See Home Value
Key Largo 33037
113 Ocean Bay Drive
$540,000 - $658,000
House - Off Market

113 Ocean Bay Drive

Key Largo, FL 33037
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1540 Sqft
Sold Mar 12, 2014
$100
Sold Jan 14, 2014
$130,000

About This Property

Welcome to this exceptional investment opportunity! We present to you a 3-unit income-producing property situated on an oversized corner lot, complete with a fenced yard. The exterior has been recently painted, giving it a fresh and appealing look. With a gross rental income of $30K+ and conservative rents, this property offers a lucrative investment potential. The tenants, who are long-term and responsible, pay for their own utilities, making it even more desirable. Additionally, this property is conveniently located near restaurants, shopping centers, and the beautiful Florida Keys Bay, where you can enjoy breathtaking sunsets. Each unit also features its own outdoor living area, providing a comfortable and enjoyable living experience. This is truly a great investment opportunity that you don't want to miss. Please refrain from disturbing the tenants.

The manager has listed the unit size as 1540 square feet.
Unit Size
1,540Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$389
Property Type
House
Property Taxes
$365
HOA Dues
-
Year Built
1953

Price History

Date / Event Date Event Price
Mar 2, 2024 No longer available -
No longer available
Feb 3, 2024 Relisted $599,000
Relisted
Jan 29, 2024 No longer available -
No longer available
Jan 20, 2024 Relisted $599,000
Relisted
Oct 11, 2023 No longer available -
No longer available
Show More

Property Highlights

With View

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Ceramic
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,148
  • Total Building Area: 1,540
  • Gross Building Area: 1,540
  • Building Area: 1,540
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,540
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAZY LAGOON
  • Land Acres: 0.118
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BK 1 LTS 30 - 31 LAZY LAGOON PB2-126 KEY LARGO OR462-508 OR533-808 CASE82-105-CP-12 OR852-1590/94-WILL OR1727-1324 OR1947-780/81R/S OR1991-2238/39 OR2094-761/62 OR2161-771/72 OR2667-989 OR2696-384

Ownership

  • Current Owner : TRUST NO 113OBD 2/19/2014
  • Owner Before Previous Owner: DELA FUENTE EVELIO
  • Owner Before Previous Owner 2: SUAREZ NANCY
  • Ownership Rights Codes: Contract Owner
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Monroe County School District
  • Census Tract: 970500

Zoning

  • Zoning: IS

Geography

  • Account Number: 1614718
  • Parcel: 00496800-000000
  • Block: 1
  • Lot: 30-31
  • Meridian: SEC 33 TWN 61S RNG 39E
  • Municipality: KEY LARGO FROM SOUTH BAY HARBO
  • Latitude: 25.0964
  • Longitude: -80.4415

    Address

  • Full Address: 113 Ocean Bay Dr
  • Address - House Number: 113
  • Address - Street Name: Ocean Bay
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Key Largo
  • Carrier Code: R013
  • 4-Digit Zip Code: 2448
  • Zip Code: 33037

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,379
  • Tax Rate Code Area: 500K

    Appraisal Valuation

  • Standard Deviation: 0.0881
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 575,463
  • High Value: 626,186
  • Low Value: 524,740

    Market Valuation

  • Market Total Value: $440,939
  • Market Land Value: $220,540
  • Market Improvement Value: $220,399

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $440,939
  • Assessed Land Value: $220,540
  • Assessed Improvements Value: $220,399

    Sales

  • Current Sale Contract Date: Mar 12, 2014
  • Current Sale Recording Date: Mar 12, 2014
  • Current Sale Transaction ID: 11549529141
  • Current Sale Price: $100
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jan 14, 2014
  • Previous Sale Contract Date: Jan 06, 2014
  • Previous Sale Amount: $130,000
  • Previous Sale Document Type: Warranty Deed



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2 Baths
1,314 ft²
$445/ft²
$585,000 Jul 9, 2023
$585,000 Sep 26, 2023
$268/mo
House
2 Beds
1 Bath
1,137 ft²
$523/ft²
$595,000 Dec 11, 2023
$595,000 Jan 26, 2024
$382/mo
House
2 Beds
2 Baths
876 ft²
$559/ft²
$490,000 Oct 8, 2023
$490,000 Nov 15, 2023
$240/mo
House
1 Bed
1 Bath
561 ft²
$945/ft²
$530,000 Aug 29, 2023
$530,000 Dec 28, 2023
$211/mo
Mobile / Manufactured
1 Bed
1 Bath
704 ft²
$987/ft²
$695,000 Jul 25, 2023
$695,000 Sep 18, 2023
$274/mo
House
4 Beds
3 Baths
1,540 ft²
$389/ft²
$599,000 Aug 16, 2023
-
$365/mo
House
2 Beds
3 Baths
1,292 ft²
$534/ft²
$689,990 Sep 15, 2023
-
$316/mo
House
2 Beds
2 Baths
1,223 ft²
$572/ft²
$699,000 Nov 16, 2023
-
$295/mo
House
2 Beds
2 Baths
1,080 ft²
$555/ft²
$599,000 Aug 30, 2023
-
$63/mo
House
2 Beds
2 Baths
1,173 ft²
$448/ft²
$525,000 Jan 21, 2024
-
$339/mo
House
1 Bed
2 Baths
1,080 ft²
$532/ft²
$575,000 Dec 14, 2023
-
$299/mo
House
2 Beds
1 Bath
1,000 ft²
$610/ft²
$610,000 Oct 21, 2023
-
$312/mo

About Key Largo


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Frequently Asked Questions

When was property at 113 Ocean Bay Drive built and last sold?
The property at 113 Ocean Bay Drive was built in 1953 and last sold on Mar 12, 2014 for $100.
How much is this home worth?
The estimated value of the home located at 113 Ocean Bay Drive is $635,151.
What are some comparable homes to 113 Ocean Bay Drive?
Homes that are comparable to 113 Ocean Bay Drive include a house property at 113 Ocean Bay Drive, 17 Coconut Drive, 21 Ocean Bay Drive.

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