1500 Ocean Bay Drive B3, Key Largo, FL 33037
New Listing
$829,999
Property Type:
Residential
Bedrooms:
1
Baths:
1
Square Footage:
748
Status:
Active
Current Price:
$829,999
List Date:
12/19/2025
Last Modified:
12/19/2025
Description
One of the very few properties in Key Largo that allows daily rentals, making it a highly desirable business opportunity for passive income. The property has the ability to generate over $100,000 annually. Ideally located directly in front of the pool, it offers a beautiful view of the saltwater lagoon and resort-style pool, enhancing both guest appeal and rental demand.
More Information MLS# 617764
Contract Information
Listing Board: Florida Keys
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No
Current Price: $829,999
Listing Date: 2025-12-19
List Price: $829,999
Location, Tax & Legal
Unit #: B3
City: KEY LARGO
Off Shore Island: No
Mile Marker: 100
Marathon Neighborhood: N/A
Side: Ocean
Flood Zone: AE
Alternate Key #: 1102644
Handicap Access: No
Parcel #: 00090491-000203
Zoning: UR - Urban Residential Distrit
Deed Restrictions: No
Legal: UNIT 3 KAWAMA YACHT CLUB OF KEY LARGO PHASE ONE SEC ONE BLDG B OR686-798 OR1984-1033 OR2558-1019 OR2940-0643 OR3288-1338
Taxes: 5701.85
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: No
Control Depth: 0
Lot Size: 0
Lot SqFt: 0
Pool: Yes
Total Units: 0
SqFt Source: Tax Records
Rentals Allowed: Yes
Min Rental Days: 1
Style: Townhouse
Year Built: 1975
Living Apx SqFt: 748
Total Bedrooms: 1
Full Baths: 1
Total Baths: 1
Remarks & Misc
Remarks – Consumer: One of the very few properties in Key Largo that allows daily rentals, making it a highly desirable business opportunity for passive income. The property has the ability to generate over $100,000 annually. Ideally located directly in front of the pool, it offers a beautiful view of the saltwater lagoon and resort-style pool, enhancing both guest appeal and rental demand.
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Association Fee $: 850
Maintenance Fee $: 385
Assoc/Mnt Fee Per: Monthly
License Info
# of City License: 1
# of County License: 1
Transient Rntl Licns: Yes
Fee Includes
Building Insurance: 1
Cable: 1
Common Area Mnt: 1
Sewer: 1
Dockage
First Come Dock: 1
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Dryer: 1
Ice Machine: 1
Microwave: 1
Oven: 1
Range: 1
Stainless Steel Appliance(s): 1
Trash Compactor: 1
Washer: 1
Pets
Pets Allowed: 1
Cooling
Ceiling Fans(s): 1
Central Air: 1
Waterfront
Lake Front: 1
Waterview
Lake View: 1
Floor
Tile: 1
Neighborhood Feature
Beach: 1
Community Boat Ramp: 1
Community Dockage: 1
Community Pool: 1
Manager on Premises: 1
Tennis Courts: 1
Interior Features
Built-in Cabinets: 1
Drapes/Blinds Incl: 1
Quartz Countertops: 1
Smoke Alarms: 1
Window Treatments: 1
Building Style
A-Frame: 1
Above Flood: Yes
Townhouse: 1
Windows/Doors
Impact Rstnce Doors: 1
Impact Rstnce Window: 1
Vehicle Storage
Open Parking: 1
Off Street 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
Other Specify: 1
Utilities
Cable Available: 1
Municipal Sewer: 1
Porch/Balcony
Open Porch/Balcony: 1
Patio: 1
Screened P/B: 1
Title
Title Ins - Buyer: 1
Exterior Features
Built-in Grill: 1
Chickee Hut: 1
Gazebo: 1
Lighting: 1
Outdoor Kitchen: 1
Rain Gutters: 1
Sandy Beach: 1
Tennis Court(s): 1
Pool Info
In Ground: 1
Pre-Wired
Cable: 1
Roof
Metal Roof: 1
Financial Status
Auction: No
Bank Owned: No
Potential Short Sale: No
Standard Sale: Yes
Accessibility Feat
None: 1
GF-Interior Features
Dual Flush: 1
Programmable Thermst: 1
Tankless Hot Wtr Htr: 1
Status Change Info
Status: Active
Property Features
Fee Includes: Building Insurance; Cable; Common Area Mnt; Sewer
Tax Exemptions: None
Waterfront: Lake Front
Waterview: Lake View
Dockage: First Come Dock
Building Style: A-Frame; Townhouse
Vehicle Storage: Off Street Parking; Open Parking
Furnished: Furnished
Cooling: Ceiling Fans(s); Central Air
Utilities: Cable Available; Municipal Sewer
Interior Features: Built-in Cabinets; Drapes/Blinds Incl; Quartz Countertops; Smoke Alarms; Window Treatments
Pre-Wired: Cable
Appliances: Dishwasher; Dryer; Ice Machine; Microwave; Oven; Range; Stainless Steel Appliance(s); Trash Compactor; Washer
Exterior Features: Built-in Grill; Chickee Hut; Gazebo; Lighting; Outdoor Kitchen; Rain Gutters; Sandy Beach; Tennis Court(s)
Accessibility Feat: None
Pool Info: In Ground
Construction: CBS
Floor: Tile
Roof: Metal Roof
Pets: Pets Allowed
Neighborhood Feature: Beach; Community Boat Ramp; Community Dockage; Community Pool; Manager on Premises; Tennis Courts
Security: Manned Gate
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional; Other Specify
Title: Title Ins - Buyer
GF-Interior Features: Dual Flush; Programmable Thermst; Tankless Hot Wtr Htr
Listing Office:
Pedrin of Miami Realty, Inc.
Last Updated: December - 19 - 2025
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.