Residential in 48 Thatch Palm Way Key Largo for sale with MLS# A11991076
Build your legacy on one of the largest available lots in The Hammock at Ocean Reef. Spanning nearly an acre (40,700 sq. ft.), this prime cul-de-sac location offers unparalleled seclusion and stunning lake views. This property provides the scale to accommodate your grandest designs. This is a unique opportunity to design a residence that prioritizes indoor-outdoor living, lake views, and absolute tranquility.
48 Thatch Palm Way, Key Largo, FL 33037
Price
- Price:
- $3,700,000.00
- Previous Asking Price:
- $4,500,000.00
- Original List Price:
- $4,500,000.00
Property Status and Type
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Land
- Property Type:
- Residential
- MLS Number:
- A11991076
- Description of Last Important Update:
- Price Change
- Last Major Update on:
- April 9, 2026 6:28 pm
Measures
- Lot Size Unit:
- Square Feet
- Lot Features:
- Buyer Approval Required
- Lot Size Acres:
- 0.93
- Number of Lots:
- 1
Property Features
- View from the Property:
- Lake
- Waterfront:
- Yes
- Waterfront Features:
- Lake Front
- Frontage Length:
- 0
- Security:
- Gated Community
- Building:
- Not Applicable
- Property Entrance Faces:
- East
- Water Access Description:
- None
Taxes and Expenses
- Tax Annual Amount:
- $18,540.00
- Tax Year:
- 2025
Parking
- Covered Spaces:
- 0
Community
- Association
- Subdivision Name:
- Ocean Reef Club
- Community Features:
- Gated, Home Owners Association, Tennis Court(s), Golf, Golf Course Community
- Senior Community:
- No
- Development Status:
- Site Plan Filed, Raw Land
Terms
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Negotiable, Close Of Escrow
Zoning and Legal
- Tax Legal Description:
- BLK 7 LT 16 HARBOR COURSE SOUTH SEC III OCEAN REEF PLAT NO 18 PB7-53 OR1352-840/43
- Real Estate Folio Number (Parcel Number):
- 8769598
Listing History
- Originally published on:
- March 28, 2026 6:55 pm
- Active on the market since:
- March 27, 2026
- Price change occurred on:
- April 9, 2026 6:28 pm
- Listing Status Last Changed On:
- March 28, 2026 6:55 pm
- Photos updated on:
- March 28, 2026 11:06 pm
- Last Modified:
- April 9, 2026 10:28 pm
Additional Information
- Municipal Code:
- 0
- Subdivision Number:
- 0
- Courtesy of:
- Swenson & Ecuyer Realty
- Attribution:
- Not provided
Location
- Street Name:
- Thatch Palm Way
- Street Number:
- 48
- City:
- Key Largo
- State:
- Florida
- Zip Code:
- 33037
- County:
- Monroe
- Latitude:
- N25° 17' 30.6''
- Longitude:
- W81° 42' 26.7''
Property Map
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Median Household Income
$80,911
Median Home Value
$660,700
Median Rent
$1,896/mo
Median Age
54
Population
13,674
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