Home » Key Largo » 541 Ocean Cay Dr, Key Largo, FL 33037 | A11517491

Sold 541 Ocean Cay Dr, Key Largo, FL 33037

$5,800,000
closed for a price of $5,500,000

Property Highlights

Listing ID A11517491 Status of this Listing: Closed Sold Property Type Residential Single Family House 3 Bedrooms 5 Bathrooms Total 4 Full Bath 1 Half Bath Living Space 2,960 Sqft/274.99 m2 approx. Lot area 12,820 Sqft/1191.02 m2 approx. POOL Year Built 1998 Waterfront Has view of the Ocean Time of this property from published date until Closing Date 33 Days

541 Ocean Cay Dr, Key Largo, FL 33037

Property Description: Indulge in luxury living with this exquisite residence in the exclusive gated community of Ocean Cay, situated along the pristine shores of Port Largo on the island of Key Largo. An impressive 100 feet of canal front and 85 feet of protected dockage featuring a 40,000-pound lift and davits, deep-water canal provides direct access to the Atlantic Ocean with unparalleled fishing and beautiful reefs. Third-floor total remodel with epic shower and tub area, coffee and wine bar, porch overlooking the ocean, spacious closet. Pool and jacuzzi with cabana and grill area. Sturdy concrete structure, concrete roof providing 360-degree views of the island, and impact windows.

Useful Info

Contingency:No Contingencies
Original List Price:$5,800,000
Close Price:$5,500,000

Land Lot (Parcel) Details

Lot Features:
  • 1/4 To 1/2 Acre Lot
Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Effective Year Built
Architectural
Style:
  • Detached
Levels:Three Or More
Construction Materials:
  • Block
Flooring:
  • Tile
  • Other

Property Features

Has View:Yes
View from the Property:
  • Ocean
  • Canal
Waterfront:Yes
Waterfront Features:
  • Ocean Front
  • Canal Front
  • Riprap
Frontage Length:85
Swimming Pool Features:
  • Concrete
  • Pool
  • In Ground
Spa:Yes
Spa Features:
  • Heated
  • In Ground
Security:
  • Smoke Detector(s)
  • Gated Community
Furnished:
  • Furnished
Appliances:
  • Dryer
  • Dishwasher
  • Disposal
  • Microwave
  • Refrigerator
  • Washer
  • Built-in Oven
Interior Features:
  • First Floor Entry
  • Walk-in Closet(s)
  • Closet Cabinetry
  • Built-in Features
  • Wet Bar
  • Upper Level Primary
  • Sitting Area In Primary
  • Dual Sinks
Exterior Features:
  • Security/high Impact Doors
  • Fence
  • Patio
  • Lighting
  • Shed
  • Outdoor Grill
  • Shutters Electric
Patio and Porch Features:
  • Patio
Roof:
  • Concrete
Window Features:
  • Blinds
  • Impact Glass
  • Plantation Shutters
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
  • Ceiling Fan(s)
Heating:Yes
Heating System:
  • Central
Property Entrance Faces:
  • East

Taxes and Expenses

Tax Annual Amount:$26,725

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023
Association Fee:$1,500
Association Fee Frequency:
  • Annually
Property Tax Status:Tax Reflects No Exemptions

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Call Agent
Buyer Possession:
  • Close Of Escrow
Buyer Financing:
  • Cash
Lease Considered:No

Community

Pets Allowed?:
  • Yes
  • No Pet Restrictions
Subdivision Name:PORT LARGO 5TH ADD
Community Features:
  • Gated
  • Boat Facilities
Senior Community:No
Restrictions: Other Restrictions

Parking

Garage Spaces:0
Carport Spaces:2
Covered Spaces:2
Parking Features:
  • Driveway
Carport:Yes

Utilities

Sewer:
  • Public Sewer
Water Source:
  • Public

More Details

Other Information:
Tax InformationTax Reflects No Exemptions
Housing Older Persons ActNo HOPA
Flood ZoneVE
Type of AssociationHomeowners
Rooms DescriptionRecreation Room,Storage Room
Style WF/Pool/Ocean Access
FEMA Flood Zone DesignationsVE
Buyer Country of ResidenceUSA
Buy StateFlorida
Water Access Description:Boatlift,Boat Hoists/Davits,Unrestricted Salt Water Access

Zoning and Legal

Tax Legal Description:PORT LARGO FIFTH ADDITION KEY LARGO PB6-109 LOT 541 & PT PVT RD OR796-2450 OR866-293/295 OR1003-1510/1513E OR1010-904/906 OR1029-2472 OR1795
Real Estate Folio Number (Parcel Number):00453475-015700
Zoning Description:IS- Improved Subdivi
Public Survey Section:33

Listing History

Update/EventDate/Days
Published Date:January 20, 2024 7:09 pm
On Market Date:January 16, 2024
Close Date:February 22, 2024
Price Change Date Time:January 18, 2024 10:30 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:February 22, 2024 6:23 pm
Status Last Changed:February 22, 2024 6:23 pm
Photos Last Modified:January 22, 2024 4:37 pm
Last Modified:February 22, 2024 11:24 pm
Days on the Market Reference Date:February 22, 2024
Days on the Market (updated on Last Modified*):15
Cumulative Days on the Market (updated on Last Modified**):15

Additional Information

Lot Size Range:1/4 To Less Than 1/2 Acre Lot
Number of Photos:92
Location:,,1/4 To Less Than 1/2 Acre Lot
Included:,,
Geographical Area:Other Geographic Area (Out Of Area Only)
Area:98 Florida Keys
Courtesy of:Coldwell Banker Schmitt R.E.
Universal Property Id:US-12087-N-00453475015700-R-N

Location

Show Property Address:Yes
Street Name:Ocean Cay Dr
Street Number:541
Street Address:541 Ocean Cay Dr
City : Key Largo
State : Florida
Zip Code : 33037
County : Monroe County
Full Address:541 Ocean Cay Dr, Key Largo, FL 33037
Latitude:N25° 5' 42.9''
Longitude:W81° 34' 13.2''

Neighborhood

Postal City:Key Largo

Property Map

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