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For sale
  • Price cut: $100K (2/6)
    $2,400,000

    254 Lower Matecumbe Rd, Key Largo, FL 33037

    5beds
    2,778sqft
    : 
    Single Family Residence
    Built in 2019
    6,098.4 Square Feet Lot
    $2,290,900 Zestimate®
    $864/sqft
    $-- HOA

    What's special

    Three private ensuitesBuilt-in elevator shaftModern constructionElectric blindsLaundry roomRemote thermostatsImpact windows and doors
    Welcome to your turnkey Florida Keys Oasis. It's big, it's beefy, and it's a whole lot of tropical fun. From exquisite modern details to a vibe that just says ahhhh. Spacious, and built in 2019 with solid CBS construction, impact windows and doors and a comfort level perfect for full-time island living or an easy South Florida weekend escape.This elegant 5 Bedroom / 4 Bathroom coastal home delivers three private ensuites, a beautiful chef's kitchen, multiple balconies, and exceptional outdoor living spaces to set the tropical mood.The bright second level features a wide-open great room, dining area, and a stunning kitchen with a prep / dining island, custom cabinetry, and stainless appliances. Impact sliders extend the living space to the first balcony, perfect for morning coffee or sunset cocktails. This floor also includes one ensuite bedroom, two guest rooms, and a full bath.Upstairs, you'll find another private ensuite plus a spacious Primary Suite with an elegant Primary bath and a breezy upper balcony ideal for unwinding. Every room feels refined, calm, and connected to the tropical surroundings.Downstairs, the ground level transforms into your island fun-zone, with an extra-large covered patio for entertaining rain or shine, a heated pool for year-round enjoyment, and a complete boater's setup with two boat lifts (14K & 10K), dockside water and electric, and a fish-cleaning station ready for your catch. Low-maintenance turf, crown molding, electric blinds, remote thermostats, a laundry room, pantry, and a built-in elevator shaft add even more convenience.Quick access from Miami/Fort Lauderdale, excellent boating fishing, and diving, modern construction, and a relaxed tropical vibe make this Key Largo home a true standout. THIS is exceptional Florida Keys living!
    146 days
    |
    689
    |
    30
    |

    Zillow last checked: 7 hours ago

    Listing updated: February 25, 2026 at 11:14am

    Listed by:

    Mykael A. Marinelli 305-439-7730,

    American Caribbean Real Estate, Christie's International Real Estate

    Source: FLKMLS,MLS#: 617320MLS LogoOriginating MLS: Florida Keys

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Electric
      Cooling
      • Central Air, Ceiling Fans(s)
      Appliances
      • Included: Washer, Stainless Steel Appliance(s), Ice Machine, Dryer
      • Laundry: Laundry Room
      Features
      • Quartz Countertops
      • Flooring: Tile
      • Doors: Sliding Glass Doors, Impact Rstnce Doors
      • Windows: Window Treatments
      Interior area
      • Total interior livable area: 2,778 sqft

      Property

      Parking
      • Parking features: Carport, Trailer Storage, RV Parking Open
      • Has carport: Yes
      • Has uncovered spaces: Yes
      Features
      • Levels: Multi/Split
      • Patio & porch: Lanai, Open Porch/Balcony
      • Has private pool: Yes
      • Pool features: Heated, In Ground
      • Has view: Yes
      • View description: Canal
      • Has water view: Yes
      • Water view: Canal
      • Waterfront features: Canal Front, Waterfront, Dockage: Boat Lift
      Lot
      • Size: 6,098.4 Square Feet
      • Features: Less Than 1/4 Acre
      Details
      • Parcel number: 00534340000000
      • Zoning: SF
      • Zoning description: Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • CBS
      Condition
      • Year built: 2019

      Utilities & green energy

      • Sewer: Public Sewer
      • Utilities for property: Buyer to Verify

      Community & HOA

      Community
      • Security: On Premises System
      • Subdivision: Lake Surprise Properties (106.0)
      HOA
      • Has HOA: No
      • Services included: None
      Location
      • Region: Key Largo

      Financial & listing details

      • Price per square foot: $864/sqft
      • Tax assessed value: $1,293,239
      • Annual tax amount: $10,013
      • Date on market: 11/14/2025
      • Listing terms: Cash,Conventional
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        Estimated market value

        $2,290,900

        $2.18M - $2.41M

        $5,173/mo

        Price history

        Price history
        DateEventPrice
        2/6/2026Price change$2,400,000-4%$864/sqft
        Source: Key West AOR #617320 Report a problem
        11/14/2025Listed for sale$2,500,000+843.4%$900/sqft
        Source: FLKMLS #617320 Report a problem
        8/18/2003Sold$265,000+215.5%$95/sqft
        Source: Public Record Report a problem
        5/7/1999Sold$84,000$30/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$10,790 +7.8%$1,203,609 +10%
        2024$10,013 +11.6%$1,094,190 +10%
        2023$8,973 +11.3%$994,718 +10%
        2022$8,058 +13.9%$904,289 +15.2%
        2021$7,074 -0.9%$784,689 -0.3%
        2020$7,138 $786,866 +199.2%
        2019$7,138 +155.6%$262,987 +0.3%
        2018$2,793 +2.7%$262,280 +17.8%
        2017$2,718 +6%$222,718 -0.8%
        2016$2,565 -1%$224,550 +16.6%
        2015$2,592 $192,662

        Find assessor info on the county website

        Monthly payment

        Est. payment
        $13,608/mo
        Principal & interest
        $11968
        Property taxes
        $1640
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          Climate risks

          Neighborhood: 33037

          Getting around

          18 / 100
          Car-Dependent
          54 / 100
          Bikeable

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