Caribbean Keys Homes for Sale

Caribbean Keys is a luxury waterfront, luxury community in Boca Raton, Palm Beach County, Florida. Properties are priced from $2,000,000 to $6,000,000. Pure Equity lists homes in Caribbean Keys and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers Caribbean Keys and the Boca Raton area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 3 Caribbean Keys Boca Raton homes for sale as of September 2026. The median asking price is $4.1M. Asking prices run from $2.19M to $6.0M.

That is 625% above the Boca Raton median of $565,000. On a per-foot basis, homes here ask about $1,306 per square foot, compared with $354 across Boca Raton. So the median price buys roughly 3,150 square feet of living area.

Listings here have averaged 41 days on the market. That is faster than the Boca Raton average of 111 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Caribbean Keys date from 1964 to 2025. That puts them between 1 and 62 years old.

The range straddles 2002, when Florida adopted its statewide building code. Therefore two similar-looking homes here can carry very different insurance premiums. Ask for the wind mitigation report on any home you consider, since it drives much of that difference.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Caribbean Keys includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

At a median near $4.1M, Caribbean Keys sits in the luxury tier of Boca Raton. Jumbo financing and proof of funds usually come up early in these negotiations.

Rentals in Caribbean Keys have a median asking rent of $23,500 per month, across 2 active rental listings. For comparison, the Boca Raton median is $3,200, so rents here run 634% higher.

You can browse current Boca Raton rentals or ask us for a rent estimate on a specific Caribbean Keys home.

Here is what the median Caribbean Keys price means in Florida closing terms. At $4.1M, a 20% down payment comes to about $820,000, leaving a loan near $3.28M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $11,473. Next, the intangible tax of 0.2% adds about $6,556. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Caribbean Keys median, that is about $28,683.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Caribbean Keys listings show assignments to J. C. Mitchell (elementary), Boca Raton Community (middle) and Boca Raton (high). However, boundaries can change each year, so confirm the assignment for a specific address with the School District of Palm Beach County.