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Pending
  • Price cut: $345K (1/21)
    $8,950,000

    5 Diana Rd, Key Largo, FL 33037

    4beds
    3,433sqft
    : 
    Single Family Residence
    Built in 2015
    0.25 Acres Lot
    $8,307,200 Zestimate®
    $2,607/sqft
    $-- HOA

    What's special

    Private pool and patioWelcoming veranda in frontAbundant natural lightOpen gourmet kitchenSoaring ceilingsPowder room
    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, and dcor by interior designer Lizzie Lynn, 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.
    152 days
    |
    80
    |
    1
    |

    Likely to sell faster than

    Zillow last checked: 7 hours ago

    Listing updated: February 13, 2026 at 07:00am

    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#: 2909MLS Logo

      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
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        Estimated market value

        $8,307,200

        $7.89M - $8.72M

        $7,673/mo

        Price history

        Price history
        DateEventPrice
        2/13/2026Pending sale$8,950,000$2,607/sqft
        Source: CLS at Ocean Reef #2909 Report a problem
        1/21/2026Price change$8,950,000-3.7%$2,607/sqft
        Source: CLS at Ocean Reef #2909 Report a problem
        1/12/2026Price change$9,295,000-4.7%$2,708/sqft
        Source: CLS at Ocean Reef #2909 Report a problem
        10/26/2025Listed for sale$9,750,000-2%$2,840/sqft
        Source: CLS at Ocean Reef #2909 Report a problem
        5/30/2025Listing removed$9,950,000$2,898/sqft
        Source: CLS at Ocean Reef #2780 Report a problem
        3/21/2025Price change$9,950,000-4.8%$2,898/sqft
        Source: CLS at Ocean Reef #2780 Report a problem
        11/27/2024Listed for sale$10,450,000+100%$3,044/sqft
        Source: CLS at Ocean Reef #2780 Report a problem
        5/12/2021Sold$5,225,000-5.9%$1,522/sqft
        Source: Public Record Report a problem
        4/15/2021Pending sale$5,550,000$1,617/sqft
        Source: CLS at Ocean Reef #2159 Report a problem
        3/6/2021Listed for sale$5,550,000+76.2%$1,617/sqft
        Source: Ocean Reef Club Sotheby's International Realty #2159 Report a problem
        11/11/2015Listing removed$3,150,000$918/sqft
        Source: Russell Post Sotheby's International Realty #OR970 Report a problem
        8/25/2015Listed for sale$3,150,000+306.5%$918/sqft
        Source: Russell Post Sotheby's International Realty #970 Report a problem
        11/15/2010Listing removed$775,000+14.8%$226/sqft
        Source: Big Sky Real Estate #539220 Report a problem
        7/27/2010Sold$675,000-12.9%$197/sqft
        Source: Public Record Report a problem
        6/12/2010Pending sale$775,000$226/sqft
        Source: Big Sky Real Estate #539220 Report a problem
        5/1/2010Price change$775,000-3.1%$226/sqft
        Source: Big Sky Real Estate #539220 Report a problem
        2/26/2010Price change$800,000-11.1%$233/sqft
        Source: Big Sky Real Estate #539220 Report a problem
        8/1/2009Price change$900,000-10%$262/sqft
        Source: Big Sky Real Estate #539220 Report a problem
        6/13/2009Price change$1,000,000-20%$291/sqft
        Source: Big Sky Real Estate #539220 Report a problem
        5/16/2009Listed for sale$1,250,000$364/sqft
        Source: Big Sky Real Estate #539220 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax 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%
        2022$30,335 +56%$4,492,503 +113.6%
        2021$19,442 +15.7%$2,103,677 +10%
        2020$16,811 $1,912,434 -28.8%
        2019$16,811 +4.7%$2,685,604 +30%
        2018$16,055 +17.7%$2,065,938 +32.6%
        2017$13,646 +20.3%$1,557,950 +3.9%
        2016$11,342 +1.4%$1,499,624 +193.7%
        2015$11,187 $510,655

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $51,735/mo
        Principal & interest
        $45619
        Property taxes
        $6116
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          Climate risks

          Neighborhood: 33037

          Getting around

          36 / 100
          Car-Dependent
          59 / 100
          Bikeable

          Nearby schools

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