A rare opportunity to own one of the premier golf course locations at the Ocean Reef Club, perfectly nestled at the end of a quiet cul-de-sac with privacy on three sides. An ideal location for the new owner to build their family retreat in a very private setting in the core area of the Club. This exceptional property offers an eastern exposure with sweeping, unobstructed views of the Dolphin Golf Course while remaining safely out of play, creating a serene, park-like setting framed by manicured fairways and lush tropical landscaping. overlooking the 17th green and 18th tee—an idyllic backdrop for gatherings or quiet relaxation. A rare treasure, ideally located just a short walk or cart ride to the Clubhouse, Marina, Fishing Village, dining, and Ocean Reef's world-class amenities, this home offers a rare combination of privacy, views, space, and convenience—perfect for an easy, entertaining-focused lifestyle in one of Ocean Reef's most desirable settings.
Contingent
Price cut: $1.8M (3/8)
$4,950,000
2 South Rd, Key Largo, FL 33037
5beds
3,147sqft
Est.:
Single Family Residence
Built in 1986
0.31 Acres Lot
$4,548,900 Zestimate®
$1,573/sqft
$-- HOA
What's special
Premier golf course locationWelcoming entryAbundant natural lightClerestory windowsSun-filled great roomGenerous parkingVaulted ceilings
- 67 days |
- 905 |
- 22 |
Zillow last checked: 7 hours ago
Listing updated: March 16, 2026 at 04:43am
Listed by:
Barbara Sibley,
Ocean Reef Club Sotheby's International Realty
Source: CLS at Ocean Reef,MLS#: 3960
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
Appliances
- Included: Washer, Dryer, Dishwasher, Refrigerator, Microwave
- Laundry: Laundry Room
Interior area
- Total structure area: 3,147
- Total interior livable area: 3,147 sqft
Video & virtual tour
Property
Features
- Stories: 2
- Patio & porch: Deck/Patio
Lot
- Size: 0.31 Acres
Details
- Parcel number: 00571900000000
- Special conditions: Traditional
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- As Is
- New construction: No
- Year built: 1986
Community & HOA
Community
- Subdivision: Not Condo or Condo Outside MLS Area
Location
- Region: Key Largo
Financial & listing details
- Price per square foot: $1,573/sqft
- Tax assessed value: $4,231,085
- Annual tax amount: $6,499
- Date on market: 1/17/2026
Estimated market value
$4,548,900
$4.32M - $4.78M
$7,121/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/16/2026 | Contingent | $4,950,000$1,573/sqft |
Source: | ||
| 3/8/2026 | Price change | $4,950,000-26.7%$1,573/sqft |
Source: | ||
| 1/17/2026 | Listed for sale | $6,750,000+1477.1%$2,145/sqft |
Source: | ||
| 12/31/1996 | Sold | $428,000$136/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,499 +3.9% | $923,831 +2.9% |
| 2024 | $6,255 +3.3% | $897,795 +3% |
| 2023 | $6,057 +4.2% | $871,646 +3% |
| 2022 | $5,814 -2.8% | $846,259 +3% |
| 2021 | $5,981 +0.7% | $821,611 +1.4% |
| 2020 | $5,938 | $810,268 +6.3% |
| 2019 | $5,938 +6.1% | $762,360 -2.2% |
| 2018 | $5,598 -4.1% | $779,158 +2.1% |
| 2017 | $5,836 +2.3% | $763,133 +2.1% |
| 2016 | $5,702 -3% | $747,437 +0.7% |
| 2015 | $5,877 | $742,241 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$28,613/mo
Principal & interest
$25231
Property taxes
$3382
More affordability tools
Climate risks
Neighborhood: 33037
Nearby schools
GreatSchools rating
- 8/10Key Largo SchoolGrades: PK-8Distance: 12.9 mi
- 4/10Coral Shores High SchoolGrades: 9-12Distance: 27.2 mi
Local experts in 33037
- Florida
- Monroe County
- Key Largo
- 33037
- 2 South Rd





