515 Caribbean Drive, Key Largo, FL 33037

$2,494,000
Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 2,748 Lot Size (sq. ft.): 12,500 Status: Active
Current Price: $2,494,000 List Date: 8/21/2026 Last Modified: 10/11/2026

Description

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!

Open Houses

Saturday, October 17, 11:00 am - 2:00 pm

More Information MLS# 621052

Contract Information

Current Price: $2,494,000 Listing Date: 2026-08-21 Listing Board: Florida Keys List Price: $2,494,000 As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: No

Location Tax Legal

Street #: 515 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 Style: Single Family Waterfront: Yes Control Depth: 5 Pool: No Year Built: 1993 Lot Size: 100 X 125 Lot SqFt: 12500 Acres: 0.28 Living Apx SqFt: 2748 SqFt Source: Property Data Card Total Bedrooms: 5 Full Baths: 3 Total Baths: 3 Rentals Allowed: With Restrictions Min Rental Days: 28

Status Change Info

Status: Active

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No Association Fee $: 350

Dockage

Dock Length: 100 Dock: Concrete

Building Style

Above Flood: Yes Stories: 2 Stories

Vehicle Storage

Car(s): 4+

Financial Status

Auction: No Bank Owned: No Potential Short Sale: No Standard Sale: Yes

Property Features

Fee Includes: Common Area Mnt Tax Exemptions: Homestead Waterfront: Canal Front Waterview: Canal View Dockage: Boat Lift; Boat Ramp; Davits Vehicle Storage: Garage Furnished: Negotiable Cooling: Ceiling Fans(s); Central Air Heating: Central Utilities: FKAA; Municipal Sewer Interior Features: Built-in Cabinets; Sky Light(s) Appliances: Dishwasher; Disposal; Dryer; Freezer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Construction: CBS Shutters: Panel Floor: Tile Roof: Metal Roof Pets: Pets Allowed Neighborhood Feature: Community Boat Ramp; Community Pool; Tennis Courts Security: No Security Land Size: 1/4 - 1/2 Acre Terms: Cash; Conventional; Seller Finance Psble
Listing Office: Coldwell Banker Schmitt Key Largo
Last Updated: October - 11 - 2026
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