1500 Ocean Bay Dr Unit S3 Key Largo, FL 33037
3
Beds
3
Baths
925
Sq Ft
$925/mo
HOA Fee
Highlights
- Ocean Front
- Boat Ramp
- Gated with Attendant
- Coral Shores High School Rated A
- Beach
- 1-minute walk to Schwingggg
About This Home
As of June 2025Large 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 along with two patios - one open & one screened; and the top floor includes two more bedrooms and a full bath along with another screened patio. The beautiful & private Kawama Yacht Club offers several heated pools, saltwater swimming lagoons, oceanfront sandy beaches, jetty with gazebo, boat ramp, on site boat storage, tennis, playground, multiple picnic areas and access to a deep water harbor. This gated community is professionally managed and has 24 hour manned security. Short term rentals allowed - this townhome is fully furnished and in an active rental program. You can live here full time, seasonally or use when you like and rent while you're away! Centrally located to all Key Largo has to offer including the famous Key Largo Fisheries, bars, restaurants, shopping, diving, fishing and more. Close to everything but US1!
Last Agent to Sell the Property
American Caribbean Real Estate, Christie's International Real Estate License #0703307 Listed on: 04/09/2025
Last Buyer's Agent
outside mls - FKBR
Outside Of MLS - FKBR
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $4,791
Year Built
- Built in 1983
Lot Details
- Ocean Front
HOA Fees
- $925 Monthly HOA Fees
Home Design
- Metal Roof
- Pre-Cast Concrete Construction
Interior Spaces
- 925 Sq Ft Home
- 3-Story Property
- Furnished
- Bar
- Blinds
- Tile Flooring
Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
Parking
- Electric Gate
- Guest Parking
- Open Parking
Outdoor Features
- Heated In Ground Pool
- Boat Ramp
Utilities
- Central Heating and Cooling System
- Public Hookup Available For Sewer
Listing and Financial Details
- Minimum Rental Period: 3
- Assessor Parcel Number 00090493-005500
Community Details
Overview
- $340 Maintenance Fee
- Association fees include cable, security, common area mnt, building insurance, bldg exterior mnt, exterminating
- Kawama Subdivision
- Rental Restrictions
Recreation
- Boat Ramp
- Beach
- Tennis Courts
- Community Pool
Pet Policy
- Pet Restriction: YES
Security
- Gated with Attendant
- Impact Glass
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 9, 2025
Closed on
Jun 4, 2025
Sold by
White Terrence and White Laura
Bought by
Jackson William
Seller's Agent
Lorie Leal
American Caribbean Real Estate, Christie's International Real Estate
Buyer's Agent
outside mls - FKBR
Outside Of MLS - FKBR
List Price
$825,000
Sold Price
$800,000
Premium/Discount to List
-$25,000
-3.03%
Views
10
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-33.08%
Original Mortgage
$560,000
Outstanding Balance
$560,000
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$220,951
Purchase Details
Listed on
Jul 26, 2021
Closed on
Sep 29, 2021
Sold by
Sloop Paul and Sloop Judith
Bought by
White Terrence and White Laura
Seller's Agent
Howard & Lily Leitner
Robert Slack LLC
Buyer's Agent
Lorie Leal
American Caribbean Real Estate, Christie's International Real Estate
List Price
$570,000
Sold Price
$555,000
Premium/Discount to List
-$15,000
-2.63%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.45%
Original Mortgage
$365,000
Interest Rate
2.5%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 29, 2020
Closed on
Mar 26, 2020
Sold by
Vazquez Joseph F and Johnston Vazquez Mary
Bought by
Sloop Paul and Sloop Judith
