NOT LISTED FOR SALE

494 Caribbean Dr Key Largo, FL 33037

Estimated Value: $2,807,000 - $4,084,000

5 Beds
5.5 Baths
4,504 Sq Ft
$733/Sq Ft Est. Value

Last Sold September 24, 2014

Last sale price $1,250,000 $278 Per Sq Ft

Est. 164% increase in value since last sale

Current estimated payment $17,760/month

445 Days on Market

Highlights

  • Boat Ramp
  • Dock made with concrete
  • Tennis Courts
  • Coral Shores High School Rated A
  • Boat Lift
  • 1-minute walk to Key Largo Community Park

About This Home

As of September 2014

CARIBBEAN CLASSIC: Stunning Port Largo Home. Custom two-story CBS waterfront residence with a formal entrance into a spacious and elegant setting. Chefs will love the large, upgraded kitchen complete with granite counters and Thermador appliances. 5 bedrooms and 5.5 baths, with ample room for entertaining. Living area has a wet bar matching the kitchen.

Last Agent to Sell the Property

Joy Martin

American Caribbean Real Estate, Christie's International Real Estate License #0524075 Listed on: 05/20/2013

Last Buyer's Agent

Susan Recarey

Coldwell Banker Schmitt Key Largo

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,113

Year Built

  • Built in 1994

Lot Details

  • 9,375 Sq Ft Lot
  • Home fronts a canal
  • Property is zoned IS - Improved Subivision District

HOA Fees

  • $15 Monthly HOA Fees

Home Design

  • Tile Roof

Interior Spaces

  • 4,504 Sq Ft Home
  • Wet Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Shutters
  • Double Hung Windows
  • Blinds
  • French Doors
  • Sliding Doors
  • Canal Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Impact Glass

Parking

  • Electric Gate
  • Guest Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Davits
  • Seawall
  • Boat Lift
  • Dock made with concrete
  • Tennis Courts
  • Screened Balcony
  • Screened Patio

Location

  • Ground Level

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 00453475-011000

Community Details

Overview

  • Port Largo Subdivision
  • Rental Restrictions

Recreation

  • Boat Ramp
  • Community Boat Dock
  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,113

Year Built

Built in 1994

Lot Details

9,375 Sq Ft Lot

HOA Fees

$15 per month

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • Association Fee: 175.00
  • Mandatory HOA: Yes
  • Dockage Dock: Concrete
  • Dockage Seawall: Concrete
  • Fee Includes: Other
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key Largo
  • Limited Representation: No
  • Mile Marker: 100.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Boat Ramp, Tennis Courts, Community Pool, Community Dockage
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 8112.80
  • Vehicle Storage: Guest Parking, Off Street Parking, Open Parking
  • Year Built: 1994
  • Alternate Key Number: 1556190
  • Building Style: Ground Level
  • Cooling Heating: Ceiling Fans(s), Heat, Central Air
  • Lot Sq Ft: 9375.00
  • Porch Balcony: Open Porch/Balcony, Screened P/B, Screened Patio
  • Association Maintenance Fee Per: Yearly
  • Shutters: Panel
  • Tax Exemptions: Homestead
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 4504.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cathedral Ceilings, Security System, Wet Bar, Walk-in Closet(s), Granite Counter Top, Drapes/Blinds Incl
  • Total Bathrooms: 5.10
  • Full Bathrooms: 5
  • Appliances: Dishwasher, Wine Cooler, Washer, Stainless Steel Appliance(s), Refrigerator, Range, Oven, Microwave, Gas Appliances, Dryer
  • Floor: Carpet, Tile
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Double Hung Windows, Impact Rstnce Doors, Sliding Glass Doors, Single Hung Windows, French Doors
  • Total Bedrooms: 5

Exterior Features

  • Dockage: Boat Lift, Davits
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Roof: Tile Roof
  • Waterview: Canal View

Utilities

  • Security: Electric Gate
  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE-8
  • Parcel Number: 00453475-011000
  • Lot Size: 75 x 125
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2013
Closed on
Sep 18, 2014
Sold by
Frink Stephen B and Doernbach Barbara
Bought by
Wright Anthony Mikel and Wright Isis
Seller's Agent
Joy Martin
American Caribbean Real Estate, Christie's International Real Estate
Buyer's Agent
Susan Recarey
Coldwell Banker Schmitt Key Largo
List Price
$1,399,000
Sold Price
$1,250,000
Premium/Discount to List
-$149,000
-10.65%
Current Estimated Value
$3,302,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,052,160
Avg. Annual Appreciation
8.86%
Original Mortgage
$375,000
Outstanding Balance
$119,092
Interest Rate
4.17%
Mortgage Type
New Conventional
Estimated Equity
$3,183,068

Purchase Details

Closed on
Oct 25, 2004
Sold by
Webb Richard L
Bought by
Frink Stephen B and Doernbach Barbara A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
5.37%
Mortgage Type
Unknown

Purchase Details

Closed on
May 8, 1996
Sold by
Montes Juan and Montes Olga
Bought by
Webb Richard L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 1990
Bought by
Wright Anthony Mikel and Wright Isis

Purchase Details

Closed on
Jul 1, 1983
Bought by
Wright Anthony Mikel and Wright Isis

Purchase Details

Closed on
Dec 1, 1979
Bought by
Wright Anthony Mikel and Wright Isis
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
Wright Anthony Mikel $1,250,000 None Available
Frink Stephen B $1,300,000 Coral Reef Title Company
Webb Richard L $505,000 --
Wright Anthony Mikel $95,000 --
Wright Anthony Mikel $32,000 --
Wright Anthony Mikel $32,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wright Anthony Mikel $375,000
Previous Owner Frink Stephen B $800,000
Previous Owner Webb Richard L $350,000
Previous Owner Webb Richard L $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2014 09/24/14 Sold $1,250,000 -10.7% $278 / Sq Ft
08/08/2014 08/08/14 Pending -- -- --
05/20/2013 05/20/13 For Sale $1,399,000 -- $311 / 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 $9,413 $1,160,113 -- --
2024 $9,127 $1,127,418 -- --
2023 $9,127 $1,094,581 $0 $0
2022 $8,584 $1,062,700 $0 $0
2021 $8,784 $1,031,748 $0 $0
2020 $8,727 $1,017,503 $0 $0
2019 $8,555 $994,627 $0 $0
2018 $8,560 $976,082 $0 $0
2017 $8,378 $956,006 $0 $0
2016 $8,501 $936,343 $0 $0
2015 $8,589 $929,834 $0 $0
2014 $8,371 $879,218 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joy Martin

    Seller's Agent in 2014

    Joy Martin

    American Caribbean Real Estate, Christie's International Real Estate

    (305) 394-7866

    43 in this area

    110 Total Sales

    Joy Martin
    Section Image

  • S

    Buyer's Agent in 2014

    Susan Recarey

    Coldwell Banker Schmitt Key Largo

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 561189

Florida Keys Board of REALTORS®

APN: 00453475-011000

Florida Monroe County Key Largo 33037

494 Caribbean Dr, Key Largo, FL

Not Listed for Sale

Detached

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