primary bedroom and bathroom. Pamper yourself in the epic shower and tub area, unwind with the coffee and wine bar, relax on the grand porch overlooking the ocean, and revel in the luxury of a spacious closet and wardrobe area. Outside, you will discover your private oasis--a pool and jacuzzi surrounded by an outdoor cabana and grill area. For those seeking a recreational lifestyle, this property offers unparalleled access to non-motorized activities right in front of your home by launching kayaks and paddleboards into the teeming waters rich with ocean life. Constructed with the utmost resilience, the residence has a sturdy concrete structure, a durable concrete roof providing 360-degree views of the island, and impact windows paired with shutters for double protection against the elements. Live the life you've always dreamed of in this waterfront sanctuary, where luxury and the Florida Keys Lifestyle converge perfectly.See the FULLY LOADED DELUXE LUXURY listing MLS 608360
Sold for $5,500,000
$5,500,000
541 Ocean Cay Dr, Key Largo, FL 33037
3beds
2,960sqft
Single Family Residence
Built in 1998
0.28 Acres Lot
$5,702,000 Zestimate®
$1,858/sqft
$6,470 Estimated rent
Home value
$5,702,000
$5.19M - $6.27M
$6,470/mo
Zestimate® history
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List your homeWhat's special
Private oasis--a poolUnparalleled fishingWine barOutdoor cabanaImpact windowsOcean cayGrill area
Zillow last checked:
Listing updated:
Listed by:
Lauren Hoefert Dunn 305-394-3717,
Coldwell Banker Schmitt Islamorada
Bought with:
Orelvys Sanabria, PA Sanabria, PA, 3046618
Coldwell Banker - Pinecrest
Source: FLKMLS,MLS#: 608250
Originating MLS: Florida Keys
Originating MLS: Florida KeysFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Heating
- Central
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: Washer, Stainless Steel Appliance(s), Wine Cooler, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
- Laundry: Laundry Room
Features
- Built-in Cabinets, Bar, Walk-In Closet(s), Storage, Granite Counters, Entrance Foyer, Wired for Data, Sound System
- Flooring: Tile, Other
- Doors: Impact Rstnce Doors
- Windows: Drapes/Blinds Incl, Impact Rstnce Window, Accordion, Roll Down Manual, Roll Down Electric
- Furnished: Yes
Interior area
- Total interior livable area: 2,960 sqft
Property
Parking
- Parking features: Covered
Features
- Levels: 3 Stories
- Stories: 3
- Patio & porch: Open Porch/Balcony, Deck, Roof Top Deck
- Exterior features: Bar, Sprinkler System, Outdoor Kitchen, Lighting, Built-in Barbecue
- Has private pool: Yes
- Pool features: Heated, In Ground, Decked, Concrete
- Has spa: Yes
- Spa features: Private
- Fencing: Privacy,Fenced
- Has view: Yes
- View description: Ocean, Water, Canal
- Has water view: Yes
- Water view: Ocean,Water,Canal
- Waterfront features: Oceanfront, Waterfront, Dock: Composite, Dock Length: 85, Dockage: Davits, Boat Lift
Lot
- Size: 0.28 Acres
- Features: 1/4 - 1/2 Acre
Details
- Additional structures: Gazebo
- Parcel number: 00453475015700
- Zoning: IS
- Zoning description: Improved Subivision District
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- CBS
- Roof: Concrete
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1998
Utilities & green energy
- Sewer: Municipal Sewer, Public Sewer
- Utilities for property: FKAA, Cable Available, Cable Connected
Community & neighborhood
Security
- Security features: Smoke Detector(s), Security System, Electric Gate
Location
- Region: Key Largo
- Subdivision: Port Largo (100.0)
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $1,500 yearly
- Services included: Maintenance Grounds, Security
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 2/22/2024 | Sold | $5,500,000-12.7%$1,858/sqft |
Source:  FLKMLS #608250 Report a problem | ||
| 2/2/2024 | Pending sale | $6,300,000$2,128/sqft |
Source: FLKMLS #608360 Report a problem | ||
| 1/26/2024 | Price change | $6,300,000+8.6%$2,128/sqft |
Source: FLKMLS #608360 Report a problem | ||
| 1/19/2024 | Listed for sale | $5,800,000+87.1%$1,959/sqft |
Source:  Key West AOR #608250 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 12/3/2018 | Listing removed | $3,700$1/sqft |
Source: Owner Report a problem | ||
| 11/26/2018 | Listed for rent | $3,700$1/sqft |
Source: Owner Report a problem | ||
| 11/15/2018 | Sold | $3,100,000-13.9%$1,047/sqft |
Source: Public Record Report a problem | ||
| 7/19/2018 | Listed for sale | $3,600,000+28.6%$1,216/sqft |
Source: Berkshire Hathaway Homeservices Knight & Gardner Realty #581119 Report a problem | ||
| 4/13/2005 | Sold | $2,800,000+100%$946/sqft |
Source: Public Record Report a problem | ||
| 6/27/2002 | Sold | $1,400,000$473/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $36,715 +26.5% | $4,471,070 +31.6% |
| 2024 | $29,025 +8.6% | $3,396,592 +10% |
| 2023 | $26,725 +13.7% | $3,087,811 +10% |
| 2022 | $23,501 +10.3% | $2,807,101 +10% |
| 2021 | $21,307 -3% | $2,551,910 -2.4% |
| 2020 | $21,958 | $2,614,274 +0.5% |
| 2019 | $21,958 +0.4% | $2,600,516 +26.3% |
| 2018 | $21,879 +22.9% | $2,059,663 -0.6% |
| 2017 | $17,801 -0.4% | $2,071,832 +10.1% |
| 2016 | $17,868 +5.8% | $1,882,370 +1.2% |
| 2015 | $16,884 | $1,860,323 |
Find assessor info on the county website
Neighborhood: 33037
Nearby schools
GreatSchools rating
- 8/10Key Largo SchoolGrades: PK-8Distance: 4.8 mi
- 5/10Coral Shores High SchoolGrades: 9-12Distance: 9.8 mi
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Estimated market value
$5,702,000
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Estimated market value
$5,702,000
- Florida
- Monroe County
- Key Largo
- 33037
- 541 Ocean Cay Dr
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