1501 Ocean Bay Dr

Key Largo, FL 33037

$1,385,000

$613/ft²

3Beds

3Baths

2,261Sq ft

1997Year built

TownhouseType

About this home

Exclusive and seldom available offering in the gated community of Key Largo Yacht Club. Completely remolded turn key 3 Bedroom 3 Bath 2 Car garage with ocean views from all balconies. A deeded 30' Boat Slip that includes a 15,000 LB lift just steps from your door. This is a beautiful turn key unit completely furnished and decorated with no expense spared. The 1st level encompasses your own patio for entertaining and grilling. The 2nd level is all about the kitchen / dinning and living / family room experience. The 3rd level is completely dedicated to a magnificent primary suite with a large bathroom and walk-in closets. Located in a beautiful 10 acre secured / gated community of only 24 units this community includes a modern pool, club house, tennis / basketball courts and trailer parking and private boat ramp.

Features

Waterfront

Property details

Listing

MLS #: A12076180
Status: For sale
Listed on: Jun 14, 2026
Days on market: 74 days
Listing data updated: Aug 23, 2026

Interior

Beds: 3
Baths: 3
Living area: 2,261 ft²
Price per ft²: $613/ft²
Unit: B7

Building & community

Type: Townhouse
Year built: 1997
HOA fee: $2,116/mo
County: Monroe

Lot & exterior

Waterfront: Yes

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

What's nearby

Transit: MILE MARKER 98 KEY LARGO · 0.9 mi away
Supermarket: Publix · 2.4 mi away
Park: Key Largo Community Park · 0.8 mi away
Pharmacy: CVS Pharmacy · 0.8 mi away

Straight-line distances · Sources: NCES/FL DOE, GTFS Miami-Dade and Broward, OpenStreetMap

True monthly cost

Mortgage (principal & interest): $7,003
Property taxes (est.): $1,270
Home insurance (est.): $1,038
Flood insurance (est.): —
HOA fee: $2,116

Estimated total$11,427*/mo

* Some cost lines aren't available yet for this listing; the total shown is incomplete.

Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.

Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.

What will this home really cost you?