NOT LISTED FOR SALE

1501 Ocean Bay Dr Unit C8 Key Largo, FL 33037

Estimated Value: $1,326,026 - $2,196,000

3 Beds
2 Baths
2,261 Sq Ft
$766/Sq Ft Est. Value

Last Sold May 20, 2022

Last sale price $1,220,000 $540 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $11,299/month

36 Days on Market

Highlights

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

About This Home

As of May 2022

Feel the Ocean Breeze from every space of this beautifully appointed and renovated 3 Story 3 bedroom, 2 bath waterfront townhome in seldom available Key Largo Yacht Club community! Complete with a deeded 30' boat slip with 14,000 lbs boat lift in protected Marina. Enjoy the Florida Keys lifestyle with direct access to the Atlantic Ocean and serene views of the water and landcaped grounds! This wonderful unit features: Impact windows and French Doors thruoughout, each sunlit bedroom offers a private balcony, updated baths, new laundry area on third floor adjacent to grand main bedroom suite. Updated wood and granite kitchen with SS appliances. Florida room on first floor plus built ins, Closets galore offering lots of storage & Double Car garage! Relax by the community's many amenities such as heated pool and jacuzzi with gazebo, 4 oceanfront tiki huts, fish station, trailer parking, boat ramp; Tennis, basketball, a gated playground and much more! Boaters will enjoy direct access to popular Molasses Reef, John Pennekamp and Adams Cut for bayside access. Make this private piece of heaven yours!

Last Agent to Sell the Property

Ana Maria Alexander

Compass FLORIDA License #462489 Listed on: 03/03/2022

Compass FLORIDA

Last Buyer's Agent

Carlos Lorenzo

American Caribbean Real Estate, Christie's International Real Estate License #634298

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,925

Year Built

  • Built in 1997 | Remodeled

Lot Details

  • Ocean Front
  • Home fronts a canal
  • Privacy Fence

HOA Fees

  • $1,440 Monthly HOA Fees

Property Views

  • Ocean
  • Harbor

Home Design

  • Metal Roof

Interior Spaces

  • 2,261 Sq Ft Home
  • 3-Story Property
  • Partially Furnished
  • Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • French Doors
  • Entrance Foyer
  • Storage

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Quartz Countertops
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener
  • Electric Gate
  • Guest Parking
  • Open Parking

Eco-Friendly Details

  • ENERGY STAR/CFL/LED Lights

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Boat Lift
  • Boat Ramp
  • Boat Slip
  • Assigned Dock
  • Balcony
  • Patio
  • Exterior Lighting
  • Gazebo
  • Tiki or Chickee Hut

Utilities

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

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 30
  • Assessor Parcel Number 00090401-000120

Community Details

Overview

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

Recreation

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

Pet Policy

  • Pets Allowed

Security

  • Complete Accordion Shutters
  • Impact Glass
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,925

Year Built

Built in 1997 | Remodeled

Lot Details

0

HOA Fees

$1,440 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: Yes
  • Association Fee: 1439.92
  • Mandatory HOA: Yes
  • Control Depth: 4
  • Dockage Dock Length: 30
  • Document Count: 4
  • Fee Includes: Bldg Exterior Mnt, Security, Common Area Mnt, Building Insurance
  • Handicap Access: No
  • Key Island: Key Largo
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 100.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool, Spa, Tennis Courts, Community Boat Ramp
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 3925.06
  • Title: Title Ins - Buyer
  • Vehicle Storage: Garage, Trailer Storage, Guest Parking, Open Parking, Auto Door Opener, Attached
  • Vehicle Storage Cars: 2
  • Year Built: 1997
  • Alternate Key Number: 8861311
  • Building Style: Townhouse
  • Cooling Heating: Central Air, Heat, Ceiling Fans(s)
  • Pool Info: In Ground, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Patio
  • Association Maintenance Fee Per: Monthly
  • Association Info Condo Docs: Yes
  • Shutters: Accordion, Roll Down Manual
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Building Style Stories: 3 Stories
  • Estimated Living Sq Ft: 2261.00
  • Pre Wired: Cable
  • Financial Status Standard Sale: Yes
  • G F Interior Features: LED Lighting
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Unit Complex: Unit
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 3

Interior Features

  • Interior Amenities: Cathedral Ceilings, Built-in Cabinets, Quartz Countertops, Window Treatments, Walk-in Closet(s), Storage, Smoke Alarms, Granite Counter Top, Entrance Foyer, Pantry
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Wood
  • Specialty Rooms: Other
  • Windows/Doors: French Doors, Impact Rstnce Window, Impact Rstnce Doors
  • Appliances Other: Xtra SS Refrigerator
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Assigned Dock, Boat Slip, Boat Ramp, Boat Lift
  • Waterfront: Oceanfront, Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Bar, Tennis Court(s), Privacy Wall/Fence, Outdoor Shower, Lighting, Hot Tub, Gazebo, Chickee Hut
  • Roof: Metal Roof
  • Waterview: Ocean View, Harbor/Marina View, Open Water View
  • Pool: Yes

