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!
For sale
Price cut: $5K (9/30)
$2,494,000
515 Caribbean Dr, Key Largo, FL 33037
5beds
2,748sqft
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
- 45 days
- 497
- 28
Zillow last checked:
Listing updated:
Listed by:
Philip Kravitz 305-783-7983,
Coldwell Banker Schmitt Key Largo
Source: FLKMLS,MLS#: 621052
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
| Date | Event | Price |
|---|---|---|
| 9/30/2026 | Price change | $2,494,000-0.2%$908/sqft |
Source: | ||
| 9/3/2026 | Price change | $2,499,000-8.8%$909/sqft |
Source: | ||
| 8/21/2026 | Listed for sale | $2,740,000+251.3%$997/sqft |
Source: | ||
| 8/26/2013 | Sold | $780,000-37.6%$284/sqft |
Source: Public Record Report a problem | ||
| 6/7/2011 | Listing removed | $1,250,000$455/sqft |
Source: Coldwell Banker Schmitt #554962 Report a problem | ||
| 5/26/2011 | Listed for sale | $1,250,000$455/sqft |
Source: Coldwell Banker Schmitt #554962 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
Est. payment






