1501 Ocean Bay Drive A1, Key Largo, FL 33037 (MLS# A12121292)

1501 Ocean Bay Drive A1, Key Largo, FL 33037

New Listing

$2,099,000

Covered balcony featuring a white tongue-and-groove ceiling, metal railing, stone flooring, and expansive open-water scenery

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12121292

Floor-to-ceiling sliding glass doors providing water exposure, tile flooring, and a covered outdoor area with a thatched-roof structure

Waterfront property featuring a private boat lift, stone paver walkway, manicured shrubbery, and structural sea wall

Waterfront landscape featuring mature palm trees, rock-lined shoreline, and expansive open water

Multi-story residence featuring a light blue stucco exterior, stacked covered balconies with railings, exposed rafter tails, and ground-level covered parking

Open-concept living space featuring wood-finish flooring, recessed lighting, a ceiling fan, white cabinetry with built-in shelving, and large glass-panel doors opening to an exterior balcony

Spacious interior featuring wood-finish flooring, vaulted ceilings with a mounted paddle fan, arched windows, and multiple sets of glass-paned doors opening to a balcony

Covered balcony featuring tile flooring, painted wood-beam ceiling, and white metal railings, oriented toward the water

Sunroom featuring stone tile flooring, expansive sliding glass doors, and direct water exposure

Interior space featuring large sliding glass doors, tile flooring, and exterior access to a paved patio area

Staircase featuring wood-finish treads, vertical white plank wall paneling, a white railing, and stone-finish flooring

Light-filled room featuring wood-finish flooring, a central pendant light fixture, glass-paneled double doors, an arched window, and expansive water exposure

Kitchen featuring white shaker-style cabinetry, stone countertops, stainless steel appliances, open shelving, and wood-finish flooring

Kitchen featuring white cabinetry, stone countertops, stone backsplash, stainless steel appliances, and a breakfast bar

Open-concept living area featuring wood-finish flooring, white staircase with painted railings, mirrored wall paneling, built-in cabinetry with stone countertop, and a ceiling-mounted fan

Living area featuring wood-finish flooring, full-wall mirrored paneling, a ceiling fan with light kit, and glass-paned doors opening to a balcony

Covered balcony featuring white metal railings, textured light blue exterior walls, and an unobstructed expanse of water and coastline

Private balcony featuring a metal railing, overlooking a waterfront landscape with palm trees and a thatched-roof structure

Open-concept interior featuring light wood-finish flooring, white shaker-style cabinetry, stone countertops, a ceiling fan with integrated lighting, and a white staircase with a wooden railing

Light-filled room featuring wood-finish flooring, a multi-blade ceiling fan with integrated lighting, and dual sets of glass-paned doors opening to an exterior balcony with water and coastal scenery

Custom cabinetry with stone countertops, dual drop-in sinks, walk-in shower with stone tile surround, and mosaic tile accents

Dual-sink vanity with stone countertop, built-in wooden cabinetry, round wall-mounted mirrors, and decorative tile backsplash

Natural stone wall and floor tile, mosaic tile accent border, wood-finish cabinetry, stone countertop, and arched window with integrated blind

Screened-in balcony featuring tile flooring, a painted exposed-beam ceiling, and a ceiling fan, overlooking the surrounding water and docks

Covered outdoor patio featuring light-toned tile flooring, exposed beamed ceiling, ceiling fans, and floor-to-ceiling screen enclosure with ocean backdrop

Walk-in closet featuring tiered white shelving and integrated hanging rods

Wood-finish flooring, ceiling fan with integrated lighting, and glass-paned French doors opening to an exterior balcony

Ceiling fan with integrated lighting, wood-finish flooring, and multi-panel interior door

Arched window with water scenery, ceiling-mounted light fixture with fan, and bi-fold closet doors

Room featuring wood-finish flooring, an arched window, a ceiling fan with integrated lighting, and glass-paneled double doors leading to a balcony

Bathroom featuring a wood vanity with a stone countertop, an integrated oval sink, a shower-tub combination with sliding glass doors, and tile wall surrounds

Waterfront grounds featuring a paver patio, crushed stone landscaping, a thatch-roofed gazebo, and mature palm trees

Multi-story coastal residence featuring double-tiered screened balconies, vertical metal railings, textured stucco exterior, and covered ground-level parking

Outdoor play structure featuring a slide, climbing wall, and swing set situated on a sandy base, enclosed by a perimeter fence with a hard-surface court

Aerial perspective featuring an outdoor swimming pool, a tennis court, a covered pavilion, and private boat slips

Fenced tennis court featuring a hard surface, outdoor basketball court, swimming pool, and thatched-roof gazebo

Swimming pool featuring a concrete deck, perimeter fencing, and surrounding palm trees

Outdoor play structure featuring a wooden frame, climbing wall, and blue slide situated on a sand-surfaced lot with perimeter chain-link fencing

Outdoor recreation area featuring a paved basketball court, fenced tennis court, perimeter lighting, and surrounding mature landscaping

Backyard putting green featuring a synthetic turf surface, natural stone edging, and flag markers, set within a level lawn area with mature tree canopy

Tennis court with a fenced perimeter and a thatch-roofed pavilion

Multi-story residence featuring pastel-colored exterior, tiered balconies with white railings, a stone paver patio, and a detached thatch-roof structure

