1005 Adams Dr Key Largo, FL 33037
4
Beds
3.5
Baths
2,800
Sq Ft
0.3
Acres
Highlights
- Boat Ramp
- Dock made with wood
- In Ground Pool
- Coral Shores High School Rated A
- New Construction
- 1-minute walk to Government Center Park
About This Home
As of April 2025Experience modern coastal design and opulent island living in this captivating new construction home. Located in the heart of Key Largo, this home offers an open-concept layout flooded with natural light, a gourmet chef's kitchen, smart kitchen appliances, 8-foot doorways, and spacious bedrooms with designer en-suites. This magnificent four-bedroom plus den, three-and-a-half-bathroom home is your gateway to paradise. Step inside and experience the seamless fusion of modern architecture with coastal charm. The gourmet kitchen is adorned with high-end finishes, custom cabinetry, sleek countertops, and top-of-the-line stainless steel appliances. The expansive outdoor living spaces are ideal for hosting gatherings and relaxing. Step into your private oasis with a resort-style pool and outdoor entertainment area. This property has a brand new dock where you can dock your vessel just steps from your door, making it easy to explore the surrounding islands and reefs. Water access for boating enthusiasts and proximity to Key Largo's dining and outdoor activities. Enjoy a plethora of restaurants, shops, and outdoor activities at your fingertips. Explore John Pennekamp Coral Reef State Park, go snorkeling or fishing, or simply bask in the laid-back island atmosphere. Don't miss the chance to make this your forever home or vacation retreat - paradise awaits.
Last Agent to Sell the Property
TEAM Walters Gloria, Rachel and Michae
Ocean Sotheby's International Realty License #662034_1 Listed on: 12/10/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,475
Year Built
- Built in 2024 | New Construction
Lot Details
- 0.3 Acre Lot
- Home fronts a canal
- Privacy Fence
- Fenced
- Property is zoned IS - Improved Subivision District
Property Views
- Harbor
- Canal
Home Design
- Metal Roof
- HardiePlank Siding
- Pre-Cast Concrete Construction
Interior Spaces
- 2,800 Sq Ft Home
- 3-Story Property
- Wet Bar
- Tray Ceiling
- Cathedral Ceiling
- Ceiling Fan
- Entrance Foyer
- Workshop
- Storage
- Tile Flooring
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Wine Cooler
- Stainless Steel Appliances
- Granite Countertops
- Quartz Countertops
- Built-In or Custom Kitchen Cabinets
Bedrooms and Bathrooms
- 4 Bedrooms
- Split Bedroom Floorplan
- Walk-In Closet
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Impact Glass
- Fire and Smoke Detector
Parking
- 4 Parking Spaces
- Carport
- Open Parking
- RV or Boat Parking
Pool
- In Ground Pool
- Pool Deck
- Saltwater Pool
Outdoor Features
- Dock made with wood
- Balcony
- Patio
- Outdoor Storage
Utilities
- Central Heating and Cooling System
- Tankless Water Heater
- Public Hookup Available For Sewer
- Community Sewer or Septic
- Cable TV Available
Listing and Financial Details
- Minimum Rental Period: 28
- Assessor Parcel Number 00551000-000500
Community Details
Overview
- No Home Owners Association
- Twin Lakes Subdivision
- Rental Restrictions
- RV Parking in Community
Recreation
- Boat Ramp
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 10, 2024
Closed on
Apr 29, 2025
Sold by
Keys Life Investments Llc
Bought by
Tolley Shawn
Seller's Agent
TEAM Walters Gloria, Rachel and Michae
Ocean Sotheby's International Realty
Buyer's Agent
Pete Riveiro
The Firm Realty Group
List Price
$2,850,000
Sold Price
$2,700,000
Premium/Discount to List
-$150,000
-5.26%
Total Days on Market
112
Views
88
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-44.03%
Original Mortgage
$2,000,000
Outstanding Balance
$2,000,000
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$460,555
Purchase Details
Closed on
Aug 31, 2020
Sold by
Arnette Richard Joseph
Bought by
Crane Adams Llc
Purchase Details
Closed on
Feb 23, 1999
Sold by
Robinson William L
Bought by
Hand Barbara A and Arnette Richard J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
6.79%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 1, 1991
Bought by
Arnette Richard Joseph
Purchase Details
Closed on
Mar 1, 1982
Bought by
Arnette Richard Joseph
Purchase Details
Closed on
Feb 1, 1979
Bought by
Arnette Richard Joseph
Similar Homes in Key Largo, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,700,000 | Cla Title & Escrow | |
| Warranty Deed | $2,700,000 | Cla Title & Escrow | |
| Warranty Deed | $240,000 | Attorney | |
| Warranty Deed | $40,000 | -- | |
| Warranty Deed | $55,000 | -- | |
| Warranty Deed | $39,900 | -- | |
| Deed | $16,200 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,000,000 | New Conventional | |
| Closed | $2,000,000 | New Conventional | |
| Previous Owner | $864,645 | Construction | |
| Previous Owner | $30,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/30/2025 04/30/25 | Sold | $2,700,000 | -5.3% | $964 / Sq Ft |
| 04/01/2025 04/01/25 | Pending | -- | -- | -- |
| 12/10/2024 12/10/24 | For Sale | $2,850,000 | -- | $1,018 / Sq Ft |
Source: Florida Keys Board of REALTORS®
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,475 | $1,781,885 | $810,813 | $971,072 |
| 2023 | $5,475 | $653,156 | $653,156 | $0 |
| 2022 | $1,710 | $250,253 | $250,253 | $0 |
| 2021 | $1,362 | $130,133 | $130,133 | $0 |
| 2020 | $1,039 | $130,133 | $130,133 | $0 |
| 2019 | $1,004 | $125,128 | $125,128 | $0 |
| 2018 | $990 | $123,503 | $123,503 | $0 |
| 2017 | $947 | $116,093 | $0 | $0 |
| 2016 | $926 | $107,611 | $0 | $0 |
| 2015 | $756 | $60,391 | $0 | $0 |
| 2014 | $738 | $51,956 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
TEAM Walters Gloria, Rachel and Michae
T
Seller's Agent in 2025
TEAM Walters Gloria, Rachel and Michae
Ocean Sotheby's International Realty
(305) 712-8888
90 Total Sales
-
Pete Riveiro
Buyer's Agent in 2025
Pete Riveiro
The Firm Realty Group
(305) 608-2169
59 Total Sales
Map
Source: Florida Keys Board of REALTORS®
MLS Number: 612618
APN: 00551000-000500
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