NOT LISTED FOR SALE

508 Caribbean Blvd Key Largo, FL 33037

Estimated Value: $2,538,000 - $3,088,000

4 Beds
3.5 Baths
3,479 Sq Ft
$816/Sq Ft Est. Value

Last Sold July 20, 2017

Last sale price $962,050 $277 Per Sq Ft

Est. 195% increase in value since last sale

Current estimated payment $16,542/month

36 Days on Market

Highlights

  • Boat Ramp
  • Dock made with concrete
  • Home fronts a canal
  • Coral Shores High School Rated A
  • Tennis Courts
  • 1-minute walk to Schwingggg

About This Home

As of July 2017

Bank owned home in the most sought after subdivision in Key Largo. Deep water canal suitable for large yachts. This is a boaters dream location. Very spacious home in good condition. Easy to show. 60' of concrete seawall with 161' of waterfront should be able to add more seawall if desired. 3rd floor master suite. Elevator shaft.

Last Agent to Sell the Property

Jaclyn Kelley, Broker

Better Homes and Gardens Real Estate Destinations License #3157271 Listed on: 05/23/2017

Better Homes and Gardens Real Estate Destinations

Last Buyer's Agent

Jorge Gomez

RE/MAX All Keys Real Estate License #3282616

RE/MAX All Keys Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,041

Year Built

  • Built in 1997

Lot Details

  • 11,530 Sq Ft Lot
  • Home fronts a canal
  • Privacy Fence
  • Fenced
  • Property is zoned IS - Improved Subivision District

Home Design

  • Split Level Home
  • Metal Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 3,479 Sq Ft Home
  • Ceiling Fan
  • Single Hung Windows
  • Blinds
  • Workshop
  • Storage
  • Canal Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Trash Compactor
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Impact Glass
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Carport
  • Electric Gate

Eco-Friendly Details

  • Solar Water Heater

Outdoor Features

  • Dock made with concrete
  • Tennis Courts
  • Balcony

Utilities

  • Central Air
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00453475-012400

Community Details

Overview

  • No Home Owners Association
  • Association fees include common area mnt
  • Port Largo Subdivision
  • Rental Restrictions

Recreation

  • Boat Ramp
  • Tennis Courts
  • Community Pool
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,041

Year Built

Built in 1997

Lot Details

0.26 Acres

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Voluntary HOA: Yes
  • Dockage Dock: Concrete
  • Fee Includes: Common Area Mnt
  • Financial Status Bank Owned: Yes
  • Financial Status Potential Short Sale: No
  • Key Island: Key Largo
  • Limited Representation: No
  • Mile Marker: 100.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Bike Paths, Other Area Features, Tennis Courts, Community Boat Ramp, Community Pool
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 9040.71
  • Vehicle Storage: Carport, Covered Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 1997
  • Alternate Key Number: 1556335
  • Building Style: Split Level
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 11530.00
  • Porch Balcony: Open Porch/Balcony
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 3479.00
  • G F Interior Features: Solar Water Heater
  • Sewer Hook Up: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Storage, Whirlpool Bath Tub, Walk-in Closet(s), Smoke Alarms, Granite Counter Top
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Range, Washer, Trash Compactor, Stainless Steel Appliance(s), Refrigerator, Microwave, Oven, Dryer, Disposal
  • Floor: Carpet, Tile
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room, Workshop
  • Windows/Doors: Impact Rstnce Doors, Single Hung Windows, Impact Rstnce Window
  • Total Bedrooms: 4

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS, Concrete
  • Exterior Features: Fencing, Privacy Wall/Fence
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Security: Electric Gate
  • Utilities: Buyer to Verify, Municipal Sewer, FKAA, Cable Available

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE 10
  • Parcel Number: 00453475-012400
  • Lot Size: 161 x 159 x 54 x 102
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.26

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 26, 2022
Sold by
Frometa Alexis
Bought by
508 Caribbean Dr Trust
Current Estimated Value
$2,837,974

