39 Thatch Palm Way, Ocean Reef, FL 33037
Property image
Property image
OFF MARKET

$5,064,800

Trulia Estimate
  • 5 Beds
  • 5.5 Baths
  • 4,360 sqft (on 0.43 acres)

39 Thatch Palm Way, Ocean Reef, FL 33037

Est. Refi. Payment $34,148/mo*
Refinance Your Home
Currently Off Market - Sold Jul 16, 2025 for $5,000,000

Home Value

Trulia Estimate
$5.07M
Since last month
Increased$33K (+0.7%)
Since last year
Increased$44K (+0.9%)
Since last sale
Increased$67K (+1.3%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +162% in the last 10 years
MonthEstimated value
2026
August 2026$5.07M
August 2026$5.06M
July 2026$5.03M
June 2026$4.97M
May 2026$4.86M
April 2026$4.92M
March 2026$4.9M
February 2026$4.96M
January 2026$4.94M
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
355 S Harbor Dr, Ocean Reef, FL
0.21
Single-Family Home
$4,500,000
11/14/25
5
5.5
4,500
345 S Harbor Dr, Key Largo, FL
0.18
Single-Family Home
$4,750,000
04/08/26
3
3.5
3,825
15 Cinnamon Bark Ln, Ocean Reef, FL
0.40
Single-Family Home
$8,100,000
07/24/26
5
6
4,957
39 Cinnamon Bark Ln, Key Largo, FL
0.45
Single-Family Home
$6,850,000
04/01/26
6
6.5
4,610
22 Harbor Island Dr, Key Largo, FL
0.45
Single-Family Home
$7,700,000
05/14/26
4
5.5
5,168
12 Mahogany Ln, Key Largo, FL
0.22
Single-Family Home
$3,825,000
06/22/26
3
3
2,083
13 N Bridge Ln, Key Largo, FL
0.66
Single-Family Home
$4,600,000
07/24/26
4
3.5
2,768
21 S Bridge Ln, Key Largo, FL
0.60
Single-Family Home
$12,250,000
02/04/26
4
5
7,084
3 Caloosa Rd, Key Largo, FL
0.86
Single-Family Home
$6,400,000
06/30/26
4
3
2,947
17 Caloosa Rd, Key Largo, FL
0.88
Single-Family Home
$6,150,000
01/22/26
4
3
2,368

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
45 Thatch Palm Way, Ocean Reef, FL 33037
0.03
$5,335,100
5
6
6,288
Off Market
185 S Harbor Dr, Key Largo, FL 33037
0.10
$4,767,100
6
6
4,385
Off Market
36 Thatch Palm Way, Ocean Reef, FL 33037
0.05
$4,762,100
4
5.5
4,245
Off Market
175 S Harbor Dr, Key Largo, FL 33037
0.12
$7,831,600
4
5.5
4,361
Off Market
23 Tamarind Ln, Key Largo, FL 33037
0.16
$4,281,200
3
3
2,281
Off Market
24 Tamarind Ln, Key Largo, FL 33037
0.18
$7,280,500
5
6.5
5,307
Off Market
345 S Harbor Dr, Key Largo, FL 33037
0.18
$4,750,000
3
3.5
3,825
Recently Sold
8 Mahogany Ln, Key Largo, FL 33037
0.20
$6,419,700
4
5
5,494
Off Market
355 S Harbor Dr, Ocean Reef, FL 33037
0.21
$4,500,000
5
5.5
4,500
Recently Sold
12 Mahogany Ln, Key Largo, FL 33037
0.22
$3,825,000
3
3
2,083
Recently Sold
365 S Harbor Dr, Ocean Reef, FL 33037
0.23
$8,300,000
5
6.5
5,400
For Sale

Local Information

  • Map ViewExplore the area around 39 Thatch Palm Way.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 2000
0.43 acre lot
4,360 sqft
$1,162/sqft
2 Car Garage

