Newly Listed to the market for the first time in 34 years. This is truly a rare opportunity to own and build your Dream Home on one of the best Lots in all of Ocean Reef. The lot is 38,000 sq. ft. with 375' of Bay Water Frontage. Spectacular Florida Keys sunsets await you along with panoramic Card Sound Bay Views of the Angler's Club Marina, Card Sound Bridge, Pumpkin Key Island and W. Snapper Point. The Lot is located in a private setting at the end of the prestigious Card Sound Road on a Cul-De-Sac. The attached renderings features an 8,500 sq. ft. house under air with an Estate Driveway and a Courtyard Entrance. A perfect Legacy Property for years to come.
Contingent
$29,500,000
48 Card Sound Rd, Key Largo, FL 33037
--beds
--baths
0.87Acres
Vacant Lot
Built in ----
0.87 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 377 days |
- 7 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Karyn Thiele,
Ocean Reef Club Sotheby's International Realty,
Kelsey Thiele,
Ocean Reef Club Sotheby's International Realty
Source: CLS at Ocean Reef,MLS#: 2748
Facts & features
Interior
Video & virtual tour
Property
Features
- On waterfront: Yes
Lot
- Size: 0.87 Acres
Details
- Parcel number: 00572222001000
- Special conditions: Traditional
Community & HOA
Location
- Region: Key Largo
Financial & listing details
- Tax assessed value: $3,583,678
- Annual tax amount: $146,346
- Date on market: 8/6/2025
Estimated market value
Not available
Estimated sales range
Not available
$5,210/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/12/2026 | Contingent | $29,500,000 |
Source:  CLS at Ocean Reef #2748 Report a problem | ||
| 8/6/2025 | Listed for sale | $29,500,000 |
Source: CLS at Ocean Reef #2748 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,723 +78.1% | $1,362,999 +10% |
| 2024 | $8,828 +11.6% | $1,239,090 +10% |
| 2023 | $7,909 -19.9% | $1,126,445 +10% |
| 2022 | $9,871 +49.1% | $1,024,041 +10% |
| 2021 | $6,622 +7.4% | $930,946 +8.3% |
| 2020 | $6,165 | $859,967 +3% |
| 2019 | $6,165 +2.9% | $834,618 |
| 2018 | $5,994 -2.3% | $834,618 +5.8% |
| 2017 | $6,137 +5.9% | $788,988 +2.4% |
| 2016 | $5,793 +59.6% | $770,451 |
| 2015 | $3,629 | $770,451 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 33037
Nearby schools
GreatSchools rating
- 8/10Key Largo SchoolGrades: PK-8Distance: 12.4 mi
- 5/10Coral Shores High SchoolGrades: 9-12Distance: 26.8 mi
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A local agent can set up tours, give advice and negotiate with sellers.
