$733,900
$16K PRICE DROP

1500 Ocean Bay Dr Unit B8 Key Largo, FL 33037

Estimated payment $5,134/month

Total Views 7,167
2 Beds
2 Baths
764 Sq Ft
$961 Price per Sq Ft

Highlights

  • Doorman
  • Marina
  • Property has ocean access
  • Coral Shores High School Rated A
  • Boat Ramp
  • 1-minute walk to Schwingggg

About This Home

Turn-Key Investment Property in coveted Kawama Yacht Club!! This corner unit, 2 bedroom 2 bath unit comes fully furnished. Short Term Rentals are allowed with the Monroe County Exception. Offset your expense of owning your Florida Keys Home and make your Dreams a Reality. Pool view with Lagoon are just a few steps away from your porch. This corner unit property sits in one of the best locations in Kawama. Priced to sell! Don't miss your opportunity!

Listing Agent

Jorge Ruiz

Xcellence Realty Brokerage Phone: 786-953-2173 License #3236606 Listed on: 05/28/2025

Xcellence Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,723

Year Built

  • Built in 1975

Lot Details

  • Home fronts a lagoon or estuary

HOA Fees

  • $687 Monthly HOA Fees

Interior Spaces

  • 764 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Lagoon Views

Kitchen

  • Built-In Oven
  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Upstairs
  • 2 Full Bathrooms
  • Shower Only

Laundry

  • Laundry in Utility Room
  • Dryer

Parking

  • 2 Car Parking Spaces
  • Open Parking

Outdoor Features

  • Property has ocean access
  • Beach Access
  • No Fixed Bridges
  • Outdoor Grill

Utilities

  • Cooling Available
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 00090491-000208

Community Details

Overview

  • Kawama Yacht Club Condos
  • Kawama Yacht Club Subdivision

Amenities

  • Doorman
  • Community Barbecue Grill

Recreation

  • Boat Ramp
  • Marina
  • Tennis Courts
  • Community Playground
  • Community Cabanas
  • Heated Community Pool

Pet Policy

  • Pets Allowed

Security

  • Card or Code Access
  • Complex Is Fenced

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,723

Year Built

Built in 1975

Lot Details

0

HOA Fees

$687 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1975
  • Property Sub Type: Townhouse
  • Architectural Style: Corner Unit
  • Entry Level: 1
  • Garage Yn: No
  • Horses: No
  • Inclusions: Community Boat Ramp,Unrestricted Salt Water Access, Beach,Community Ramp
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Townhouse
  • Subdivision Name: KAWAMA YACHT CLUB
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • Attribution Contact: 786-953-2173
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Electric Range, Refrigerator, Wall Oven
  • Interior Amenities: First Floor Entry, Storage, Utility Room/Laundry
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Tile
  • Living Area: 764
  • Stories: 2
  • Bedroom Features: Primary Bedroom Upstairs
  • Living Room Features: Storage Room, Utility Room/Laundry
  • Master Bathroom Features: Shower Only

Exterior Features

  • View: Lagoon, Other View
  • Exterior Features: Barbeque
  • Construction Type: Concrete Block Construction
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Lagoon, No Fixed Bridges, Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Kawama Yacht Club
  • Open Parking: Yes
  • Parking Features: 2 Or More Spaces, Open, Limited # Of Vehicle

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Electric
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Complex Fenced, Doorman, Card Entry

Condo/Co-op/Association

  • Association Fee: 687
  • Amenities: Barbecue, Cabana, Child Play Area, Heated Pool, Marina, Pickleball, Pool, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 00090491-000208

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4723

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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

Property History

Date Event Price Change Sq Ft Price
08/01/2025 08/01/25 Price Changed $733,900 -0.1% $961 / Sq Ft
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: MIAMI REALTORS® MLS

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

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Source: MIAMI REALTORS® MLS

MLS Number: A11811146

MIAMI REALTORS® MLS

APN: 00090491-000208