About This Home

This 5-bedroom, 3-bathroom single family at 515 Caribbean Drive in Key Largo, FL is listed for $2,499,000 ($909 per sqft). Built in 1993, the home offers 2,748 sqft of living space on a 0.28 acres lot.

Key Features

  • Built in 1993
  • 0.28 acre lot
  • Waterfront

Property Details

3 full
1993

Amenities

WaterfrontA/C
Listing 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.

Monthly Cost Estimate

$13,715/mo

20% down · 6.5% · 30 years

Principal$1,807
Interest$10,829
Insurance$729
HOA$350

Estimates only. Actual payments may vary.

Location

515 Caribbean Drive

Key Largo, FL 33037

Port Largo (100.0)

Features & Amenities

Interior Features

Built-in CabinetsSky Light(s)

Property Details

Flooring

Tile

Construction

CBS

Outdoor Features

Porch

Heating

Central

Cooling

Central Air

Appliances

WasherDryerDishwasherRefrigeratorRangeOvenMicrowaveDisposalFreezerStainless Steel Appliance(s)

Questions & Answers

This 5-bedroom, 3-bathroom single family at 515 Caribbean Drive is listed at $2,499,000 ($909/sqft). The estimated monthly payment is $13,715 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $350/month.

Key features include: Built in 1993, 0.28 acre lot, Waterfront. Interior Features: Built-in Cabinets, Sky Light(s).

This property is listed by Philip Kravitz and can be reached at 3057837983.

PK

Philip Kravitz

License 3376345

Agent at Coldwell Banker Schmitt Key Largo

(305) 783-7983
Agent website

Listed by Coldwell Banker Schmitt Key Largo · Broker phone: (305) 451-4422 · View on Broker Site · Broker website

MLS# 621052· Source: Florida Keys Board of REALTORS®· 35 days on PropertySimple

Copyright © 2026 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

515 Caribbean Drive, Key Largo, FL 33037

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