$570,000
1500 Ocean Bay Drive, S3
Key Largo, FL 33037
MLS# 597043
Status: Contingent/Show
3 beds  |  3 baths  |  925 sqft


1500 Ocean Bay Drive, S3, Key Largo, FL 33037
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Property Description
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.

Details
Maps
Contract Information
Current Price: $570,000
Listing Date: 2021-07-26
Listing Board: Marathon/Lower Keys
List Price: $570,000
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No
Location, Tax & Legal
Street #: 1500
Street Name: Ocean Bay
Street Suffix: Drive
Unit #: S3
Key/Island: Key Largo
State/Province: FL
Zip Code: 33037
Off Shore Island: No
County: Monroe
Subdivision: Kawama (100.0)
Mile Marker: 100
Area: 27 - Key Largo MM 97-107
Marathon Neighborhood: N/A
Side: Ocean
Flood Zone: AE,AE
Alternate Key #: 8630085
Parcel #: 00090493-005500
Bldg Nbr: S
Zoning: UR - Urban Residential Distrit
Deed Restrictions: Yes
Legal: TOWNHOUSES OF KAWAMA A CONDOMINIUM BLDG S UNIT 3 OR878-1206 OR930-1937 OR962-2184 OR991-1887C OR1010-985 OR1015-367 OR10
Taxes: 1196.37
Tax Year: 2020
Pub Sewer HkUp: Yes
General Property Description
Realtor.COM Type: Residential - Condo/Townhouse
Style: Townhouse
Waterfront: No
Control Depth: 4
Pool: Yes
Year Built: 1983
Total Units: 67
Living Apx SqFt: 925
SqFt Source: Property Data Card
Total Bedrooms: 3
Full Baths: 3
Total Baths: 3
Rentals Allowed: With Restrictions
Min Rental Days: 7
Remarks & Misc
Remarks – Consumer: 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.
Directions: Turn oceanside at light at MM 100, take Ocean Bay Blvd. to end and turn right into Kawama Yacht Club. From Gate, follow on left to unit
Status Change Info
Contingent: Contingent/Show
Contingent Remarks: inspections/finance
Status: Contingent/Show
Association Info
Mandatory Home Owners Asc: Yes
Condo Doc's: Yes
1st Right of Refusal: No
Association Fee $: 625
Maintenance Fee $: 280
Assoc/Mnt Fee Per: Monthly
License Info
# of County License: 1
Building Style
Above Flood: Unknown
Financial Status
Bank Owned: No
Potential Short Sale: No
Standard Sale: Yes
Property Features
Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Security; Sewer
Tax Exemptions: None
Waterfront: Oceanfront; None
Waterview: Lake View; Ocean View
Dockage: Other Dockage
Property Condition: Updated/Remodeled
Building Style: Townhouse
Vehicle Storage: Guest Parking; Open Parking
Furnished: Furnished
Cooling/Heating: Ceiling Fans; Central A/C; Combination A/C; Ductless A/C; Heat
Porch/Balcony: Screened P/B; Windowed P/B
Utilities: Cable Available; Elect Separate Meter; Municipal Sewer
Interior Features: Drapes/Blinds Incl; Smoke Alarms; Window Treatments
Pre-Wired: Cable
Specialty Rooms: Laundry Room
Appliances: Dishwasher; Disposal; Dryer; Microwave; Oven; Range; Refrigerator; Washer
Exterior Features: Tennis Court
Pool Info: In Ground; Decked
Construction: CBS
Windows/Doors: Impact Rstnce Doors; Impact Rstnce Window
Floor: Tile Floor
Roof: Metal Roof
Neighborhood Feature: Community Boat Ramp; Community Dockage; Community Pool; Tennis Courts
Security: Manned Gate
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional; FHA; No Seller Finance; VA

Listing Office: Robert Slack LLC

Listing Agent: Howard Leitner

Last Updated: September - 14 - 2021

1500 Ocean Bay Drive, S3, Key Largo, FL 33037 - MLS# 597043

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.