1500 Ocean Bay Dr #B3, Key Largo, FL 33037
FOR SALE

1500 Ocean Bay Dr #B3
Key Largo, FL 33037

  • 2 Beds
  • 2 Baths
  • 748 sqft

$819,900

Original price: $829,999
Est. Mortgage $6,157/mo*
Get Pre-Qualified

$819,900

Original price: $829,999
Est. Mortgage $6,157/mo*
Get Pre-Qualified
2 Beds
2 Baths
748 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

One of the very few properties in Key Largo that allows daily rentals, making it a highly desirable business opportunity for passive income. The property has the ability to generate over $100,000 annually. Ideally located directly in front of the pool, it offers a beautiful view of the saltwater lagoon and resort-style pool, enhancing both guest appeal and rental demand.

Home Highlights

Parking
Open Parking
Outdoor
Porch, Patio, Pool
View
Lake
HOA
$850/Monthly
Price/Sqft
$1,096
Listed
127 days ago

Home Details for 1500 Ocean Bay Dr #B3

Interior Features

Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 748 Square Feet
Appliances & Utilities
Utilities: Cable Available, Cable ConnectedAppliances: Washer, Stainless Steel Appliance(s), Ice Machine, Trash Compactor, Microwave, Oven, Range, Dishwasher, Dryer, Tankless Water HeaterDishwasherDryerMicrowaveWasher
Heating & Cooling
Has CoolingAir Conditioning: Central Air,Ceiling Fans(s)
Windows, Doors, Floors & Walls
Window: Drapes/Blinds Incl, Window Treatments, Impact Rstnce WindowDoor: Impact Rstnce DoorsFlooring: Tile
Levels, Entrance, & Accessibility
Accessibility: No, NoneFloors: Tile
View
Has a ViewView: Lake
Security
Security: Smoke Detector(s), Gated with Guard
Room & Shared Space
Shared space is furnished

Exterior Features

Exterior Home Features
Roof: MetalPatio / Porch: Open Porch/Balcony, Patio, Screened P/BOther Structures: Gazebo, Chickee HutExterior: Built-in Barbecue, Tennis Court(s), Sandy Beach, Outdoor Kitchen, Lighting, Rain GuttersHas a Private Pool
Parking & Garage
No CarportNo GarageNo Attached GarageHas Open ParkingParking: Open,Off Street
Pool
Pool: In GroundPool
Frontage
Waterfront: Lake Front, Sandy Beach, Dockage: First Come DockNot on Waterfront
Water & Sewer
Sewer: Municipal Sewer, Public Sewer

Days on Market

Days on Market: 127

Property Information

Year Built
Year Built: 1975
Property Type / Style
Property Type: ResidentialProperty Subtype: Townhouse, Residential - Condo/TownhouseArchitecture: Townhouse,A-Frame
Building
Construction Materials: CBS
Property Information
Parcel Number: 00090491000203

Price & Status

Price
List Price: $819,900Price Per Sqft: $1,096

Active Status

MLS Status: Active

Location

Direction & Address
City: Key LargoCommunity: Kawama Yacht Club (100.0)

Agent Information

Listing Agent
Listing ID: 617764

Community

Community Features: Pool, Beach, Manager on Premises, Tennis Court(s), Community Boat Ramp, Community Dockage

HOA

HOA Fee Includes: Cable TV, Maintenance Grounds, Building Insurance, SewerHOA Fee (second): 385HOA Fee Frequency (second): MonthlyAssociation for this Listing: Florida KeysHas an HOAHOA Fee: $850/Monthly

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Other Specify, Conventional

Energy

Energy Efficiency Features: Thermostat

Rental Terms, Policies & Fees

Furnished

Miscellaneous

Mls Number: 617764Water ViewWater View: Lake

Additional Information

PoolBeachManager on PremisesTennis Court(s)Community Boat RampCommunity Dockage
Last check for updates: about 8 hours ago
Listing courtesy of Diana Valbuena, (305) 721-5775
Pedrin of Miami Realty, Inc.
Originating MLS: Florida Keys
Source: FLKMLS, MLS#617764
Also Listed on FLKMLS, Key West AOR, Key West AOR.