Seller's Agent
Wendy Ives
RE/MAX All Keys Real Estate
Buyer's Agent
Howard Leitner
Florida Keys International Realty
List Price
$396,500
Sold Price
$350,000
Premium/Discount to List
-$46,500
-11.73%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.98%
Original Mortgage
$306,000
Interest Rate
3.4%
Purchase Details
Closed on
Dec 28, 2005
Sold by
Vazquez Joseph F and Johnston Vazquez Mary
Bought by
Vazquez Joseph F and Johnston Vazquez Mary
Purchase Details
Closed on
Jul 9, 2001
Sold by
Luis J Ramirez I
Bought by
Vazquez Joseph F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
7.17%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 1, 1989
Bought by
Vazquez Joseph F
Purchase Details
Closed on
Apr 1, 1987
Bought by
Vazquez Joseph F
Purchase Details
Closed on
Jan 1, 1985
Bought by
Vazquez Joseph F
Purchase Details
Closed on
Apr 1, 1983
Bought by
Vazquez Joseph F
Similar Homes in Key Largo, FL
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $800,000 | Advance Partners Title | |
| Warranty Deed | $555,000 | Sunshine Title Of Keys Inc | |
| Warranty Deed | $350,000 | Attorney | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $160,000 | -- | |
| Warranty Deed | $75,000 | -- | |
| Quit Claim Deed | $120,000 | -- | |
| Warranty Deed | $100,000 | -- | |
| Warranty Deed | $100,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $560,000 | New Conventional | |
| Previous Owner | $365,000 | New Conventional | |
| Previous Owner | $306,000 | No Value Available | |
| Previous Owner | $306,000 | New Conventional | |
| Previous Owner | $155,104 | New Conventional | |
| Previous Owner | $165,000 | Unknown | |
| Previous Owner | $50,000 | Credit Line Revolving | |
| Previous Owner | $145,000 | New Conventional | |
| Previous Owner | $121,500 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/04/2025 06/04/25 | Sold | $800,000 | -3.0% | $865 / Sq Ft |
| 04/09/2025 04/09/25 | For Sale | $825,000 | +48.6% | $892 / Sq Ft |
| 09/29/2021 09/29/21 | Sold | $555,000 | -2.6% | $600 / Sq Ft |
| 09/13/2021 09/13/21 | Pending | -- | -- | -- |
| 07/26/2021 07/26/21 | For Sale | $570,000 | +62.9% | $616 / Sq Ft |
| 03/31/2020 03/31/20 | Sold | $350,000 | -11.7% | $378 / Sq Ft |
| 01/29/2020 01/29/20 | For Sale | $396,500 | -- | $429 / 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 | $4,569 | $538,204 | -- | $538,204 |
| 2023 | $4,569 | $518,062 | $0 | $518,062 |
| 2022 | $4,141 | $482,813 | $0 | $482,813 |
| 2021 | $2,752 | $288,229 | $0 | $288,229 |
| 2020 | $1,196 | $136,368 | $0 | $136,368 |
| 2019 | $1,167 | $133,303 | $0 | $133,303 |
| 2018 | $1,153 | $130,818 | $0 | $0 |
| 2017 | $1,122 | $128,128 | $0 | $0 |
| 2016 | $1,126 | $125,493 | $0 | $0 |
| 2015 | $1,148 | $124,621 | $0 | $0 |
| 2014 | $1,160 | $123,632 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Lorie Leal
Seller's Agent in 2025
Lorie Leal
American Caribbean Real Estate, Christie's International Real Estate
(305) 942-6044
164 Total Sales
-
o
Buyer's Agent in 2025
outside mls - FKBR
Outside Of MLS - FKBR
-
Howard & Lily Leitner
Seller's Agent in 2021
Howard & Lily Leitner
Robert Slack LLC
(305) 890-3235
82 Total Sales
-
Wendy Ives
W
Seller's Agent in 2020
Wendy Ives
RE/MAX
(305) 394-1376
48 Total Sales
-
Diane Loveland
D
Seller Co-Listing Agent in 2020
Diane Loveland
RE/MAX
(305) 923-1333
2 Total Sales
-
H
Buyer's Agent in 2020
Howard Leitner
Florida Keys International Realty
Map
Source: Florida Keys Board of REALTORS®
MLS Number: 614569
APN: 00090493-005500
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