Discover a beautifully designed Key West style residence in the desirable Villa Cay neighborhood of Ocean Reef. This newer construction home, crafted by celebrated architect Hilario Candela, welcomes you with bright, spacious living areas, soaring ceilings, and abundant natural light. Featuring four comfortable bedrooms—each with an en-suite bath—and a powder room, this home epitomizes ease and elegance. The open gourmet kitchen flows into the dining and living spaces, overlooking a private pool and patio with multiple dining options, grill, and TV for seamless indoor/outdoor living. The generous primary bedroom opens to the pool patio and park views, creating a relaxing retreat. Additional highlights include a large covered carport under the home and a welcoming veranda in front. Experience comfort, style, and a truly inviting atmosphere at the end of a peaceful cul-de-sac, just steps from the adjacent beautiful and serene park.
For sale
Price cut: $345K (1/21)
$8,950,000
5 Diana Rd, Key Largo, FL 33037
4beds
3,433sqft
Est.:
Single Family Residence
Built in 2015
0.25 Acres Lot
$8,448,600 Zestimate®
$2,607/sqft
$-- HOA
What's special
Newer construction homePrivate pool and patioLarge covered carportPark viewsFour comfortable bedroomsAbundant natural lightOpen gourmet kitchen
- 90 days |
- 842 |
- 15 |
Zillow last checked: 8 hours ago
Listing updated: January 21, 2026 at 07:53am
Listed by:
Cassy Everhart, Morgan Smith,
Ocean Reef Club Sotheby's International Realty,
Richard Romeo,
Ocean Reef Club Sotheby's International Realty
Source: CLS at Ocean Reef,MLS#: 2909
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, Refrigerator, Microwave
- Laundry: Laundry Room
Features
- Windows: Impact Glass
- Has fireplace: Yes
- Furnished: Yes
Interior area
- Total structure area: 3,433
- Total interior livable area: 3,433 sqft
Video & virtual tour
Property
Features
- Stories: 2
- Patio & porch: Deck/Patio
Lot
- Size: 0.25 Acres
Details
- Parcel number: 00570010000000
- Special conditions: Traditional
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 2015
Community & HOA
Community
- Subdivision: Not Condo or Condo Outside MLS Area
Location
- Region: Key Largo
Financial & listing details
- Price per square foot: $2,607/sqft
- Tax assessed value: $5,622,709
- Annual tax amount: $35,207
- Date on market: 10/26/2025
Estimated market value
$8,448,600
$8.03M - $8.87M
$7,691/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/21/2026 | Price change | $8,950,000-3.7%$2,607/sqft |
Source: | ||
| 1/12/2026 | Price change | $9,295,000-4.7%$2,708/sqft |
Source: | ||
| 10/26/2025 | Listed for sale | $9,750,000-2%$2,840/sqft |
Source: | ||
| 5/30/2025 | Listing removed | $9,950,000$2,898/sqft |
Source: | ||
| 3/21/2025 | Price change | $9,950,000-4.8%$2,898/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $38,443 +4.8% | $5,622,709 +6.1% |
| 2024 | $36,674 +11% | $5,298,057 +10% |
| 2023 | $33,054 +9% | $4,816,415 +7.2% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$54,246/mo
Principal & interest
$44997
Property taxes
$6116
Home insurance
$3133
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






