For sale

$1,385,000

1501 Ocean Bay Dr #B7, Key Largo, FL 33037

3beds

2,261sqft

$10,302/mo

Get pre-qualified

Townhouse

Built in 1997

-- sqft lot

$-- Zestimate^®

$613/sqft

$2,116/mo HOA

What's special

Modern poolClub houseLarge bathroomPrivate boat rampMagnificent primary suiteWalk-in closets

Exclusive and seldom available offering in the gated community of Key Largo Yacht Club. Completely remolded turn key 3 Bedroom 3 Bath 2 Car garage with ocean views from all balconies. A deeded 30' Boat Slip that includes a 15,000 LB lift just steps from your door. This is a beautiful turn key unit completely furnished and decorated with no expense spared. The 1st level encompasses your own patio for entertaining and grilling. The 2nd level is all about the kitchen / dinning and living / family room experience. The 3rd level is completely dedicated to a magnificent primary suite with a large bathroom and walk-in closets. Located in a beautiful 10 acre secured / gated community of only 24 units this community includes a modern pool, club house, tennis / basketball courts and trailer parking and private boat ramp.

12 days
401
14

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 3

Heating

Central, Electric

Cooling

Central Air, Electric

Appliances

Included: Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator

Features

Pantry
Flooring: Ceramic Tile
Doors: High Impact Doors, French Doors
Windows: Electric Shutters

Interior area

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

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 2
Parking features: 2 Or More Spaces, Covered, Rv/Boat Parking, Garage Door Opener
Garage spaces: 2

Features

Levels: Multi Level
Entry location: First Floor Entry
Has view: Yes
View description: Ocean, Water
Has water view: Yes
Water view: Ocean,Water
Waterfront features: No Fixed Bridges, Ocean Front

Lot

Features: East Of Us1

Details

Parcel number: 00090401000110

Construction

Type & style

Home type: Townhouse
Architectural style: Multi Level
Property subtype: Townhouse
Attached to another structure: Yes

Materials

Concrete Block Construction, CBS Construction

Condition

Updated/Remodeled,Completely Renovated
Year built: 1997

Community & HOA

Community

Security: Smoke Detector, Card Entry
Application fee: $1
Subdivision: Key Largo Yacht Club

HOA

Has HOA: Yes
Amenities included: Basketball Court, Barbecue, Boat Dock, Tennis Court(s)
HOA fee: $2,116 monthly

Location

Region: Key Largo

Financial & listing details

Price per square foot: $613/sqft
Tax assessed value: $993,867
Annual tax amount: $4,691
Date on market: 6/14/2026
Listing terms: All Cash,Conventional

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
8/23/2026	Listed for sale	$1,385,000-4.5%$613/sqft
Source: MIAMI #A12076180 Report a problem
6/11/2026	Listing removed	$1,450,000$641/sqft
Source: FLKMLS #617667 Report a problem
4/9/2026	Price change	$1,450,000-3.3%$641/sqft
Source: Key West AOR #617667 Report a problem
12/11/2025	Listed for sale	$1,499,000-6.3%$663/sqft
Source: FLKMLS #617667 Report a problem
12/9/2025	Listing removed	$1,599,000$707/sqft
Source: Key West AOR #613969 Report a problem
6/2/2025	Price change	$1,599,000-8.6%$707/sqft
Source: FLKMLS #613969 Report a problem
3/3/2025	Listed for sale	$1,750,000+108.3%$774/sqft
Source: FLKMLS #613969 Report a problem
12/10/2020	Sold	$840,000-5.5%$372/sqft
Source: MIAMI #A10947418 Report a problem
11/8/2020	Pending sale	$889,000$393/sqft
Source: Coldwell Banker Schmitt R.E. #A10947418 Report a problem
10/23/2020	Listed for sale	$889,000+49.4%$393/sqft
Source: Coldwell Banker Schmitt R.E. #A10947418 Report a problem
6/29/2015	Sold	$595,000-14.9%$263/sqft
Source: FLKMLS #566470 Report a problem
10/24/2014	Listing removed	$699,000$309/sqft
Source: CENTURY 21 Schwartz Realty #563645 Report a problem
9/19/2014	Pending sale	$699,000$309/sqft
Source: CENTURY 21 Schwartz Realty #563645 Report a problem
3/4/2014	Listed for sale	$699,000$309/sqft
Source: Schwartz Property Sales #563645 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,691 +4.9%	$531,802 +2.9%
2024	$4,472 -13.1%	$516,815 -3.8%
2023	$5,145 +12.7%	$537,021 +6.6%
2022	$4,565 +11%	$503,701 +6.5%
2021	$4,112 -7.8%	$472,959
2020	$4,462	$472,959 -4.9%
2019	$4,462 -4.4%	$497,325
2018	$4,667 -1.7%	$497,325 -3.7%
2017	$4,747 -1.7%	$516,381 +12.8%
2016	$4,830 +6.1%	$457,624 +38.2%
2015	$4,551	$331,113