NOT LISTED FOR SALE

1540 Ocean Bay Dr Unit 15 Key Largo, FL 33037

Estimated Value: $961,000 - $1,414,000

3 Beds
3 Baths
1,935 Sq Ft
$280/mo HOA Fee

Last Sold October 08, 2019

Last sale price $560,000 $289 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $6,383/month

3 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 October 2019

Completely updated townhouse is Kawama Villas. Kawama Villas offers a community boat ramp, dry storage, on site security, beach access, tennis courts, pier fishing, playground, salt water swimmable lagoon and 2 pools. 1bed/1bath on entry level with entertainment space that leads to a large outdoor patio with front row marina views. 2 bed/2bath upstairs, large open kitchen and balcony with more ocean views. Paradise is waiting!

Last Agent to Sell the Property

Nicole Blanco

Dream House Realty, Inc. License #3329521 Listed on: 08/18/2019

Last Buyer's Agent

Austin Kaile

Still Water Properties License #3311299

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,266

Year Built

  • Built in 1993 | Remodeled

Lot Details

  • 1

HOA Fees

  • $280 Monthly HOA Fees

Property Views

  • Ocean
  • Harbor

Interior Spaces

  • 1,935 Sq Ft Home
  • Bar
  • Ceiling Fan
  • Sliding Doors
  • Storage
  • Utility Room
  • Terrazzo Flooring
  • Monitored

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Attached Garage
  • Electric Gate

Outdoor Features

  • In Ground Pool
  • First Come-First Served Dock
  • Boat Ramp
  • Balcony
  • Patio
  • Outdoor Water Feature
  • Outdoor Storage

Additional Features

  • Ocean Front
  • Ground Level
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 00090494-000115

Community Details

Overview

  • $550 Maintenance Fee
  • Association fees include bldg exterior mnt, water, security, building insurance, common area mnt
  • Kawama Villas Subdivision
  • Rental Restrictions

Recreation

  • Boat Ramp
  • Beach
  • Tennis Courts
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Gated with Attendant
  • Complete Accordion Shutters
  • Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,266

Year Built

Built in 1993 | Remodeled

Lot Details

0

HOA Fees

$280 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Approval Required: Yes
  • Association Fee: 280.00
  • Maintenance Fee: 550.00
  • Mandatory HOA: Yes
  • Fee Includes: Bldg Exterior Mnt, Water, Other, Security, Building Insurance, Common Area Mnt
  • Key Island: Key Largo
  • K W Neighborhood: Outside of Key West
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 100.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Beach, Tennis Courts, Community Boat Ramp, Community Pool
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 3266.14
  • Title: Negotiable
  • Vehicle Storage: Attached, Garage
  • Year Built: 1993
  • Alternate Key Number: 8850948
  • Building Style: Ground Level
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Pool Info: In Ground
  • Porch Balcony: Open Porch/Balcony, Patio
  • Association Maintenance Fee Per: Monthly
  • Shutters: Accordion
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1935.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: No
  • Unit Complex: Unit
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Bar, Pantry, Walk-in Closet(s), Storage, Split Bedroom, Granite Counter Top
  • Floor Number: 1.00
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Wine Cooler, Washer, Stainless Steel Appliance(s), Refrigerator, Range, Oven, Microwave, Dryer
  • Floor: Terrazzo
  • Specialty Rooms: Laundry Room, Utility Room
  • Windows/Doors: Impact Rstnce Doors, Sliding Glass Doors
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Boat Ramp, First Come Dock
  • Waterfront: Oceanfront
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Storage, Water Display, Tennis Court(s)
  • Waterview: Harbor/Marina View, Ocean View
  • Pool: Yes

Utilities

  • Security: Central Station Sys, Patrolled Area, On Premises System, Manned Gate, Electric Gate
  • Utilities: Buyer to Verify

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE,VE
  • Parcel Number: 00090494-000115
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2018

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2019
Closed on
Oct 9, 2019
Sold by
Ivelises Amador
Bought by
Fox Leonard B and Fox Magali P
Seller's Agent
Nicole Blanco
Dream House Realty, Inc.
Buyer's Agent
Austin Kaile
Still Water Properties
List Price
$560,000
Sold Price
$560,000
Current Estimated Value
$1,095,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$535,589
Avg. Annual Appreciation
13.11%
Original Mortgage
$420,000
Outstanding Balance
$371,970
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$773,794

Purchase Details

Listed on
Aug 18, 2019
Closed on
Oct 8, 2019
Sold by
Ivelises Amador and Hernandez Ivelises
Bought by
Fox Leonard B and Fox Magali P
Seller's Agent
Nicole Blanco
Dream House Realty, Inc.
Buyer's Agent
Austin Kaile
Still Water Properties
List Price
$560,000
Sold Price
$560,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Outstanding Balance
$371,970
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$773,794

Purchase Details

Closed on
Oct 15, 2013
Sold by
Hernandez Jorge O and Hernandez Ivelises
Bought by
Hernandez Ivelises and Amador Ivelises

Purchase Details

Closed on
Nov 5, 2004
Sold by
Garcia Roy and Garcia Olga
Bought by
Hernandez Jorge and Hernandez Ivelises

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 26, 1995
Sold by
Kawama Villas Wawco Ptnr Ltd
Bought by
Garcia Roy and Garcia Olga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,200
Interest Rate
7.93%
Source: Public Records

Range of Values:

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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
Fox Leonard B $560,000 None Listed On Document
Fox Leonard B $560,000 None Listed On Document
Hernandez Ivelises -- Attorney
Hernandez Jorge $520,000 --
Garcia Roy $139,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fox Leonard B $420,000
Closed Fox Leonard B $420,000
Previous Owner Hernandez Jorge $314,000
Previous Owner Garcia Roy $196,000
Previous Owner Garcia Roy $111,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2019 10/08/19 Sold $560,000 0.0% $289 / Sq Ft
08/21/2019 08/21/19 Pending -- -- --
08/18/2019 08/18/19 For Sale $560,000 -- $289 / 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 $638 $473,677 -- --
2023 $638 $459,881 $0 $0
2022 $631 $446,487 $0 $0
2021 $603 $433,483 $0 $433,483
2020 $603 $427,499 $0 $427,499
2019 $3,802 $391,000 $0 $391,000
2018 $3,864 $391,000 $0 $0
2017 $3,854 $391,000 $0 $0
2016 $3,832 $391,000 $0 $0
2015 $3,732 $391,000 $0 $0
2014 $3,337 $299,480 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nicole Blanco

    Seller's Agent in 2019

    Nicole Blanco

    Dream House Realty, Inc.

    (786) 353-8171

    45 Total Sales

    Section Image

  • A

    Buyer's Agent in 2019

    Austin Kaile

    Still Water Properties

    (305) 433-1971

    9 in this area

    30 Total Sales

    Section Image
  • Kathe Kaile

    Buyer Co-Listing Agent in 2019

    Kathe Kaile

    Still Water Properties

    (305) 600-7252

    9 in this area

    34 Total Sales

    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 587030

Florida Keys Board of REALTORS®

APN: 00090494-000115

Florida Monroe County Key Largo 33037

1540 Ocean Bay Dr Unit 15, Key Largo, FL

This home is located at 1540 Ocean Bay Dr Unit 15, Key Largo, FL 33037 since 18 August 2019 and is currently estimated at $1,145,764, approximately $592 per square foot. This property was built in 1993. 1540 Ocean Bay Dr Unit 15 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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