Sold for $1,350,000

$1,350,000

1501 Ocean Bay Dr #B5, Key Largo, FL 33037

3beds

2,261sqft

Townhouse

Built in 1997

-- sqft lot

$1,337,000 Zestimate^®

$597/sqft

$5,284 Estimated rent

Home value

$1,337,000

$1.19M - $1.50M

$5,284/mo

Zestimate^® history

Owner options

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$5,284/mo

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$5,284/mo

Rent Zestimate^®

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$10,038/mo

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$10,038/mo

Est. payment

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What's special

Heated pool and spaTennis courtsPrivate marinaBoat rampMaster suiteWater front viewsBoat trailer storage

Exclusive 3 bedroom and 2.5 bath 3 story, 2 car garage Townhouse at Key Largo Yacht Club with water front views including a deeded 12,000 lb boat lift is a rare find. The 10 acre, 24 unit community offers tropical privacy beyond the gates with a heated pool and spa, private marina, boat ramp, boat trailer storage, tennis courts, and playground. The townhome has 3 floors of fabulous views of the marina and ocean front. All bathrooms have been completely remodeled. 3rd floor encompasses the master suite. Ground level has your own patio for entertaining, grilling or just simply enjoying the ocean breezes. Easy boating access to Rodriguez Key or Mosquito Bank. Take a golfcart ride within the neighborhood to Key Largo park with 9 Pickleball courts, shopping, or choose from 1 of several resturants in the neighborhood.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Heating

Has Heating (Unspecified Type)

Cooling

Central Air, Ceiling Fans(s)

Appliances

Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Disposal, Freezer, Wine Cooler

Features

Built-in Features, Storage, Walk-in Closet(s), Bar, Media Room
Flooring: Vinyl
Furnished: Yes

Interior area

Total structure area: 2,261
Total interior livable area: 2,261 sqft

Property

Parking

Parking features: Attached, Garage Door Opener, Storage
Has attached garage: Yes

Accessibility

Accessibility features: None

Features

Patio & porch: Open Porch/Balcony, Patio, Lanai
Exterior features: Lighting, Tennis Court(s)
Has private pool: Yes
Pool features: In Ground, Concrete, Decked
Spa features: Community
On waterfront: Yes

Details

Parcel number: 00090401000108
Zoning: SR - Sub Urban Residential District

Construction

Type & style

Home type: Townhouse
Property subtype: Townhouse

Materials

CBS, Concrete

Condition

Updated/Remodeled
New construction: No
Year built: 1997

Utilities & green energy

Utilities for property: Cable Available

Community & HOA

Community

Features: Community Boat Ramp
Security: Security Gate
Subdivision: Key Largo Yacht Club (100.0)

HOA

Has HOA: Yes
Services included: Maintenance Structure, Insurance, Common Area Mnt, Security
HOA fee: $1,761 monthly

Location

Region: Key Largo

Financial & listing details

Price per square foot: $597/sqft
Tax assessed value: $940,041
Annual tax amount: $8,320
Date on market: 11/2/2024
Listing terms: No Seller Finance,Cash,Conventional

Price history

Date	Event	Price
1/8/2025	Sold	$1,350,000-10%$597/sqft
Source: FLKMLS #612084 Report a problem
12/21/2024	Pending sale	$1,499,500$663/sqft
Source: FLKMLS #612084 Report a problem
12/10/2024	Contingent	$1,499,500$663/sqft
Source: FLKMLS #612084 Report a problem
11/2/2024	Listed for sale	$1,499,500+156.3%$663/sqft
Source: Key West AOR #612084 Report a problem
7/20/2020	Sold	$585,000-3.4%$259/sqft
Source: FLKMLS #589200 Report a problem
6/13/2003	Sold	$605,450$268/sqft
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,307 -0.6%	$940,041 -2.9%
2024	$8,355 +0.4%	$968,448
2023	$8,320 +54.3%	$968,448 +86.1%
2022	$5,393 +21.6%	$520,255 +10%
2021	$4,436 -0.6%	$472,959
2020	$4,462	$472,959 -4.9%
2019	$4,462 -4.4%	$497,325
2018	$4,667 -1.7%	$497,325 -8.9%
2017	$4,747 -3.7%	$545,953 +19.3%
2016	$4,930 +8.3%	$457,624
2015	$4,551	$457,624