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$845,000
1500 Ocean Bay Drive F5
Key Largo, FL 33037
MLS# 619210
2 beds  |  2 baths  |  918 sqft


Porch on Lagoon
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Porch on Lagoon Private Jetty Pool Swimming Lagoon Front Elevation Entry Open Porch Kitchen and dinning Large Prep Area Lots of Cabinets Large Lounge area Dinning Table Fold Out Couch Living Space Screen Patio Lagoon View Lagoon View Downstairs Full Bathroom Heading upstairs Upstairs Bathroom Upstairs Full Bathroom King Size Bed First Bedroom Open Porch off Bedroom Hallway to 2nd Bedroom King Size Bed View of the Lagoon Lots of light Screened In Patio off bedroom Washer and Dryer on first floor Swimming Lagoon Tennis Courts Play Ground Pool, Beach, Lagoon Swim Lagoon Open Ocean Private Community Lagoon Marina with boat ramp Marina Playground Lagoon

Property Description
Ready to go rental unit! Nightly rentals are permitted. New furniture, freshly painted, ready for your renters. Step into the kitchen, a culinary haven boasting modern appliances, sleek granite countertops, and a comprehensive array of essentials, ensuring every meal is a delight. The inviting living room offers a comfortable sofa, which effortlessly transforms into additional sleeping space, accommodating even more guests. This unit has everything you need to be a successful investment property. 3 covered patios, open upper deck to watch the sunset. This unit is located on the swimming lagoon with a beach. Enjoy the community pools, tennis courts, playground and a marina with a boat ramp. There is also room for boat trailer storage. This is a gated community with 24-hour security. You can reach several local restaurants by golf cart with never driving on US1. Key Largo Park is also an easy golf cart ride away, play pickle ball, tennis or enjoy the kid's area. This unit has everything you need to use for your own enjoyment and generate an income when you are not using it.

Details
Maps
Contract Information
Listing Board: Florida Keys
Current Price: $845,000
Listing Date: 2026-03-26
List Price: $845,000
Location, Tax & Legal
Unit #: F5
City: KEY LARGO
Mile Marker: 100
Marathon Neighborhood: N/A
Side: Ocean
Flood Zone: AE
Alternate Key #: 1102946
Parcel #: 00090491-000605
Zoning: UR - Urban Residential Distrit
Deed Restrictions: Yes
Legal: UNIT 5 KAWAMA YACHT CLUB OF KEY LARGO PHASE ONE SEC ONE BLDG F OR739-36 OR766-1407 OR781-1444 OR798-2173 OR835-1067 OR87
Taxes: 5999.38
Tax Year: 2025
Pub Sewer HkUp: Yes
Street #: 1500
Street Name: Ocean Bay
Street Suffix: Drive
Key/Island: Key Largo
State/Province: FL
Zip Code: 33037
County: Monroe
Subdivision: Kawama Yacht Club (100.0)
Area: 27 - Key Largo MM 97-107
General Property Description
Realtor.COM Type: Residential - Condo/Townhouse
Waterfront: Yes
Control Depth: 0
Lot Size: X
Lot SqFt: 0
Unit/Complex: Complex
Pool: Yes
Total Units: 0
SqFt Source: Property Data Card
Rentals Allowed: Yes
Min Rental Days: 1
Style: Townhouse
Year Built: 1975
Living Apx SqFt: 918
Total Bedrooms: 2
Full Baths: 2
Total Baths: 2
Remarks & Misc
Remarks – Consumer: Ready to go rental unit! Nightly rentals are permitted. New furniture, freshly painted, ready for your renters. Step into the kitchen, a culinary haven boasting modern appliances, sleek granite countertops, and a comprehensive array of essentials, ensuring every meal is a delight. The inviting living room offers a comfortable sofa, which effortlessly transforms into additional sleeping space, accommodating even more guests. This unit has everything you need to be a successful investment property. 3 covered patios, open upper deck to watch the sunset. This unit is located on the swimming lagoon with a beach. Enjoy the community pools, tennis courts, playground and a marina with a boat ramp. There is also room for boat trailer storage. This is a gated community with 24-hour security. You can reach several local restaurants by golf cart with never driving on US1. Key Largo Park is also an easy golf cart ride away, play pickle ball, tennis or enjoy the kid's area. This unit has everything you need to use for your own enjoyment and generate an income when you are not using it.
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Condo Doc's: Yes
Association Fee $: 850
Maintenance Fee $: 350
Assoc/Mnt Fee Per: Monthly
Fee Includes
Building Insurance: 1
Cable: 1
Common Area Mnt: 1
Security: 1
Sewer: 1
Dockage
Boat Ramp: 1
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Dryer: 1
Microwave: 1
Oven: 1
Refrigerator: 1
Washer: 1
Pets
Pets Allowed: 1
Cooling
Central Air: 1
Heating
Central: 1
Waterfront
Oceanfront: 1
Waterview
Ocean View: 1
Floor
Tile: 1
Interior Features
Granite Counter Top: 1
Property Condition
Updated/Remodeled: 1
Building Style
Above Flood: Unknown
Townhouse: 1
Windows/Doors
Single Hung Windows: 1
Vehicle Storage
Open Parking: 1
Security
Manned Gate: 1
Construction
CBS: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Furnished: 1
Terms
Cash: 1
Conventional: 1
Utilities
Cable Available: 1
FKAA: 1
Municipal Sewer: 1
Porch/Balcony
Open Porch/Balcony: 1
Roof Top Deck: 1
Screened Patio: 1
Pool Info
In Ground: 1
Heated: Yes
Roof
Metal Roof: 1
Shutters
Panel: 1
Status Change Info
Status: Active
Property Features
Fee Includes: Building Insurance; Cable; Common Area Mnt; Security; Sewer
Tax Exemptions: None
Waterfront: Oceanfront
Waterview: Ocean View
Dockage: Boat Ramp
Property Condition: Updated/Remodeled
Building Style: Townhouse
Vehicle Storage: Open Parking
Furnished: Furnished
Cooling: Central Air
Heating: Central
Utilities: Cable Available; FKAA; Municipal Sewer
Interior Features: Granite Counter Top
Appliances: Dishwasher; Dryer; Microwave; Oven; Refrigerator; Washer
Pool Info: In Ground
Construction: CBS
Shutters: Panel
Floor: Tile
Roof: Metal Roof
Pets: Pets Allowed
Security: Manned Gate
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional
Room Information
Room Name Level
Full BathroomMain

Listing Office: American Caribbean Real Estate, Christie's International Real Estate

Last Updated: March - 26 - 2026

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.