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For sale
  • Price cut: $555K (12/17)
    $7,295,000

    20 Bay Ridge Rd, Key Largo, FL 33037

    4beds
    3,018sqft
    : 
    Single Family Residence
    Built in 1973
    0.45 Acres Lot
    $6,654,300 Zestimate®
    $2,417/sqft
    $-- HOA

    What's special

    Large poolAbundance of natural lightFour spacious bedroomsStylish outdoor furnitureOversized master suiteCustom built-in barComfortable warm and inviting
    Tucked away on Bay Ridge Road in one of the most sought-after neighborhoods, this elegant home which was renovated in 2024, offers a rare combination of style, privacy, and convenience. Its unbeatable location is only steps away from everything Ocean Reef has to offer! Four spacious bedrooms, each with its own en-suite bath, provide perfect accommodations for family and friends. The oversized master suite feels like a private hideaway. An abundance of natural light makes this home bright and cheerful from dawn to dusk. Soothing wall and furnishing colors combine with expertly curated design elements create an environment that is truly comfortable, warm, and inviting. Guests can be hosted casually in the breakfast nook or more formally in the spacious dining room, which abuts a large galley style kitchen. With seating for 14 at an expansive table positioned beneath a warm Pecky Cypress ceiling and a custom built-in bar and refreshment center, the Dining Room is the focal point of large social gatherings. Outside is a large pool, a sprawling pool patio outfitted with stylish outdoor furniture, and a full pool bath for added convenience. At night, lanterns that surround the pool create a welcoming glow. Landscaping that conveys simplicity with attractive elegance is complimented by soft, subtle low voltage lighting setting the mood from driveway to the very private backyard. Beautiful new driveway pavers provide a polished look leading to a garage that fits one car and two carts. All of this sits on an oversized 19,687-square-foot lot that provides the space for an approximately 1,100 square foot expansion. A plan for a casita with two bedrooms, two baths, and a living room has been prepared by a highly regarded Ocean Reef architect and is available upon request.”
    57 days
    |
    535
    |
    8
    |

    Likely to sell faster than

    Zillow last checked: 8 hours ago

    Listing updated: December 17, 2025 at 06:41am

    Listed by:

    Cassy Everhart, Morgan Smith,

    Ocean Reef Club Sotheby's International Realty

    Source: CLS at Ocean Reef,MLS#: 2912MLS Logo

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 5
    • Full bathrooms: 5
    Appliances
    • Included: Washer, Dryer, Dishwasher, Freezer, Refrigerator, Microwave
    • Laundry: Laundry Room
    Features
    • Windows: Impact Glass
    • Has fireplace: Yes
    • Furnished: Yes
    Interior area
    • Total structure area: 3,018
    • Total interior livable area: 3,018 sqft
    Video & virtual tour

    Property

    Features
    • Stories: 1
    • Patio & porch: Deck/Patio
    Lot
    • Size: 0.45 Acres
    Details
    • Parcel number: 00571150000000
    • Special conditions: Traditional

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • New construction: No
    • Year built: 1973
    • Major remodel year: 2024

    Community & HOA

    Community
    • Subdivision: Not Condo or Condo Outside MLS Area
    Location
    • Region: Key Largo

    Financial & listing details

    • Price per square foot: $2,417/sqft
    • Tax assessed value: $4,187,867
    • Annual tax amount: $18,599
    • Date on market: 10/27/2025
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    Estimated market value

    $6,654,300

    $6.32M - $6.99M

    $7,756/mo

    Price history

    Price history
    DateEventPrice
    12/17/2025Price change$7,295,000-7.1%$2,417/sqft
    Source: CLS at Ocean Reef #2912 Report a problem
    10/27/2025Listed for sale$7,850,000+361.8%$2,601/sqft
    Source: CLS at Ocean Reef #2912 Report a problem
    8/11/2017Sold$1,700,000-11.7%$563/sqft
    Source: Public Record Report a problem
    4/14/2017Price change$1,925,000-2.5%$638/sqft
    Source: Ocean Reef Club Real Estate Company #1247 Report a problem
    3/9/2017Price change$1,975,000-0.3%$654/sqft
    Source: Ocean Reef Club Real Estate Company #1247 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2025$21,152 +9.2%$2,173,970 +10%
    2024$19,375 +12.6%$1,976,336 +10%
    2023$17,206 +21.3%$1,796,669 +10%

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $43,901/mo
    Principal & interest
    $36363
    Property taxes
    $4985
    Home insurance
    $2553

      Climate risks

      Neighborhood: 33037

      Nearby schools

      GreatSchools rating

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