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$3,400,000
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Property Description
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 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 stone flooring and quality finishes throughout. Seller Financing Possible to right buyer.
Full Property Details
Full Property Details for 505 Caribbean Dr
General
- Sold For: $3,400,000
- Taxes: $18,126 (2024)
- Status: Closed
- Type: Single Family
- Source: Greater_Miami
- MLS ID: A11865914
- Added to Site: 144 day(s) ago
Interior
- Interior Features: First Floor Entry, Great Room
- Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
- Furnishings: Furnished, Furniture Negotiable
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
- Bedroom Features: Primary Bath Shower, Primary Bath Tub, Primary Bedroom Upstairs, Sitting Area - Primary Bedroom
Other Rooms
- Living Room: Great Room Sq. Ft.
Additional Information
- Shared Pool: Yes
- Pool: Yes
- Pool Description: In Ground, Concrete, Heated
- Spa: Yes
Exterior
- Exterior Features: Built-In Grill, Open Balcony
- Deck/Patio: Deck, Open Balcony, Open Porch
Parking
- Carports: Yes
- Carport Spaces: 4
- Covered Spaces: 4
- Parking Features: Attached Carport, Covered, Driveway, Other, Paver Block
Location
- Area: Port Largo 5th Add
- County: Monroe County
- Subdivision: PORT LARGO 5TH ADD
- Building Name: PORT LARGO 5TH ADD
- Direction Faces: North
Community
- Community Name: Port Largo 5th Add
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fan(s), Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Municipal Water
Structural Information
- Architectural Style: Detached, Three Or More Stories, Modern/Contemporary
- Structure Type: House
- Detached/Attached: Detached
- Construction: Concrete Block Construction
- Roof: Metal Roof
- Windows: Complete Impact Glass
- Doors: High Impact Doors
- Building Size: 8112
- Square Feet: 4,204
- Living Area: 4,204 Sq. Ft.
- Year Built: 2001
Lot Features
- Property View: Canal
- Lot Size (Sq. Ft.): 12,196
- Frontage Feet: 166
- Lot Features: 1/4 To Less Than 1/2 Acre Lot
- Potential Use: Secondary
- Zoning: is
- Fencing (Description): Fenced
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Ocean Access, Canal Front, Canal Width 1-80 Feet
Financial Considerations
- Price Per Sq. Ft.: $808.75
- Tax Amount: $18,126
- Tax Year: 2024
- Terms: All Cash, Conventional, Owner Will Carry
Disclosures and Reports
- Legal Description: LOT 505 PORT LARGO FIFTH ADDITION KEY LARGO PB6-109 LOT 505 OR796-2450 OR802-1798 OR823-1705 OR963-2142 OR1082-1539 OR1402-1675 OR1622-2319
- Restrictions: Ok To Lease With Res
- Inclusions: Community Boat Ramp, Boat Hoists/Davits, Private Dock, Community Ramp, Dock Owned/Included, Over 101 Ft Boat, Private Dock, Up to 100 Ft Boat, Water Available
- Property ID: 00453475-012100
Listed and Sold by American Caribbean Real Estate
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Schools
Schools serving 505 Caribbean Dr
School District:Monroe County School District, Middle Torch Key, FL
| Name | Grades | Distance |
|---|---|---|
Key Largo School 104801 Overseas Highway, Key Largo, FL 33037 | PK-8 | 4.8 mi |
Key West High School 2100 Flagler Avenue, Key West, FL 33040 | 9-12 | 92.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 505 Caribbean Dr
Date
Details
Price
Change
Source
12/19/2025
Sold
$3,400,000
-10.29%
MLS
10/30/2025
Price Reduced
$3,790,000
-5.13%
MLS
8/26/2025
Listed
$3,995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
505 Caribbean Dr, Key Largo, FL 33037 (MLS# A11865914) is a Single Family property that was sold at $3,400,000 on December 19, 2025. Want to learn more about 505 Caribbean Dr? 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.

