For sale

$695,000

123 Ocean Bay Dr, Key Largo, FL 33037

3beds

1,206sqft

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Single Family Residence

Built in 1970

5,227 Square Feet Lot

$663,500 Zestimate^®

$576/sqft

$-- HOA

What's special

Completely remodeled homeNew roofDesigner featuresNew kitchenImpact windows and doorUpdated bathroomsCustom fencing

Completely remodeled home with designer features. Looking for a modern up dated home. This home is for you. New roof, new kitchen, updated bathrooms, Impact windows and door. custom fencing and land scapng. Privacy fencing surrounding this home makes this home a private Oasis, Walking distance to the Sailing Club, Multiple Sunset Celebration point an fine restaurants. biking distance to Key Largo Park and Jacobs Aquatic center, professional Pickle ball courts, and the YMCA t the park.

17 days

987

82

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Appliances

Included: Dryer, Stainless Steel Appliance(s), Oven, Range, Refrigerator, Dishwasher

Interior area

Total interior livable area: 1,206 sqft

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Property

Features

Levels: Ground Level
Water view: None
Waterfront features: None, Dockage: None

Lot

Size: 5,227 Square Feet
Features: Less Than 1/4 Acre

Details

Parcel number: 00497210000000
Zoning: RM-1
Zoning description: Residential Medium - 1

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Frame, Hardi Board Siding

Condition

Year built: 1970

Utilities & green energy

Sewer: Public Sewer
Utilities for property: FKAA

Community & HOA

Community

Subdivision: Lazy Lagoon (100.0)

HOA

Has HOA: No
Services included: None

Location

Region: Key Largo

Financial & listing details

Price per square foot: $576/sqft
Tax assessed value: $529,294
Annual tax amount: $4,682
Date on market: 6/22/2026

Estimated market value

$663,500

$630,000 - $697,000

$3,867/mo

Price history

Date	Event	Price
7/2/2026	Listing removed	$3,750$3/sqft
Source: Zillow Rentals Report a problem
6/22/2026	Listed for sale	$695,000+275.7%$576/sqft
Source: FLKMLS #620357 Report a problem
6/5/2026	Price change	$3,750-5.1%$3/sqft
Source: Zillow Rentals Report a problem
3/24/2026	Listed for rent	$3,950$3/sqft
Source: Zillow Rentals Report a problem
4/6/2024	Listing removed	--
Source: Zillow Rentals Report a problem
3/19/2024	Price change	$3,950-7.1%$3/sqft
Source: Zillow Rentals Report a problem
2/13/2024	Listed for rent	$4,250+10.4%$4/sqft
Source: Zillow Rentals Report a problem
1/10/2023	Listing removed	--
Source: Zillow Rentals Report a problem
12/9/2022	Listed for rent	$3,850$3/sqft
Source: Zillow Rentals Report a problem
2/7/2022	Sold	$185,000$153/sqft
Source: FLKMLS #598672 Report a problem
12/2/2021	Price change	$185,000-67%$153/sqft
Source: FLKMLS #598672 Report a problem
11/29/2021	Listed for sale	$560,000$464/sqft
Source: Key West AOR #598448 Report a problem
11/22/2021	Contingent	$560,000$464/sqft
Source: Key West AOR #598448 Report a problem
11/11/2021	Listed for sale	$560,000+40%$464/sqft
Source: Key West AOR #598448 Report a problem
6/14/2021	Sold	$400,000-10.9%$332/sqft
Source: FLKMLS #594897 Report a problem
3/25/2021	Price change	$449,000-5.5%$372/sqft
Source: MIAMI #A11018653 Report a problem
2/27/2021	Listed for sale	$475,000$394/sqft
Source: FLKMLS #594897 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,683 +13.5%	$442,020 +10%
2024	$4,126 +12.6%	$401,836 +10%
2023	$3,663 +19.1%	$365,305 +20.7%
2022	$3,076 +9.2%	$302,623 +31%
2021	$2,818 +3.8%	$230,981 +10%
2020	$2,713	$209,983 -18.1%
2019	$2,713 +7.5%	$256,437 +26.6%
2018	$2,523 +10.3%	$202,480 -0.6%
2017	$2,287 +3.6%	$203,685 +4.8%
2016	$2,207 +2.1%	$194,304 +7.2%
2015	$2,162	$181,319

Find assessor info on the county website

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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