About this House

Located on a quiet cul-de-sac close to the Member Fitness Center and Spa, this home has wonderful curb appeal and lush lighted landscaping. Beautiful large home with high ceilings on the Hammock Golf Course in an extremely private setting. Light and bright, this home features 5 bedrooms and 5.5 baths. First floor master includes two generous closets and a very large master bathroom with lots of natural light. The gourmet kitchen features new cabinets and countertops, two dishwashers, double ovens, wine closet, ice maker, beverage fridge, gas range, center island, counter seating for 6, and stainless appliances. The second story offers 3 bedrooms, each with en-suite baths, a large landing area/loft for playroom or den, and a large outdoor patio/balcony. Spacious pool and patio space overlooks the 12th hole of the golf course, with ample covered space as well. Recently renovated and extremely well-appointed, this home is being sold furnished. Must see home for the right Ocean Reef family!
39 Thatch Palm Way, Ocean Reef, FL 33037 is a 5 bedroom, 6 bathroom, 4,360 sqft single-family home built in 2000. It last sold for $5,000,000 on Jul 16, 2025 (9% below the $5,500,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $5,064,800.
Last check for updates: about 1 hour ago
Listed by Cassy Everhart, Morgan Smith
Ocean Reef Club Sotheby's International Realty
Bought with: Roberta Watson, Watson Luxury Properties at Ocean Reef
Source: CLS at Ocean Reef, MLS#2661

Home Details for 39 Thatch Palm Way

Interior Features

Interior Details
Number of Rooms: 15
Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 6Number of Bathrooms (full): 5Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 4360 Square Feet
Appliances & Utilities
Appliances: Washer, Dryer, Dishwasher, Refrigerator, MicrowaveDishwasherDryerMicrowaveRefrigeratorWasher
Fireplace & Spa
Spa: Spa/Hot TubNo FireplaceHas a Spa
Levels, Entrance, & Accessibility
Stories: 2Accessibility: Wheel Chair Accessible
View
No View

Exterior Features

Exterior Home Features
Patio / Porch: Deck/Patio
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageHas an Attached GarageParking Spaces: 2Parking: Attached,2 Car Garage
Pool
Pool: Outdoor Pool
Frontage
Not on Waterfront

Property Information

Year Built
Year Built: 2000Year Renovated: 2016
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Traditional
Building
Building Name: 39 Thatch Palm WayConstruction Materials: Corrugated Metal Panels, Concrete BlockNot a New Construction
Property Information
Condition: As IsParcel Number: 00573710001800

Price & Status

Price
List Price: $5,500,000

Active Status

MLS Status: Closed

Location

Direction & Address
City: Key LargoCommunity: Not Condo or Condo Outside MLS Area

Building

Building Area
Building Area: 4360 Square Feet

Lot Information

Lot Area: 0.43 acres

Listing Info

Special Conditions: Traditional

Rental Terms, Policies & Fees

Furnished

Miscellaneous

Mls Number: 2661

Price and Tax history

DateEventPrice
Jul 16, 2025
Source: N/A
Sold
$5,000,000
Jun 5, 2025
Source: CLS at Ocean Reef #2661
Pending
$5,500,000
Apr 3, 2025
Source: CLS at Ocean Reef #2661
PendingToActive
$5,500,000
Mar 18, 2025
Source: CLS at Ocean Reef #2661
Pending
$5,500,000
Jul 26, 2024
Source: CLS at Ocean Reef #2661
PriceChange
$5,500,000
Price decreased by 15%

Market trends in Key Largo

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$1.4M
$41.67KMoM
Sale-to-List Price
95.7%
0.4%MoM
Price per sq ft
$803
$38MoM
Available listings
241
14MoM

Around this home

What Locals Say about Key Largo

At least 96 Trulia users voted on each feature.

