NOT LISTED FOR SALE

1501 Ocean Bay Dr Unit C1 Key Largo, FL 33037

Estimated Value: $1,196,000 - $1,958,000

3 Beds
2 Baths
2,261 Sq Ft
$673/Sq Ft Est. Value

Last Sold July 13, 2022

Last sale price $1,287,500 $569 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $10,364/month

Highlights

  • Ocean Front
  • Boat Ramp
  • Heated In Ground Pool
  • Coral Shores High School Rated A
  • Boat Slip
  • 1-minute walk to Schwingggg

About This Home

As of July 2022

Exquisite and rare opportunity to own this 3 bedroom 2 bath townhouse style home in The Key Largo Yacht Club. Brand new all white kitchen with granite counters, new grey-whitewash waterproof wood plank flooring, new bathroom vanities and plumbing fixtures, and freshly painted throughout. Located in central Key Largo, directly on the Atlantic Ocean, with a 30' deeded protected boat slip right out your back door! This is a private serene oceanfront private gated community with only 24 units. Enjoy the Florida Keys luxurious lifestyle from this newly renovated, light and bright Keys home with incredible views of the ocean from all levels. Two bays of covered parking, expansive downstairs recreation area, with glass doors leading directly out to your private deeded boat slip. Plenty of storage! The enormous penthouse level master suite offers a vaulted ceiling, a generous walk in closet, private balcony, and an oversized open air patio. Other amenities include pristine landscaped tropical grounds, on-site trailer storage, boat ramp, fish cleaning station, pool and spa, tennis court , basketball court, playground. This home allows for a luxurious resort lifestyle in the Fabulous Florida Keys. 1 hour to MIA!

Last Agent to Sell the Property

Sally Stribling

Coldwell Banker Schmitt Key Largo License #3159204 Listed on: 06/06/2022

Coldwell Banker Schmitt Key Largo

Last Buyer's Agent

Sally Stribling

Coldwell Banker Schmitt Key Largo License #3159204 Listed on: 06/06/2022

Coldwell Banker Schmitt Key Largo

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,222

Year Built

  • Built in 1997

Lot Details

  • Ocean Front
  • Fenced

HOA Fees

  • $1,561 Monthly HOA Fees

Property Views

  • Ocean
  • Harbor

Interior Spaces

  • 2,261 Sq Ft Home
  • Bar
  • Cathedral Ceiling
  • Blinds
  • Entrance Foyer
  • Storage
  • Tile Flooring

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 2 Parking Spaces
  • Carport

Pool

  • Heated In Ground Pool
  • Spa
  • Pool Deck

Outdoor Features

  • Boat Slip
  • Patio
  • Lanai
  • Exterior Lighting
  • Gazebo
  • Tiki or Chickee Hut
  • Attached Grill

Utilities

  • Central Air
  • Separate Meters
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Assessor Parcel Number 00090401-000113

Community Details

Overview

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

Recreation

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

Pet Policy

  • Pet Restriction: YES

Additional Features

  • Clubhouse
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,222

Year Built

Built in 1997

Lot Details

0

HOA Fees

$1,561 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 1561.00
  • Mandatory HOA: Yes
  • Control Depth: 4
  • Dockage Dock Length: 30
  • Fee Includes: Bldg Exterior Mnt, Security, Sewer, Common Area Mnt, Building Insurance
  • Key Island: Key Largo
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 100.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Clubhouse, Tennis Courts, Spa, Community Pool, Community Boat Ramp
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 4222.24
  • Vehicle Storage: Carport, Covered Parking
  • Vehicle Storage Cars: 2
  • Year Built: 1997
  • Alternate Key Number: 8861231
  • Building Style: Townhouse
  • Cooling Heating: Central Air
  • Pool Info: Decked, In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Patio
  • Association Maintenance Fee Per: Monthly
  • Association Info Condo Docs: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 2261.00
  • Sewer Hook Up: Yes
  • Unit Complex: Unit
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Bar, Walk-in Closet(s), Pantry, Storage, Smoke Alarms, Granite Counter Top, Entrance Foyer, Drapes/Blinds Incl, Cathedral Ceilings, Built-in Cabinets
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Microwave, Refrigerator, Range, Oven, Dryer
  • Floor: Other, Tile
  • Specialty Rooms: Other
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Boat Slip
  • Waterfront: Oceanfront
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Built-in Grill, Tennis Court(s), Fencing, Lighting, Lanai, Hot Tub, Gazebo, Chickee Hut
  • Waterview: Harbor/Marina View, Ocean View
  • Pool: Yes

