A striking new construction waterfront residence, offering a rare opportunity to own a modern architectural statement in the heart of Key Largo. Designed for elevated coastal living, this oceanside retreat features 55' of concrete seawall with deepwater dockage and a 15,000 lb boat lift--ideal for boaters seeking immediate access to the Atlantic and the Florida Keys lifestyle. Soaring ceilings, oversized doors, sleek glass railings, and dramatic floor-to-ceiling windows fill the interiors with natural light while showcasing the home's refined contemporary design. Every detail has been thoughtfully designed to balance warmth and sophistication, with clean modern lines, expansive open living spaces, and a seamless indoor-outdoor flow built for entertaining. An elevator provides effortless access across all levels, creating a residence that is both luxurious and future-forward. Outdoors, a resort-style pool tucked beneath the home offers a shaded reprieve after long days on the water. The crowning feature is an expansive rooftop terrace with direct ocean views, offering an unforgettable setting for sunset gatherings and panoramic island scenery. Purpose-built for hosting, this residence pairs striking modern design with exceptional outdoor living spaces that celebrate the oceanfront setting.Centrally located near Key Largo's renowned dining, marinas, and amenities, and just one hour from the mainland, this turn-key new construction property is perfectly suited as a primary residence, weekend escape, or high-demand vacation rental investment. With final touches underway, this is modern Keys living at its finest--timeless, bold, and designed for those who value architecture, waterfront access, and effortless luxury.
New construction
Price cut: $501K (2/15)
$4,499,000
108 Coral Way, Key Largo, FL 33037
4beds
3,373sqft
Est.:
Single Family Residence
Built in 2026
3,484.8 Square Feet Lot
$4,260,900 Zestimate®
$1,334/sqft
$218/mo HOA
What's special
Striking modern designDramatic floor-to-ceiling windowsPanoramic island scenerySleek glass railingsClean modern linesSoaring ceilingsExpansive open living spaces
- 20 days |
- 738 |
- 30 |
Zillow last checked: 7 hours ago
Listing updated: February 16, 2026 at 10:26pm
Listed by:
Walters Luxury Group Gloria, Rachel and Michaela Walters 305-942-6834,
Ocean Sotheby's International Realty
Source: FLKMLS,MLS#: 618651
Originating MLS: Florida Keys
Originating MLS: Florida KeysTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Central, Hot Water, Electric
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: Washer, Stainless Steel Appliance(s), Wine Cooler, Disposal, Microwave, Oven, Refrigerator, Dishwasher, Dryer
- Laundry: Laundry Room
Features
- Split Bedroom, Quartz Countertops, Tray Ceiling(s), Bar, Walk-In Closet(s), Elevator, Built-in Cabinets, Utility Room, Sound System
- Flooring: Tile, Marble
- Doors: Impact Rstnce Doors
- Windows: Impact Rstnce Window
Interior area
- Total interior livable area: 3,373 sqft
Property
Parking
- Parking features: Open, Covered, Off Street, Guest
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Yes
Features
- Levels: 3 Stories
- Stories: 3
- Patio & porch: Open Porch/Balcony, Deck, Roof Top Deck
- Exterior features: Lighting
- Has private pool: Yes
- Pool features: In Ground, Concrete, Salt Water
- Has view: Yes
- View description: Ocean, Water, Canal
- Has water view: Yes
- Water view: Ocean,Water,Canal
- Waterfront features: Canal Front, Waterfront, Seawall: Concrete, Dock: Concrete, Dock Length: 55, Dockage: Boat Lift
Lot
- Size: 3,484.8 Square Feet
- Dimensions: 55 x 69
- Features: Less Than 1/4 Acre
Details
- Parcel number: 00555011003300
- Zoning: URM
- Zoning description: Urban Res Mobile Home District
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- CBS, Concrete
- Roof: Concrete
Condition
- New Construction
- New construction: Yes
- Year built: 2026
Utilities & green energy
- Sewer: Community Swr Plant, Public Sewer
- Utilities for property: FKAA, Buyer to Verify, Cable Connected
Community & HOA
Community
- Features: Pool, Clubhouse, Community Boat Ramp
- Security: Smoke Detector(s), No Security
- Subdivision: Harborage (97.5)
HOA
- Has HOA: Yes
- Services included: Maintenance Grounds, Other
- HOA fee: $218 monthly
Location
- Region: Key Largo
Financial & listing details
- Price per square foot: $1,334/sqft
- Tax assessed value: $557,810
- Annual tax amount: $5,383
- Date on market: 2/15/2026
- Listing terms: No Seller Finance
Estimated market value
$4,260,900
$4.05M - $4.47M
$7,298/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/15/2026 | Price change | $4,499,000-10%$1,334/sqft |
Source:  Key West AOR #618651 Report a problem | ||
| 1/10/2026 | Listed for sale | $5,000,000+675.2%$1,482/sqft |
Source: Owner Report a problem | ||
| 5/19/2021 | Sold | $645,000$191/sqft |
Source: Public Record Report a problem | ||
| 4/9/2021 | Listed for sale | $645,000$191/sqft |
Source: Owner Report a problem | ||
| 4/6/2021 | Pending sale | $645,000$191/sqft |
Source: Owner Report a problem | ||
| 1/8/2021 | Listed for sale | $645,000+2.4%$191/sqft |
Source: Owner Report a problem | ||
| 1/1/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 12/18/2019 | Listing removed | $630,000$187/sqft |
Source: Owner Report a problem | ||
| 12/10/2019 | Price change | $630,000+5.2%$187/sqft |
Source: Owner Report a problem | ||
| 5/11/2019 | Price change | $599,000-4.9%$178/sqft |
Source: Glenn Hoover Real Estate Services South Florida, LLC #584853 Report a problem | ||
| 3/17/2019 | Listed for sale | $630,000+110%$187/sqft |
Source: Owner Report a problem | ||
| 6/28/2018 | Sold | $300,000$89/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,384 -5.7% | $557,810 -9% |
| 2024 | $5,711 +5.4% | $613,288 +8.4% |
| 2023 | $5,420 +14.8% | $565,517 +10% |
| 2022 | $4,724 +30.3% | $514,106 +56% |
| 2021 | $3,624 +24.5% | $329,531 +25.7% |
| 2020 | $2,912 | $262,221 -4.8% |
| 2019 | $2,912 -3.8% | $275,414 +5% |
| 2018 | $3,028 +2.1% | $262,412 +0.9% |
| 2017 | $2,965 +0.8% | $260,109 +3.4% |
| 2016 | $2,940 -0.5% | $251,544 -6.1% |
| 2015 | $2,955 | $267,834 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$25,812/mo
Principal & interest
$22520
Property taxes
$3074
HOA Fees
$218
Climate risks
Neighborhood: 33037
Nearby schools
GreatSchools rating
- 8/10Key Largo SchoolGrades: PK-8Distance: 7.4 mi
- 4/10Coral Shores High SchoolGrades: 9-12Distance: 7.1 mi
Local experts in 33037
