NOT LISTED FOR SALE

1501 Ocean Bay Dr Unit 12 Key Largo, FL 33037

3 Beds
3 Baths
2,261 Sq Ft
$1,950/mo HOA Fee

Last Sold March 23, 2023

Last sale price $1,100,000 $487 Per Sq Ft

185 Days on Market

Highlights

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

About This Home

As of March 2023

Key Largo Yacht Club is an exclusive and secluded gated community with only 24 units situated oceanside where privacy abounds. As you enter this rare 3 bedroom 3 bath home through the enclosed two-car garage and secondary living space downstairs, you will find a full bathroom and built-in bar perfect for entertaining guests. French doors lead outside to your outdoor patio space overlooking the marina, ocean andTWO deeded boat slips. One boat slip includes a 10K boat lift with sweeping ocean views.A stately chef's kitchen with an oversized island, granite countertops, stainless steel appliances, porcelain wood-like tiled floors encompass the main living level as well as two guest suites with private terraces sharing a full bathroom in the hallway. The tranquil master suite envelops the entire third floor with views of the ocean, marina and pool. Complete with cathedral ceilings, an oversized terrace and an en-suite spa bathroom with wet bar where you can make your morning coffee and enjoy east ocean breezes. The master bedroom, bathroom and walk-in closet are accessible through each doorway from the third floor. Each floor of this unit can be accessed via an acrylic cylindrical interior elevator lift. Additional offerings include LED lighting throughout, hardwood flooring on all the staircases and impact windows and doors with exception of a few openings on ground level.Community amenities include a heated pool, clubhouse, ocean front tiki huts, covered cabana area, lighted tennis court, putting green, archery and target range, fenced playground, basketball court, on site trailer storage, fish cleaning station and a private boat ramp.

Last Agent to Sell the Property

TEAM Walters Gloria, Rachel and Michae

Ocean Sotheby's International Realty License #662034_1 Listed on: 08/16/2022

Last Buyer's Agent

TEAM Walters Gloria, Rachel and Michae

Ocean Sotheby's International Realty License #662034_1 Listed on: 08/16/2022

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $375

Year Built

  • Built in 1997 | Remodeled

Lot Details

  • Ocean Front
  • Sandy Beach
  • Sprinkler System

HOA Fees

  • $1,950 Monthly HOA Fees

Property Views

  • Ocean
  • Harbor

Home Design

  • Pre-Cast Concrete Construction

Interior Spaces

  • 2,261 Sq Ft Home
  • 3-Story Property
  • Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Entrance Foyer
  • Workshop

Kitchen

  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 3 Car Attached Garage
  • Automatic Garage Door Opener
  • Electric Gate
  • Guest Parking
  • Open Parking
  • Off-Street Parking

Accessible Home Design

  • Accessible Elevator Installed
  • Handicap Accessible

Eco-Friendly Details

  • ENERGY STAR/CFL/LED Lights

Pool

  • Heated In Ground Pool
  • Pool Deck

Outdoor Features

  • Boat Lift
  • Boat Ramp
  • Boat Slip
  • Assigned Dock
  • Dock made with concrete
  • Balcony
  • Deck
  • Patio
  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Public Hookup Available For Sewer
  • Community Sewer or Septic
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Assessor Parcel Number 00090401-000412

Community Details

Overview

  • Association fees include exterminating, security, common area mnt, building insurance, bldg exterior mnt
  • 24 Units
  • Key Largo Yacht Club Subdivision
  • Rental Restrictions

Amenities

  • Clubhouse

Recreation

  • Boat Ramp
  • Boat Dock
  • Beach
  • Tennis Courts
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed
  • Pet Restriction: YES

Security

  • Impact Glass
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$375

Year Built

Built in 1997 | Remodeled

Lot Details

0

HOA Fees

$1,950 per month

Listing Details

  • Property Type: Residential
  • Style: Townhouse
  • Additional Assessor Parcel Number 1: 00090401-000412
  • Additional Assessor Parcel Number 2: 0009040-1000423
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 1950.00
  • Mandatory HOA: Yes
  • Control Depth: 6
  • Dockage Dock: Concrete
  • Fee Includes: Exterminating, Security, Common Area Mnt, Building Insurance, Bldg Exterior Mnt
  • Handicap Access: Yes
  • Key Island: Key Largo
  • Limited Representation: Yes
  • Marathon Neighborhood: N/A
  • Mile Marker: 100.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool, Spa, Beach, Fire Hydrant, Tennis Courts, Clubhouse, Community Boat Ramp, Community Dockage
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 374.85
  • Title: Title Ins - Buyer
  • Vehicle Storage: Garage, Trailer Storage, Off Street Parking, Guest Parking, Open Parking, Auto Door Opener, Attached
  • Vehicle Storage Cars: 3
  • Year Built: 1997
  • Alternate Key Number: 8861460
  • Building Style: Townhouse
  • Cooling Heating: Central Air, Heat, Ceiling Fans(s)
  • Lot Sq Ft: 8.60
  • Pool Info: In Ground, Decked
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Deck, Patio
  • Association Maintenance Fee Per: Monthly
  • Species List: No
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Building Style Stories: 3 Stories
  • Estimated Living Sq Ft: 2261.00
  • Pre Wired: Cable
  • G F Interior Features: LED Lighting
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Unit Complex: Complex
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 3

