1500 Ocean Bay Dr Unit F2 Key Largo, FL 33037
2
Beds
2
Baths
918
Sq Ft
$396/mo
HOA Fee
Highlights
- Lake Front
- Boat Ramp
- Sandy Beach
- Coral Shores High School Rated A
- Beach
- 1-minute walk to Schwingggg
About This Home
As of May 2025A Rare Key Largo Gem - A Lucrative Investment & Coastal Escape!THIS BUSINESS IS BEING SOLD WITH OVER ONE HUNDRED 5 STAR REVIEWS THAT WILL BE TRANSFERED TO NEW BUYER ENSURING IMMEDIATE RENTALL SUCCESSDiscover a one-of-a-kind opportunity at Kawama Yacht Club, one of the few communities in Key Largo that allows daily rentals, making it a highly profitable investment or the ultimate weekend retreat!This stunning townhouse has been professionally designed by an interior designer and boasts all five-star reviews from satisfied guests. Every detail has been thoughtfully curated to provide an elevated living experience, combining modern elegance with coastal charm.Located in a gated waterfront community, this home offers resort-style amenities, private beach access, pools, and breathtaking ocean views. Whether you're looking for an income-generating vacation rental or a personal retreat in paradise, this property is a rare find that checks all the boxes.Don't miss this incredible opportunity--schedule your private showing today!
Last Agent to Sell the Property
Pedrin of Miami Realty, Inc. License #3311963 Listed on: 03/11/2025
Last Buyer's Agent
Pedrin of Miami Realty, Inc. License #3311963 Listed on: 03/11/2025
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $3,813
Year Built
- Built in 1975 | Remodeled
Lot Details
- 918 Sq Ft Lot
- Lake Front
- Sandy Beach
- Sprinkler System
HOA Fees
- $396 Monthly HOA Fees
Parking
- Open Parking
Home Design
- Metal Roof
Interior Spaces
- 918 Sq Ft Home
- Furnished
- Ceiling Fan
- Blinds
- Sliding Doors
- Vinyl Flooring
- Lake Views
- Monitored
Kitchen
- Oven
- Range
- Microwave
- Wine Cooler
- Stainless Steel Appliances
- Quartz Countertops
- Built-In or Custom Kitchen Cabinets
Bedrooms and Bathrooms
- 2 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
- Dual Flush Toilets
Laundry
- Dryer
- Washer
Outdoor Features
- In Ground Pool
- Boat Ramp
- Screened Balcony
- Outdoor Kitchen
- Exterior Lighting
- Gazebo
- Tiki or Chickee Hut
- Attached Grill
Utilities
- Central Heating and Cooling System
- Programmable Thermostat
- Public Hookup Available For Sewer
- Community Sewer or Septic
- Cable TV Available
Listing and Financial Details
- Minimum Rental Period: 1
- Assessor Parcel Number 00090491-000602
Community Details
Overview
- $771 Maintenance Fee
- Association fees include cable, security, common area mnt, building insurance, bldg exterior mnt
- Kawama Yacht Club Subdivision
Recreation
- Boat Ramp
- Boat Dock
- Beach
- Tennis Courts
- Community Pool
- Bike Trail
Pet Policy
- Pet Restriction: YES
Security
- Gated with Attendant
- Complete Accordion Shutters
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 11, 2025
Closed on
Apr 30, 2025
Sold by
Devera Arturo and Devera Maria Elena
Bought by
Castillo Laura Perez and Castillo Henry
Seller's Agent
Diana Valbuena
Pedrin of Miami Realty, Inc.
Buyer's Agent
Diana Valbuena
Pedrin of Miami Realty, Inc.
List Price
$859,900
Sold Price
$800,000
Premium/Discount to List
-$59,900
-6.97%
Views
8
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.14%
Original Mortgage
$560,000
Outstanding Balance
$560,000
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$247,365
Purchase Details
Listed on
May 11, 2016
Closed on
Jul 12, 2016
Sold by
Kasper Andrew T and Kasper Ronald F
Bought by
Devera Arturo and Vera Maria Elena
Seller's Agent
Jaclyn Kelley, Broker
Better Homes and Gardens Real Estate Destinations
Buyer's Agent
Diana Valbuena
Pedrin of Miami Realty, Inc.
List Price
$260,000
Sold Price
$255,000
Premium/Discount to List
-$5,000
-1.92%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.74%
Purchase Details
Closed on
Apr 8, 2011
Sold by
Padron Carlos F and Padron Iraida E
Bought by
Kasper Andrew T and Kasper Ronald F
Purchase Details
Closed on
Sep 1, 1982
Bought by
Devera Arturo and Devera Maria Elena
Purchase Details
Closed on
Aug 1, 1979
Bought by
Devera Arturo and Devera Maria Elena
Similar Homes in Key Largo, FL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $800,000 | None Listed On Document | |
| Warranty Deed | $800,000 | None Listed On Document | |
| Warranty Deed | $255,000 | Qualified Title Services Llc | |
| Warranty Deed | $141,500 | Attorney | |
| Warranty Deed | $82,000 | -- | |
| Deed | $58,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $560,000 | New Conventional | |
| Closed | $560,000 | New Conventional | |
| Previous Owner | $401,250 | New Conventional | |
| Previous Owner | $231,000 | New Conventional | |
| Previous Owner | $80,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/27/2025 05/27/25 | Sold | $800,000 | -7.0% | $871 / Sq Ft |
| 04/02/2025 04/02/25 | Pending | -- | -- | -- |
| 03/11/2025 03/11/25 | For Sale | $859,900 | +237.2% | $937 / Sq Ft |
| 07/12/2016 07/12/16 | Sold | $255,000 | -1.9% | $278 / Sq Ft |
| 05/16/2016 05/16/16 | Pending | -- | -- | -- |
| 05/11/2016 05/11/16 | For Sale | $260,000 | -- | $283 / Sq Ft |
Source: Florida Keys Board of REALTORS®
Tax History Compared to Growth
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 | $3,546 | $507,701 | -- | $507,701 |
| 2023 | $3,546 | $489,479 | $0 | $489,479 |
| 2022 | $3,009 | $377,257 | $0 | $377,257 |
| 2021 | $2,671 | $270,657 | $0 | $270,657 |
| 2020 | $2,418 | $222,866 | $0 | $222,866 |
| 2019 | $2,375 | $217,207 | $0 | $217,207 |
| 2018 | $2,429 | $219,789 | $0 | $0 |
| 2017 | $2,454 | $223,816 | $0 | $0 |
| 2016 | $2,253 | $203,470 | $0 | $0 |
| 2015 | $2,214 | $203,470 | $0 | $0 |
| 2014 | $2,025 | $158,680 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Diana Valbuena
Seller's Agent in 2025
Diana Valbuena
Pedrin of Miami Realty, Inc.
(305) 721-5775
16 Total Sales
-
Jaclyn Kelley, Broker
J
Seller's Agent in 2016
Jaclyn Kelley, Broker
Better Homes and Gardens Real Estate Destinations
(305) 451-1020
48 Total Sales
Map
Source: Florida Keys Board of REALTORS®
MLS Number: 614123
APN: 00090491-000602
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