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For sale
  • $5,250,000

    308 Carysfort Rd, Key Largo, FL 33037

    2beds
    1,187sqft
    : 
    Single Family Residence
    Built in 1985
    0.26 Acres Lot
    $4,930,400 Zestimate®
    $4,423/sqft
    $-- HOA

    What's special

    Charming sun-filled cottageSteps from the beachCoveted corner lot
    Welcome to a rare and exceptional homesite steps from the beach. Perfectly positioned on a coveted corner lot just steps from the ocean and Buccaneer Island, this property presents an incredible opportunity in one of Ocean Reef's most desirable neighborhoods. The lot offers endless potential to create a legacy home in a premier coastal setting. Currently, a charming, sun-filled cottage sits on the property—a 2-bedroom, 2-bath residence with an additional den that could be used as a 3rd bedroom—ideal for immediate enjoyment while you thoughtfully plan your custom renovation or future new construction. Light, airy, and undeniably “Keysey,” this is the property for you! Villa Cay is prized for its unbeatable proximity to the ocean and its walkable access to Ocean Reef's world-class amenities, making this location especially compelling for those seeking both lifestyle and long-term value. This is a rare chance to secure an extraordinary lot, enjoy a delightful cottage now, and build something truly special for generations to come. About Ocean Reef: Ocean Reef Club is a private, 2,500-acre club community located at the northern tip of Key Largo, offering one of the most comprehensive and exclusive lifestyles in the country. Members enjoy two championship golf courses, a 175-slip marina, private airport, tennis and pickleball facilities, spa and fitness center, diverse dining and boutique shopping, medical center, school, and a private beach on Buccaneer Island—all within a secure, private club/resort style environment.
    54 days
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    478
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    11
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    Zillow last checked: 7 hours ago

    Listing updated: March 04, 2026 at 02:23pm

    Listed by:

    Parris Everhart,

    Ocean Reef Club Sotheby's International Realty

    Source: CLS at Ocean Reef,MLS#: 3971MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Appliances
      • Included: Washer, Dryer, Dishwasher, Refrigerator, Microwave
      Features
      • Windows: Impact Glass
      • Furnished: Yes
      Interior area
      • Total structure area: 1,187
      • Total interior livable area: 1,187 sqft
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      Property

      Features
      • Stories: 1
      • Patio & porch: Deck/Patio
      Lot
      • Size: 0.26 Acres
      Details
      • Parcel number: 00569760000000
      • Special conditions: Traditional

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Condition
      • As Is
      • New construction: No
      • Year built: 1985

      Community & HOA

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

      Financial & listing details

      • Price per square foot: $4,423/sqft
      • Tax assessed value: $3,275,884
      • Annual tax amount: $16,827
      • Date on market: 2/3/2026
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        Estimated market value

        $4,930,400

        $4.68M - $5.18M

        $3,989/mo

        Price history

        Price history
        DateEventPrice
        2/3/2026Listed for sale$5,250,000+1775%$4,423/sqft
        Source: CLS at Ocean Reef #3971 Report a problem
        5/20/1996Sold$280,000$236/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$17,529 +1.6%$1,926,746 +10%
        2024$17,256 +19.8%$1,751,587 +10%
        2023$14,408 +13%$1,592,352 +10%
        2022$12,756 +16.5%$1,447,593 +10%
        2021$10,946 +3.4%$1,315,994 +10%
        2020$10,582 $1,196,358 -27.4%
        2019$10,582 +4.9%$1,648,588 +66.7%
        2018$10,089 +31.6%$988,725 +4.9%
        2017$7,664 +6.7%$942,819 -1.1%
        2016$7,184 -0.9%$953,423 +26.6%
        2015$7,246 $753,340

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $30,447/mo
        Principal & interest
        $26860
        Property taxes
        $3587
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          Climate risks

          Neighborhood: 33037

          Getting around

          31 / 100
          Car-Dependent
          57 / 100
          Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 33037