A Rare Waterfront Offering at Ocean Reef
This exceptional property is one of the few at Ocean Reef to enjoy both a canal and lagoon setting, offering 153 feet of canal frontage with a 40’ dock and endless waterfront views. Renovated in 2017, 2020, and 2023, the home blends modern updates with timeless coastal living.
With 2,680 square feet under air, the 4-bedroom, 3-bath residence features an open layout designed for entertaining, a spacious pool deck, and a 2-cart/1-car garage. The saltwater pool invites relaxation, while the 40’ dock is equipped with 110v, 30amp, and 50amp service for effortless boating.
Recent upgrades include a new kitchen with top-tier appliances (2021), new A/C units (2023), and a propane generator (2023). For those seeking more space, expansion plans are available to create a 6-bedroom, 6-bath retreat.
This is truly the pinnacle of waterfront living—where canal and lagoon converge in a rare, private sanctuary at Ocean Reef.
For sale by owner
$15,000,000
32 E Snapper Point Dr, Key Largo, FL 33037
4beds
2,680sqft
Est.:
SingleFamily
Built in 1977
0.5 Acres Lot
$-- Zestimate®
$5,597/sqft
$547/mo HOA
What's special
Modern updatesSaltwater poolSpacious pool deckPropane generatorEndless waterfront viewsCanal frontage
What the owner loves about this home
Features:
• Complete renovation 2017 including the roof
• 4 BR / 3 BA (expansion possible to 6 BR / 6BA)
• 6,186 sf gross
• 2,680 sf A/C
• 2020 New kitchen including all appliances
• Salt water pool
• Garage – 1 car / 2 carts
• 153’ canal front
• 2017 - 40’ dock w/110v, 30 amp & 50 amp
• 2023 22KW generator & 1,000 gal propane tank
• 2023 A/C replacement
o 5 ton compressor / air handler / ductwork – 10 yr warranty
o 2 ton compressor / air handler – 10 yr warranty
• Hot water circulator pump from hot water heater to MBA
• Expansions to the north and south possible (plans available)
- 174 days |
- 863 |
- 19 |
Listed by:
Property Owner (617) 694-4700
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced air, Electric
Cooling
- Central
Appliances
- Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
Features
- Flooring: Tile, Carpet, Hardwood
- Basement: None
- Has fireplace: No
Interior area
- Total interior livable area: 2,680 sqft
Property
Parking
- Parking features: Garage - Attached
Features
- Exterior features: Stucco
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
Lot
- Size: 0.5 Acres
Details
- Parcel number: 00571971003200
Construction
Type & style
- Home type: SingleFamily
Materials
- Concrete Block
- Foundation: Piling
- Roof: Tile
Condition
- New construction: No
- Year built: 1977
Community & HOA
HOA
- Has HOA: Yes
- HOA fee: $547 monthly
Location
- Region: Key Largo
Financial & listing details
- Price per square foot: $5,597/sqft
- Tax assessed value: $10,324,462
- Annual tax amount: $40,940
- Date on market: 7/30/2025
Estimated market value
Not available
Estimated sales range
Not available
$6,125/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/6/2025 | Listed for sale | $15,000,000$5,597/sqft |
Source: Owner Report a problem | ||
| 11/23/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 7/30/2025 | Listed for sale | $15,000,000-11.2%$5,597/sqft |
Source: Owner Report a problem | ||
| 5/1/2024 | Listing removed | $16,900,000$6,306/sqft |
Source: | ||
| 2/9/2024 | Listed for sale | $16,900,000+333.3%$6,306/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $40,940 +3.7% | $6,038,064 +2.9% |
| 2024 | $39,485 +2% | $5,867,896 +3% |
| 2023 | $38,714 +4.8% | $5,696,987 +3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$90,849/mo
Principal & interest
$74802
Property taxes
$10250
Other costs
$5797
Climate risks
Neighborhood: 33037
Nearby schools
GreatSchools rating
- 8/10Key Largo SchoolGrades: PK-8Distance: 13.2 mi
- 4/10Coral Shores High SchoolGrades: 9-12Distance: 27.6 mi
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