$740,000
SOLD JUL 8, 2024

1500 Ocean Bay Dr Unit E6 Key Largo, FL 33037

2 Beds
2 Baths
766 Sq Ft
$1,017/mo HOA Fee

Recently Sold

$966 Per Sq Ft

13% Below List Price

99 Days on Market

Highlights

  • Marina
  • Lake Front
  • Bar or Lounge
  • Coral Shores High School Rated A
  • Boat Dock
  • Private Guards

About This Home

As of July 2024

Discover your slice of paradise at Kawama Yacht Club in Key Largo! This beautiful 2/2 property offers stunning water views and comes fully equipped and tastefully decorated. Ideal for short-term rentals, it's already generating significant booking revenue, providing investors with an excellent return on investment opportunity. Additionally, the community features a pool, 24-hour security, beach access, and a marina. Internet and cable are included. Located in a Florida paradise for tourists, this property offers around-the-clock relaxation and adventure. Don't miss out on this golden investment opportunity

Last Agent to Sell the Property

Claudia Arbelaez

MMLS Assoc.-Inactive Member License #3487795 Listed on: 03/19/2024

Last Buyer's Agent

NON-MLS MEMBER

MAR NON MLS MEMBER License #SEF

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,010

Year Built

  • Built in 1975

Lot Details

  • Lake Front

HOA Fees

  • $1,017 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Cluster Home
  • Stucco Exterior

Interior Spaces

  • 766 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Formal Dining Room
  • Canal Views
  • Video Cameras
  • Dryer

Kitchen

  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub
  • Shower Only

Outdoor Features

  • Access To Lake
  • Balcony
  • Patio
  • Porch

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 00090491-000506

Community Details

Overview

  • Kawama Yacht Club Condos
  • Kawama Yacht Club Subdivision

Amenities

  • Bar or Lounge

Recreation

  • Boat Dock
  • Marina
  • Community Basketball Court

Pet Policy

  • Dogs Allowed

Security

  • Private Guards
  • Security Service
  • High Impact Door

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,010

Year Built

Built in 1975

Lot Details

0

HOA Fees

$1,017 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1975
  • Property Sub Type: Townhouse
  • Architectural Style: Corner Unit, Patio/Cluster
  • Entry Level: 1
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Community Boat Dock,Other
  • New Construction: No
  • Structure Type: Condo 1-4 Stories, Townhouse
  • Subdivision Name: KAWAMA YACHT CLUB
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Refrigerator
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Carpet, Ceramic Floor
  • Furnished: Furnished
  • Living Area: 766
  • Possible Use: Investment
  • Stories: 2
  • Bedroom Features: Primary Bath Shower, Primary Bath Tub
  • Dining Room Features: Formal Dining, Kitchen Dining

Exterior Features

  • View: Canal
  • Exterior Features: Open Balcony, Other
  • Construction Type: Stucco
  • Patio And Porch Features: Open Balcony, Open Porch, Patio
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Lake, Lake Access, Waterfront
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: KAWAMA YACHT CLUB
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces

Utilities

  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Security: Private Guards, Security Patrol, TV Camera

Condo/Co-op/Association

  • Association Fee: 1017
  • Amenities: Bar, Basketball Court, Marina, None
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 00090491-000506
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Dogs OK

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2024
Closed on
Jul 8, 2024
Sold by
Delpercio Daniel Thomas
Bought by
Brown William P and Brown Adriana D
Seller's Agent
Claudia Arbelaez
MMLS Assoc.-Inactive Member
Buyer's Agent
NON-MLS MEMBER
MAR NON MLS MEMBER
List Price
$849,000
Sold Price
$740,000
Premium/Discount to List
-$109,000
-12.84%
Total Days on Market
99
Views
27
Current Estimated Value
$725,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,840
Avg. Annual Appreciation
-2.25%
Original Mortgage
$518,000
Outstanding Balance
$513,666
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$211,494

Purchase Details

Closed on
Sep 30, 2021
Sold by
Cooper Robert H and Barnes Rebekah L
Bought by
Delpercio Daniel Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 11, 2013
Closed on
Apr 4, 2014
Sold by
Marlow Jon and Marlow Kathy
Bought by
Cooper Robert H and Barnes Rebekah L
Seller's Agent
Linda Perloff
Century 21 Circle- Islamorada
Buyer's Agent
Terri Bodker
Ocean Bay Realty of the Keys
List Price
$189,000
Sold Price
$189,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.82%
Original Mortgage
$141,750
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 2011
Sold by
Us Bank Na
Bought by
Marlow Jon and Marlow Kathy

