$465,000
SOLD JUN 1, 2015

1530 Ocean Bay Dr Unit 509 Key Largo, FL 33037

2 Beds
2 Baths
1,322 Sq Ft
$245/mo HOA Fee

Recently Sold

$352 Per Sq Ft

6% Below List Price

6 Days on Market

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 August 2025

Spectacular top floor condo with direct panoramic ocean views! All brand new renovations from ceiling to floors & everything in between. New kitchen, bathrooms & designer furnishings included! New impact glass windows & sliding doors. New washer/dryer, refrigerator, stove and microwave. Open balcony overlooking ocean. Two pools, tennis, beach, playground, marina, boat ramp & boat trailer parking.

Last Agent to Sell the Property

Karol Marsden

Berkshire Hathaway HomeServices Keys Real Estate - Islamorada License #3216741 Listed on: 04/10/2015

Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

Last Buyer's Agent

Terry Canto,Top Producer

American Caribbean Real Estate, Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,362

Year Built

  • Built in 1993

Lot Details

  • Ocean Front

HOA Fees

  • $245 Monthly HOA Fees

Home Design

  • Entry on the 5th floor
  • Concrete Roof

Interior Spaces

  • 1,322 Sq Ft Home
  • 4-Story Property
  • Furnished
  • Ceiling Fan
  • Blinds
  • Utility Room
  • Tile Flooring
  • Ocean Views

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Covered Parking
  • Guest Parking
  • Open Parking

Accessible Home Design

  • Accessible Elevator Installed
  • Handicap Accessible

Pool

  • Concrete Pool
  • Heated In Ground Pool

Outdoor Features

  • Boat Ramp
  • Balcony

Utilities

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

Listing and Financial Details

  • Minimum Rental Period: 7

Community Details

Overview

  • $495 Maintenance Fee
  • Association fees include bldg exterior mnt, security, sewer, exterminating, building insurance, common area mnt
  • Kawama Tower Subdivision
  • Rental Restrictions

Recreation

  • Boat Ramp
  • Beach
  • Tennis Courts
  • Community Pool

Pet Policy

  • Pet Restriction: Small Dogs

Security

  • Gated with Attendant
  • Impact Glass
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,362

Year Built

Built in 1993

Lot Details

0

HOA Fees

$245 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • Association Fee: 245.00
  • Maintenance Fee: 495.00
  • Mandatory HOA: Yes
  • Control Depth: 4
  • Fee Includes: Bldg Exterior Mnt, Security, Sewer, Exterminating, Building Insurance, Common Area Mnt
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: Yes
  • Key Island: Key Largo
  • Limited Representation: No
  • Mile Marker: 100.00
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Beach, Community Boat Ramp, Tennis Courts, Community Pool
  • Off Shore Island: No
  • Pets W Restrictions: Small Dogs
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 2361.50
  • Vehicle Storage: Covered Parking, Trailer Storage, Guest Parking, Open Parking
  • Year Built: 1993
  • Alternate Key Number: 8843755
  • Cooling Heating: Ceiling Fans(s), Heat, Central Air
  • Pool Info: Concrete, In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Monthly
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 4 Stories
  • Estimated Living Sq Ft: 1322.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Unit Complex: Unit
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Window Treatments, Smoke Alarms, Granite Counter Top, Fire Sprinkler
  • Floor Number: 5.00
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Stainless Steel Appliance(s), Refrigerator, Oven, Microwave, Dryer
  • Floor: Tile
  • Specialty Rooms: Utility Room
  • Windows/Doors: Impact Rstnce Doors, Impact Rstnce Window
  • Total Bedrooms: 2
  • Accessibility Features: Accessible Elevator Installed

Exterior Features

  • Dockage: Boat Ramp, Other Dockage
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Tennis Court(s)
  • Roof: Concrete Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Security: Manned Gate, Secured Building
  • Utilities: Cable Available, Water Separate Meter, Municipal Sewer, FKAA, Elect Separate Meter

Lot Info

  • Deed Restrictions: No
  • Land Size: 10 or more Acres

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2013

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2025
Closed on
Aug 25, 2025
Sold by
Laue Hans and Laue Laura B
Bought by
Kawama 509 Llc
Seller's Agent
Terry Canto
American Caribbean Real Estate, Christie's International Real Estate
Buyer's Agent
Terry Canto
American Caribbean Real Estate, Christie's International Real Estate
List Price
$845,000
Sold Price
$786,000
Premium/Discount to List
-$59,000
-6.98%
Views
130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
216.79%

Purchase Details

Closed on
Sep 23, 2024
Sold by
Laue Hans and Laue Laura B
Bought by
Laue Family Trust and Laue

