1500 Ocean Bay Drive $570,000


    1500 Ocean Bay Drive Key Largo, FL 33037

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    • 3 Beds
    • 3 Baths
    • 925 sq. ft.
    • Condo/Townhouse
    • MLS# 597043
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    Views: 2 Days On Site: 55

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    Property Details

    Are you ready to enjoy some relaxation & fun in the beautiful Keys? This home has a fabulous vacation rental history (Jan 1, 2021 thru future rentals as of 7/23/21=$88,442!!) & is a real cash flow machine or just make it your home! Or both, enjoy it yourselves & rental income when you are not using it. Being offered fully furnished, turn-key, & with many future vacation rental reservations with deposits in place! This island home is located in the heart of Key Largo, backing up to John Pennekamp Coral Reef State Park & Molasses Reef. This is a spacious & well laid out 3-story townhouse in the beautiful private gated resort like community of Kawama, located on the ocean side of the island about mile marker 100. Once you are on the property, experience a beautiful saltwater swimming lagoon with beach, 2 beautiful swimming pools, tennis courts, and a long jetty right into the ocean. This townhouse is very tastefully decorated in a coastal style with comfortable furniture and coastal colors.3 Floors of family living. Hurricane Impact windows & doors. Great entry and family hangout also beautifully decorated. There is a Bedroom on the lower level and a full bath. Main living area has lovely kitchen with Corian counter tops, a full bathroom, with open dining and living area looking onto a porch, which has shaded area from the outside trees and give a picturesque view of the entire area. There's 2 more roomy bedrooms on the top floor, with a full bath. This is truly a home for the whole family and friends. A weekend place or a spot to call home fulltime. The complex features 2 pools, tennis courts, guarded gate, an attached marina and lots of activities to keep you busy. The downstairs recreation room is designed for kids (and also kids at heart), with an arcade game and Wii for the family to enjoy! The arcade game has 1600+ games including Atari, Sega and Nintendo games.

    • General Features
      • Square Footage 925
      • Style Townhouse
      • As Is Right to Inspect Yes
      • Association Fee Amount 625.00
      • Maintenance Fee Amount 280.00
      • Assoc/Maint Fee Due Monthly
      • Association Info - Condo Docs Yes
      • Fee Includes Bldg Exterior Mnt, Building Insurance, Cable, Common Area Mnt, Security, Sewer
      • Key Island Key Largo
      • Neighborhood Features Community Boat Ramp, Community Dockage, Community Pool, Tennis Courts
      • Off Shore Island No
      • Potential Short Sale No
      • Bank Owned No
      • Rentals Allowed With Restrictions
      • Taxes $1,196
      • Tax Exemptions None
      • Tax Year 2020
      • Terms No Seller Finance
      • Deed Restrictions Yes
    • Building Features
      • Building Style Townhouse
      • Appliances Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Refrigerator, Washer
      • Cooling/Heating Ceiling Fans, Central A/C, Combination A/C, Ductless A/C, Heat
      • Interior Features Drapes/Blinds Incl, Smoke Alarms, Window Treatments
      • Construction CBS
      • Flooring Tile Floor
      • Furnished Furnished
      • Porch/Balcony Screened P/B, Windowed P/B
      • Roofing Metal Roof
      • Side Ocean
      • Windows/Doors Impact Rstnce Doors, Impact Rstnce Window
    • Room Features
      • Specialty Rooms Laundry Room
    • Property Features
      • Exterior Features Tennis Court
      • Dockage Other Dockage
      • Garage/Parking Guest Parking, Open Parking
      • Pool Yes
      • Pool Info Decked, In Ground
      • Pre-Wired Cable
      • Security Manned Gate
      • Water View Lake View, Ocean View
      • Waterfront Property No
      • Waterfront Type None, Oceanfront
      • Utilities Cable Available, Elect Separate Meter, Municipal Sewer
      • Pub Sewer HkUp Yes
      • Zoning UR - Urban Residential Distrit



    33037 (Key Largo) Demographics

    54 Median Age
    327 Population Density (per sq. mile)
    40% College Educated
    $60,873 Estimated Median Income
    3,529 Estimated Total Home Owners
    1,010 Estimated Total Renters
    78% / 22% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    11,071 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $689,500 Median Sales Price
    48 Homes Sold
    59 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $570,000
        8/2/2021 9:03:20 PM Status Changed Source: Multiple Listing Service New Value: Contingent/Show
        7/26/2021 3:04:00 PM New in Database Source: Multiple Listing Service New Value: $570,000

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        Listing information is provided in part by the Internet Data Exchange (IDX) program of the Florida Keys Board of REALTORS®, Inc. The information on this website is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Copyright 2021 Florida Keys Board of REALTORS®, Inc. All rights reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.