Purchase Details

Closed on
Aug 9, 2010
Sold by
Larrabee George W and Larrabee Catherine W
Bought by
Us Bank Na

Purchase Details

Closed on
Jul 29, 2010
Sold by
Larrabee George W and Larrabee Catherine W
Bought by
Us Bank Na

Purchase Details

Closed on
Jun 5, 2001
Sold by
Henry L Olszyk I
Bought by
Larrabee George W and Larrabee Catherine W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
7.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 12, 1998
Sold by
Robert Hall Enterprises
Bought by
Olszyk Henry L and Koziol Dorothy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.58%
Mortgage Type
Balloon

Purchase Details

Closed on
Feb 1, 1976
Bought by
Cooper Robert H
Source: Public Records

Similar Homes in Key Largo, FL

  • 1500 Ocean Bay Dr Unit H-12, Key Largo, FL 33037

    $839,000

    • 3 Beds
    • 3 Baths
    • 927 Sq Ft
    • 1500 Ocean Bay Dr
    • Unit H-12
    • Key Largo, FL

    Kawama Corner Townhome - 3-Day Rentals Allowed!Welcome to the private, gated community of Kawama in Key Largo, just off the ocean side at mile marker 100! This beautiful 3-level corner townhome is the perfect getaway, offering the ultimate resort-style living with access to a stunning saltwater swimming lagoon, two pools, tennis courts, a marina, and a long jetty leading into the ocean. Enjoy two

    BJ Born Real Estate Sales Force, Inc.

    Section Image
  • 1500 Ocean Bay Dr Unit M6, Key Largo, FL 33037

    $879,000

    • 3 Beds
    • 3 Baths
    • 920 Sq Ft
    • 1500 Ocean Bay Dr
    • Unit M6
    • Key Largo, FL

    Townhouse with great lagoon view situated in the popular Kawama community. Located just a short distance from Miami, near shopping, great restaurants, local attractions and activities. This three story, three bedroom, three bath townhouse is located in a quiet, central area of the complex. The gated community with 24hr security offers excellent amenities including two heated pools, saltwater

    Gladys Cornell Century 21 Circle- Islamorada

    Section Image
  • 1500 Ocean Bay Dr Unit B8, Key Largo, FL 33037

    $749,900

    • 2 Beds
    • 2 Baths
    • 764 Sq Ft
    • 1500 Ocean Bay Dr
    • Unit B8
    • Key Largo, FL

    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

    Jorge Ruiz Xcellence Realty Independent, Inc.

    Section Image
  • 1500 Ocean Bay Dr Unit S3, Key Largo, FL 33037

    $825,000

    • 3 Beds
    • 3 Baths
    • 925 Sq Ft
    • 1500 Ocean Bay Dr
    • Unit S3
    • Key Largo, FL

    Large 3/3 townhome at popular Kawama Yacht Club in the heart of Key Largo! Rare opportunity to own a 3 level townhome with FANTASTIC RENTAL HISTORY in Key Largo. Solid concrete construction with metal roofs and impact windows & doors. Perfect floor plan for entertaining - the lower level has a bedroom, full bath & rec room/ den; on the second floor there's full bath, open kitchen & living area

    Lorie Leal American Caribbean Real Estate, Christie's International Real Estate

    Section Image
  • 9860 Leeward Ave, Key Largo, FL 33037

    $754,900

    • 2 Beds
    • 2 Baths
    • 1,029 Sq Ft
    • 9860 Leeward Ave
    • Key Largo, FL

    Experience breathtaking sunsets from this fully remodeled 2-bedroom, 2-bathroom condo in the gated Landings of Largo, community. Every detail has been thoughtfully updated, featuring a modern coastal kitchen, stylish bathrooms, and an open, light-filled layout that leads to a spacious balcony perfect for soaking in the views. Enjoy top-tier amenities, including a private boat ramp, pool, gym,

    Alexander Pinero Pine River Realty, LLC

    Section Image
  • 97652 Overseas Hwy Unit 10, Key Largo, FL 33037

    $650,000

    • 2 Beds
    • 2 Baths
    • 1,130 Sq Ft
    • 97652 Overseas Hwy
    • Unit 10
    • Key Largo, FL

    Seller says SELL, SELL, SELL! PRICE REDUCED $130,000! Spotless home - Mrs. Clean lives here. From the time you enter through the smoked glass impact door (all doors are impact), you experience the calming setting of tranquil blue bay waters and 14 acres of woodland wonder. Two bedrooms, two full tiled baths, newly remodeled kitchen with granite counters, stainless steel appliances all

    Judy O'Hara Tropical America Realty Florida Keys, Inc.