Purchase Details

Closed on
Jul 14, 2022
Sold by
Maylene Cruz
Bought by
Frometa Alexis

Purchase Details

Listed on
May 23, 2017
Closed on
Jul 14, 2017
Sold by
Bank Of America Na
Bought by
Cruz Maylene
Seller's Agent
Jaclyn Kelley, Broker
Better Homes and Gardens Real Estate Destinations
Buyer's Agent
Jorge Gomez
RE/MAX All Keys Real Estate
List Price
$1,150,000
Sold Price
$962,050
Premium/Discount to List
-$187,950
-16.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.26%

Purchase Details

Closed on
May 29, 2015
Sold by
Reyes George A
Bought by
Bank Of America Na

Purchase Details

Closed on
May 11, 2015
Sold by
Reyes George A
Bought by
Reyes George A

Purchase Details

Closed on
May 29, 2014
Sold by
Reyers George A
Bought by
Bank Of America Na

Purchase Details

Closed on
Jun 8, 2012
Sold by
Us Century Reh Ii Llc
Bought by
Reyes George A and Reyes Aida H

Purchase Details

Closed on
May 17, 2011
Sold by
Us Century Bank
Bought by
Us Century Reh Ii Llc

Purchase Details

Closed on
Sep 27, 2010
Sold by
Reyes George A and Reyes Aida
Bought by
Bank Of America Na and Us Century Bank

Purchase Details

Closed on
Sep 16, 2010
Sold by
Reyes George A and Reyes Aida H
Bought by
Bank Of America Na and Us Century Bank

Purchase Details

Closed on
Dec 11, 2007
Sold by
Reyes George A and Reyes Aida H
Bought by
Reyes George A and Reyes Aida H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2002
Sold by
George R Reyes M and George Marylin Reyes
Bought by
Delvalle Dorgedys and Delvalle Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,700
Interest Rate
7.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 1999
Sold by
Reyes George A and Reyes Aida H
Bought by
Reyes George A

Purchase Details

Closed on
Jan 14, 1997
Sold by
Reyes George A and Reyes Aida
Bought by
Reyes George A and Reyes Aida

Purchase Details

Closed on
Jan 1, 1996
Bought by
Bank Of America Na

Purchase Details

Closed on
Jan 1, 1982
Bought by
Bank Of America Na

Purchase Details

Closed on
Dec 1, 1979
Bought by
Bank Of America Na
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
508 Caribbean Dr Trust -- --
Frometa Alexis -- Firm Law Group
Cruz Maylene $962,100 Servicelink Llc
Bank Of America Na -- None Available
Reyes George A -- None Available
Bank Of America Na -- None Available
Reyes George A -- Attorney
Us Century Reh Ii Llc -- Attorney
Bank Of America Na $700,000 None Available
Bank Of America Na $700,000 None Available
Reyes George A -- Quantum Title Services
Delvalle Dorgedys $480,000 --
Reyes George A -- --
Reyes George A $100 --
Bank Of America Na $106,000 --
Bank Of America Na $79,000 --
Bank Of America Na $32,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reyes George A $1,400,000
Previous Owner Reyes George A $525,000
Previous Owner Reyes George A $300,700
Previous Owner Reyes George A $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/20/2017 07/20/17 Sold $962,050 -16.3% $277 / Sq Ft
06/28/2017 06/28/17 Pending -- -- --
05/23/2017 05/23/17 For Sale $1,150,000 -- $331 / Sq Ft
Source: Florida Keys Board of REALTORS®

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 $16,525 $2,061,856 $1,259,076 $802,780
2024 $16,761 $1,988,645 $1,186,437 $802,208
2023 $16,761 $2,015,455 $1,242,934 $772,521
2022 $12,206 $1,805,332 $1,024,786 $780,546
2021 $10,325 $1,181,845 $525,076 $656,769
2020 $10,703 $1,219,656 $547,906 $671,750
2019 $10,362 $1,227,819 $547,906 $679,913
2018 $9,395 $1,036,101 $547,906 $488,195
2017 $8,776 $963,718 $0 $0
2016 $9,041 $958,826 $0 $0
2015 $8,126 $870,904 $0 $0
2014 $7,478 $740,374 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 575687

Florida Keys Board of REALTORS®

APN: 00453475-012400

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