Price History for 1500 Ocean Bay Dr #B3

DatePriceEventSource
03/31/2026$819,900PriceChange
FLKMLS #617764
12/19/2025$829,999Listed For SaleKey West AOR #617764
02/04/2025$800,000Sold
Key West AOR #612532
12/11/2024$840,000PendingFLKMLS #612532
12/04/2024$840,000Listed For SaleKey West AOR #612532
08/02/2024$735,000Sold
MIAMI #A11607658
06/25/2024$729,000PendingMIAMI #A11607658
06/22/2024$729,000ContingentMIAMI #A11607658
06/19/2024$729,000Listed For SaleMIAMI #A11607658
12/13/2018$285,000Sold
N/A
10/11/2018$299,900Listed For SaleAgent Provided
10/26/2017$289,900ListingRemovedAgent Provided
04/24/2017$289,900PriceChange
Agent Provided
04/21/2016$299,900Listed For SaleAgent Provided
04/30/2015$656,500Sold
N/A
12/10/2014$695,000Listed For SaleAgent Provided
03/17/2004$240,000Sold
N/A

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Property Tax and Assessment

Year2025
Tax$5,702
Assessment$616,159
Home facts updated by county records

Comparable Sales for 1500 Ocean Bay Dr #B3

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1500 Ocean Bay Dr #C6, Key Largo, FL
0.04
Townhouse
$700,000
05/21/25
2
2
772
1500 Ocean Bay Dr #F2, Key Largo, FL
0.04
Townhouse
$800,000
05/27/25
2
2
918
1500 Ocean Bay Dr #S3, Key Largo, FL
0.01
Townhouse
$800,000
06/04/25
3
3
925
1500 Ocean Bay Dr #M6, Key Largo, FL
0.01
Townhouse
$845,000
08/04/25
3
3
920
1500 Ocean Bay Dr #B8, Key Largo, FL
0.04
Townhouse
$733,900
09/15/25
1
1
764
165 Ocean Bay Dr #9-A, Key Largo, FL
0.21
Townhouse
$1,000,000
09/18/25
3
3
1,722
1501 Ocean Bay Dr #A2, Key Largo, FL
0.33
Townhouse
$1,827,500
03/26/26
3
2
2,127
9832 Leeward Ave #30, Key Largo, FL
0.95
Townhouse
$921,500
10/27/25
2
2
1,029
9832 Leeward Ave, Key Largo, FL
0.97
Townhouse
$921,500
10/27/25
2
2
1,029
9842 Leeward Ave, Key Largo, FL
0.95
Townhouse
$584,900
05/14/25
2
2
1,029

Assigned Schools

These are the assigned schools for 1500 Ocean Bay Dr #B3.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Key Largo

At least 94 Trulia users voted on each feature.

