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Sold for $15,500,000
  • $15,500,000

    22 Channel Cay Rd, Key Largo, FL 33037

    5beds
    7,096sqft
    Single Family Residence
    Built in 1996
    0.78 Acres Lot
    $15,504,900 Zestimate®
    $2,184/sqft
    $-- Estimated rent

    Home value

    $15,504,900

    $13.95M - $17.21M

    Not available

    Zestimate® history
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    What's special

    Large poolFive bedroomsPrivate officeSummer kitchenPool terraceMultiple covered outdoor areasGame room
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Post/ Taylor Group,

    Ocean Reef Club Sotheby's International Realty

    Bought with:

    Michael Watson, SL3343666

    Watson Luxury Properties at Ocean Reef

    Source: CLS at Ocean Reef,MLS#: 2861MLS Logo

    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

    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: $2,184/sqft
    • Tax assessed value: $13,136,732
    • Annual tax amount: $43,743
    • Date on market: 12/23/2025

    Price history

    DateEventPrice
    9/30/2026Sold$15,500,000-8.8%$2,184/sqft
    Source: CLS at Ocean Reef #2861 Report a problem
    6/3/2026Pending sale$17,000,000$2,396/sqft
    Source: CLS at Ocean Reef #2861 Report a problem
    3/4/2026Price change$17,000,000-13.6%$2,396/sqft
    Source: CLS at Ocean Reef #2861 Report a problem
    12/23/2025Listed for sale$19,675,022$2,773/sqft
    Source: CLS at Ocean Reef #2861 Report a problem
    10/6/2025Listing removed$19,675,022$2,773/sqft
    Source: CLS at Ocean Reef #2861 Report a problem
    8/10/2025Price change$19,675,022-18%$2,773/sqft
    Source: CLS at Ocean Reef #2861 Report a problem
    4/18/2025Listed for sale$24,000,000+451.7%$3,382/sqft
    Source: CLS at Ocean Reef #2861 Report a problem
    5/9/2006Sold$4,350,000+3.1%$613/sqft
    Source: Public Record Report a problem
    8/17/2000Sold$4,220,200+653.6%$595/sqft
    Source: Public Record Report a problem
    9/21/1993Sold$560,000$79/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax 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%
    2022$41,172 -3.5%$6,160,231 +3%
    2021$42,685 +0.6%$5,980,807 +1.4%
    2020$42,419 $5,898,232 -0.1%
    2019$42,419 -0.9%$5,902,628 -0.6%
    2018$42,796 -0.6%$5,940,129 +5%
    2017$43,043 +7.7%$5,656,725 +5.1%
    2016$39,961 +2%$5,380,420 +12.7%
    2015$39,181 $4,773,845
    Find assessor info on the county website

    Neighborhood: 33037

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $15,504,900
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $15,504,900