NOT LISTED FOR SALE

503 Caribbean Dr Unit A Key Largo, FL 33037

Estimated Value: $957,000 - $1,497,000

3 Beds
2.5 Baths
1,678 Sq Ft
$735/Sq Ft Est. Value

Last Sold February 27, 2023

Last sale price $1,000,000 $596 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $7,277/month

107 Days on Market

Highlights

  • Ocean View
  • Boat Ramp
  • Dock made with concrete
  • Coral Shores High School Rated A
  • Beach
  • 1-minute walk to Schwingggg

About This Home

As of February 2023

If you want to live in Port Largo on the water for well under $2 million, here's your chance. Four lots from the main canal with tremendous views of Molasses Reef from the top deck. 80' wide canal with 6' of draft to the ocean. In addition to 1650 sq ft of living space it has a 400' storage room and carport for two cars. Four decks and four sliding glass doors provide lots of light and access to beautiful Keys sunrises and sunsets. New A/C and hot water heater. This is a half duplex - not a condominium or townhouse. 37' concrete seawall and dock with boat davits. Members of voluntary HOA have access to the oceanfront boat ramp and neighborhood park with beach. Single owner for 32 years. Home ready for a new beginning. Make it yours!

Last Agent to Sell the Property

Jim Signor

LoKation Real Estate License #525352 Listed on: 10/01/2022

LoKation Real Estate

Last Buyer's Agent

Shelby Morris

American Caribbean Real Estate, Christie's International Real Estate License #3450732

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,782

Year Built

  • Built in 1988

Lot Details

  • 4,629 Sq Ft Lot
  • Home fronts a canal

HOA Fees

  • $29 Monthly HOA Fees

Parking

  • Carport

Property Views

  • Ocean
  • Canal

Home Design

  • Half Duplex
  • Concrete Roof

Interior Spaces

  • 1,678 Sq Ft Home
  • Partially Furnished
  • Shutters
  • Workshop
  • Tile Flooring

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Davits
  • Seawall
  • Dock made with concrete
  • Balcony
  • Outdoor Storage

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Assessor Parcel Number 00453475-011901

Community Details

Overview

  • Association fees include common area mnt
  • Port Largo Subdivision
  • Rental Restrictions

Recreation

  • Boat Ramp
  • Beach

Pet Policy

  • Pets Allowed

Security

  • Complete Accordion Shutters

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,782

Year Built

Built in 1988

Lot Details

0

HOA Fees

$29 per month

Listing Details

  • Property Type: Residential
  • Style: Half Duplex
  • First Right of Refusal: No
  • Association Fee: 350.00
  • Mandatory HOA: No
  • Voluntary HOA: Yes
  • Control Depth: 5
  • Dockage Dock: Concrete
  • Dockage Dock Length: 37
  • Dockage Seawall: Concrete
  • Fee Includes: Common Area Mnt, Other
  • Key Island: Key Largo
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 100.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Boat Ramp, Beach
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 2781.54
  • Title: Negotiable
  • Vehicle Storage: Carport, Covered Parking
  • Year Built: 1988
  • Alternate Key Number: 8776705
  • Cooling Heating: Central Air
  • Lot Sq Ft: 4629.00
  • Porch Balcony: Open Porch/Balcony, Roof Top Deck
  • Association Maintenance Fee Per: Yearly
  • Shutters: Accordion, Panel
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1678.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Appliances: Washer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Half Bathrooms: 1
  • Specialty Rooms: Workshop
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Davits
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Storage
  • Roof: Concrete Roof
  • Waterview: Ocean View, Canal View
  • Pool: No

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00453475-011901
  • Lot Size: 37 x 125
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.11

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Partially, Negotiable

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2022
Closed on
Feb 27, 2023
Sold by
Oneil Richard J and Oneil Anne L
Bought by
Trochalakis Michel George and Trochalakis Michelle Louise
Seller's Agent
Jim Signor
LoKation Real Estate
Buyer's Agent
Shelby Morris
American Caribbean Real Estate, Christie's International Real Estate
List Price
$1,200,000
Sold Price
$1,000,000
Premium/Discount to List
-$200,000
-16.67%
Views
9
Current Estimated Value
$1,233,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$233,995
Avg. Annual Appreciation
8.36%
Original Mortgage
$800,000
Outstanding Balance
$775,774
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$458,221

Purchase Details

Closed on
Aug 1, 1990
Bought by
Oneil Richard J and Oneil Anne L
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Trochalakis Michel George $1,000,000 Coral Reef Title
Trochalakis Michel George $1,000,000 Coral Reef Title
Oneil Richard J $245,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trochalakis Michel George $800,000
Closed Trochalakis Michel George $800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2023 02/27/23 Sold $1,000,000 -9.1% $596 / Sq Ft
01/02/2023 01/02/23 Price Changed $1,100,000 -8.3% $656 / Sq Ft
10/01/2022 10/01/22 For Sale $1,200,000 -- $715 / Sq Ft
Source: Florida Keys Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,468 $875,605 $567,053 $308,552
2023 $8,468 $970,654 $572,723 $397,931
2022 $2,753 $300,746 $0 $0
2021 $2,782 $291,987 $0 $0
2020 $2,767 $287,956 $0 $0
2019 $2,720 $281,482 $0 $0
2018 $2,714 $276,234 $0 $0
2017 $2,660 $270,553 $0 $0
2016 $2,691 $264,989 $0 $0
2015 $2,731 $263,147 $0 $0
2014 $2,788 $261,059 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Signor

    Seller's Agent in 2023

    Jim Signor

    LoKation Real Estate

    (305) 394-4449

    50 in this area

    72 Total Sales

    Jim Signor
    Section Image
  • Shelby Morris

    Buyer's Agent in 2023

    Shelby Morris

    American Caribbean Real Estate, Christie's International Real Estate

    (305) 393-3686

    56 in this area

    101 Total Sales

    Shelby Morris
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 602645

Florida Keys Board of REALTORS®

APN: 00453475-011901

Florida Monroe County Key Largo 33037

503 Caribbean Dr Unit A, Key Largo, FL

This home is located at 503 Caribbean Dr Unit A, Key Largo, FL 33037 since 01 October 2022 and is currently estimated at $1,233,995, approximately $735 per square foot. This property was built in 1988. 503 Caribbean Dr Unit A is a home located in Monroe County with nearby schools including Key Largo School, Coral Shores High School, and Dolphin Montessori Children's House.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Keys Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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