Skip main navigation
For sale
  • Price cut: $5M (2/5)
    $23,000,000

    35 Cardinal Ln, Key Largo, FL 33037

    4beds
    8,415sqft
    : 
    Single Family Residence
    Built in 1995
    0.98 Acres Lot
    $24,254,400 Zestimate®
    $2,733/sqft
    $-- HOA

    What's special

    Four-and-a-half bathsFour bedroomsDedicated officePrivate serene settingAbundant dockagePrestigious waterfront homesiteCommanding panoramic water views
    Quintessential Florida Keys luxury awaits the most discerning buyer at 35 Cardinal Lane. Set on one of Ocean Reef's most prestigious waterfront homesites, this exceptional 42,750-square-foot parcel boasts an impressive 356 feet of water frontage along Angelfish Creek, offering abundant dockage and commanding, panoramic water views. Tucked away in a private, serene setting, the property presents a rare opportunity for an exquisite renovation or the creation of an extraordinary custom estate. The existing residence spans approximately 8,415 square feet and includes four bedrooms, four-and-a-half baths, and a dedicated office, providing a generous foundation for future vision. Ideally located within the exclusive Ocean Reef Club community, this offering represents a truly remarkable canvas in one of the Florida Keys' most coveted enclaves.
    741 days
    |
    1,263
    |
    24
    |

    Zillow last checked: 7 hours ago

    Listing updated: February 10, 2026 at 06:33am

    Listed by:

    Amy Fernandez,

    Ocean Reef Club Sotheby's International Realty

    Source: CLS at Ocean Reef,MLS#: 2675MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 5
      • Full bathrooms: 4
      • 1/2 bathrooms: 1
      Appliances
      • Included: Washer, Dryer, Dishwasher, Microwave
      Features
      • Has fireplace: Yes
      Interior area
      • Total structure area: 8,415
      • Total interior livable area: 8,415 sqft
      Video & virtual tour

      Property

      Features
      • Stories: 2
      • Exterior features: Dock
      Lot
      • Size: 0.98 Acres
      Details
      • Parcel number: 00569444000200
      • Special conditions: Traditional

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Condition
      • As Is
      • New construction: No
      • Year built: 1995

      Community & HOA

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

      Financial & listing details

      • Price per square foot: $2,733/sqft
      • Tax assessed value: $15,607,455
      • Annual tax amount: $101,456
      • Date on market: 3/7/2024
      Get pre-qualifiedBe ready to make an offer.
      Connect with an agentGet info on this home, tour, and more.
      Calculate monthly paymentSee if you can afford this home.

        Estimated market value

        $24,254,400

        $22.80M - $26.19M

        $9,783/mo

        Price history

        Price history
        DateEventPrice
        2/5/2026Price change$23,000,000-17.9%$2,733/sqft
        Source: CLS at Ocean Reef #2675 Report a problem
        3/7/2024Listed for sale$28,000,000$3,327/sqft
        Source: CLS at Ocean Reef #2675 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$105,684 +7.7%$15,607,455 +7%
        2024$98,102 +10.9%$14,590,890 +12.2%
        2023$88,431 +199.6%$12,998,724 +194.9%
        2022$29,512 -3.5%$4,408,202 +3%
        2021$30,581 +0.6%$4,279,808 +1.4%
        2020$30,388 $4,220,718 +2.3%
        2019$30,388 +2.1%$4,125,825 +1.9%
        2018$29,756 -0.4%$4,048,896 +2.1%
        2017$29,879 +2.3%$3,965,619 +2.1%
        2016$29,215 -3.2%$3,884,054 +0.7%
        2015$30,196 $3,857,055

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $128,674/mo
        Principal & interest
        $112957
        Property taxes
        $15717
        More affordability tools

          Climate risks

          Neighborhood: 33037

          Getting around

          0 / 100
          Car-Dependent
          46 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 33037

          Similar homes

          Skip to the end of the carouselSkip to the beginning of the carousel