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Sold for $3,400,000
  • $3,400,000

    505 Caribbean Dr, Key Largo, FL 33037

    4beds
    4,204sqft
    Single Family Residence
    Built in 2001
    0.28 Acres Lot
    $3,445,100 Zestimate®
    $809/sqft
    $6,594 Estimated rent

    Home value

    $3,445,100

    $3.00M - $3.96M

    $6,594/mo

    Zestimate® history
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    What's special

    Resort-style poolPrivate balconyQuality finishesGranite countertopsCovered parkingLush tropical landscapingTranquil water views
    'Every day feels like vacation at this Key Largo waterfront haven—where sunsets glow over the canal and the Keys lifestyle begins at your own dock.' A Waterfront Masterpiece — 166 feet of pristine canal frontage, resort-style pool, and a massive owner's suite define this one-of-a-kind residence. Beautiful and spacious 3-story waterfront residence offering an impressive 166 feet of canal frontage with direct access to the ocean. Designed for comfort and entertaining, this home blends elegant interiors with resort-style outdoor living. Inside, the main living area boasts soaring ceilings, natural light, and balconies that frame tranquil water views from every room. The open kitchen features custom wood cabinetry, stainless steel appliances, granite countertops, and an expansive breakfast bar that flows into the great room and dining space. Elegant marble, stone flooring and quality finishes throughout. The massive owner's suite is a true retreat, complete with a spa-inspired bath, private balcony, and plenty of room to unwind. Three additional bedrooms and two bathrooms ensure comfort and privacy for family and friends. Outdoors, enjoy resort-style amenities including a sparkling pool with spa, expansive sun decks, and a covered entertaining patio perfect for lounging, dining, and enjoying Keys breezes. The property is surrounded by lush tropical landscaping, providing privacy and a true island feel. Boaters will appreciate the concrete dockage along the wide canal, offering unmatched convenience and room for multiple vessels. Private gated entry with covered parking and storage. Outdoor living with pool, spa, and multiple lounging areas Just one hour from Miami, this home is the perfect blend of luxury, privacy, and world-class boating access. The perfect holiday getaway home or full time residence. Seller Financing Possible.

    Zillow last checked:

    Listing updated:

    Listed by:

    Terry Canto,Top Producer 305-394-3037,

    American Caribbean Real Estate, Christie's International Real Estate

    Bought with:

    Terry Canto,Top Producer, 626852

    American Caribbean Real Estate, Christie's International Real Estate

    Source: FLKMLS,MLS#: 616251MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Has Heating (Unspecified Type)
    Cooling
    • Central Air, Ceiling Fans(s)
    Appliances
    • Included: Washer, Dryer, Dishwasher, Refrigerator, Oven, Microwave, Wine Cooler, Stainless Steel Appliance(s)
    Features
    • Granite Counters, Lobby, Storage, Walk-in Closet(s), Quartz Countertops
    • Flooring: Tile
    Interior area
    • Total structure area: 4,204
    • Total interior livable area: 4,204 sqft

    Property

    Parking
    • Parking features: Storage
    Features
    • Patio & porch: Open Porch/Balcony, Deck, Roof Top Deck, Widow's Walk, Patio, Lanai
    • Exterior features: Built-in Barbecue, Chickee Hut, Rain Gutters, Lighting, Outdoor Shower, Storage
    • Has private pool: Yes
    • Pool features: In Ground, Concrete, Decked
    • Fencing: Fenced,Privacy
    • On waterfront: Yes
    Lot
    • Size: 0.28 Acres
    Details
    • Additional structures: Gazebo
    • Parcel number: 00453475012100
    • Zoning: IS - Improved Subivision District
    • Other equipment: Irrigation Equipment

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • CBS, Concrete, Stucco
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 2001

    Community & HOA

    Community
    • Features: Community Boat Ramp
    • Security: Security Gate
    • Subdivision: Port Largo (100.0)
    HOA
    • Has HOA: No
    • Services included: None
    • HOA fee: $375 monthly
    Location
    • Region: Key Largo

    Financial & listing details

    • Price per square foot: $809/sqft
    • Tax assessed value: $2,475,120
    • Annual tax amount: $18,984
    • Date on market: 8/24/2025
    • Listing terms: Seller Finance Psble,Cash,Conventional

    Price history

    DateEventPrice
    12/19/2025Sold$3,400,000-10.3%$809/sqft
    Source: FLKMLS #616251 Report a problem
    12/18/2025Pending sale$3,790,000$902/sqft
    Source: FLKMLS #616251 Report a problem
    11/28/2025Contingent$3,790,000$902/sqft
    Source: Key West AOR #616251 Report a problem
    10/30/2025Price change$3,790,000-5.1%$902/sqft
    Source: Key West AOR #616251 Report a problem
    8/24/2025Listed for sale$3,995,000+1311.7%$950/sqft
    Source: Key West AOR #616251 Report a problem
    3/16/2000Sold$283,000$67/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$19,776 +9.1%$2,277,969 +10%
    2024$18,126 +4.7%$2,070,881 +10%
    2023$17,320 +12.5%$1,882,619 +10%
    2022$15,394 +15.2%$1,711,472 +10%
    2021$13,360 -2.8%$1,555,884 -2.3%
    2020$13,745 $1,592,007 -0.8%
    2019$13,745 +0.7%$1,604,818 -0.4%
    2018$13,655 +3.2%$1,611,926 +25%
    2017$13,236 +15.2%$1,289,041 +4.3%
    2016$11,490 +0.4%$1,236,080 +8.2%
    2015$11,440 $1,142,343
    Find assessor info on the county website

    Neighborhood: 33037

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $3,445,100
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $3,445,100