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.
For sale
$5,250,000
308 Carysfort Rd, Key Largo, FL 33037
2beds
1,187sqft
Est.:
Single Family Residence
Built in 1985
0.26 Acres Lot
$4,906,100 Zestimate®
$4,423/sqft
$-- HOA
What's special
Charming sun-filled cottageSteps from the beachCoveted corner lot
- 9 days |
- 431 |
- 9 |
Zillow last checked: 8 hours ago
Listing updated: February 06, 2026 at 08:42am
Listed by:
Parris Everhart,
Ocean Reef Club Sotheby's International Realty
Source: CLS at Ocean Reef,MLS#: 3971
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
Video & virtual tour
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
Estimated market value
$4,906,100
$4.66M - $5.15M
$5,031/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/3/2026 | Listed for sale | $5,250,000+1775%$4,423/sqft |
Source: | ||
| 5/20/1996 | Sold | $280,000$236/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$31,244/mo
Principal & interest
$25819
Property taxes
$3587
Home insurance
$1838
Climate risks
Neighborhood: 33037
Nearby schools
GreatSchools rating
- 8/10Key Largo SchoolGrades: PK-8Distance: 13.1 mi
- 4/10Coral Shores High SchoolGrades: 9-12Distance: 27.5 mi
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