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$3,500,000

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 3 Full Baths
  • 1 Partial Bath
  • 3,008 Sq. Ft.
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Port Largo Waterfront Paradise Located in one of Key Largo's most desirable neighborhoods, this canal front 4-bedroom, 3.5-bath pool home is truly a boater's dream. Whether you're bringing the whole family or your fishing crew, there's room here for everyone--and all the gear that goes along with all the water sports! Inside, the home welcomes you with light-filled living spaces, stunning marble floors, recessed ceilings with crown molding, and an open floor plan that flows seamlessly to the outdoors. The kitchen is designed for both style and function, with crisp white coastal cabinetry, granite countertops, stainless appliances, and a spacious breakfast bar. A large utility room with washer/dryer makes Keys living easy. The bedrooms are generously sized with ample storage, including king beds, queen beds, and twin bed setups to accommodate all guests comfortably. Step outside and discover a private backyard retreat: a heated/chilled pool recently refinished ($25,000 upgrade), surrounded by lush, low-maintenance tropical landscaping (recent $27,000 investment). After a day on the water, unwind poolside, host a barbecue, or watch the kids play--there's plenty of space for everyone. Roof Replaced March 2026 ! For boaters, this property checks every box: 75 feet of dockage with a 25,000 lb. lift (currently holding a 39' Seavee), 50-amp shore power, and a custom built fish-cleaning station. Finally secure all the toys and equipment in a very spacious lower-level storage area with canal-side garage door. It's perfect for all your rods, dive tanks, and water toys.

Full Property Details for 501 Caribbean Dr

General

  • Price: $3,500,000
  • HOA FEE: $25/month
  • HOA FEE FREQ.: Yearly
  • Taxes: $13,472 (2024)
  • Status: Active
  • Type: Single Family
  • Source: 927
  • MLS ID: 616173
  • Updated: 5/13/2026
  • Added to Site: 298 day(s) ago

Interior

  • Interior Features: Utility Room, Walk-in Closet(s), Built-in Cabinets, Drapes/Blinds Incl, Granite Counter Top, Smoke Alarms, Storage, Tray Ceilings, Window Treatments
  • Appliances: Stainless Steel Appliance(s), Dishwasher, Disposal, Dryer, Freezer, Ice Machine, Microwave, Oven, Range, Refrigerator, Washer
  • Flooring: Carpet, Marble

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: Laundry Room

Additional Information

  • Pool: Yes
  • Pool Description: Concrete, Heated, In Ground

Exterior

  • Exterior Features: Fencing, Fruit Tree(s), Sprinkler System, Storage
  • Deck/Patio: Open Porch/Balcony, Patio
  • Porch/Patio/Deck: Open Porch/Balcony, Patio

Parking

  • Parking Features: Off Street, Covered, Carport

Location

  • Area: 27 - Key Largo MM 97-107
  • County: Monroe
  • Subdivision: Port Largo (100.0)
  • Driving Directions: US1 to Laguna or Atlantic . Left on Caribbean Drive follow past Sharkeys. House down on right.

Community

  • Assoc. Fees Include: Other
  • Pets Allowed: Yes

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fans(s)
  • Heating Type: Central

Structural Information

  • Architectural Style: Above Flood
  • Construction Status: Updated/Remodeled
  • Construction: CBS
  • Roof: Metal
  • Windows/Doors: Impact Rstnce Doors, Impact Rstnce Window
  • Square Feet: 3,008
  • Sq. Ft. Source: Tax Records
  • Year Built: 2006
  • Property Condition: Updated/Remodeled

Unit Information

  • Units in Building: 1

Lot Features

  • Property View: Canal
  • Lot Size (Acres): 0.22
  • Lot Size (Sq. Ft.): 9,375
  • Lot Size Source: Tax Records
  • Zoning: IS - Improved Subivision District

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Canal Front

Financial Considerations

  • Association Fee: Yes
  • Association Fee: $300
  • Assoc Fee Freq.: Yearly
  • Tax Amount: $13,472.13
  • Tax Year: 2024
  • Terms: Cash, Conventional, VA Loan

Disclosures and Reports

  • Legal Description: LT 501 PORT LARGO FIFTH ADDITION KEY LARGO PB6-109 OR796-2450 OR802-1569 OR802-1610 OR2505-1111/12
  • Flood Zone: AE
  • APN: 00453475-011700

Listed by Realty ONE Group Destination (ISL), Krissy Carnahan (305) 522-0280

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Listing agent

— 501 Caribbean Dr —

  • Krissy Carnahan

    Realty ONE Group Destination (ISL)

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 501 Caribbean Dr

School District:Monroe County School District, Middle Torch Key, FL
NameGradesDistance
Key Largo School
104801 Overseas Highway, Key Largo, FL 33037
PK-84.9 mi
Key West High School
2100 Flagler Avenue, Key West, FL 33040
9-1292.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 501 Caribbean Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/18/2025
Listed
$3,500,000
191.67%
MLS
2/07/2011
Sold
$1,200,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 501 Caribbean Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,472
—
$1,906,119
4%
2024
$13,472
6%
$1,835,191
1%
2023
$12,746
32%
$1,814,438
65%
2021
$9,684
-14%
$1,102,866
-32%
2022
$11,256
16%
$1,622,224
44%
2021
$9,684
-5%
$1,129,606
-2%
2019
$10,203
7%
$1,155,656
10%
2018
$9,516
6%
$1,050,596
7%
2017
$8,936
—
$982,944
4%
2016
$8,953
6%
$948,699
9%
2015
$8,422
4%
$870,889
7%
2014
$8,109
4%
$810,217
7%
2013
$7,823
—
$758,289
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 501 Caribbean Dr

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Realty ONE Group Destination (ISL), Krissy Carnahan (305) 522-0280

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501 Caribbean Drive, Key Largo, FL 33037 (MLS# 616173) is a Single Family property with 4 bedrooms, 3 full bathrooms and 1 partial bathroom. 501 Caribbean Drive is currently listed for $3,500,000 and was received on August 15, 2025. Want to learn more about 501 Caribbean Drive? Do you have questions about finding other Single Family real estate for sale in Key Largo? You can browse all Key Largo real estate or contact a Coldwell Banker agent to request more information.

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