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$3,400,000
505 Caribbean Drive
Key Largo, FL 33037
MLS# 616251
Status: Closed
4 beds  |  3 baths  |  4204 sqft


Across from ocean front homes in Ocean Cay
  1 / 56  
Across from ocean front homes in Ocean Cay 166 ft of waterfrontage Gate and Lushly Landscaped ENtry 505 Caribbean Dr View from 2nd level Pool & Spa Canal view Cooking area with BBQ and Built in Sink Beautiful water views High Ceilings Grand Living Lving Area Lving Area View from Primary Lving Area Dining & Kitchen Kitchen Kitchen Kitchen - Wetbar Dining ARae Guest Bedroom 1 Guest Bedroom 1 Guest Bedroom 1 Guest Bath 1 Guest Bedroom 2 Guest Bedroom 2 Guest Bedroom 2 Guest Bath 2 Guest Bedroom 3 Guest Bedroom 3 Guest Bedroom 3 3rd Level View from 3rd level Primary Suite Primary Suite Primary Suite sitting area Primary Suite Primary Suite Bathroom Primary Suite Bathroom Primary Suite Bathroom Waterfront Terrace View from 2nd level Roof Top deck Back Yard View from Roof Top deck Pool Area Pool & Spa Covered Patio Covered Patio Foyer Entrance Storage area/work shop 80 ft Wide Canal Great Boating Access Deep Canal Pool & Spa 166 Ft of a Waterfrontage

Property 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.

Details
Maps
Contract Information
Current Price: $3,400,000
Listing Date: 2025-08-24
Listing Board: Florida Keys
Leased Price Monthly: $3,400,000
As is Rght to Inspct: Yes
Location, Tax & Legal
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
Style: Single Family
Waterfront: Yes
Control Depth: 6
Pool: Yes
Year Built: 2001
Lot SqFt: 12196
Lot Sqft Source: Property Data Card
Acres: 0.28
Living Apx SqFt: 4204
SqFt Source: Tax Records
Total Bedrooms: 4
Full Baths: 3
Total Baths: 3
Rentals Allowed: Yes
Min Rental Days: 28
Association Info
Mandatory Home Owners Asc: No
Voluntary Home Owners Asc: Yes
1st Right of Refusal: No
Association Fee $: 375
Dockage
Dock Length: 115
Dock: Concrete
Building Style
Above Flood: Yes
# Stories: 3 Stories
Vehicle Storage
Car(s): 4+
Status Change Info
Under Contract Date: 2025-11-15
Leased Date: 2025-12-19
Leased Price Monthly: $3,400,000
Status: Closed
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: December - 19 - 2025

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.