Interior Features

  • Interior Amenities: Cathedral Ceilings, Bar, Window Treatments, Walk-in Closet(s), Smoke Alarms, Elevator, Granite Counter Top, Built-in Cabinets, Entrance Foyer, Pantry, Split Bedroom
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Ice Machine, Disposal, Microwave, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Wood
  • Specialty Rooms: Laundry Room, Workshop
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 3
  • Accessibility Features: Accessible Elevator Installed
  • Sq Ft Remarks: *Total 3255sf is 687 sf of Balconies- terrace, Garage is 307 Sf Buyer to verify living space is accurate AC space 2261

Exterior Features

  • Dockage: Assigned Dock, Basin, Boat Slip, Boat Ramp, Boat Lift
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS, Concrete
  • Exterior Features: Lighting, Storage, Sprinkler System, Sandy Beach
  • Waterview: Ocean View, Harbor/Marina View, Open Water View
  • Pool: Yes

Utilities

  • Security: Electric Gate
  • Utilities: FKAA, Buyer to Verify, Community Swr Plant
  • Heating: Central

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE,VE,VE,VE
  • Parcel Number: 00090401-000412
  • Lot Size: under 10 acres
  • Land Size: 5 Less Than 10 Acres

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2021

Multi Family

  • Total Units: 24.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2022
Closed on
Mar 23, 2023
Sold by
Schroeders Joint Revocable Trust
Bought by
Hunter Christopher
Seller's Agent
TEAM Walters Gloria, Rachel and Michae
Ocean Sotheby's International Realty
Buyer's Agent
TEAM Walters Gloria, Rachel and Michae
Ocean Sotheby's International Realty
List Price
$1,250,000
Sold Price
$1,100,000
Premium/Discount to List
-$150,000
-12%
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Outstanding Balance
$796,686
Interest Rate
5.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 31, 2014
Sold by
The Jefferson Investments Family Limited
Bought by
Martinez Armando M and Mazza Martinez Tania A

Purchase Details

Closed on
Sep 26, 2013
Bought by
Martinez Armando M

Purchase Details

Closed on
Jul 16, 2013
Bought by
Martinez Armando M

Purchase Details

Closed on
Dec 10, 1999
Bought by
Martinez Armando M

Purchase Details

Closed on
Feb 1, 1997
Bought by
Martinez Armando M
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hunter Christopher $1,100,000 --
Hunter Christopher $1,100,000 None Listed On Document
Martinez Armando M -- None Available
Martinez Armando M $590,000 --
Martinez Armando M $550,000 --
Northey Charles R $550,000 Absolute First Title Llc
Martinez Armando M -- --
Martinez Armando M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hunter Christopher $825,000
Closed Hunter Christopher $825,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2023 03/23/23 Sold $1,100,000 -12.0% $487 / Sq Ft
03/01/2023 03/01/23 For Sale $1,250,000 0.0% $553 / Sq Ft
02/17/2023 02/17/23 Pending -- -- --
02/05/2023 02/05/23 Price Changed $1,250,000 -10.4% $553 / Sq Ft
09/04/2022 09/04/22 Price Changed $1,395,000 -4.1% $617 / Sq Ft
08/16/2022 08/16/22 For Sale $1,455,000 +86.5% $644 / Sq Ft
02/01/2018 02/01/18 Sold $780,000 0.0% $240 / Sq Ft
02/01/2018 02/01/18 Sold $780,000 -5.5% $240 / Sq Ft
01/08/2018 01/08/18 Pending -- -- --
12/28/2017 12/28/17 Price Changed $825,000 -2.4% $253 / Sq Ft
10/11/2017 10/11/17 For Sale $845,000 0.0% $260 / Sq Ft
10/11/2017 10/11/17 For Sale $845,000 -- $260 / 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 $512 $79,500 $79,500 --
2023 $512 $79,500 $79,500 $0
2022 $438 $67,500 $67,500 $0
2021 $375 $46,200 $0 $46,200
2020 $377 $46,200 $0 $46,200
2019 $378 $46,200 $0 $46,200
2018 $283 $46,200 $0 $0
2017 $222 $31,610 $0 $0
2016 $183 $21,144 $0 $0
2015 $186 $21,144 $0 $0
2014 $191 $21,144 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Terry Canto

    Seller's Agent in 2018

    Terry Canto

    American Caribbean Real Estate, Christie's International Real Estate

    (305) 394-3037

    180 in this area

    234 Total Sales

    Terry Canto
    Section Image

  • M

    Seller's Agent in 2018

    Maria Canto

    American Caribbean Real Estate

  • A

    Buyer's Agent in 2018

    Ana Zalesky, P.A.

    Shoreline Properties

  • A

    Buyer's Agent in 2018

    Ana Zalesky

    Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

  • Ana G Zalesky

    Buyer's Agent in 2018

    Ana G Zalesky

    Coldwell Banker Schmitt Key Largo

    (305) 394-1404

    40 in this area

    62 Total Sales

    Ana G Zalesky
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 602212

Florida Keys Board of REALTORS®

APN: 00090401-000412

Florida Monroe County Key Largo 33037

1501 Ocean Bay Dr Unit 12, Key Largo, FL

This home is located at 1501 Ocean Bay Dr Unit 12, Key Largo, FL 33037 since 16 August 2022. This property was built in 1997. 1501 Ocean Bay Dr Unit 12 is a home located in Monroe County with nearby schools including Key Largo School, Coral Shores High School, and Dolphin Montessori Children's House.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Keys Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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