New construction

Price cut: $25K (8/12)

$1,650,000

38 N Bounty Ln, Key Largo, FL 33037

3beds

2,421sqft

$9,538/mo

Get pre-qualified

Single Family Residence

Built in 2023

0.25 Acres Lot

$1,603,200 Zestimate^®

$682/sqft

$-- HOA

What's special

Designer finishesSpacious backyardExceptional spaceBright open floor planSurrounded by upscale homesSoaring ceilingsOversized porcelain tile

'One of the largest newer homes available in this price range.' Be the first to enjoy this never-lived-in residence offering exceptional space, quality, and value in one of Key Largo's most desirable neighborhoods. Thoughtfully designed with soaring ceilings, 8-foot doors, oversized porcelain tile, designer finishes, and a bright open floor plan, this home stands apart from others in its price range. The spacious backyard offers room to create your own private oasis with a pool and outdoor entertaining area. Nestled on a peaceful lake and surrounded by upscale homes, you'll also enjoy convenient boating access to beautiful Florida Bay through the nearby sister neighborhood's private boat ramp. Ideally located near shopping, dining, John Pennekamp Coral Reef State Park, and just an easy drive to Miami, this is a rare opportunity to own a brand-new home that perfectly blends luxury, lifestyle, and value in the Florida Keys.

114 days
1,408
64

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Cooling

Central Air

Appliances

Included: Dishwasher, Refrigerator, Range, Oven, Microwave, Wine Cooler, Stainless Steel Appliance(s)
Laundry: Laundry Room

Features

Lobby, Storage, Walk-in Closet(s), Quartz Countertops
Flooring: Tile

Interior area

Total structure area: 2,421
Total interior livable area: 2,421 sqft

Property

Parking

Parking features: Open, RV Access/Parking, Storage
Has uncovered spaces: Yes

Features

Patio & porch: Open Porch/Balcony, Patio
Exterior features: Storage
On waterfront: Yes

Lot

Size: 0.25 Acres
Dimensions: 79x132x87x130

Details

Parcel number: 00496131012500
Zoning: IS - Improved Subivision District

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

CBS, Concrete, Stucco

Condition

New Construction
New construction: Yes
Year built: 2023

Community & HOA

Community

Features: Community Boat Ramp, Clubhouse, Beach
Security: No Security, Security System
Subdivision: Buccaneer Point (98.0)

HOA

Has HOA: No
Services included: None

Location

Region: Key Largo

Financial & listing details

Price per square foot: $682/sqft
Tax assessed value: $1,189,724
Annual tax amount: $9,257
Date on market: 5/14/2026
Listing terms: Cash,Conventional,FHA

Estimated market value

$1,603,200

$1.52M - $1.68M

$5,550/mo

Price history

Date	Event	Price
8/12/2026	Price change	$1,650,000-1.5%$682/sqft
Source: Key West AOR #619893 Report a problem
7/6/2026	Price change	$1,675,000-1.2%$692/sqft
Source: Key West AOR #619893 Report a problem
5/14/2026	Listed for sale	$1,695,000-2.6%$700/sqft
Source: Key West AOR #619893 Report a problem
5/6/2026	Listing removed	$1,740,000$719/sqft
Source: Key West AOR #611537 Report a problem
11/5/2025	Price change	$1,740,000-3%$719/sqft
Source: FLKMLS #611537 Report a problem
2/24/2025	Price change	$1,794,000-0.1%$741/sqft
Source: Key West AOR #611537 Report a problem
9/20/2024	Listed for sale	$1,795,000$741/sqft
Source: Key West AOR #611537 Report a problem
9/5/2024	Listing removed	$1,795,000$741/sqft
Source: FLKMLS #603734 Report a problem
1/8/2024	Listed for sale	$1,795,000-9.8%$741/sqft
Source: Key West AOR #603734 Report a problem
8/31/2023	Listing removed	--
Source: Key West AOR #603734 Report a problem
7/31/2023	Price change	$1,990,000-0.1%$822/sqft
Source: Key West AOR #603734 Report a problem
7/14/2023	Price change	$1,992,000-0.1%$823/sqft
Source: Key West AOR #603734 Report a problem
6/6/2023	Price change	$1,994,000-0.1%$824/sqft
Source: Key West AOR #603734 Report a problem
4/17/2023	Price change	$1,995,000-0.2%$824/sqft
Source: Key West AOR #603734 Report a problem
1/12/2023	Listed for sale	$1,998,000+613.6%$825/sqft
Source: Key West AOR #603734 Report a problem
11/6/2020	Sold	$280,000-6.7%$116/sqft
Source: FLKMLS #592352 Report a problem
9/2/2020	Listed for sale	$300,000-24.8%$124/sqft
Source: Coldwell Banker Schmitt Key Largo #592352 Report a problem
2/20/2016	Listing removed	$399,000$165/sqft
Source: Coldwell Banker Schmitt Key Largo #569887 Report a problem
2/5/2016	Listed for sale	$399,000-11.3%$165/sqft
Source: Coldwell Banker Schmitt Key Largo #569887 Report a problem
8/4/2015	Listing removed	$450,000$186/sqft
Source: Ocean Sotheby's International Realty #567225 Report a problem
5/1/2015	Listed for sale	$450,000+500%$186/sqft
Source: Ocean Sotheby's International Realty #567225 Report a problem
11/21/2012	Sold	$75,000+87.5%$31/sqft
Source: Public Record Report a problem
10/17/1994	Sold	$40,000$17/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$9,258 +12.7%	$957,741 +10%
2024	$8,211 +150.2%	$870,674 +219.9%
2023	$3,282 +36.2%	$272,186 +10%
2022	$2,411 +12.2%	$247,442 +10%
2021	$2,148 +45.3%	$224,947 +135.9%
2020	$1,479	$95,376 -53.5%
2019	$1,479 +2.3%	$205,015 +58.1%
2018	$1,445 +23%	$129,710
2017	$1,175 +2.8%	$129,710 +34.9%
2016	$1,143 +11%	$96,174 -15.1%
2015	$1,029	$113,234