Utilities

  • Utilities: Elect Separate Meter, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE,AE,VE,VE,VE
  • Parcel Number: 00090401-000113
  • Lot Size: 300x1260
  • Land Size: 5 Less Than 10 Acres
  • Acres: 8.67

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2022
Closed on
Jul 7, 2022
Sold by
Emporia Llc
Bought by
Juan Carlos Santeiro And Danielle Santeiro Re
Seller's Agent
Sally Stribling
Coldwell Banker Schmitt Key Largo
Buyer's Agent
Sally Stribling
Coldwell Banker Schmitt Key Largo
List Price
$1,324,999
Sold Price
$1,287,500
Premium/Discount to List
-$37,499
-2.83%
Total Days on Market
0
Current Estimated Value
$1,521,358

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$233,858
Avg. Annual Appreciation
3.77%
Original Mortgage
$647,000
Outstanding Balance
$623,165
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$809,163

Purchase Details

Listed on
Feb 10, 2022
Closed on
Mar 25, 2022
Sold by
Fuente and Katharine
Bought by
Emporia Llc
Seller's Agent
Sally Stribling
Coldwell Banker Schmitt Key Largo
Buyer's Agent
Sally Stribling
Coldwell Banker Schmitt Key Largo
List Price
$1,195,000
Sold Price
$1,150,000
Premium/Discount to List
-$45,000
-3.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.71%

Purchase Details

Closed on
May 30, 2019
Sold by
First Restatement Of The Raquel Alvarez
Bought by
Fuente Katharine and Fuente George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2019
Sold by
First Restatement Of The Raquel Alvarez and Alvarez Gautney Jacqueline
Bought by
Fuente Katharine and Fuente George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 21, 2016
Sold by
Alvarez Raquel
Bought by
Alvarez Raquel and The First Restatement Of The Raquel Alva

Purchase Details

Closed on
Aug 29, 1995
Sold by
Cyma Dev Co
Bought by
Sauls Stephen and Sauls Rossana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
7.76%

Purchase Details

Closed on
Aug 21, 1995
Sold by
C Y M A Dev Co
Bought by
Alvarez Lino and Alvarez Raquel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
7.76%
Source: Public Records

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Range of Values:

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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
Juan Carlos Santeiro And Danielle Santeiro Re $1,287,500 Thomas H Dougherty Pa
Emporia Llc $1,150,000 Sunshine Title Of The Keys
Fuente Katharine $582,000 New Title Company Name
Fuente Katharine $582,000 New Title Company Name
Alvarez Raquel -- Attorney
Sauls Stephen $252,000 --
Alvarez Lino $255,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Juan Carlos Santeiro And Danielle Santeiro Re $647,000
Previous Owner Fuente Katharine $0
Previous Owner Sauls Stephen $187,500
Previous Owner Alvarez Lino $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2022 07/13/22 Sold $1,287,500 -2.8% $569 / Sq Ft
06/06/2022 06/06/22 Pending -- -- --
06/06/2022 06/06/22 For Sale $1,324,999 +15.2% $586 / Sq Ft
03/25/2022 03/25/22 Sold $1,150,000 -3.8% $509 / Sq Ft
02/26/2022 02/26/22 Pending -- -- --
02/10/2022 02/10/22 For Sale $1,195,000 -- $529 / 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 $8,761 $1,023,945 -- $1,023,945
2023 $8,761 $1,023,945 $0 $1,023,945
2022 $5,390 $830,172 $0 $830,172
2021 $4,222 $446,609 $0 $446,609
2020 $4,246 $446,609 $0 $446,609
2019 $4,632 $493,037 $0 $493,037
2018 $4,711 $493,037 $0 $0
2017 $5,185 $551,118 $0 $0
2016 $4,964 $505,280 $0 $0
2015 $5,054 $505,280 $0 $0
2014 $5,190 $505,280 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sally Stribling

    Seller's Agent in 2022

    Sally Stribling

    Coldwell Banker Schmitt Key Largo

    (305) 283-2002

    221 Total Sales

    Sally Stribling
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 601287

Florida Keys Board of REALTORS®

APN: 00090401-000113

Florida Monroe County Key Largo 33037

1501 Ocean Bay Dr Unit C1, Key Largo, FL

This home is located at 1501 Ocean Bay Dr Unit C1, Key Largo, FL 33037 since 06 June 2022 and is currently estimated at $1,521,358, approximately $672 per square foot. This property was built in 1997. 1501 Ocean Bay Dr Unit C1 is a home located in Monroe County with nearby schools including Key Largo School, Coral Shores High School, and Dolphin Montessori Children's House.

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