229 Upper Matecumbe Road
About This Property
panoramic views and spectacular sunsets. The spacious first level with a sparkling swimming pool for for relaxing and outdoor entertaining. The
second level has a bright and airy living space, a gourmet kitchen, an office/bedroom and a bedroom with bathroom. On the third level you will
find the second living room/TV room, the grand owner's suite with bathroom and his and hers walk in closets and two more bedrooms with a
bathroom. All rooms have access to spacious terraces and the lift serves all three floors. The new concrete 60-foot dock has direct access to
open bay and atlantic waters with waterfront restaurants,
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 23, 2026 | In contract | - | |
| In contract | |||
| Dec 1, 2025 | Listed | $1,995,000 | |
| Listed | |||
| | |||
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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 deep water 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.
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| Jan 14, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Dec 15, 2024 | Listed by Beycome of Florida LLC | $2,375,000 | |
| Listed by Beycome of Florida LLC | |||
| Sep 2, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017