For sale

$11,250,000

32 Channel Cay Rd, Key Largo, FL 33037

3beds

2,375sqft

$74,045/mo

Get pre-qualified

Single Family Residence

Built in 1969

0.41 Acres Lot

$10,358,300 Zestimate^®

$4,737/sqft

$-- HOA

What's special

Breathtaking long-canal vistasExpansive pool deck

Unrivaled boating access via the exclusive Members' Channel truly elevates this exceptional waterfront estate. Boasting 120 feet of newly renovated seawall, this charming 3-bedroom, single-story residence stands as one of the premier properties within the prestigious Ocean Reef community. Inside, the home transitions seamlessly to an expansive pool deck framed by breathtaking, long-canal vistas. Perfectly positioned for the ultimate resort lifestyle, you are just moments away from the vibrant Fishing Village and Buccaneer Island.

14 days
501
20

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 3

Appliances

Included: Washer, Dryer, Dishwasher, Refrigerator, Microwave
Laundry: Laundry Room

Features

Office/Den
Windows: Impact Glass
Furnished: Yes

Interior area

Total structure area: 2,375
Total interior livable area: 2,375 sqft

Property

Features

Stories: 1
Patio & porch: Terrace, Deck/Patio
Exterior features: Dock, Porte-Cochere
On waterfront: Yes

Lot

Size: 0.41 Acres

Details

Parcel number: 00569425000000
Special conditions: Traditional

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Condition

New construction: No
Year built: 1969
Major remodel year: 2012

Community & HOA

Community

Subdivision: Not Condo or Condo Outside MLS Area

Location

Region: Key Largo

Financial & listing details

Price per square foot: $4,737/sqft
Tax assessed value: $9,059,650
Annual tax amount: $46,805
Date on market: 10/3/2026

Estimated market value

$10,358,300

$9.84M - $10.88M

Not available

Price history

Date	Event	Price
10/3/2026	Listed for sale	$11,250,000-5.9%$4,737/sqft
Source: CLS at Ocean Reef #5052 Report a problem
2/15/2026	Listing removed	$11,950,000$5,032/sqft
Source: CLS at Ocean Reef #2940 Report a problem
12/4/2025	Listed for sale	$11,950,000-2.4%$5,032/sqft
Source: CLS at Ocean Reef #2940 Report a problem
5/1/2025	Listing removed	$12,250,000$5,158/sqft
Source: CLS at Ocean Reef #2654 Report a problem
4/2/2025	Listed for sale	$12,250,000-5.4%$5,158/sqft
Source: CLS at Ocean Reef #2654 Report a problem
2/9/2024	Listed for sale	$12,950,000+407.8%$5,453/sqft
Source: CLS at Ocean Reef #2654 Report a problem
2/14/2012	Sold	$2,550,000-10.5%$1,074/sqft
Source: Public Record Report a problem
10/2/2011	Listed for sale	$2,850,000$1,200/sqft
Source: Russell Post Sotheby's International Realty #1698245 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$48,755 +7.3%	$5,671,325 +10%
2024	$45,420 +11.8%	$5,155,750 +10%
2023	$40,624 +25.8%	$4,687,045 +10%
2022	$32,300 +14.2%	$4,260,950 +10%
2021	$28,284 +10.3%	$3,873,591 +10%
2020	$25,653	$3,521,446 -0.2%
2019	$25,653 +1%	$3,528,470 +0.1%
2018	$25,407 +2.7%	$3,525,380 +7.1%
2017	$24,729 +8.6%	$3,291,271 +3%
2016	$22,766 +0.9%	$3,194,517 +14.3%
2015	$22,552	$2,795,134