Experience the pinnacle of coastal luxury in this brand-new waterfront residence in Key Largo. Featuring five spacious bedrooms and three elegantly appointed bathrooms, this home is crafted with solid concrete construction, ensuring durability and peace of mind.Enjoy breathtaking bay views from the expansive rooftop deck--an ideal setting for entertaining or unwinding as the sun sets over the water. A modern, resort-style pool at the water's edge provides the perfect retreat after a day on the ocean, while the brand-new concrete dock offers a secure haven for your boat, with deepwater access to both the ocean and bay.Inside, this stunning home boasts impact windows and doors, elegant tiled floors throughout, and a chef's kitchen with a waterfall-edge sit-up island, premium appliances, and abundant natural light. A luxury elevator adds convenience, while the spacious covered understory--complete with a workshop and storage area--is perfect for housing all your fishing and boating gear.Located just one hour from Miami International Airport, this tropical paradise offers the perfect blend of exclusivity and accessibility.
New construction
$1,995,000
229 Upper Matecumbe Rd, Key Largo, FL 33037
5beds
3,184sqft
Est.:
Single Family Residence
Built in 2024
6,098.4 Square Feet Lot
$-- Zestimate®
$627/sqft
$-- HOA
What's special
Luxury elevatorResort-style poolAbundant natural lightExpansive rooftop deckWaterfront residenceBreathtaking bay viewsPremium appliances
- 314 days |
- 913 |
- 70 |
Zillow last checked: 8 hours ago
Listing updated: December 18, 2025 at 01:59am
Listed by:
SALLY STRIBLING, P.A. 305-283-2002,
Coldwell Banker Schmitt Key Largo
Source: FLKMLS,MLS#: 613863
Originating MLS: Florida Keys
Originating MLS: Florida KeysTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Central
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: Dishwasher, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator
Features
- Split Bedroom, Storage, Elevator, Granite Counters, Built-in Cabinets, Utility Room
- Flooring: Tile
- Doors: Impact Rstnce Doors
- Windows: Impact Rstnce Window
Interior area
- Total interior livable area: 3,184 sqft
Property
Parking
- Total spaces: 4
- Parking features: Carport, RV Parking Open
- Has carport: Yes
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Accessible Elevator Installed
Features
- Levels: 3 Stories
- Stories: 3
- Patio & porch: Open Porch/Balcony, Deck, Patio, Roof Top Deck
- Exterior features: Storage, Lighting
- Has private pool: Yes
- Pool features: In Ground, Decked, Concrete, Salt Water
- Fencing: Fenced
- Has view: Yes
- View description: Bay/Gulf View, Canal
- Has water view: Yes
- Water view: Bay/Gulf View,Canal
- Waterfront features: Canal Front, Waterfront, Dock: Concrete, Dock Length: 60
Lot
- Size: 6,098.4 Square Feet
- Dimensions: 60 x 100
- Features: Less Than 1/4 Acre
Details
- Additional structures: Workshop
- Parcel number: 00534850000000
- Zoning: URM
- Zoning description: Urban Res Mobile Home District
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- CBS
- Roof: Concrete
Condition
- New Construction
- New construction: Yes
- Year built: 2024
Utilities & green energy
- Sewer: Municipal Sewer, Public Sewer
- Utilities for property: FKAA
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Lake Surprise Properties (106.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Key Largo
Financial & listing details
- Price per square foot: $627/sqft
- Tax assessed value: $1,716,640
- Annual tax amount: $5,019
- Date on market: 2/24/2025
Estimated market value
Not available
Estimated sales range
Not available
$7,724/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/2/2025 | Listed for sale | $1,995,000$627/sqft |
Source:  MIAMI #A11923653 Report a problem | ||
| 9/5/2025 | Pending sale | $1,995,000$627/sqft |
Source:  FLKMLS #613863 Report a problem | ||
| 7/19/2025 | Price change | $1,995,000-16%$627/sqft |
Source: FLKMLS #613863 Report a problem | ||
| 2/24/2025 | Listed for sale | $2,375,000-8.6%$746/sqft |
Source: FLKMLS #613863 Report a problem | ||
| 9/1/2024 | Listing removed | $2,599,000$816/sqft |
Source:  Key West AOR #609192 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,824 +175.4% | $1,667,194 +194.2% |
| 2024 | $5,020 +14.9% | $566,633 +10% |
| 2023 | $4,368 +163.6% | $515,121 +255.3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$11,925/mo
Principal & interest
$9864
Property taxes
$1363
Home insurance
$698
Climate risks
Neighborhood: 33037
Nearby schools
GreatSchools rating
- 8/10Key Largo SchoolGrades: PK-8Distance: 1.2 mi
- 4/10Coral Shores High SchoolGrades: 9-12Distance: 15.7 mi
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