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 SUCCESSDiscover 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!
Sold for $800,000
$800,000
1500 Ocean Bay Dr APT F2, Key Largo, FL 33037
2beds
918sqft
Townhouse, Residential - Condo/Townhouse
Built in 1975
918 Square Feet Lot
$797,000 Zestimate®
$871/sqft
$3,671 Estimated rent
Home value
$797,000
$693,000 - $917,000
$3,671/mo
Zestimate® history
Owner options
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$3,671/mo
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$3,671/mo
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$5,188/mo
Est. payment
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$5,188/mo
Est. payment
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List your homeWhat's special
Modern elegancePrivate beach accessCoastal charmGated waterfront communityBreathtaking ocean views
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#: 614123
Originating MLS: Florida Keys
Originating MLS: Florida KeysFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: Washer, Stainless Steel Appliance(s), Wine Cooler, Microwave, Oven, Range, Refrigerator, Dryer
Features
- Built-in Cabinets, Quartz Countertops, Walk-In Closet(s)
- Flooring: Vinyl
- Doors: Sliding Glass Doors
- Windows: Drapes/Blinds Incl, Window Treatments, Accordion
- Furnished: Yes
Interior area
- Total interior livable area: 918 sqft
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Open Porch/Balcony, Screened P/B
- Exterior features: Built-in Barbecue, Tennis Court(s), Sprinkler System, Sandy Beach, Outdoor Kitchen, Lighting
- Has private pool: Yes
- Pool features: In Ground
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake Front, Waterfront, Sandy Beach, Dockage: Boat Ramp, Other Dockage
Lot
- Size: 918 sqft
- Features: 10 or more Acres
Details
- Additional structures: Gazebo, Chickee Hut
- Parcel number: 00090491000602
- Zoning: RH
- Zoning description: Resort Hotel
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse, Residential - Condo/Townhouse
Materials
- CBS
- Roof: Metal
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1975
Utilities & green energy
- Sewer: Community Swr Plant, Public Sewer
- Utilities for property: Cable Available, Buyer to Verify, Cable Connected
Green energy
- Energy efficient items: Thermostat
- Water conservation: Dual Flush
Community & neighborhood
Security
- Security features: Smoke Detector(s), Gated with Guard, Patrolled Area
Community
- Community features: Pool, Bike Paths, Beach, Tennis Court(s), Community Boat Ramp, Community Dockage
Location
- Region: Key Largo
- Subdivision: Kawama Yacht Club (100.0)
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $396 monthly
- Services included: Cable TV, Security, Maintenance Grounds, Building Insurance, Maintenance Structure
- Second HOA fee: $771 monthly
Other
Other facts
- Listing terms: No Seller Finance,Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 5/27/2025 | Sold | $800,000-7%$871/sqft |
Source:  FLKMLS #614123 Report a problem | ||
| 4/2/2025 | Pending sale | $859,900$937/sqft |
Source: FLKMLS #614123 Report a problem | ||
| 3/11/2025 | Listed for sale | $859,900+237.2%$937/sqft |
Source:  Key West AOR #614123 Report a problem | ||
| 7/12/2016 | Sold | $255,000-1.9%$278/sqft |
Source: FLKMLS #570854 Report a problem | ||
| 5/23/2016 | Pending sale | $260,000$283/sqft |
Source: Star Properties #570854 Report a problem | ||
| 5/11/2016 | Listed for sale | $260,000+62.6%$283/sqft |
Source: Star Properties #570854 Report a problem | ||
| 3/22/2012 | Listing removed | $159,900$174/sqft |
Source: Century 21 Schwartz Realty #553408 Report a problem | ||
| 6/7/2011 | Listed for sale | $159,900+13%$174/sqft |
Source: Century 21 Keysearch Realty #553408 Report a problem | ||
| 4/13/2011 | Sold | $141,500-11.5%$154/sqft |
Source: Public Record Report a problem | ||
| 3/20/2011 | Price change | $159,900-15.4%$174/sqft |
Source: CENTURY 21 Keysearch Realty #553408 Report a problem | ||
| 11/12/2010 | Listed for sale | $189,000$206/sqft |
Source: CENTURY 21 Keysearch Realty #553408 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
Nearby schools
GreatSchools rating
- 8/10Key Largo SchoolGrades: PK-8Distance: 6.2 mi
- 5/10Coral Shores High SchoolGrades: 9-12Distance: 8.4 mi
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Estimated market value
$797,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$797,000
- Florida
- Monroe County
- Key Largo
- 33037
- 1500 Ocean Bay Dr Apartment F2
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