$1,995,000
PENDING NEW CONSTRUCTION $380K PRICE DROP

229 Upper Matecumbe Rd Key Largo, FL 33037

Estimated payment $10,953/month

Total Views 17,171
5 Beds
3 Baths
3,184 Sq Ft
$627 Price per Sq Ft

Highlights

  • Dock made with concrete
  • New Construction
  • RV or Boat Parking
  • Coral Shores High School Rated A
  • Concrete Pool
  • Gulf View

About This Home

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.

Listing Agent

Sally Stribling

Coldwell Banker Schmitt Key Largo License #3159204 Listed on: 02/24/2025

Coldwell Banker Schmitt Key Largo

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,020

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 6,000 Sq Ft Lot
  • Home fronts a canal
  • Fenced
  • Property is zoned URM - Urban Res Mobile Home District

Property Views

  • Gulf
  • Canal

Home Design

  • Concrete Roof

Interior Spaces

  • 3,184 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Workshop
  • Storage
  • Utility Room
  • Tile Flooring

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • 3 Full Bathrooms

Home Security

  • Impact Glass
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Carport
  • RV or Boat Parking

Accessible Home Design

  • Accessible Elevator Installed

Pool

  • Concrete Pool
  • In Ground Pool
  • Pool Deck
  • Saltwater Pool

Outdoor Features

  • Dock made with concrete
  • Balcony
  • Deck
  • Patio
  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Lake Surprise Properties Subdivision
  • Rental Restrictions
  • RV Parking in Community

Listing and Financial Details

  • Assessor Parcel Number 00534850-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,020

Year Built

Built in 2024 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Control Depth: 4
  • Dockage Dock: Concrete
  • Dockage Dock Length: 60
  • Fee Includes: None
  • Key Island: Key Largo
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 106.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 5019.74
  • Vehicle Storage: Carport, RV Parking Open
  • Vehicle Storage Cars: 4+
  • Year Built: 2024
  • Alternate Key Number: 1658359
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 6000.00
  • Pool Info: In Ground, Decked, Concrete, Salt Water
  • Porch Balcony: Open Porch/Balcony, Deck, Patio, Roof Top Deck
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 3 Stories
  • Estimated Living Sq Ft: 3184.00
  • Property Condition: New Construction
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Interior Amenities: Split Bedroom, Storage, Smoke Alarms, Elevator, Granite Counter Top, Built-in Cabinets
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator
  • Floor: Tile
  • Specialty Rooms: Utility Room, Workshop
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 5
  • Accessibility Features: Accessible Elevator Installed

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Fencing, Storage, Lighting
  • Roof: Concrete Roof
  • Waterview: Bay/Gulf View, Canal View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Municipal Sewer
  • Heating: Central

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00534850-000000
  • Lot Size: 60x100
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.14

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2024

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $4,368 $664,364 $610,095 $54,269
2023 $4,368 $515,121 $480,600 $34,521
2022 $1,657 $233,192 $232,290 $902
2021 $1,522 $179,834 $178,890 $944
2020 $1,483 $179,878 $178,890 $988
2019 $1,412 $171,910 $170,880 $1,030
2018 $1,389 $171,953 $170,880 $1,073
2017 $1,088 $94,566 $0 $0
2016 $1,082 $94,826 $0 $0
2015 -- $86,941 $0 $0
2014 -- $82,928 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2025 09/03/25 Pending -- -- --
07/19/2025 07/19/25 Price Changed $1,995,000 -16.0% $627 / Sq Ft
02/24/2025 02/24/25 For Sale $2,375,000 +246.7% $746 / Sq Ft
02/17/2022 02/17/22 Sold $685,000 -2.0% --
01/05/2022 01/05/22 Price Changed $699,000 -6.7% --
11/02/2021 11/02/21 For Sale $749,000 -- --
Source: Florida Keys Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $685,000 New Title Company Name
Warranty Deed $29,000 --
Source: Public Records

Source: Florida Keys Board of REALTORS®

MLS Number: 613863

Florida Keys Board of REALTORS®

APN: 00534850-000000