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$1,827,500
1501 Ocean Bay Drive A2 & 50' deeded slip
Key Largo, FL 33037
MLS# 616342
Status: Closed
3 beds  |  2 baths  |  2127 sqft
3rd floor balcony
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3rd floor balcony 50' deeded slip with boatslip A2 A2 Key Largo Yacht Club View View Primary Bedroom Balcony Primary Bedroom Balcony Balcony Primary Bedroom Primary Bedroom Primary Bedroom Primary Bedroom Primary Bedroom Primary Bedroom Primary Bedroom Primary Bedroom Primary Bedroom Primary Bedroom Primary Bedroom Primary Batrhoom Primary Bathroom Primary Bathroom Primary Bathroom Walk In Closet Walk In Closet Personal Items removed using AI software Personal Items removed using AI software Personal Items Removed using AI software Living Room Living Room Living Room Living Room Living Room Living room Living Room Living Room Kitchen View from Kitchen View from Kitchen Kitchen Kitchen Kitchen Kitchen Kitchen Kitchen Kitchen Hallway Bedroom 2 Bedroom 2 Bedroom 2 Bathroom 1 Bathroom 1 Bathroom 1 Bedroom 3 Bedroom 3 Bedroom 3 Stairway Laundry Rec Room Rec Room Rec Room Rec room Rec Room View from 1st floor View View from 1st Floor Back Patio Back Patio View from Patio 2 car garage 2 car garage 50' deeded slip 50' deeded slip plus boatlift Pool Pool/Hot Tub Club House Club House Kayak storage Tennis Court Basketball Court Playground Tiki Hut Key Largo Yacht Club Key Largo Yacht Club

Property Description
Enjoy breathtaking ocean views and sunrises from this beautifully remodeled 3 bed / 2 bath CBS townhome offering 2,127 sq. ft. of living space. A true boater's paradise, it includes a 50' deeded slip with a brand-new 20,000 lb boat lift. Inside, you'll find a remodeled open-concept living area designed for entertaining. The kitchen boasts stainless steel appliances, quartz countertops, and a large island perfect for gatherings or casual dining. A bonus recreation room provides the ideal space for game nights, movie nights, or hosting guests. The spacious primary suite features soaring ceilings, a walk-in closet, and a spa-inspired bath, along with an enclosed third-floor terrace perfect for a gym, additional sleeping space, or private lounge retreat. Each bedroom offers its own balcony to capture serene ocean or marina views. A 2-car garage provides ample storage. Exterior highlights include impact windows and doors, along with a durable metal roof for added peace of mind. The community is currently in the process of being freshly repainted to a beautiful coastal blue, enhancing the overall curb appeal and giving the neighborhood a vibrant, updated look. Community amenities include a pool, tennis courts, basketball courts, and a private boat ramp -- all in a prime location near restaurants and shops, and just about an hour from Miami. Offered fully furnished, this exceptional home perfectly combines luxury and durability, delivering the ultimate Florida Keys boating and coastal lifestyle.

Details
Maps
Contract Information
Current Price: $1,827,500
Listing Date: 2025-08-31
Listing Board: Florida Keys
Leased Price Monthly: $1,827,500
As is Rght to Inspct: Yes
Species List: Yes
Location, Tax & Legal
Street #: 1501
Street Name: Ocean Bay
Street Suffix: Drive
Key/Island: Key Largo
State/Province: FL
Zip Code: 33037
County: Monroe
Subdivision: Key Largo Yacht Club (100.0)
Area: 27 - Key Largo MM 97-107
General Property Description
Realtor.COM Type: Residential - Condo/Townhouse
Style: Townhouse
Waterfront: Yes
Control Depth: 6
Unit/Complex: Unit
Pool: Yes
Year Built: 1997
Living Apx SqFt: 2127
SqFt Source: Property Data Card
Total Bedrooms: 3
Full Baths: 2
Total Baths: 2
Rentals Allowed: With Restrictions
Min Rental Days: 28
Association Info
Mandatory Home Owners Asc: Yes
Condo Doc's: Yes
1st Right of Refusal: No
Assoc Approval Req: Yes
Association Fee $: 2889.98
Assoc/Mnt Fee Per: Monthly
Dockage
Dock Length: 50
Dock: Concrete
Building Style
Above Flood: Unknown
Status Change Info
Under Contract Date: 2026-03-05
Leased Date: 2026-03-26
Leased Price Monthly: $1,827,500
Status: Closed
Property Features
Fee Includes: Bldg Exterior Mnt; Building Insurance; Common Area Mnt; Exterminating; Sewer
Tax Exemptions: None
Waterfront: Oceanfront; Open Water
Waterview: Ocean View; Open Water View
Dockage: Boat Lift; Boat Ramp
Property Condition: Updated/Remodeled
Building Style: Townhouse
Vehicle Storage: Garage
Furnished: Furnished
Cooling: Ceiling Fans(s); Central Air
Heating: Central
Utilities: FKAA; Municipal Sewer
Interior Features: Built-in Cabinets; Cathedral Ceilings; Drapes/Blinds Incl; Quartz Countertops; Smoke Alarms; Storage; Walk-in Closet(s); Wet Bar
Specialty Rooms: Media Room; Utility Room
Appliances: Dishwasher; Dryer; Microwave; More Appliances; Oven; Refrigerator; Stainless Steel Appliance(s); Washer; Wine Cooler
Pool Info: In Ground
Construction: CBS; Concrete; Stucco
Floor: Tile
Pets: Pets Allowed
Neighborhood Feature: Clubhouse; Community Boat Ramp; Community Dockage; Community Pool; Tennis Courts
Security: Electric Gate
Land Size: 10 or more Acres
Listing Office: Coldwell Banker Schmitt Key Largo

Last Updated: March - 26 - 2026

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

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