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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
    $5,621,600 Zestimate®
    $1,858/sqft
    $6,933 Estimated rent

    Home value

    $5,621,600

    $5.12M - $6.18M

    $6,933/mo

    Zestimate® history
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    What's special

    Private oasis--a poolUnparalleled fishingWine barOutdoor cabanaImpact windowsOcean cayGrill area
    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

    Zillow last checked:

    Listing updated:

    Listed by:

    Lauren Hoefert Dunn 305-394-3717,

    Coldwell Banker Schmitt Islamorada

    Bought with:

    Coldwell Banker - Pinecrest

    Source: FLKMLS,MLS#: 608250MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 5
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    Heating
    • Has Heating (Unspecified Type)
    Cooling
    • Central Air, Ceiling Fans(s)
    Appliances
    • Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Disposal, Wine Cooler, Stainless Steel Appliance(s)
    • Laundry: Laundry Room
    Features
    • Built-in Features, Granite Counters, Storage, Walk-in Closet(s), Bar, Wired for Sound
    • Flooring: Tile, Other
    • Furnished: Yes
    Interior area
    • Total structure area: 2,960
    • Total interior livable area: 2,960 sqft

    Property

    Features
    • Patio & porch: Open Porch/Balcony, Deck, Roof Top Deck
    • Exterior features: Bar, Built-in Barbecue, Lighting, Outdoor Kitchen
    • Has private pool: Yes
    • Pool features: In Ground, Concrete, Decked
    • Has spa: Yes
    • Spa features: Heated
    • Fencing: Fenced,Privacy
    • On waterfront: Yes
    Lot
    • Size: 0.28 Acres
    Details
    • Additional structures: Gazebo
    • Parcel number: 00453475015700
    • Zoning: IS - Improved Subivision District
    • Other equipment: Irrigation Equipment

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • CBS
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1998

    Utilities & green energy

    • Electric: Cat 5
    • Utilities for property: Cable Available

    Community & HOA

    Community
    • Security: Security Gate, Security System
    • Subdivision: Port Largo (100.0)
    HOA
    • Has HOA: Yes
    • Services included: Common Area Mnt, Security
    • HOA fee: $1,500 annually
    Location
    • Region: Key Largo

    Financial & listing details

    • Price per square foot: $1,858/sqft
    • Tax assessed value: $4,471,070
    • Annual tax amount: $26,725
    • Date on market: 1/19/2024
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    2/22/2024Sold$5,500,000-12.7%$1,858/sqft
    Source: FLKMLS #608250 Report a problem
    2/2/2024Pending sale$6,300,000$2,128/sqft
    Source: FLKMLS #608360 Report a problem
    1/26/2024Price change$6,300,000+8.6%$2,128/sqft
    Source: FLKMLS #608360 Report a problem
    1/19/2024Listed for sale$5,800,000+87.1%$1,959/sqft
    Source: Key West AOR #608250 Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    12/3/2018Listing removed$3,700$1/sqft
    Source: Owner Report a problem
    11/26/2018Listed for rent$3,700$1/sqft
    Source: Owner Report a problem
    11/15/2018Sold$3,100,000-13.9%$1,047/sqft
    Source: Public Record Report a problem
    7/19/2018Listed for sale$3,600,000+28.6%$1,216/sqft
    Source: Berkshire Hathaway Homeservices Knight & Gardner Realty #581119 Report a problem
    4/13/2005Sold$2,800,000+100%$946/sqft
    Source: Public Record Report a problem
    6/27/2002Sold$1,400,000$473/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax 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
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    Estimated market value
    $5,621,600
    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
    $5,621,600