505 Caribbean Drive, Key Largo, FL 33037

$3,790,000
Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 4,204 Lot Size (sq. ft.): 12,196 Status: Contingent
Current Price: $3,790,000 List Date: 8/24/2025 Last Modified: 11/28/2025

Description

'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.

More Information MLS# 616251

Contract Information

Listing Board: Florida Keys As is Rght to Inspct: Yes Current Price: $3,790,000 Listing Date: 2025-08-24 List Price: $3,790,000

Location, Tax & Legal

City: KEY LARGO Mile Marker: 100 Marathon Neighborhood: N/A Side: Ocean Flood Zone: AE,AE Alternate Key #: 1556301 Parcel #: 00453475-012100 Zoning: IS - Improved Subivision District Deed Restrictions: Unknown Legal: LOT 505 PORT LARGO FIFTH ADDITION KEY LARGO PB6-109 LOT 505 OR796-2450 OR802-1798 OR823-1705 OR963-2142 OR1082-1539 OR1 Taxes: 18984.7 Tax Year: 2025 Pub Sewer HkUp: Yes Street #: 505 Street Name: Caribbean Street Suffix: Drive Key/Island: Key Largo State/Province: FL Zip Code: 33037 County: Monroe Subdivision: Port Largo (100.0) Area: 27 - Key Largo MM 97-107

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: Yes Control Depth: 6 Lot SqFt: 12196 Pool: Yes Lot Sqft Source: Property Data Card Total Units: 0 Acres: 0.28 SqFt Source: Tax Records Rentals Allowed: Yes Min Rental Days: 28 Style: Single Family Year Built: 2001 Living Apx SqFt: 4204 Total Bedrooms: 4 Full Baths: 3 Total Baths: 3

Remarks & Misc

Remarks – Consumer: '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. Directions: Turn East on Atlantic Blvd (at the light) or Laguna Ave. Then left at Caribbean (stop sign) Drive to the end of Caribbean. House on the cul-de-sac on the right.

Association Info

Mandatory Home Owners Asc: No Voluntary Home Owners Asc: Yes 1st Right of Refusal: No Association Fee $: 375

Fee Includes

None: 1

Dockage

Dock Length: 115 Dock: Concrete Davits: 1

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Dryer: 1 Microwave: 1 Oven: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1 Washer: 1 Wine Cooler: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1

Heating

Central: 1

Waterfront

Canal Front: 1

Waterview

Canal View: 1 Harbor/Marina View: 1

Floor

Tile: 1

Neighborhood Feature

Community Boat Ramp: 1

Interior Features

Cathedral Ceilings: 1 Drapes/Blinds Incl: 1 Entrance Foyer: 1 Granite Counter Top: 1 Lobby: 1 Pantry: 1 Quartz Countertops: 1 Split Bedroom: 1 Storage: 1 Walk-in Closet(s): 1

Property Condition

Updated/Remodeled: 1

Specialty Rooms

Workshop: 1

Building Style

Above Flood: Yes Stories: 3 Stories

Windows/Doors

Impact Rstnce Doors: 1 Impact Rstnce Window: 1

Vehicle Storage

Car(s): 4+ Carport: 1 Covered Parking: 1 Trailer Storage: 1

Security

Electric Gate: 1

Construction

CBS: 1 Concrete: 1 Stucco: 1

Land Size

1/4 - 1/2 Acre: 1

Furnished

Negotiable: 1

Terms

Cash: 1 Conventional: 1 Seller Finance Psble: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Porch/Balcony

Deck: 1 Open Porch/Balcony: 1 Patio: 1 Roof Top Deck: 1 Widow's Walk: 1

Title

Title Ins - Buyer: 1

Exterior Features

Built-in Grill: 1 Chickee Hut: 1 Fencing: 1 Gazebo: 1 Lanai: 1 Lighting: 1 Outdoor Shower: 1 Privacy Wall/Fence: 1 Rain Gutters: 1 Sprinkler System: 1 Storage: 1

Pool Info

In Ground: 1 Concrete: 1 Decked: 1

Roof

Concrete Roof: 1 Metal Roof: 1

Status Change Info

Contingent: Contingent Status: Contingent

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: Canal Front Waterview: Canal View; Harbor/Marina View Dockage: Davits Property Condition: Updated/Remodeled Vehicle Storage: Carport; Covered Parking; Trailer Storage Furnished: Negotiable Cooling: Ceiling Fans(s); Central Air Heating: Central Utilities: FKAA; Municipal Sewer Interior Features: Cathedral Ceilings; Drapes/Blinds Incl; Entrance Foyer; Granite Counter Top; Lobby; Pantry; Quartz Countertops; Split Bedroom; Storage; Walk-in Closet(s) Specialty Rooms: Workshop Appliances: Dishwasher; Dryer; Microwave; Oven; Refrigerator; Stainless Steel Appliance(s); Washer; Wine Cooler Exterior Features: Built-in Grill; Chickee Hut; Fencing; Gazebo; Lanai; Lighting; Outdoor Shower; Privacy Wall/Fence; Rain Gutters; Sprinkler System; Storage Pool Info: In Ground; Concrete; Decked Construction: CBS; Concrete; Stucco Floor: Tile Roof: Concrete Roof; Metal Roof Pets: Pets Allowed Neighborhood Feature: Community Boat Ramp Security: Electric Gate Land Size: 1/4 - 1/2 Acre Terms: Cash; Conventional; Seller Finance Psble Title: Title Ins - Buyer
Listing Office: American Caribbean Real Estate, Christie's International Real Estate
Last Updated: November - 28 - 2025
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