Skip main navigation
Contingent
  • Price cut: $1.8M (3/8)
    $4,950,000

    2 South Rd, Key Largo, FL 33037

    5beds
    3,147sqft
    : 
    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
    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.
    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#: 3960MLS Logo

      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
      Get pre-qualifiedBe ready to make an offer.
      Connect with an agentGet info on this home, tour, and more.
      Calculate monthly paymentSee if you can afford this home.

        Estimated market value

        $4,548,900

        $4.32M - $4.78M

        $7,121/mo

        Price history

        Price history
        DateEventPrice
        3/16/2026Contingent$4,950,000$1,573/sqft
        Source: CLS at Ocean Reef #3960 Report a problem
        3/8/2026Price change$4,950,000-26.7%$1,573/sqft
        Source: CLS at Ocean Reef #3960 Report a problem
        1/17/2026Listed for sale$6,750,000+1477.1%$2,145/sqft
        Source: CLS at Ocean Reef #3960 Report a problem
        12/31/1996Sold$428,000$136/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax 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

          Getting around

          8 / 100
          Car-Dependent
          46 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 33037

          Similar homes

          Skip to the end of the carouselSkip to the beginning of the carousel