1501 Ocean Bay Drive A2 & 50' deeded slip, Key Largo, FL 33037

$1,940,000
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 2,127 Status: Active
Current Price: $1,940,000 List Date: 8/31/2025 Last Modified: 2/23/2026

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.

More Information MLS# 616342

Contract Information

Current Price: $1,940,000 Listing Date: 2025-08-31 Listing Board: Florida Keys List Price: $1,940,000 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

Status Change Info

Status: Active

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

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: February - 23 - 2026
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