Large 3/3 townhome at popular Kawama Yacht Club in the heart of Key Largo! Rare opportunity to own a 3 level townhome with FANTASTIC RENTAL HISTORY in Key Largo. Solid concrete construction with metal roofs and impact windows & doors. Perfect floor plan for entertaining - the lower level has a bedroom, full bath & rec room/ den; on the second floor there's full bath, open kitchen & living area along with two patios - one open & one screened; and the top floor includes two more bedrooms and a full bath along with another screened patio. The beautiful & private Kawama Yacht Club offers several heated pools, saltwater swimming lagoons, oceanfront sandy beaches, jetty with gazebo, boat ramp, on site boat storage, tennis, playground, multiple picnic areas and access to a deep water harbor. This gated community is professionally managed and has 24 hour manned security. Short term rentals allowed - this townhome is fully furnished and in an active rental program. You can live here full time, seasonally or use when you like and rent while you're away! Centrally located to all Key Largo has to offer including the famous Key Largo Fisheries, bars, restaurants, shopping, diving, fishing and more. Close to everything but US1!
Sold for $800,000
$800,000
1500 Ocean Bay Dr APT S3, Key Largo, FL 33037
3beds
925sqft
Townhouse, Residential - Condo/Townhouse
Built in 1983
-- sqft lot
$802,200 Zestimate®
$865/sqft
$3,279 Estimated rent
Home value
$802,200
$698,000 - $923,000
$3,279/mo
Zestimate® history
Owner options
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$3,279/mo
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$3,279/mo
Rent Zestimate®
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$5,721/mo
Est. payment
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$5,721/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Lorie Rhyne Leal 305-942-6044,
American Caribbean Real Estate, Christie's International Real Estate
Bought with:
outside mls - FKBR
Outside Of MLS - FKBR
Source: FLKMLS,MLS#: 614569
Originating MLS: Florida Keys
Originating MLS: Florida KeysFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Washer, Microwave, Range, Refrigerator, Dishwasher, Dryer
- Laundry: Laundry Room
Features
- Bar
- Flooring: Tile
- Doors: Impact Rstnce Doors
- Windows: Drapes/Blinds Incl, Impact Rstnce Window
- Furnished: Yes
Interior area
- Total interior livable area: 925 sqft
Property
Parking
- Parking features: Open, Trailer Storage, Guest
- Has uncovered spaces: Yes
Features
- Levels: 3 Stories
- Stories: 3
- Has private pool: Yes
- Pool features: Heated, In Ground
- Water view: None
- Waterfront features: Oceanfront, Open Water, Waterfront, Dockage: Boat Ramp
Lot
- Features: 1 Less Than 2 Acres
Details
- Parcel number: 00090493005500
- Zoning: SR
- Zoning description: Sub Urban Residential District
Construction
Type & style
- Home type: Townhouse
- Architectural style: Townhouse
- Property subtype: Townhouse, Residential - Condo/Townhouse
Materials
- Concrete
- Roof: Metal
Condition
- Year built: 1983
Utilities & green energy
- Sewer: Municipal Sewer, Public Sewer
- Utilities for property: FKAA
Community & neighborhood
Security
- Security features: Smoke Detector(s), Electric Gate, Gated with Guard
Community
- Community features: Pool, Beach, Tennis Court(s), Community Boat Ramp
Location
- Region: Key Largo
- Subdivision: Kawama (100.0)
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $925 monthly
- Services included: Cable TV, Security, Maintenance Grounds, Building Insurance, Maintenance Structure, Pest Control
- Second HOA fee: $340 monthly
Price history
| Date | Event | Price |
|---|---|---|
| 6/4/2025 | Sold | $800,000-3%$865/sqft |
Source:  FLKMLS #614569 Report a problem | ||
| 4/16/2025 | Contingent | $825,000$892/sqft |
Source: FLKMLS #614569 Report a problem | ||
| 4/10/2025 | Listed for sale | $825,000+48.6%$892/sqft |
Source:  Key West AOR #614569 Report a problem | ||
| 9/29/2021 | Sold | $555,000-2.6%$600/sqft |
Source: FLKMLS #597043 Report a problem | ||
| 8/3/2021 | Contingent | $570,000$616/sqft |
Source: FLKMLS #597043 Report a problem | ||
| 7/26/2021 | Listed for sale | $570,000+62.9%$616/sqft |
Source: FLKMLS #597043 Report a problem | ||
| 3/27/2020 | Sold | $350,000-10%$378/sqft |
Source: Public Record Report a problem | ||
| 6/11/2015 | Listing removed | $389,000$421/sqft |
Source: The K Company Realty, LLC. #564182 Report a problem | ||
| 5/11/2015 | Price change | $389,000+34.6%$421/sqft |
Source: 5 County Real Estate, Inc. #564182 Report a problem | ||
| 5/1/2015 | Listed for sale | $289,000-25.7%$312/sqft |
Source: 5 County Real Estate, Inc. #564182 Report a problem | ||
| 3/18/2015 | Listing removed | $389,000$421/sqft |
Source: 5 County Real Estate, Inc. #564182 Report a problem | ||
| 2/2/2015 | Price change | $389,000-4%$421/sqft |
Source: 5 County Real Estate, Inc. #564182 Report a problem | ||
| 8/23/2014 | Price change | $405,000-5.6%$438/sqft |
Source: 5 County Real Estate, Inc. #564182 Report a problem | ||
| 6/13/2014 | Price change | $429,000-2.3%$464/sqft |
Source: 5 County Real Estate, Inc. #564182 Report a problem | ||
| 5/2/2014 | Listed for sale | $439,000+174.4%$475/sqft |
Source: Freewheeler Realty Inc, DBA, Realty World - Freewheeler #564182 Report a problem | ||
| 7/9/2001 | Sold | $160,000$173/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,907 +2.4% | $538,204 |
| 2024 | $4,791 +4.9% | $538,204 +3.9% |
| 2023 | $4,569 +10.3% | $518,062 +7.3% |
| 2022 | $4,141 +50.5% | $482,813 +67.5% |
| 2021 | $2,752 +130% | $288,229 +111.4% |
| 2020 | $1,196 | $136,368 +2.3% |
| 2019 | $1,196 +2.5% | $133,303 +1.9% |
| 2018 | $1,167 +1.2% | $130,818 +2.1% |
| 2017 | $1,153 +2.8% | $128,128 +2.1% |
| 2016 | $1,122 -0.4% | $125,493 +0.7% |
| 2015 | $1,126 | $124,621 |
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
$802,200
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Estimated market value
$802,200
- Florida
- Monroe County
- Key Largo
- 33037
- 1500 Ocean Bay Dr Apartment S3
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