NOT LISTED FOR SALE

1501 Ocean Bay Dr Key Largo, FL 33037

Estimated Value: $1,296,000 - $1,848,000

3 Beds
2.5 Baths
1,937 Sq Ft
$793/Sq Ft Est. Value

Last Sold October 26, 2018

Last sale price $1,030,000 $532 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $10,509/month

53 Days on Market

Highlights

  • Ocean Front
  • Boat Ramp
  • Deeded Boat Dock
  • Coral Shores High School Rated A
  • Up to 40-Foot Boat
  • 1-minute walk to Schwingggg

About This Home

As of October 2018

Spectacular breathtaking views from this ocean front home will be yours in this pristine free-standing residence within the Key Largo Yacht Club. Included,is protected dock-age within the marina and a deeded boat slip with boat elevator, directly out of your back door! An entertainer's delight, this home boasts an open concept living and dining area, expansive sliding glass doors facing the ocean & generous outdoor living/decks on all levels. 3 bedrooms and 2.5 baths plus a custom master loft on the mezzanine level w/ over-sized windows.

Last Agent to Sell the Property

Sally Stribling

Coldwell Banker Schmitt R.E. License #3159204 Listed on: 07/28/2018

Coldwell Banker Schmitt R.E.

Last Buyer's Agent

Sally Stribling

Coldwell Banker Schmitt R.E. License #3159204 Listed on: 07/28/2018

Coldwell Banker Schmitt R.E.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,898

Year Built

  • Built in 1997 | Newly Remodeled

Lot Details

  • 60 Ft Wide Lot
  • Ocean Front
  • West Facing Home
  • Property is zoned SR

HOA Fees

  • $2,100 Monthly HOA Fees

Parking

  • 1 Car Garage
  • 3 Attached Carport Spaces
  • Automatic Garage Door Opener
  • Guest Parking

Home Design

  • Metal Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,937 Sq Ft Home
  • Ceiling Fan
  • Great Room
  • Combination Dining and Living Room
  • Loft
  • Workshop
  • Tile Flooring
  • Direct Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary Bedroom Upstairs
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • No Fixed Bridges
  • Boat Lift
  • Up to 40-Foot Boat
  • Deeded Boat Dock
  • Tennis Courts
  • Balcony

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 00090401-000303

Community Details

Overview

  • Club Membership Required
  • Key Largo Yacht Club Subdivision
  • Mandatory home owners association
  • Maintained Community

Amenities

  • Clubhouse
  • Bar or Lounge

Recreation

  • Boat Ramp
  • Community Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,898

Year Built

Built in 1997 | Newly Remodeled

Lot Details

0

HOA Fees

$2,100 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1997
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Three Or More Stories, Multi Level
  • Carport Y N: Yes
  • Directions: At MM 99.5 turn at traffic light towards ocean on Atlantic Blvd. turn right onto Homestead Ave and the left onto Ocean Bay Drive. Follow Ocean Bay drive to end Key Largo Yacht Club entrance on left
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Boatlift,Community Boat Ramp,Unrestricted Salt Water Access, Community Ramp,Dock Owned/Included,Lift,UP to 40 Ft Boat
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: KEY LARGO YACHT CLUB
  • Year Built Details: New Construction
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Split Bedroom, Walk-In Closet(s), Great Room, Loft, Workshop
  • Spa Yn: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 1937
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Secondary
  • Window Features: Hurricane Shutters
  • Bedroom Features: Sitting Area - Primary Bedroom, Primary Bedroom Upstairs
  • Dining Room Features: Dining/Living Room
  • Living Room Features: Great Room, Loft, Workshop

Exterior Features

  • Roof: Metal Roof
  • View: Ocean, Direct Ocean
  • Exterior Features: Open Balcony, Tennis Court(s)
  • Construction Type: CBS Construction
  • Direction Faces: West
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Open Balcony
  • Pool Features: In Ground
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront Features: Ocean Access, No Fixed Bridges, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: KEY LARGO YACHT CLUB
  • Carport Spaces: 3
  • Covered Parking Spaces: 4
  • Garage Spaces: 1
  • Parking Features: Attached Carport, Covered, Guest, Other

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Security: Smoke Detector

Condo/Co-op/Association

  • Association Fee: 2100
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Community Features: Bar, Gated, Clubhouse, Maintained Community, Mandatory Hoa, Paved Road, Pool
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 00090401-000303
  • Zoning: SR
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 4898

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 21, 2023
Sold by
Christian Lance Dames and Tremblay Laurel Jean
Bought by
Fuentes Karel and Fuentes Janessa
Total Days on Market
53
Current Estimated Value
$1,536,360

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$788,000
Outstanding Balance
$773,464
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$675,396

Purchase Details

Closed on
Dec 6, 2021
Sold by
Christian Allen L and Christian Margaret A
Bought by
Chrisitian Lance Dames and Tremblay Laurel Jean

Purchase Details

Closed on
Apr 27, 2009
Sold by
Christian Allen L and Christian Margaret A
Bought by
Childs David and Childs Therese

Purchase Details

Closed on
Mar 3, 1997
Sold by
Cyma Development Company
Bought by
Christian Allen L and Christian Margaret A

Purchase Details

Closed on
Nov 19, 1996
Sold by
Cyma Development Company
Bought by
Christian Allen L and Christian Margaret A
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
Fuentes Karel $985,000 None Listed On Document
Chrisitian Lance Dames -- Hershoff Lupino & Yagel Llp
Childs David $10,000 Century Title Corporation
Christian Allen L $5,000 --
Christian Allen L $262,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fuentes Karel $788,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2018 10/26/18 Sold $1,030,000 -10.4% $532 / Sq Ft
07/28/2018 07/28/18 For Sale $1,149,900 -- $594 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $3,055 $996,196 -- $996,196
2023 $3,055 $350,962 $0 $0
2022 $2,925 $340,740 $0 $0
2021 $2,959 $330,816 $0 $330,816
2020 $2,938 $326,249 $0 $326,249
2019 $2,881 $318,914 $0 $318,914
2018 $2,873 $312,968 $0 $0
2017 $2,811 $306,531 $0 $0
2016 $2,844 $300,227 $0 $0
2015 $2,883 $298,140 $0 $0
2014 $2,937 $295,774 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sally Stribling

    Seller's Agent in 2018

    Sally Stribling

    Coldwell Banker Schmitt R.E.

    (305) 283-2002

    221 Total Sales

    Sally Stribling
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10511688

MIAMI REALTORS® MLS

APN: 00090401-000111

Florida Monroe County Key Largo 33037

1501 Ocean Bay Dr, Key Largo, FL

This home is located at 1501 Ocean Bay Dr, Key Largo, FL 33037 since 28 July 2018 and is currently estimated at $1,536,360, approximately $793 per square foot. This property was built in 1997. 1501 Ocean Bay Dr 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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