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For sale
  • Price cut: $5K (9/30)
    $2,494,000

    515 Caribbean Dr, Key Largo, FL 33037

    5beds
    2,748sqft
    : 
    $15,750/mo
    Get pre-qualified
    Single Family Residence
    Built in 1993
    0.28 Acres Lot
    $-- Zestimate®
    $908/sqft
    $350/mo HOA

    What's special

    Direct open-ocean accessOutstanding boating infrastructureDeep wide canalsWaterfront propertySolid cbs home
    Waterfront Boater's Paradise in Premier Port Largo Welcome to 515 Caribbean Drive, an exceptional waterfront property in sought-after Port Largo, one of the Upper Keys' premier boating neighborhoods. This solid CBS home, built in 1993, offers 2,748 sq. ft. of living space, 5 bedrooms, 3 baths, serious boating infrastructure, and direct open-ocean access through deep, wide canals. The home features custom cabinetry in the kitchen and baths, a 2019 metal roof, and a 13,000-pound boat lift with functional davits. But the true showstopper is downstairs: an extraordinary 3,144-square-foot climate-controlled garage, offering rare and highly versatile space for boats, vehicles, water toys, equipment, storage, or a workshop. Set on a 12,500-square-foot lot with 100 feet of seawall, this property is designed for the ultimate Keys lifestyle. Deep, wide canals provide an exceptional launch point for boating, fishing, diving, and exploring the Florida Keys and beyond. The location is equally compelling--approximately one hour from Miami, steps from Key Largo Park and Jacobs Aquatic Center, and minutes from excellent restaurants, shopping, and everyday conveniences. For the serious boater or anyone seeking an exceptional waterfront lifestyle, 515 Caribbean Drive offers a rare combination of open-ocean access, substantial climate-controlled garage space, 100 feet of seawall, and outstanding boating infrastructure in one of the Upper Keys' most desirable neighborhoods. Seller financing available with 20% down, 6% interest rate, 5 year balloon!
    45 days
    497
    28

    Zillow last checked:

    Listing updated:

    Listed by:

    Philip Kravitz 305-783-7983,

    Coldwell Banker Schmitt Key Largo

    Source: FLKMLS,MLS#: 621052MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Has Heating (Unspecified Type)
      Cooling
      • Central Air, Ceiling Fans(s)
      Appliances
      • Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Disposal, Freezer, Stainless Steel Appliance(s)
      Features
      • Built-in Features
      • Flooring: Tile
      • Windows: Skylight(s)
      Interior area
      • Total structure area: 2,748
      • Total interior livable area: 2,748 sqft

      Property

      Parking
      • Parking features: Garage
      • Has garage: Yes
      Features
      • Patio & porch: Open Porch/Balcony
      • On waterfront: Yes
      Lot
      • Size: 0.28 Acres
      • Dimensions: 100 X 125
      Details
      • Parcel number: 00453475013100
      • Zoning: IS - Improved Subivision District

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • CBS
      Condition
      • Year built: 1993

      Community & HOA

      Community
      • Features: Community Boat Ramp
      • Security: No Security
      • Subdivision: Port Largo (100.0)
      HOA
      • Has HOA: No
      • Services included: Common Area Mnt
      • HOA fee: $350 monthly
      Location
      • Region: Key Largo

      Financial & listing details

      • Price per square foot: $908/sqft
      • Tax assessed value: $1,874,338
      • Annual tax amount: $7,892
      • Date on market: 8/21/2026
      • Listing terms: Seller Finance Psble,Cash,Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        9/30/2026Price change$2,494,000-0.2%$908/sqft
        Source: FLKMLS #621052 Report a problem
        9/3/2026Price change$2,499,000-8.8%$909/sqft
        Source: FLKMLS #621052 Report a problem
        8/21/2026Listed for sale$2,740,000+251.3%$997/sqft
        Source: FLKMLS #621052 Report a problem
        8/26/2013Sold$780,000-37.6%$284/sqft
        Source: Public Record Report a problem
        6/7/2011Listing removed$1,250,000$455/sqft
        Source: Coldwell Banker Schmitt #554962 Report a problem
        5/26/2011Listed for sale$1,250,000$455/sqft
        Source: Coldwell Banker Schmitt #554962 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,893 +4.8%$914,309 +2.9%
        2024$7,530 +3.3%$888,542 +3%
        2023$7,287 +6.2%$862,663 +3%
        2022$6,861 -2.1%$837,537 +3%
        2021$7,010 +0.6%$813,143 +1.4%
        2020$6,966 $801,917 +2.3%
        2019$6,966 +2%$783,888 +2.7%
        2018$6,831 +0.7%$763,384 +2.1%
        2017$6,783 +2.1%$747,683 +2.1%
        2016$6,641 -1.4%$732,305 +2.8%
        2015$6,735 $712,319
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 33037

        Getting around

        44 / 100
        Car-Dependent
        55 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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