Waterfront property featuring a private marina, paved tennis court, swimming pool, and expansive manicured green space

Covered balcony featuring a tiled floor, white exposed-beam ceiling, and vertical metal railing overlooking the water

Waterfront property featuring a sandy shoreline, natural rock seawall, and mature palm trees

Waterfront canal featuring concrete bulkheads, a thatched-roof tiki hut, mature palm trees, and a direct water horizon

Waterfront property with mature palm trees, sandy shoreline, and coastal horizon

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 2,127 Status: Active

Current Price: $2,099,000 List Date: 11/10/2026 Last Modified: 11/12/2026

Overview

Description

ESCAPE THE CITY. WAKE UP TO THE ATLANTIC. Imagine trading traffic, noise, and the fast pace of city life for spectacular ocean sunrises, gentle tropical breezes, and the peaceful beauty of the Florida Keys. Tucked away in the intimate Key Largo Yacht Club waterfront community, this beautifully appointed three-story, 3-bedroom, 2-bath townhome offers a rare opportunity to enjoy front-row Atlantic Ocean views from three private balconies, one on every level.Thoughtfully redesigned and remodeled in 2007, this inviting coastal residence offers three levels of comfortable living, ideal for relaxing, entertaining, and welcoming family and friends. Offered fully furnished and move-in ready, your tropical escape is waiting. Simply arrive, unpack, and enjoy!For those who love the water, an exceptional deeded 50-foot boat slip with a four-post lift is conveniently located behind the garage, complemented by on-site dry boat storage and a community that welcomes jet skis.Whether you're looking for ... (Read more)

Listing Details MLS# A12121292

General Property Information

Unit Floor #: Yes
Property Sub Type: Townhouse
Bedrooms Total: 3
Bathrooms Total: 2
Bathrooms Full: 2
Building Area Main: 2127
Living Area Main: 2127
Year Built: 1997
Carport YN: Yes
Attached Carport YN: Yes
Carport Spaces: 2
Covered Spaces: 2
Senior Community YN: Yes
Waterfront YN: Yes
Outdoor Living Spaces YN: Yes
Stories Total: Yes
Stories: Yes
Furnished: Furnished

Property Features

Application Information: No Approvals Association Amenities: Maintenance Association Fee Includes: Common Areas; Maintenance Structure Flooring: Tile Leasing Permitted Details: Okay To Lease Parking Features: Covered; Attached Carport; Carport Property Condition: Resale Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer Boat and Dock Features: Deeded Dock; Lift; Marina; Private Dock; Ramp Construction Materials: Block Cooling: Ceiling Fan(s); Central Air Association Type: Condominium; Homeowner Association Heating: Central Levels: Three Or More Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: Cats OK; Dogs OK Possession: Negotiable Security Features: Entry - Phone/Intercom Special Information: Sold As-Is Structure Type: Townhouse Tax Information: Tax Reflects No Exemptions Unit Description: Corner/End Unit View: Water Water View: Canal; Direct Ocean Waterfront Features: Ocean Front Showing Requirements: Call Listing Agent Outdoor Living Spaces: Patio; Porch Porch Details: Porch - Open

Contract Information

Comp Sale YN: No
Original List Price: 2099000
Occupant Type: Call Listing Agent

Location and Legal

Country: United States
County Or Parish: Monroe
County Parish Name: Monroe
Street Number: 1501
Street Name: Ocean Bay
Street Suffix: Drive
Unit Number: A1
City Name: Key Largo
State Or Province: FL
Postal Code: 33037
Postal Code +4: 4291
Postal Zip: 33037
Subdivision Name: KEY LARGO YACHT CLUB
Area: 5940 - Other Florida County
Geographic Area: Other
Elementary School: Key Largo
Middle Or Junior School: Key Largo
High School: Coral Shores
Special Assessment YN: No
Parcel Number: 00090401000101
Flood Zone: AE,VE

Financial Information

Association YN: Yes
Association Fee: 2890
Association Fee Frequency: Monthly
Estimated Monthly Assoc Recurring Fee: 2890
Membership Fee Required YN: No
Tax Annual Amount: 8641
Tax Year: 2025
Tax Legal Description: UNIT A-1 KEY LARGO YACHT CLUB A CONDOMINIUM OR1347-613/14 OR1603-80/81 OR2280-392/93 OR2814-1651/52

Status Change Information

Major Change Timestamp: 2026-11-10T05:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-11-10

More Information

Entry Information

Entry Level: Yes

Leasing Permitted Details

Leasing Permitted YN: Yes

Parking Information

Open Parking Spaces: 2

Boat and Dock Information

Dock: Yes
Dock Details: Community Boat Ramp, Community Ramp
Boat Dock Accommodates: Up to 50 Ft Boat

Leasing Restrictions

Leasing - Max Times Per Year: 12
Leasing - Minimum Number of Days: 28

Storm Protection

Impact Glass: Partial

Price Calculations

Current Price To SqFt: 986.83

Originating Details

Originating System Key: 570563209
Originating System ID: M00000151

Listing Office: American Caribbean Real Estate

Last Updated: November - 12 - 2026

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1501 Ocean Bay Drive A1, Key Largo, FL 33037 (MLS# A12121292)