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Sold for $800,000
    • $800,000

    1500 Ocean Bay Dr APT F2, Key Largo, FL 33037

    2beds
    918sqft
    Townhouse
    Built in 1975
    918 Square Feet Lot
    $809,200 Zestimate®
    $871/sqft
    $2,908 Estimated rent

    Home value

    $809,200

    $696,000 - $939,000

    $2,908/mo

    Zestimate® history
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    What's special

    Modern elegancePrivate beach accessCoastal charmGated waterfront communityBreathtaking ocean views
    A Rare Key Largo Gem - A Lucrative Investment & Coastal Escape! THIS BUSINESS IS BEING SOLD WITH OVER ONE HUNDRED 5 STAR REVIEWS THAT WILL BE TRANSFERED TO NEW BUYER ENSURING IMMEDIATE RENTALL SUCCESS Discover a one-of-a-kind opportunity at Kawama Yacht Club, one of the few communities in Key Largo that allows daily rentals, making it a highly profitable investment or the ultimate weekend retreat! This stunning townhouse has been professionally designed by an interior designer and boasts all five-star reviews from satisfied guests. Every detail has been thoughtfully curated to provide an elevated living experience, combining modern elegance with coastal charm. Located in a gated waterfront community, this home offers resort-style amenities, private beach access, pools, and breathtaking ocean views. Whether you're looking for an income-generating vacation rental or a personal retreat in paradise, this property is a rare find that checks all the boxes. Don't miss this incredible opportunity—schedule your private showing today!

    Zillow last checked:

    Listing updated:

    Listed by:

    Diana Valbuena 305-721-5775,

    Pedrin of Miami Realty, Inc.

    Bought with:

    Diana Valbuena, 3311963

    Pedrin of Miami Realty, Inc.

    Source: FLKMLS,MLS#: 614123MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Has Heating (Unspecified Type)
    Cooling
    • Central Air, Ceiling Fans(s)
    Appliances
    • Included: Washer, Dryer, Refrigerator, Range, Oven, Microwave, Wine Cooler, Stainless Steel Appliance(s)
    Features
    • Smart Thermostat, Built-in Features, Walk-in Closet(s), Quartz Countertops
    • Flooring: Vinyl
    • Furnished: Yes
    Interior area
    • Total structure area: 918
    • Total interior livable area: 918 sqft

    Property

    Parking
    • Parking features: Open
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Open Porch/Balcony
    • Exterior features: Built-in Barbecue, Chickee Hut, Lighting, Outdoor Kitchen, Sandy Beach, Tennis Court(s)
    • Has private pool: Yes
    • Pool features: In Ground
    • On waterfront: Yes
    Lot
    • Size: 918 Square Feet
    Details
    • Additional structures: Gazebo
    • Parcel number: 00090491000602
    • Zoning: RH - Resort Hotel
    • Other equipment: Irrigation Equipment

    Construction

    Type & style
    • Home type: Townhouse
    • Property subtype: Townhouse
    Materials
    • CBS
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1975

    Utilities & green energy

    • Utilities for property: Cable Available

    Community & HOA

    Community
    • Features: Community Dockage, Community Boat Ramp, Beach, Bike Paths
    • Security: Gated with Guard, Security Guard
    • Subdivision: Kawama Yacht Club (100.0)
    HOA
    • Has HOA: Yes
    • Services included: Cable TV, Maintenance Structure, Insurance, Common Area Mnt, Security
    • HOA fee: $396 monthly
    Location
    • Region: Key Largo

    Financial & listing details

    • Price per square foot: $871/sqft
    • Tax assessed value: $710,153
    • Annual tax amount: $3,812
    • Date on market: 3/11/2025
    • Listing terms: No Seller Finance,Cash,Conventional

    Price history

    DateEventPrice
    5/27/2025Sold$800,000-7%$871/sqft
    Source: FLKMLS #614123 Report a problem
    4/2/2025Pending sale$859,900$937/sqft
    Source: FLKMLS #614123 Report a problem
    3/11/2025Listed for sale$859,900+237.2%$937/sqft
    Source: Key West AOR #614123 Report a problem
    7/12/2016Sold$255,000-1.9%$278/sqft
    Source: FLKMLS #570854 Report a problem
    5/23/2016Pending sale$260,000$283/sqft
    Source: Star Properties #570854 Report a problem
    5/11/2016Listed for sale$260,000+62.6%$283/sqft
    Source: Star Properties #570854 Report a problem
    3/22/2012Listing removed$159,900$174/sqft
    Source: Century 21 Schwartz Realty #553408 Report a problem
    6/7/2011Listed for sale$159,900+13%$174/sqft
    Source: Century 21 Keysearch Realty #553408 Report a problem
    4/13/2011Sold$141,500-11.5%$154/sqft
    Source: Public Record Report a problem
    3/20/2011Price change$159,900-15.4%$174/sqft
    Source: CENTURY 21 Keysearch Realty #553408 Report a problem
    11/12/2010Listed for sale$189,000$206/sqft
    Source: CENTURY 21 Keysearch Realty #553408 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,668 +22.4%$358,929 +10%
    2024$3,813 +7.5%$326,299 +10%
    2023$3,546 +17.9%$296,635 +10%
    2022$3,009 +12.6%$269,668 +10%
    2021$2,671 +10.5%$245,153 +10%
    2020$2,418 $222,866 +2.6%
    2019$2,418 +1.8%$217,207 -1.2%
    2018$2,375 -2.2%$219,789 -1.8%
    2017$2,429 -1%$223,816 +10%
    2016$2,454 +8.9%$203,470
    2015$2,253 $203,470
    Find assessor info on the county website

    Neighborhood: 33037

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    Estimated market value
    $809,200
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    Estimated market value
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