Purchase Details

Listed on
Apr 10, 2015
Closed on
May 1, 2015
Sold by
Graf David R and Graf Erin J
Bought by
Laue Hans and Laue Laura B
Seller's Agent
Karol Marsden
Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
Buyer's Agent
Terry Canto,Top Producer
American Caribbean Real Estate, Christie's International Real Estate
List Price
$495,000
Sold Price
$465,000
Premium/Discount to List
-$30,000
-6.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.16%
Original Mortgage
$275,000
Interest Rate
3.77%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 4, 2012
Closed on
May 18, 2012
Sold by
Bankunited Na
Bought by
Graf David R and Graf Erin J
Seller's Agent
Debrah Bennett
Default Realty Services, Inc.
Buyer's Agent
Karol Marsden
Freewheeler Realty, Inc.
List Price
$275,000
Sold Price
$275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.07%

Purchase Details

Listed on
May 4, 2012
Closed on
Apr 12, 2012
Sold by
Conrad Charles Parker and Conrad Charles
Bought by
Bankunited
Seller's Agent
Debrah Bennett
Default Realty Services, Inc.
Buyer's Agent
Karol Marsden
Freewheeler Realty, Inc.
List Price
$275,000
Sold Price
$275,000

Purchase Details

Listed on
May 4, 2012
Closed on
Apr 11, 2012
Sold by
Conrad Lori
Bought by
Bankunited
Seller's Agent
Debrah Bennett
Default Realty Services, Inc.
Buyer's Agent
Karol Marsden
Freewheeler Realty, Inc.
List Price
$275,000
Sold Price
$275,000

Purchase Details

Closed on
Sep 19, 2008
Sold by
Conrad Lori D
Bought by
Conrad Charles Parker

Purchase Details

Closed on
Jan 6, 2006
Sold by
Martinez Jorge L
Bought by
Conrad Charles and Conrad Lori

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,000
Interest Rate
0.95%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 26, 2003
Sold by
Martinez Elvira
Bought by
Martinez Jorge L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 2, 2001
Sold by
Martinez Jorge L and Martinez Maria
Bought by
Martinez Jorge L

Purchase Details

Closed on
Oct 1, 1995
Bought by
Laue Hans and Laue Laura B
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 Type Sale Price Title Company
Deed $786,000 Temple Title Llc
Quit Claim Deed -- None Listed On Document
Warranty Deed $465,000 Coral Reef Title Company
Special Warranty Deed $275,000 Attorney
Deed In Lieu Of Foreclosure $531,400 Attorney
Quit Claim Deed -- Attorney
Special Warranty Deed -- None Available
Warranty Deed $607,500 Turnkey Title Corporation
Interfamily Deed Transfer -- Titles Unlimited Inc
Quit Claim Deed $35,000 --
Warranty Deed $106,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $275,000 New Conventional
Previous Owner $486,000 Fannie Mae Freddie Mac
Previous Owner $100,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2025 08/25/25 Sold $786,000 -4.7% $662 / Sq Ft
07/27/2025 07/27/25 Pending -- -- --
07/04/2025 07/04/25 Price Changed $825,000 -2.4% $694 / Sq Ft
04/23/2025 04/23/25 For Sale $845,000 +81.7% $711 / Sq Ft
06/01/2015 06/01/15 Sold $465,000 -6.1% $352 / Sq Ft
04/16/2015 04/16/15 Pending -- -- --
04/10/2015 04/10/15 For Sale $495,000 +80.0% $374 / Sq Ft
05/29/2012 05/29/12 Sold $275,000 0.0% $206 / Sq Ft
05/17/2012 05/17/12 Pending -- -- --
05/04/2012 05/04/12 For Sale $275,000 -- $206 / 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 $5,876 $854,771 -- $854,771
2023 $5,876 $832,637 $0 $832,637
2022 $4,735 $589,164 $0 $589,164
2021 $4,414 $493,064 $0 $493,064
2020 $4,338 $481,246 $0 $481,246
2019 $4,136 $456,360 $0 $456,360
2018 $4,206 $456,360 $0 $0
2017 $3,884 $419,342 $0 $0
2016 $3,806 $395,185 $0 $0
2015 $2,394 $227,384 $0 $0
2014 -- $227,384 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Terry Canto

    Seller's Agent in 2025

    Terry Canto

    American Caribbean Real Estate, Christie's International Real Estate

    (305) 394-3037

    184 in this area

    240 Total Sales

    Terry Canto
    Section Image
  • Karol Marsden

    Seller's Agent in 2015

    Karol Marsden

    Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

    (305) 395-1975

    6 in this area

    25 Total Sales

    Karol Marsden
    Section Image

  • T

    Buyer's Agent in 2015

    Terry Canto,Top Producer

    American Caribbean Real Estate, Christie's International Real Estate

  • D

    Seller's Agent in 2012

    Debrah Bennett

    Default Realty Services, Inc.

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 567192

Florida Keys Board of REALTORS®

APN: 00090495-000509

Florida Monroe County Key Largo 33037

1530 Ocean Bay Dr Unit 509, Key Largo, FL

This home is located at 1530 Ocean Bay Dr Unit 509, Key Largo, FL 33037 and is currently priced at $465,000, approximately $351 per square foot. This property was built in 1993. 1530 Ocean Bay Dr Unit 509 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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