RENTED OCT 30, 2025

21 Ocean Bay Dr Key Largo, FL 33037

Estimated Value: $640,676 - $740,000

2 Beds
2 Baths
1,295 Sq Ft
$533/Sq Ft Est. Value

Last Sold March 29, 2024

Last sale price $585,000 $452 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,959/month

Highlights

  • Impact Glass
  • Guest Parking
  • Garage
  • Coral Shores High School Rated A
  • Central Air
  • 1-minute walk to Schwingggg

About This Home

As of October 2025

Discover your slice of paradise in this beautifully renovated 2-bedroom, 2-bathroom home in Key Largo. This charming house sits on an oversized corner lot and features a spacious 1,295 square feet of comfortable living space. The recently updated interior showcases stunning quartz countertops and sleek stainless steel appliances that'll make cooking a pleasure. The large living area flows seamlessly throughout, perfect for both relaxing and entertaining. You'll love the impact windows and doors that provide peace of mind during storm season while keeping energy costs down. The large garage offers plenty of storage, and the paved circular driveway makes coming home a breeze. Got a boat or RV? No problem - there's ample space for both. The location is absolutely perfect, with a community park featuring pickleball courts just a short stroll away. Hungry? Great restaurants are nearby, and when you want to hit the water, the marina is practically at your doorstep. This centrally located gem puts you right where you want to be in the heart of the Keys.

Last Agent to Rent the Property

Pete Riveiro

The Firm Realty Group License #BK707106 Listed on: 10/08/2025

Last Renter's Agent

Pete Riveiro

The Firm Realty Group License #BK707106 Listed on: 10/08/2025

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1974

Lot Details

  • 6,534

Home Design

  • 1,295 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • Garage
  • Guest Parking

Utilities

  • Central Air
  • Septic System

Community Details

  • Key Largo Beach Subdivision

Listing and Financial Details

  • Security Deposit $6,519
  • 12 Month Lease Term

Home Details

Home Type

Single Family

Year Built

Built in 1974

Lot Details

0

Rental Info

  • Furnishings: Unfurnished
  • Last Month's Rent: 3400.00
  • Lease Type: 6 + Months
  • Monthly Rent: 3400.00
  • Security Deposit: 6519.00

Listing Details

  • Property Type: Rental
  • Property Type 2: Single Family
  • Key Island: Key Largo
  • Marathon Neighborhood: N/A
  • Mile Marker: 100.00
  • M L S Identifier: 20060123165453488875000000
  • Property Group I D: 20010809200717574625000000
  • State Province: FL
  • Vehicle Storage: Garage, Guest Parking
  • Year Built: 1974
  • Cooling Heating: Central Air
  • Building Style Above Flood: Unknown
  • Pet Fees: 395.00
  • Fees Pet Fee Per: One Time
  • Lease Purchase Option: No
  • Estimated Living Sq Ft: 1295.00
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: No
  • View: None
  • Pool: No

Utilities

  • Utilities: FKAA, Septic System

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2023
Closed on
Mar 28, 2024
Sold by
Ellis Ronnie J
Bought by
21 Ocean Drive Property Llc
Seller's Agent
Strain-Pabotoy T Coldwell Banker Schmitt
Coldwell Banker Schmitt Key Largo
Buyer's Agent
Alejandro Perez
Amerifirst Realty
List Price
$740,000
Sold Price
$585,000
Premium/Discount to List
-$155,000
-20.95%
Views
116
Current Estimated Value
$690,669

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,669
Avg. Annual Appreciation
9.50%

Purchase Details

Listed on
Jun 10, 2018
Closed on
Jan 15, 2019
Sold by
Dynamic Investors Inc
Bought by
Ellis Ronnie J
Seller's Agent
Germain Garcia, PA
Lifestyle International Realty
Buyer's Agent
AJ Vetter
Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
List Price
$398,000
Sold Price
$378,000
Premium/Discount to List
-$20,000
-5.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.74%
Original Mortgage
$346,153
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Listed on
Nov 22, 2017
Closed on
Mar 19, 2018
Sold by
2990 Enterprises Inc
Bought by
Dynamic Investors Inc
Seller's Agent
Terri Bodker
LoKation Real Estate
Buyer's Agent
Terry Canto,Top Producer
American Caribbean Real Estate, Christie's International Real Estate
List Price
$299,000
Sold Price
$260,000
Premium/Discount to List
-$39,000
-13.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
47.67%
Original Mortgage
$225,000
Interest Rate
4.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 22, 2017
Closed on
Jan 31, 2018
Sold by
Cates Curtis M and Winiecke Diana L
Bought by
2990 Enterprises Inc
Seller's Agent
Terri Bodker
LoKation Real Estate
Buyer's Agent
Terry Canto,Top Producer
American Caribbean Real Estate, Christie's International Real Estate
List Price
$299,000
Sold Price
$260,000
Premium/Discount to List
-$39,000
-13.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 22, 2017
Closed on
Dec 21, 2017
Sold by
Winiecke Diana L
Bought by
Cates Curtis M
Seller's Agent
Terri Bodker
LoKation Real Estate
Buyer's Agent
Terry Canto,Top Producer
American Caribbean Real Estate, Christie's International Real Estate
List Price
$299,000
Sold Price
$260,000
Premium/Discount to List
-$39,000
-13.04%

