Waterfront luxury in the heart of Key Largo, Florida - this newly constructed home combines modern opulence & an unmatched location. Tastefully designed for island living, the property boasts an array of high-end finishes & thoughtfully curated layout. The main level of the home features 4 bedrooms & 4 bathrooms, with a sprawling covered patio and plentiful entertainment space. Upstairs you'll find the primary suite, kitchen, great room & more porch space to embrace the indoor/outdoor Keys living. Relax and entertain in style with a private lap pool & luxurious champagne spa, perfect for unwinding after a day on the water. Your boats are ready to be parked at the newly installed 70FT concrete seawall & dock, making it the ideal spot for boating enthusiasts. Additional highlights to note are the Miele kitchen appliances, 9' impact glass windows & doors, solar panel system, full audio in all rooms & outdoor spaces, CCTV camera security system, outdoor summer kitchen, putting green & more.
New construction
Price cut: $490K (3/24)
$4,990,000
16 S Exuma Rd, Key Largo, FL 33037
5beds
3,786sqft
Est.:
Single Family Residence
Built in 2026
8,276.4 Square Feet Lot
$4,817,100 Zestimate®
$1,318/sqft
$-- HOA
What's special
Outdoor summer kitchenHigh-end finishesGreat roomLuxurious champagne spaPutting greenSprawling covered patioMore porch space
- 76 days |
- 1,376 |
- 48 |
Zillow last checked: 7 hours ago
Listing updated: March 24, 2026 at 03:42am
Listed by:
Courtney Conley 305-395-8206,
Serhant Florida LLC - Coconut Grove,
Angel Nicolas 305-336-0916,
Serhant Florida LLC - Coconut Grove
Source: FLKMLS,MLS#: 618259
Originating MLS: Florida Keys
Originating MLS: Florida KeysTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
Cooling
- Central Air
Appliances
- Included: Washer, Stainless Steel Appliance(s), Wine Cooler, Ice Machine, Disposal, Oven, Refrigerator, Dishwasher, Dryer
- Laundry: Laundry Room
Features
- Wet Bar, Bar, Walk-In Closet(s), Storage, Elevator, Built-in Cabinets, Entrance Foyer
- Doors: Sliding Glass Doors, Impact Rstnce Doors
- Windows: Impact Rstnce Window
- Furnished: Yes
Interior area
- Total interior livable area: 3,786 sqft
Property
Parking
- Parking features: Carport, Covered, Off Street
- Has carport: Yes
Features
- Patio & porch: Open Porch/Balcony, Patio
- Exterior features: Bar, Storage, Outdoor Kitchen, Lighting, Built-in Barbecue
- Has private pool: Yes
- Pool features: In Ground, Concrete, Lap
- Has spa: Yes
- Spa features: Private
- Fencing: Fenced
- Has view: Yes
- View description: Ocean, Canal
- Has water view: Yes
- Water view: Ocean,Canal
- Waterfront features: Oceanfront, Canal Front, Waterfront, Dock Length: 70
Lot
- Size: 8,276.4 Square Feet
- Dimensions: 70 x 120
- Features: Less Than 1/4 Acre
Details
- Parcel number: 00539940000000
- Zoning: SF
- Zoning description: Single Family
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: Public Sewer
- Utilities for property: FKAA, Buyer to Verify, Cable Connected
Green energy
- Energy generation: Solar Power
Community & HOA
Community
- Security: Security System
- Subdivision: Ocean Isle Estates (106.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Key Largo
Financial & listing details
- Price per square foot: $1,318/sqft
- Tax assessed value: $521,466
- Annual tax amount: $4,291
- Date on market: 1/22/2026
Estimated market value
$4,817,100
$4.58M - $5.06M
$7,896/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/24/2026 | Price change | $4,990,000-8.9%$1,318/sqft |
Source:  MIAMI #A11950142 Report a problem | ||
| 1/22/2026 | Listed for sale | $5,480,000+13%$1,447/sqft |
Source: MIAMI #A11950142 Report a problem | ||
| 11/26/2025 | Listing removed | $4,850,000$1,281/sqft |
Source:  FLKMLS #615555 Report a problem | ||
| 11/24/2025 | Listed for sale | $4,850,000$1,281/sqft |
Source:  Key West AOR #615555 Report a problem | ||
| 10/4/2025 | Listing removed | $4,850,000$1,281/sqft |
Source: FLKMLS #615555 Report a problem | ||
| 6/24/2025 | Listed for sale | $4,850,000+1112.5%$1,281/sqft |
Source: FLKMLS #615555 Report a problem | ||
| 9/24/2021 | Sold | $400,000-30.4%$106/sqft |
Source: FLKMLS #593015 Report a problem | ||
| 9/14/2021 | Contingent | $575,000$152/sqft |
Source: MIAMI #A10939273 Report a problem | ||
| 8/30/2021 | Pending sale | $575,000$152/sqft |
Source: FLKMLS #593015 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,292 +12.3% | $488,220 +10% |
| 2024 | $3,822 +5% | $443,836 +10% |
| 2023 | $3,639 +17.6% | $403,487 +10% |
| 2022 | $3,093 +183.4% | $366,806 +512.2% |
| 2021 | $1,092 +0.8% | $59,914 +10% |
| 2020 | $1,083 | $54,467 -50% |
| 2019 | $1,083 +18.5% | $108,864 |
| 2018 | $914 | $108,864 +4.9% |
| 2017 | -- | $103,761 -11% |
| 2016 | -- | $116,584 -28.6% |
| 2015 | -- | $163,310 |
Find assessor info on the county website
Monthly payment
Est. payment
$28,294/mo
Principal & interest
$24884
Property taxes
$3410
More affordability tools
Climate risks
Neighborhood: 33037
Nearby schools
GreatSchools rating
- 8/10Key Largo SchoolGrades: PK-8Distance: 13.2 mi
- 4/10Coral Shores High SchoolGrades: 9-12Distance: 27.6 mi
Local experts in 33037
- Florida
- Monroe County
- Key Largo
- 33037
- 16 S Exuma Rd
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