  • 92 % Say it's dog friendly

  • 84 % Say parking is easy

  • 79 % Say car is needed

  • 78 % Say yards are well-kept

  • 75 % Say people would walk alone at night

  • 72 % Say there's holiday spirit

  • 66 % Say it's quiet

  • 66 % Say they plan to stay for at least 5 years

  • 63 % Say it's walkable to restaurants

  • 55 % Say neighbors are friendly

  • 55 % Say kids play outside

  • 52 % Say there's wildlife

  • 47 % Say there are community events

  • 45 % Say it's walkable to grocery stores

  • 32 % Say streets are well-lit

  • 23 % Say there are sidewalks

Learn more about our methodology.
  • Shaun Matthews
    "I drive everywhere I need to go. Golf carts are permissible in most neighborhoods. Everything is within a 5 min car ride. "
    0
    Flag
  • Dr.mahoney
    "We take care of each other in times of need hurricanes a good example. Animals are safe and people are friendly "
    0
    Flag
  • DC
    "Imagine living in a neighborhood where everyone knows each other and looks out for one another—where you can spend lazy afternoons lounging in beautiful parks or embark on thrilling marine adventures. Your kids will have a blast playing in sports leagues and attending top-notch schools. And the best part? The whole vibe is super chill and welcoming. That's the kind of community you'll find here!"
    0
    Flag
  • Carol Painter
    "Silver Shores is a beautiful 55 and older park! All yards are beautiful with grass, flowers, and trees! All the owners love it here!"
    0
    Flag
  • Deborah Clarke
    "Great neighbors, wonderful parks, beautiful sunsets, great church, great schools to choose from. The bond of our community. Every year our street throws an annual Keys Christmas Party. There is a sense of peace and connection knowing that you are safe and valued in your neighborhood. Everyone is so friendly, which makes it so inviting."
    0
    Flag
  • Karen M.
    "its a tourist spot area and very close to everything that you may need its a small city but very nice place"
    0
    Flag
  • Davius C.
    "It’s pretty dog friendly around here. I always see people walking their dogs. I have three of my own. The neighbors wave and say hi to my dogs while they are walking their dogs"
    0
    Flag
  • Diamonddegree
    "Private and secluded neighborhood at the beginning of the Florida keys. Great diving and snorkeling options "
    1
    Flag
  • Stuart G.
    "my commute is 20 miles but with traffic it takes anywhere from 35 minutes to 2 hours. just depends on the traffic "
    1
    Flag
  • Danlsteadman
    "Dogs are welcome at local restaurants with outside seating. Water bowls are available at these restaurants. "
    0
    Flag
  • Lmgkeys
    "Safe area. Surrounded by the water. Good schools. Great fishing and boating. Kayak and canoeing. Small island nearby."
    0
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  • Virgil R.
    "There are lots of kids here and watchful parents. So it’s safe for them to play outside and ride their bikes on the back streets. The fathers are outside and monitoring the speed people drive. "
    0
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  • Ruthrich41
    "We have allowed activities here so we get acquainted with a lot of people in our area and you get to know them and you make friends here we have 240 homes in our compound and a lot of good neighbours are very good friends are here"
    1
    Flag
  • Virgil R.
    "It’s next to the ocean and boat launches and public pools And Public parks where you can walk your dog play tennis do a fitness circuit and volleyball and it’s raining in downtown so it’s easy to leave there and get something to eat"
    1
    Flag
  • mdasca
    "This area is unique because it is close to Miami yet feels like worlds away. This community had neighbors that all have a passion for boating. There is no place in the world like the Florida keys!"
    0
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  • sherieann2008
    "This is one of the friendliest communities I have ever lived in. The neighbors all know each other and watch out for everyone. We are close to all of the entertainment and dining we want but have the quiet and privacy of a small community - the best of both worlds"
    0
    Flag
  • Lian A.
    "GATED COMMUNITY WITH DEEP WATER DOCKAGE - FAMILY FRIENDLY"
    0
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  • Kathy D.
    "Key Largo is known for its commuting ease from the Miami Dade area. It has a great Aquatic center, lots of dining options and, as with the rest of the Keys, is known for its water sports which include fishing, diving, kayaking, snorkeling, jet skies etc. The Keys are considered the Caribbean of the US. All the beauty and nice people, no passport."
    0
    Flag
  • Alicia O. L.
    "I have lived here for 7 years and absolutely love it!!!! A.L."
    1
    Flag

LGBTQ Local Legal Protections

Diana Valbuena, Pedrin of Miami Realty, Inc.
Agent Phone: (305) 721-5775
MLS Internet Data Exchange (IDX) information 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, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.
1500 Ocean Bay Dr #B3, Key Largo, FL 33037 is a 2 bedroom, 2 bathroom, 748 sqft townhouse built in 1975. This property is currently available for sale and was listed by FLKMLS on Dec 19, 2025. The MLS # for this home is MLS# 617764.