  • 92 % Say it's dog friendly

  • 84 % Say parking is easy

  • 79 % Say car is needed

  • 78 % Say yards are well-kept

  • 74 % Say people would walk alone at night

  • 72 % Say there's holiday spirit

  • 66 % Say it's quiet

  • 66 % Say they plan to stay for at least 5 years

  • 63 % Say it's walkable to restaurants

  • 55 % Say neighbors are friendly

  • 55 % Say kids play outside

  • 52 % Say there's wildlife

  • 47 % Say there are community events

  • 45 % Say it's walkable to grocery stores

  • 31 % Say streets are well-lit

  • 23 % Say there are sidewalks

Sourced by Trulia users. Learn more about our methodology.
  • Cn68dgn6hz
    "They have Dogs ism assuming they happy with the neighborhood as they are very much friendly is a very nice neighborhood "
    0
    Flag
  • Shaun Matthews
    "I drive everywhere I need to go. Golf carts are permissible in most neighborhoods. Everything is within a 5 min car ride. "
    0
    Flag
  • Dr.mahoney
    "We take care of each other in times of need hurricanes a good example. Animals are safe and people are friendly "
    0
    Flag
  • DC
    "Imagine living in a neighborhood where everyone knows each other and looks out for one another—where you can spend lazy afternoons lounging in beautiful parks or embark on thrilling marine adventures. Your kids will have a blast playing in sports leagues and attending top-notch schools. And the best part? The whole vibe is super chill and welcoming. That's the kind of community you'll find here!"
    0
    Flag
  • Carol Painter
    "Silver Shores is a beautiful 55 and older park! All yards are beautiful with grass, flowers, and trees! All the owners love it here!"
    0
    Flag
  • Deborah Clarke
    "Great neighbors, wonderful parks, beautiful sunsets, great church, great schools to choose from. The bond of our community. Every year our street throws an annual Keys Christmas Party. There is a sense of peace and connection knowing that you are safe and valued in your neighborhood. Everyone is so friendly, which makes it so inviting."
    0
    Flag
  • Karen M.
    "its a tourist spot area and very close to everything that you may need its a small city but very nice place"
    0
    Flag
  • Davius C.
    "It’s pretty dog friendly around here. I always see people walking their dogs. I have three of my own. The neighbors wave and say hi to my dogs while they are walking their dogs"
    0
    Flag
  • Diamonddegree
    "Private and secluded neighborhood at the beginning of the Florida keys. Great diving and snorkeling options "
    1
    Flag
  • Stuart G.
    "my commute is 20 miles but with traffic it takes anywhere from 35 minutes to 2 hours. just depends on the traffic "
    1
    Flag
  • Danlsteadman
    "Dogs are welcome at local restaurants with outside seating. Water bowls are available at these restaurants. "
    0
    Flag
  • Lmgkeys
    "Safe area. Surrounded by the water. Good schools. Great fishing and boating. Kayak and canoeing. Small island nearby."
    0
    Flag
  • Virgil R.
    "There are lots of kids here and watchful parents. So it’s safe for them to play outside and ride their bikes on the back streets. The fathers are outside and monitoring the speed people drive. "
    0
    Flag
  • Ruthrich41
    "We have allowed activities here so we get acquainted with a lot of people in our area and you get to know them and you make friends here we have 240 homes in our compound and a lot of good neighbours are very good friends are here"
    1
    Flag
  • Virgil R.
    "It’s next to the ocean and boat launches and public pools And Public parks where you can walk your dog play tennis do a fitness circuit and volleyball and it’s raining in downtown so it’s easy to leave there and get something to eat"
    1
    Flag
  • mdasca
    "This area is unique because it is close to Miami yet feels like worlds away. This community had neighbors that all have a passion for boating. There is no place in the world like the Florida keys!"
    0
    Flag
  • sherieann2008
    "This is one of the friendliest communities I have ever lived in. The neighbors all know each other and watch out for everyone. We are close to all of the entertainment and dining we want but have the quiet and privacy of a small community - the best of both worlds"
    0
    Flag
  • Lian A.
    "GATED COMMUNITY WITH DEEP WATER DOCKAGE - FAMILY FRIENDLY"
    0
    Flag
  • Kathy D.
    "Key Largo is known for its commuting ease from the Miami Dade area. It has a great Aquatic center, lots of dining options and, as with the rest of the Keys, is known for its water sports which include fishing, diving, kayaking, snorkeling, jet skies etc. The Keys are considered the Caribbean of the US. All the beauty and nice people, no passport."
    0
    Flag
  • Alicia O. L.
    "I have lived here for 7 years and absolutely love it!!!! A.L."
    1
    Flag

LGBTQ Local Legal Protections

Copyright Central Listing Service at Ocean Reef, Inc. All rights reserved. Information is deemed reliable but not guaranteed.

Frequently asked questions about 39 Thatch Palm Way

  • What is 39 Thatch Palm Way estimated to be worth?
    Trulia's estimated value for 39 Thatch Palm Way in Ocean Reef, FL is $5,064,800.
  • What is the price history for 39 Thatch Palm Way?
    39 Thatch Palm Way in Ocean Reef, FL last sold for $5,000,000 in July 2025.
  • Is Ocean Reef a buyer's or seller's market?
    Ocean Reef is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Ocean Reef?
    The median sale price in Ocean Reef is $1.4M. That is down $41.67K from the prior month.
  • Does 39 Thatch Palm Way have a pool?
    Yes, 39 Thatch Palm Way in Ocean Reef, FL has a pool.
  • Does 39 Thatch Palm Way have laundry facilities?
    Yes, 39 Thatch Palm Way in Ocean Reef, FL has in-unit laundry.

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