1501 Ocean Bay Dr
Key Largo, FL 33037
3 bd 2 ba 2,261 sqft Built 1997 Lot 323,745 sqft condo
Most recent sale
$1,287,500
Jul 13, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 13, 2022 | Sold | $1,287,500 | MLS #601287 |
| Jun 6, 2022 | Listed | $1,324,999 | MLS #601287 |
| Mar 25, 2022 | Sold | $1,150,000 | MLS #599631 |
| Feb 12, 2022 | Listed | $1,195,000 | MLS #599631 |
| May 17, 2019 | Sold | $582,000 | MLS #583503 |
| Feb 28, 2019 | Price changed | $649,999 | MLS #A10594272 |
| Feb 15, 2019 | Price changed | $657,995 | MLS #A10594272 |
| Jan 21, 2019 | Price changed | $657,999 | MLS #A10594272 |
| Jan 5, 2019 | Listed | $669,999 | MLS #A10594272 |
| Jan 3, 2019 | Listed | $669,999 | MLS #583503 |
| Aug 28, 1995 | Sold | $255,200 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $993,867 | — | $993,867 | $8,740 |
| 2023 | $1,023,945 | — | $1,023,945 | $8,760 |
| 2021 | $446,609 | — | $446,609 | $4,222 |
| 2020 | $446,609 | — | $446,609 | $4,246 |
| 2019 | $493,037 | — | $493,037 | $4,631 |
| 2018 | $493,037 | — | $493,037 | $4,711 |
| 2017 | $551,118 | — | $551,118 | $5,184 |
| 2016 | $505,280 | — | $505,280 | $4,963 |
| 2015 | $505,280 | — | $505,280 | $5,053 |
| 2014 | — | — | $505,280 | $5,189 |
| 2013 | — | — | $498,015 | $5,243 |
| 2012 | — | — | $498,015 | $5,220 |
| 2011 | — | — | $673,785 | $6,895 |
| 2010 | — | — | $680,113 | $7,246 |
| 2009 | — | — | $819,414 | $7,928 |
| 2008 | — | — | $819,414 | $6,866 |
| 2007 | — | — | $911,442 | $7,004 |
Property facts
Year built
1997
Property type
condo
Stories
—
Beds
3
Baths
2
Living area
2,261 sqft
Lot size
323,745 sqft
ZIP code
33037
City
Key Largo
Street
Ocean Bay Dr
Coordinates
25.08169, -80.44056
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$4,183
Gross rental yield
3.90%
Implied cap rate
2.53%
Trend-extrapolated value
—
Frequently asked questions
When did 1501 Ocean Bay Dr last sell?
1501 Ocean Bay Dr most recently sold on Jul 13, 2022 for $1,287,500.
What is the current tax assessment for 1501 Ocean Bay Dr?
The most recent total assessment for 1501 Ocean Bay Dr (year 2025) is $993,867 with $8,740 in property tax.
How does 1501 Ocean Bay Dr's assessment compare to its last sale price?
The current assessment is 22.8% below the last sale price of $1,287,500.
When was 1501 Ocean Bay Dr built?
1501 Ocean Bay Dr was built in 1997.
How does 1501 Ocean Bay Dr compare to others on Ocean Bay Dr?
We track 8 other properties on Ocean Bay Dr. Browse the list under "Other properties on Ocean Bay Dr" to compare beds, baths, and sale history.
What are the property facts for 1501 Ocean Bay Dr?
1501 Ocean Bay Dr is a 3 bed, 2 bath, 2,261 sqft, 323,745 sqft lot condo.
Is 1501 Ocean Bay Dr a flip candidate?
No — 1501 Ocean Bay Dr does not appear in our flips dataset.
Is 1501 Ocean Bay Dr a tax-appeal candidate?
No — 1501 Ocean Bay Dr is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-1.5%
Implied 1-yr
-5.9%
2026 Q3
$1.47M
2026 Q4
$1.45M
ZIP 33037 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Ocean Bay Dr