Purchase Details

Listed on
Nov 22, 2017
Closed on
Dec 12, 2017
Sold by
Cates Curtis M and Winiecke Diana L
Bought by
Cates Curtis M and Winiecke Diana L
Seller's Agent
Terri Bodker
LoKation Real Estate
Buyer's Agent
Terry Canto,Top Producer
American Caribbean Real Estate, Christie's International Real Estate
List Price
$299,000
Sold Price
$260,000
Premium/Discount to List
-$39,000
-13.04%

Purchase Details

Closed on
Apr 15, 2013
Sold by
Barker Barbara Cates
Bought by
Cates Curtis M and Winiecke Diana L

Purchase Details

Closed on
Feb 1, 1973
Bought by
Cates Curtis M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
21 Ocean Drive Property Llc $585,000 Federated Title
21 Ocean Drive Property Llc $585,000 Federated Title
Ellis Ronnie J $378,000 Coral Reef Title Co
Dynamic Investors Inc $275,000 None Listed On Document
2990 Enterprises Inc $260,000 Cosmopolita Title & Escrow S
Cates Curtis M -- Attorney
Cates Curtis M -- Attorney
Cates Curtis M $50,000 Attorney
Cates Curtis M $2,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ellis Ronnie J $346,153
Previous Owner Dynamic Investors Inc $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/30/2025 10/30/25 Rented $3,000 -11.8% --
10/08/2025 10/08/25 For Rent $3,400 0.0% --
03/29/2024 03/29/24 Sold $585,000 -13.8% $478 / Sq Ft View Prior Sale
02/28/2024 02/28/24 Price Changed $679,000 -1.5% $555 / Sq Ft
02/08/2024 02/08/24 Price Changed $689,000 -1.4% $563 / Sq Ft
01/04/2024 01/04/24 Price Changed $699,000 -5.5% $572 / Sq Ft
11/10/2023 11/10/23 For Sale $740,000 +95.8% $605 / Sq Ft
01/15/2019 01/15/19 Sold $378,000 0.0% $309 / Sq Ft View Prior Sale
01/15/2019 01/15/19 Sold $378,000 0.0% $309 / Sq Ft View Prior Sale
12/15/2018 12/15/18 Pending -- -- --
10/18/2018 10/18/18 Price Changed $378,000 -5.0% $309 / Sq Ft
06/10/2018 06/10/18 For Sale $398,000 0.0% $325 / Sq Ft
05/07/2018 05/07/18 For Sale $398,000 +53.1% $325 / Sq Ft
01/31/2018 01/31/18 Sold $260,000 -13.0% $213 / Sq Ft View Prior Sale
01/11/2018 01/11/18 Pending -- -- --
11/22/2017 11/22/17 For Sale $299,000 -- $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
2025 $4,463 $492,788 $204,801 $287,987
2024 $4,228 $507,472 $239,378 $268,094
2023 $4,228 $514,587 $265,897 $248,690
2022 $3,539 $401,253 $169,207 $232,046
2021 $3,238 $308,323 $123,548 $184,775
2020 $3,345 $318,940 $124,891 $194,049
2019 $3,360 $319,954 $114,369 $205,585
2018 $2,933 $262,524 $144,363 $118,161
2017 $2,910 $308,074 $0 $0
2016 $2,819 $287,312 $0 $0
2015 $2,429 $188,873 $0 $0
2014 $2,505 $189,736 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Pete Riveiro

    Landlord's Agent in 2025

    Pete Riveiro

    The Firm Realty Group

    (305) 608-2169

    25 in this area

    40 Total Sales

    Pete Riveiro
    Section Image
  • Alejandro Perez

    Buyer's Agent in 2024

    Alejandro Perez

    Amerifirst Realty

    (305) 930-7557

    9 in this area

    30 Total Sales

    Alejandro Perez
    Section Image
  • Germain Garcia, PA

    Seller's Agent in 2019

    Germain Garcia, PA

    Lifestyle International Realty

    (305) 778-2157

    4 in this area

    24 Total Sales

    Germain Garcia, PA
    Section Image

  • A

    Buyer's Agent in 2019

    AJ Vetter

    Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

  • N

    Buyer's Agent in 2019

    NON-MLS MEMBER

    MAR NON MLS MEMBER

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 616784

Florida Keys Board of REALTORS®

APN: 00501070-000000

Florida Monroe County Key Largo 33037

21 Ocean Bay Dr, Key Largo, FL

Not Listed for Sale

Detached

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