NOT LISTED FOR SALE

503 Caribbean Dr Key Largo, FL 33037

Estimated Value: $1,140,443 - $2,348,000

3 Beds
2.5 Baths
1,678 Sq Ft
$928/Sq Ft Est. Value

Last Sold February 27, 2023

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

Est. 56% increase in value since last sale

Current estimated payment $8,705/month

144 Days on Market

Highlights

  • Private Dock
  • Home fronts a canal
  • Porch
  • Coral Shores High School Rated A
  • Deck
  • 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

MMLS Assoc.-Inactive Member License #0525352 Listed on: 10/05/2022

MMLS Assoc.-Inactive Member

Last Buyer's Agent

Salesperson Non Member

Non-MLS Member License #SEF

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,782

Year Built

  • Built in 1988

Lot Details

  • 4,629 Sq Ft Lot
  • 37 Ft Wide Lot
  • Home fronts a canal
  • North Facing Home
  • Property is zoned is

Parking

  • 2 Carport Spaces

Home Design

  • Concrete Roof

Interior Spaces

  • 1,678 Sq Ft Home
  • Storage Room
  • Tile Flooring
  • Canal Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Private Dock
  • Deck
  • Porch

Utilities

  • Central Heating and Cooling System

Community Details

  • Property has a Home Owners Association
  • Club Membership Available
  • Port Largo 5Th Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00453475-011901

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,782

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1988
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Half Duplex
  • Garage Yn: No
  • Horses: No
  • Inclusions: Private Dock
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: House
  • Subdivision Name: PORT LARGO 5TH ADD
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Second Floor Entry, Storage
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 1678
  • Possible Use: Unknown/Withheld
  • Bedroom Features: Primary Bedroom Upstairs
  • Living Room Features: Storage Room

Exterior Features

  • Roof: Concrete
  • View: Canal
  • Direction Faces: North
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Deck, Open Porch
  • Pool Private: No
  • View: Yes
  • Waterfront Features: WF/Ocean Access, Canal Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: PORT LARGO 5TH ADD
  • Carport Spaces: 2
  • Covered Parking Spaces: 2
  • Parking Features: Covered

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: Yes
  • Community Features: Other Membership Available

Association/Amenities

  • MIAMIRE_TypeofAssociation: Voluntary

Lot Info

  • Parcel Number: 00453475-011901
  • Lot Size Sq Ft: 4629
  • Zoning: is
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 2782

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 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
MMLS Assoc.-Inactive Member
Buyer's Agent
Salesperson Non Member
Non-MLS Member
List Price
$1,200,000
Sold Price
$1,000,000
Premium/Discount to List
-$200,000
-16.67%
Views
27
Current Estimated Value
$1,556,611

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$556,611
Avg. Annual Appreciation
16.55%
Original Mortgage
$800,000
Outstanding Balance
$773,135
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$783,476

Purchase Details

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
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
10/05/2022 10/05/22 For Sale $1,200,000 -- $715 / Sq Ft
Source: MIAMI REALTORS® MLS

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
2025 $7,751 $983,989 $601,770 $382,219
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

  • J

    Seller's Agent in 2023

    Jim Signor

    MMLS Assoc.-Inactive Member

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11284482

MIAMI REALTORS® MLS

APN: 00453475-011901

Florida Monroe County Key Largo 33037

503 Caribbean Dr, Key Largo, FL

Not Listed for Sale

Detached

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