$275,000
SOLD MAY 29, 2012

1530 Ocean Bay Dr Unit 509 Key Largo, FL 33037

2 Beds
2 Baths
1,332 Sq Ft
$245/mo HOA Fee

Recently Sold

$206 Per Sq Ft

13 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 June 2015

Top floor with direct ocean views! Great rental property and comes nicely furnished, with one of the largest TV's you have ever seen. Saltillo tile flooring, tiled kitchen & open porch overlooking ocean. Laundry room just outside door.Property has guard at gate,community pools,tennis, marina and beach.

Last Agent to Sell the Property

Debrah Bennett

Default Realty Services, Inc. License #1021309 Listed on: 05/04/2012

Last Buyer's Agent

Karol Marsden

Freewheeler Realty, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,781

Year Built

  • Built in 1993

HOA Fees

  • $245 Monthly HOA Fees

Home Design

  • Concrete Roof

Interior Spaces

  • 1,332 Sq Ft Home
  • 4-Story Property
  • Furnished
  • Ceiling Fan
  • Sliding Doors
  • Tile Flooring
  • Ocean Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Pool
  • Balcony

Utilities

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

Additional Features

  • Accessible Elevator Installed
  • Ocean Front

Listing and Financial Details

  • Assessor Parcel Number 00090495-000509

Community Details

Overview

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

Recreation

  • Boat Ramp
  • Beach
  • Tennis Courts
  • Community Pool

Pet Policy

  • Pet Restriction: YES

Security

  • Gated with Attendant

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,781

Year Built

Built in 1993

Lot Details

0

HOA Fees

$245 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • Association Fee: 245.00
  • Maintenance Fee: 495.00
  • Mandatory HOA: Yes
  • Fee Includes: Bldg Exterior Mnt, Security, Sewer, Exterminating, Common Area Mnt, Building Insurance
  • Financial Status Bank Owned: Yes
  • Financial Status Potential Short Sale: No
  • Key Island: Key Largo
  • Limited Representation: No
  • Mile Marker: 100.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Beach, Tennis Courts, Community Boat Ramp, Community Pool
  • Off Shore Island: No
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 1780.67
  • Year Built: 1993
  • Alternate Key Number: 8843755
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Monthly
  • Species List: No
  • Tax Exemptions: None
  • Building Style Stories: 4 Stories
  • Estimated Living Sq Ft: 1332.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Refrigerator, Range, Oven, Microwave, Dryer
  • Floor: Tile
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Sliding Glass Doors
  • Total Bedrooms: 2
  • Accessibility Features: Accessible Elevator Installed

Exterior Features

  • Dockage: Other Dockage
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Roof: Concrete Roof
  • Waterview: Ocean View
  • Pool: Yes

Utilities

  • Security: Manned Gate, Secured Building
  • Utilities: Community Swr Plant, Water Separate Meter, FKAA, Elect Separate Meter

Lot Info

  • Deed Restrictions: Unknown
  • Parcel Number: 00090495-000509
  • Land Size: 5 Less Than 10 Acres

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished, Partially

Tax Info

  • Tax Year: 2011

Multi Family

  • Total Units: 48.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 23, 2024
Sold by
Laue Hans and Laue Laura B
Bought by
Laue Family Trust and Laue
Total Days on Market
13

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
6.07%
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

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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 Type Sale Price Title Company
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 $238,000 New Conventional
Previous Owner $275,000 New Conventional
Previous Owner $486,000 Fannie Mae Freddie Mac
Previous Owner $50,000 Balloon
Previous Owner $300,000 Balloon
Previous Owner $100,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 557957

Florida Keys Board of REALTORS®

APN: 00090495-000509