Situated in the desirable Channel Cay neighborhood, this 33,964-square-foot property offers a rare opportunity to enjoy the very best of Ocean Reef living. Centrally located and exceptionally private, the home boasts long canal views, western exposure for spectacular sunsets, and protected dockage with immediate boating access to both the Atlantic Ocean and Florida Bay—ideal for offshore fishing, diving, and snorkeling. Designed with space and comfort in mind, the residence features five bedrooms and six and a half bathrooms, including a generously sized primary suite complete with dual bathrooms, oversized walk-in closets, and a private office. This home is well-suited for multigenerational living, offering room for everyone to relax and unwind. A dedicated movie theater, game room, and wine room provide spaces for entertainment and leisure, while an oversized garage accommodates multiple vehicles and golf carts with ease. The heart of the home is an open-concept living area with vaulted ceilings, a fireplace, and impact glass sliders that frame the water views and open to the pool terrace. The gourmet kitchen is equipped for serious cooking and connects effortlessly to the formal dining area and living room. Multiple covered outdoor areas, a summer kitchen, and a large pool create an ideal setting for both entertaining and everyday enjoyment. This home is positioned just minutes from the best of Ocean Reef's renowned amenities, including a 175-slip marina, two championship golf courses, tennis and pickleball courts, a private airstrip, dining options, and a cultural center. Offering a perfect blend of privacy, functionality, and location, this is a rare offering in one of the most unique communities in the country.
For sale
$19,675,022
22 Channel Cay Rd, Key Largo, FL 33037
5beds
7,096sqft
Est.:
Single Family Residence
Built in 1996
0.78 Acres Lot
$17,257,400 Zestimate®
$2,773/sqft
$-- HOA
What's special
Large poolFive bedroomsPrivate officeSummer kitchenPool terraceMultiple covered outdoor areasGame room
- 20 hours |
- 203 |
- 6 |
Zillow last checked: 8 hours ago
Listing updated: December 23, 2025 at 11:07am
Listed by:
Molly Taylor, Russell Post,
Ocean Reef Club Sotheby's International Realty
Source: CLS at Ocean Reef,MLS#: 2861
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 7
- Full bathrooms: 6
- 1/2 bathrooms: 1
Appliances
- Included: Washer, Dryer, Dishwasher, Freezer, Refrigerator, Microwave
- Laundry: Laundry Room
Features
- Office/Den
- Number of fireplaces: 1
Interior area
- Total structure area: 7,096
- Total interior livable area: 7,096 sqft
Video & virtual tour
Property
Features
- Stories: 1
- Patio & porch: Terrace, Deck/Patio
- Exterior features: Dock, Garden, Outdoor Kitchen
- On waterfront: Yes
Lot
- Size: 0.78 Acres
Details
- Parcel number: 00569280000000
- Special conditions: Traditional
- Other equipment: Home Theater
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- As Is
- New construction: No
- Year built: 1996
Utilities & green energy
- Gas: Propane Tank-Owned
Community & HOA
Community
- Subdivision: Not Condo or Condo Outside MLS Area
Location
- Region: Key Largo
Financial & listing details
- Price per square foot: $2,773/sqft
- Tax assessed value: $13,136,732
- Annual tax amount: $43,743
- Date on market: 12/23/2025
Estimated market value
$17,257,400
$16.39M - $18.47M
$6,314/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/23/2025 | Listed for sale | $19,675,022$2,773/sqft |
Source: | ||
| 10/6/2025 | Listing removed | $19,675,022$2,773/sqft |
Source: | ||
| 8/10/2025 | Price change | $19,675,022-18%$2,773/sqft |
Source: | ||
| 4/18/2025 | Listed for sale | $24,000,000+451.7%$3,382/sqft |
Source: | ||
| 5/9/2006 | Sold | $4,350,000+3.1%$613/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $45,566 +3.6% | $6,724,914 +2.9% |
| 2024 | $43,981 +2% | $6,535,388 +3% |
| 2023 | $43,134 +4.8% | $6,345,037 +3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$118,405/mo
Principal & interest
$98074
Property taxes
$13445
Home insurance
$6886
Climate risks
Neighborhood: 33037
Nearby schools
GreatSchools rating
- 8/10Key Largo SchoolGrades: PK-8Distance: 13.3 mi
- 4/10Coral Shores High SchoolGrades: 9-12Distance: 27.8 mi
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