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For sale
    • Price cut: $24.9K (6/8)
    $790,000

    1500 Ocean Bay Dr APT F5, Key Largo, FL 33037

    2beds
    918sqft
    : 
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    Townhouse, Residential - Condo/Townhouse
    Built in 1975
    -- sqft lot
    $764,300 Zestimate®
    $861/sqft
    $1,200/mo HOA

    What's special

    Tennis courtsNewer appliancesSleek granite countertopsCommunity poolsNew furniture
    Ready to go rental unit! Nightly rentals are permitted. New furniture, newer appliances, ready for your renters. Step into the kitchen, a culinary haven boasting modern appliances, sleek granite countertops, and a comprehensive array of essentials, ensuring every meal is a delight. The inviting living room offers a comfortable sofa, which effortlessly transforms into additional sleeping space, accommodating even more guests. This unit has everything you need to be a successful investment property. 3 covered patios, open upper deck to watch the sunset. This unit is located on the swimming lagoon with a beach. Enjoy the community pools, tennis courts, playground and a marina with a boat ramp. There is also room for boat trailer storage. This is a gated community with 24-hour security. You can reach several local restaurants by golf cart with never driving on US1. Key Largo Park is also an easy golf cart ride away, play pickle ball, tennis or enjoy the kid's area. This unit has everything you need, to use for your own enjoyment and generate an income when you are not using it. This unit is managed by a local property manager. Rentals on the books will transfer to new buyer. Built in rental income!
    103 days
    |
    319
    |
    14
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Amy L Bruggeman 305-619-0818,

    American Caribbean Real Estate, Christie's International Real Estate

    Source: FLKMLS,MLS#: 619210MLS LogoOriginating MLS: Florida Keys

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Washer, Microwave, Oven, Refrigerator, Dishwasher, Dryer
      Features
      • Granite Counters
      • Flooring: Tile
      • Windows: Single Hung Windows, Panel
      • Furnished: Yes
      Interior area
      • Total interior livable area: 918 sqft

      Property

      Parking
      • Parking features: Open
      • Has uncovered spaces: Yes
      Features
      • Patio & porch: Open Porch/Balcony, Roof Top Deck, Screened Patio
      • Has private pool: Yes
      • Pool features: Heated, In Ground
      • Has view: Yes
      • View description: Ocean
      • Has water view: Yes
      • Water view: Ocean
      • Waterfront features: Oceanfront, Waterfront, Dockage: Boat Ramp
      Lot
      • Features: Less Than 1/4 Acre
      Details
      • Parcel number: 00090491000605
      • Zoning: UR
      • Zoning description: Urban Residential Distrit

      Construction

      Type & style
      • Home type: Townhouse
      • Architectural style: Townhouse
      • Property subtype: Townhouse, Residential - Condo/Townhouse
      Materials
      • CBS
      • Roof: Metal
      Condition
      • Updated/Remodeled
      • New construction: No
      • Year built: 1975

      Utilities & green energy

      • Sewer: Municipal Sewer, Public Sewer
      • Utilities for property: FKAA, Cable Available

      Community & HOA

      Community
      • Security: Gated with Guard
      • Subdivision: Kawama Yacht Club (100.0)
      HOA
      • Has HOA: Yes
      • Services included: Cable TV, Security, Maintenance Grounds, Building Insurance, Sewer
      • HOA fee: $850 monthly
      • Second HOA fee: $350 monthly
      Location
      • Region: Key Largo

      Financial & listing details

      • Price per square foot: $861/sqft
      • Tax assessed value: $681,414
      • Annual tax amount: $5,999
      • Date on market: 3/26/2026
      • Listing terms: Cash,Conventional

        Estimated market value

        $764,300

        $726,000 - $803,000

        $3,115/mo

        Price history

        DateEventPrice
        6/8/2026Price change$790,000-3.1%$861/sqft
        Source: FLKMLS #619210 Report a problem
        5/19/2026Price change$814,900-3.6%$888/sqft
        Source: Key West AOR #619210 Report a problem
        3/26/2026Listed for sale$845,000+21.8%$920/sqft
        Source: Key West AOR #619210 Report a problem
        7/15/2022Sold$694,000+0.6%$756/sqft
        Source: MIAMI #A11219191 Report a problem
        6/20/2022Pending sale$689,990$752/sqft
        Source: MIAMI #A11219191 Report a problem
        6/8/2022Listed for sale$689,990+66.3%$752/sqft
        Source: MIAMI #A11219191 Report a problem
        3/2/2021Sold$415,000-3.3%$452/sqft
        Source: FLKMLS #593662 Report a problem
        1/9/2021Pending sale$429,000$467/sqft
        Source: Related ISG International Realty #A10964296 Report a problem
        1/6/2021Listed for sale$429,000$467/sqft
        Source: Related ISG International Realty #A10964296 Report a problem
        12/23/2020Contingent$429,000$467/sqft
        Source: MIAMI #A10964296 Report a problem
        12/12/2020Pending sale$429,000$467/sqft
        Source: Related ISG International Realty #A10964296 Report a problem
        12/2/2020Listed for sale$429,000+47.9%$467/sqft
        Source: Related ISG International Realty #A10964296 Report a problem
        9/1/2016Sold$290,000-3%$316/sqft
        Source: Public Record Report a problem
        8/9/2016Listed for sale$299,000$326/sqft
        Source: American Caribbean Real Estate #571344 Report a problem
        7/14/2016Pending sale$299,000$326/sqft
        Source: American Caribbean Real Estate #571344 Report a problem
        7/5/2016Listed for sale$299,000$326/sqft
        Source: American Caribbean Real Estate #571344 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,999 +13.5%$636,804 +10%
        2024$5,284 +4.3%$578,913 +3.7%
        2023$5,066 +32.5%$558,413 +33.7%
        2022$3,822 +29.8%$417,584 +51.8%
        2021$2,944 +11.5%$275,109 +10%
        2020$2,641 $250,099 +2.6%
        2019$2,641 +1.9%$243,733 -1.2%
        2018$2,592 -2.3%$246,637 +0.4%
        2017$2,653 +0.6%$245,697 +20.8%
        2016$2,637 +17%$203,470
        2015$2,253 $203,470

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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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        Climate risks

        Neighborhood: 33037

        Getting around

        16 / 100
        Car-Dependent
        29 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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