    Section Image
  • 97501 Overseas Hwy Unit 705, Key Largo, FL 33037

    $895,000

    • 3 Beds
    • 3.5 Baths
    • 2,260 Sq Ft
    • 97501 Overseas Hwy
    • Unit 705
    • Key Largo, FL

    Exactly what you're looking for! A Florida Keys vacation home where you can make happy memories with family & friends AND earn income when you can't be there. Resort-style living awaits you & your guests at Mariners Club, an ocean-front gated community in the heart of Key Largo. Two beautiful pools, deep water marina, beach, tennis, indoor and outdoor pickle ball, gym and a club house add up to

    Christy Hughes Coldwell Banker Schmitt Islamorada

    Section Image
  • 97501 Overseas Hwy Unit 711, Key Largo, FL 33037

    $889,900

    • 3 Beds
    • 3.5 Baths
    • 2,124 Sq Ft
    • 97501 Overseas Hwy
    • Unit 711
    • Key Largo, FL

    Rare find! FIRST FLOOR & TOP FLOOR ENSUITE! N/S ExposureMotivated and many upgrades; new AC on ground level with laundry room and lots of parking! Bring your offer; family & friends today. Paradise is calling and opportunity is knocking for a great & beautiful 'find!'Luxury Oceanfront Investment Opportunity - Mariners Club, Key Largo - Furnished/Turn Key! Indoor Pickle Ball! 2 Heated Pools & Hot

    Iris Marie McDonald Illustrated Properties, LLC

    Section Image
  • 97501 Overseas Hwy Unit 206, Key Largo, FL 33037

    $848,000

    • 3 Beds
    • 3 Baths
    • 1,754 Sq Ft
    • 97501 Overseas Hwy
    • Unit 206
    • Key Largo, FL

    Fully Furnished 3 Bed, 3 Bath, 3 Story, Triple Screened Balcony/Porch Townhome 1 Car Garage in Oceanfront Resort Community, Mariner's Club! Ground Patio has access to garage. 24/7 sec, access to protected deep water OCEANFRONT MARINA/Dock master (slips/dry boat stge rentals subj to avail via HOA), 2 pools/hot tubs overlooking the marina and ocean views, fishing pier, sandy picnic area,

    Brenda Aldana Real Estate of Florida Broward

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $740,000 Omega National Title Insurance
Warranty Deed $420,000 Cla Title & Escrow
Warranty Deed $189,000 Sunshine Title Of Keys Inc
Special Warranty Deed $122,800 Landsafe Title Of Fl Inc
Trustee Deed -- None Available
Trustee Deed -- None Available
Warranty Deed $110,000 --
Warranty Deed $90,000 --
Deed $42,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $518,000 New Conventional
Previous Owner $315,000 New Conventional
Previous Owner $141,750 New Conventional
Previous Owner $50,000 Credit Line Revolving
Previous Owner $336,000 Unknown
Previous Owner $60,000 Credit Line Revolving
Previous Owner $187,000 Unknown
Previous Owner $25,000 Credit Line Revolving
Previous Owner $88,000 New Conventional
Previous Owner $70,000 Balloon
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2024 07/08/24 Sold $740,000 -9.6% $966 / Sq Ft
06/27/2024 06/27/24 Pending -- -- --
04/30/2024 04/30/24 Price Changed $819,000 -1.2% $1,069 / Sq Ft
04/18/2024 04/18/24 Price Changed $829,000 -0.6% $1,082 / Sq Ft
03/25/2024 03/25/24 Price Changed $833,900 -1.8% $1,089 / Sq Ft
03/19/2024 03/19/24 For Sale $849,000 +349.2% $1,108 / Sq Ft
04/09/2014 04/09/14 Sold $189,000 0.0% $247 / Sq Ft
02/10/2014 02/10/14 Pending -- -- --
12/11/2013 12/11/13 For Sale $189,000 -- $247 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $4,010 $487,790 -- $487,790
2023 $4,010 $470,555 $0 $470,555
2022 $3,406 $363,255 $0 $363,255
2021 $2,617 $262,425 $0 $262,425
2020 $2,376 $217,640 $0 $217,640
2019 $2,337 $212,637 $0 $212,637
2018 $2,390 $215,092 $0 $0
2017 $2,355 $217,313 $0 $0
2016 $2,229 $189,265 $0 $0
2015 $2,277 $189,265 $0 $0
2014 $1,786 $131,542 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11553113

MIAMI REALTORS® MLS

APN: 00090491-000506