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For sale
  • $2,150,000

    1501 Ocean Bay Dr #A1, Key Largo, FL 33037

    3beds
    2,127sqft
    : 
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    Townhouse
    Built in 1997
    -- sqft lot
    $-- Zestimate®
    $1,011/sqft
    $2,890/mo HOA

    What's special

    Luxury Ocean Front End Unit. The best views from the complex in this townhome with 50 ft deeded slip and boat lift. Indulge in the vibrant ocean colors of turquoise blues and greens from every room. Awaken to awe-inspiring sunrises accompanied by refreshing ocean breezes. This hidden gem has the best views in the exclusive Key Largo Yacht Club with the boat slip just steps away. Convenience, peace and quiet are yours in this private community of only 24 units. Turn-key property and furnished, ready to enjoy, Solid 3 1/4 Hardwood floors throughout. Impact windows & doors in addition to shutters. Multiple balconies in front and back. Covered parking for two vehicles. For boating enthusiasts, a 50-foot deeded boat slip with a 4-post lift provides direct ocean access from your private dock, conveniently located behind your garage. The expansive owner's suite spans the entire third level, offering a tranquil sanctuary with its own balcony, an additional screened terrace, and stunning views of the ocean and marina. Whether you're a water sports enthusiast or a lover of serene vistas, this townhome is a dream come true. Located at the heart of Key Largo with Keys' vibrant coastal lifestyle, enjoy proximity to world-class reefs, fishing hotspots, sandbars, and renowned waterfront dining. Easy access to Adams Cut, your adventures can extend seamlessly to the bay, providing endless opportunities for exploration.
    166 days
    |
    116
    |
    5
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Maria Canto 305-394-3037,

    American Caribbean Real Estate

    Source: MIAMI,MLS#: A11957355MLS LogoOriginating MLS: A-Miami Association of REALTORS

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Electric Range, Washer
      Features
      • Flooring: Tile
      • Doors: High Impact Doors
      • Furnished: Yes
      • Common walls with other units/homes: Corner Unit
      Interior area
      • Total structure area: 2,127
      • Total interior livable area: 2,127 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 1
      • Parking features: Attached Carport, 2 Or More Spaces, Covered, Guest, Rv/Boat Parking
      • Carport spaces: 1
      Features
      • Levels: Multi Level
      • Entry location: First Floor Entry
      • Exterior features: Balcony
      • Pool features: Association
      • Has view: Yes
      • View description: Ocean
      • Has water view: Yes
      • Water view: Ocean
      • Waterfront features: Ocean Front
      Details
      • Parcel number: 00090401000101

      Construction

      Type & style
      • Home type: Townhouse
      • Architectural style: Multi Level
      • Property subtype: Townhouse
      Materials
      • CBS Construction
      Condition
      • Year built: 1997

      Community & HOA

      Community
      • Security: Card Entry, Phone Entry
      • Application fee: $0
      • Pet fee: $0
      • Subdivision: Key Largo Yacht Club
      HOA
      • Has HOA: Yes
      • Amenities included: Barbecue, Clubhouse-Clubroom, Pool, Pickleball
      • HOA fee: $2,890 monthly
      Location
      • Region: Key Largo

      Financial & listing details

      • Price per square foot: $1,011/sqft
      • Tax assessed value: $1,181,860
      • Annual tax amount: $8,641
      • Date on market: 2/1/2026
      • Listing terms: All Cash,Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        2/2/2026Listed for sale$2,150,000$1,011/sqft
        Source: MIAMI #A11957355 Report a problem
        2/1/2026Listing removed$2,150,000$1,011/sqft
        Source: MIAMI #A11732507 Report a problem
        9/17/2025Price change$2,150,000-4.4%$1,011/sqft
        Source: MIAMI #A11732507 Report a problem
        7/24/2025Price change$2,250,000-4.3%$1,058/sqft
        Source: MIAMI #A11732507 Report a problem
        1/27/2025Listed for sale$2,350,000+556.4%$1,105/sqft
        Source: MIAMI #A11732507 Report a problem
        3/31/1995Sold$358,000$168/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$8,641 +5.9%$865,784 +10%
        2024$8,159 +5%$787,076 +10%
        2023$7,767 +17.7%$715,524 +10%
        2022$6,599 +22.3%$650,476 +10%
        2021$5,397 -0.6%$591,342
        2020$5,429 $591,342 -5%
        2019$5,429 -4.6%$622,146
        2018$5,688 -1.8%$622,146 -11%
        2017$5,790 -9.8%$699,259 +3.6%
        2016$6,421 -0.2%$675,003
        2015$6,433 $675,003
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        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

        22 / 100
        Car-Dependent
        32 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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