Utilities

  • Security: Electric Gate
  • Utilities: FKAA, Water Separate Meter, Cable Available, Elect Separate Meter, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE,AE,VE,VE,VE
  • Parcel Number: 00090401-000120
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Partially

Tax Info

  • Tax Year: 2021

Multi Family

  • Total Units: 24.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 15, 2024
Sold by
Lievano Guillermo A and Lievano Zuleika
Bought by
Acc Residential Investments Llc
Current Estimated Value
$1,731,757

Purchase Details

Listed on
Mar 3, 2022
Closed on
May 19, 2022
Sold by
Scott and Donna
Bought by
Lievano Guillermo A and Lievano Zuleika
Seller's Agent
Ana Maria Alexander
Compass FLORIDA
Buyer's Agent
Carlos Lorenzo
American Caribbean Real Estate, Christie's International Real Estate
List Price
$1,298,000
Sold Price
$1,220,000
Premium/Discount to List
-$78,000
-6.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.92%
Original Mortgage
$637,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 4, 2015
Closed on
Jun 30, 2017
Sold by
Misson Patrick and Misson Dannealle
Bought by
Scott Dennis J and Scott Donna M
Seller's Agent
Sally Stribling
Coldwell Banker Schmitt Key Largo
Buyer's Agent
Lian Averhoff
Broker's Edge Realty, Inc.
List Price
$719,000
Sold Price
$674,000
Premium/Discount to List
-$45,000
-6.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.90%
Original Mortgage
$471,800
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2013
Sold by
Misson Patrick and Misson Dannealle
Bought by
Misson Patrick Irwin and Misson Dannealle Lynne

Purchase Details

Closed on
Jun 24, 2011
Sold by
Reynolds Jacqueline A
Bought by
Misson Patrick and Misson Dannealle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 1999
Sold by
Dickey Paul A
Bought by
Reynolds Jacqueline A

Purchase Details

Closed on
Jul 1, 1995
Bought by
Misson Patrick Irwin And Dannealle L Rev Liv
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
Acc Residential Investments Llc $600,000 None Listed On Document
Lievano Guillermo A $1,220,000 New Title Company Name
Scott Dennis J -- None Available
Misson Patrick $674,000 Attorney
Misson Patrick Irwin -- Attorney
Misson Patrick $549,000 None Available
Reynolds Jacqueline A $280,000 --
Misson Patrick Irwin And Dannealle L Rev Liv $245,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lievano Guillermo A $637,000
Previous Owner Scott Dennis J $471,800
Previous Owner Misson Patrick $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2022 05/20/22 Sold $1,220,000 -6.0% $540 / Sq Ft
04/08/2022 04/08/22 Pending -- -- --
03/03/2022 03/03/22 For Sale $1,298,000 +92.6% $574 / Sq Ft
06/30/2017 06/30/17 Sold $674,000 -6.3% $229 / Sq Ft
06/01/2017 06/01/17 Pending -- -- --
11/04/2015 11/04/15 For Sale $719,000 -- $244 / 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 $8,140 $967,979 -- $967,979
2023 $8,140 $967,979 $0 $967,979
2022 $3,864 $486,918 $0 $0
2021 $3,925 $472,736 $0 $472,736
2020 $4,269 $472,736 $0 $472,736
2019 $4,698 $524,991 $0 $524,991
2018 $4,779 $524,991 $0 $0
2017 $4,686 $533,415 $0 $0
2016 $4,346 $457,624 $0 $0
2015 $4,425 $457,624 $0 $0
2014 $4,537 $457,624 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ana Maria Alexander

    Seller's Agent in 2022

    Ana Maria Alexander

    Compass FLORIDA

    (305) 799-6637

    2 in this area

    72 Total Sales

    Ana Maria Alexander
    Section Image
  • Carlos Lorenzo

    Buyer's Agent in 2022

    Carlos Lorenzo

    American Caribbean Real Estate, Christie's International Real Estate

    (954) 450-2000

    87 in this area

    139 Total Sales

    Carlos Lorenzo
    Section Image
  • Shelby Morris

    Buyer Co-Listing Agent in 2022

    Shelby Morris

    American Caribbean Real Estate, Christie's International Real Estate

    (305) 393-3686

    56 in this area

    101 Total Sales

    Shelby Morris
    Section Image
  • Sally Stribling

    Seller's Agent in 2017

    Sally Stribling

    Coldwell Banker Schmitt Key Largo

    (305) 283-2002

    138 in this area

    195 Total Sales

    Sally Stribling
    Section Image

  • L

    Buyer's Agent in 2017

    Lian Averhoff

    Broker's Edge Realty, Inc.

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 599934

Florida Keys Board of REALTORS®

APN: 00090401-000120

Florida Monroe County Key Largo 33037

1501 Ocean Bay Dr Unit C8, Key Largo, FL

This home is located at 1501 Ocean Bay Dr Unit C8, Key Largo, FL 33037 since 03 March 2022 and is currently estimated at $1,731,757, approximately $765 per square foot. This property was built in 1997. 1501 Ocean Bay Dr Unit C8 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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