$425,000
SOLD MAR 31, 2021

1500 Ocean Bay Dr Unit B8 Key Largo, FL 33037

2 Beds
2 Baths
764 Sq Ft
$750/mo HOA Fee

Recently Sold

$556 Per Sq Ft

2% Below List Price

65 Days on Market

Highlights

  • Ocean Front
  • Boat Ramp
  • Sandy Beach
  • Coral Shores High School Rated A
  • Beach
  • 1-minute walk to Schwingggg

About This Home

As of March 2021

Turn key 2/2 corner townhouse in one of the best locations in Kawama, just steps to salt water lagoon, pool and chickee hut. 2/1 up and a full bathroom on first floor, both remodeled. Enclosed balcony in master bedroom provides additional space and still allows for views from the inside. Well cared for unit with newer appliances. Offered furnished and with rental history. Built in closets on terrace for washer and dryer and the other provides additional storage. There is an amazing sense of community and plenty to enjoy....private beach, tennis court, playground, pools, and BBQ areas. Gated subdivision with 24 hr security. First come first served dry storage available on site.

Last Agent to Sell the Property

Vanessa J Chamizo

Coldwell Banker Schmitt Islamorada License #3080308 Listed on: 01/16/2021

Coldwell Banker Schmitt Islamorada

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,266

Year Built

  • Built in 1975

Lot Details

  • Ocean Front
  • Lake Front
  • Sandy Beach

HOA Fees

  • $750 Monthly HOA Fees

Parking

  • Open Parking

Home Design

  • Metal Roof

Interior Spaces

  • 764 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Storage
  • Lake Views
  • Monitored

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Balcony
  • Screened Patio
  • Outdoor Storage
  • Tiki or Chickee Hut

Utilities

  • Central Air
  • Heat Pump System
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Minimum Rental Period: 2
  • Assessor Parcel Number 00090491-000208

Community Details

Overview

  • Association fees include bldg exterior mnt, security, sewer, common area mnt, cable, building insurance
  • Kawama Yacht Club Subdivision

Amenities

  • Clubhouse

Recreation

  • Boat Ramp
  • Beach
  • Tennis Courts
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Gated with Attendant
  • Resident Manager or Management On Site
  • Complete Accordion Shutters
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,266

Year Built

Built in 1975

Lot Details

0

HOA Fees

$750 per month

Listing Details

  • Property Type: Residential
  • Style: Townhouse
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 750.00
  • Mandatory HOA: Yes
  • Control Depth: 4
  • Document Count: 2
  • Fee Includes: Bldg Exterior Mnt, Security, Sewer, Common Area Mnt, Cable, Building Insurance
  • Key Island: Key Largo
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 100.00
  • Min Rental Days: 2.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Beach, Tennis Courts, Manager on Premises, Clubhouse, Community Pool, Community Boat Ramp
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 2266.19
  • Title: Title Ins - Buyer
  • Vehicle Storage: Open Parking
  • Year Built: 1975
  • Alternate Key Number: 1102695
  • Building Style: Townhouse
  • Cooling Heating: Ceiling Fans(s), Heat Pump, Heat, Central Air
  • Pool Info: In Ground
  • Porch Balcony: Open Porch/Balcony, Screened Patio
  • Association Maintenance Fee Per: Monthly
  • Association Info Condo Docs: Yes
  • Shutters: Accordion
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 764.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Unit Complex: Complex
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Smoke Alarms, Storage
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Refrigerator, Range, Oven, Microwave, Dryer
  • Floor: Carpet, Tile
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Aluminum Windows
  • Total Bedrooms: 2
  • Sq Ft Remarks: Enclosed balcony in Master Bedroom not included.

Exterior Features

  • Dockage: None
  • Waterfront: Lake Front, Oceanfront
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Chickee Hut, Sandy Beach, Storage
  • Roof: Metal Roof
  • Waterview: Lake View
  • Pool: Yes

Utilities

  • Security: Manned Gate, Patrolled Area
  • Utilities: Cable Available, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE
  • Parcel Number: 00090491-000208
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2021
Closed on
Mar 25, 2021
Sold by
Leon Leopoldo D and Leon Aida
Bought by
Hilton James Paul
Seller's Agent
Vanessa J Chamizo
Coldwell Banker Schmitt Islamorada
Buyer's Agent
Creative Technology
List Price
$435,000
Sold Price
$425,000
Premium/Discount to List
-$10,000
-2.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.02%
Original Mortgage
$340,000
Outstanding Balance
$308,023
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$410,389

Purchase Details

Closed on
Oct 30, 2002
Sold by
Pizarro Felix and Pizarro Zoe
Bought by
Pizarro Milton and Pizarro Monica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2002
Sold by
Kevin P Oconnor M and Kevin Oconnor M
Bought by
Carril Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
6.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 26, 2000
Sold by
Mclean Teresa A Sullivan
Bought by
Pizarro Felix and Pizarro Zoe

Purchase Details

Closed on
Aug 23, 1999
Sold by
Gallardo Hector C
Bought by
Leon Leopoldo D and Leon Aida

Purchase Details

Closed on
May 29, 1998
Sold by
Abramson Herbert W
Bought by
Gomez Maria M

Purchase Details

Closed on
Oct 2, 1996
Sold by
Franco Marco and Franco Teresa
Bought by
Franco Teresa and Sullivan Terrence

Purchase Details

Closed on
Feb 1, 1976
Bought by
Leon Leopoldo D and Leon Aida
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $425,000 Xcellence Title Llc
Warranty Deed $185,000 --
Warranty Deed $163,000 --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed $88,000 --
Warranty Deed $87,500 --
Deed $77,500 --
Quit Claim Deed $100 --
Deed $43,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $340,000 New Conventional
Previous Owner $329,000 Unknown
Previous Owner $94,000 Credit Line Revolving
Previous Owner $250,000 Credit Line Revolving
Previous Owner $148,000 New Conventional
Previous Owner $95,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2025 06/27/25 Price Changed $734,900 -2.0% $962 / Sq Ft
05/28/2025 05/28/25 For Sale $749,900 +76.4% $982 / Sq Ft
03/31/2021 03/31/21 Sold $425,000 -2.3% $556 / Sq Ft
03/22/2021 03/22/21 Pending -- -- --
01/16/2021 01/16/21 For Sale $435,000 -- $569 / Sq Ft
Source: Florida Keys Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,386 $542,727 -- $542,727
2023 $4,386 $523,822 $0 $523,822
2022 $3,711 $403,118 $0 $403,118
2021 $2,617 $283,325 $0 $283,325
2020 $2,271 $204,776 $0 $204,776
2019 $2,266 $204,776 $0 $204,776
2018 $2,212 $207,137 $0 $0
2017 $2,115 $205,349 $0 $0
2016 $2,041 $189,265 $0 $0
2015 $2,013 $189,265 $0 $0
2014 $1,786 $131,542 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 594286

Florida Keys Board of REALTORS®

APN: 00090491-000208