Townhouse with great lagoon view situated in the popular Kawama community. Located just a short distance from Miami, near shopping, great restaurants, local attractions and activities. This three story, three bedroom, three bath townhouse is located in a quiet, central area of the complex. The gated community with 24hr security offers excellent amenities including two heated pools, saltwater lagoon for swimming and kayaking, marina, boat ramp, tennis/pickleball courts, playground for children, beach area with firepits great for family gatherings and a jetty perfect for watching sunrises and sunsets. Short term rentals are permitted and this unit has a profitable history of rentals. Great place for full time living, as a vacation home or short term rental income opportunity
Sold for $845,000
$845,000
1500 Ocean Bay Dr #M6, Key Largo, FL 33037
3beds
920sqft
Townhouse, Residential - Condo/Townhouse
Built in 1983
-- sqft lot
$802,200 Zestimate®
$918/sqft
$3,273 Estimated rent
Home value
$802,200
$722,000 - $890,000
$3,273/mo
Zestimate® history
Owner options
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$3,273/mo
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$3,273/mo
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$5,406/mo
Est. payment
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$5,406/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Gladys Cornell,
Century 21 Circle- Islamorada
Bought with:
Gladys Cornell
Century 21 Circle- Islamorada
Source: FLKMLS,MLS#: 615177
Originating MLS: Florida Keys
Originating MLS: Florida KeysFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
- Laundry: Laundry Room
Features
- Flooring: Tile, Concrete
- Doors: Sliding Glass Doors, Impact Rstnce Doors
- Windows: Impact Rstnce Window
- Furnished: Yes
Interior area
- Total interior livable area: 920 sqft
Property
Parking
- Total spaces: 2
- Parking features: Assigned, Guest
Features
- Patio & porch: Open Porch/Balcony, Screened Patio
- Has private pool: Yes
- Pool features: In Ground
- Has view: Yes
- View description: Lake, Salt Ponds
- Has water view: Yes
- Water view: Lake,Salt Ponds
- Waterfront features: Oceanfront, Open Water, Waterfront, Dockage: Boat Ramp
Lot
- Features: 1 Less Than 2 Acres
Details
- Parcel number: 00090493003100
- Zoning: SR
- Zoning description: Sub Urban Residential District
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: 1983
Utilities & green energy
- Electric: Elect Separate Meter
- Sewer: Municipal Sewer, Public Sewer
- Water: Water Separate Meter
- Utilities for property: FKAA, Cable Available, Cable Connected
Community & neighborhood
Security
- Security features: Electric Gate, Patrolled Area, Gated with Guard
Community
- Community features: Pool, Beach, Manager on Premises, Tennis Court(s), Community Boat Ramp
Location
- Region: Key Largo
- Subdivision: Kawama (100.0)
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $340 monthly
- Services included: Cable TV, Security, Maintenance Grounds, Building Insurance, Maintenance Structure, Water, Sewer
- Second HOA fee: $925 monthly
Price history
| Date | Event | Price |
|---|---|---|
| 8/4/2025 | Sold | $845,000-3.9%$918/sqft |
Source:  FLKMLS #615177 Report a problem | ||
| 6/6/2025 | Contingent | $879,000$955/sqft |
Source:  Key West AOR #615177 Report a problem | ||
| 5/27/2025 | Listed for sale | $879,000+244.7%$955/sqft |
Source: FLKMLS #615177 Report a problem | ||
| 6/22/2013 | Listing removed | $255,000$277/sqft |
Source: Esslinger-Wooten-Maxwell, Inc #M1464279 Report a problem | ||
| 1/26/2011 | Listed for sale | $255,000$277/sqft |
Source: Esslinger-Wooten-Maxwell, Inc #M1464279 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,183 +6.9% | $380,999 +10% |
| 2024 | $3,913 +7.6% | $346,363 +10% |
| 2023 | $3,635 +9.6% | $314,875 +10% |
| 2022 | $3,318 +20.7% | $286,250 +10% |
| 2021 | $2,749 +8.6% | $260,227 +10% |
| 2020 | $2,530 | $236,570 +4.5% |
| 2019 | $2,530 +4.9% | $226,400 |
| 2018 | $2,412 +2.8% | $226,400 -5.1% |
| 2017 | $2,346 +2.5% | $238,601 +5.6% |
| 2016 | $2,289 +2.8% | $225,879 +51.3% |
| 2015 | $2,227 | $149,300 |
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 Unit M6
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