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1500 Ocean Bay Drive F5, Key Largo, FL 33037

$845,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 918 Status: Active
Current Price: $845,000 List Date: 3/26/2026 Last Modified: 3/30/2026

Overview

Description

Ready to go rental unit! Nightly rentals are permitted. New furniture, newer appliances, 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 everyth ...

Listing Details MLS# 619210

Location, Tax & Legal

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
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

Contract Information

Listing Board
Florida Keys

General Property Description

Realtor.COM Type
Residential - Condo/Townhouse
Style
Townhouse
Waterfront
Yes
Unit/Complex
Complex
Pool
Yes
Year Built
1975
Living Apx SqFt
918
SqFt Source
Property Data Card
Total Bedrooms
2
Full Baths
2
Total Baths
2
Rentals Allowed
Yes
Min Rental Days
Yes
Control Depth
0
Lot SqFt
0
Total Units
0

Association Info

Mandatory Home Owners Asc
Yes
Condo Doc's
Yes
1st Right of Refusal
No
Association Fee $
850
Maintenance Fee $
350
Assoc/Mnt Fee Per
Monthly

Building Style

Above Flood
Unknown
Townhouse
Yes

More Information

Pool Info

Heated
Yes
In Ground
Yes

Remarks & Misc

Remarks – Consumer
Ready to go rental unit! Nightly rentals are permitted. New furniture, newer appliances, 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.

Fee Includes

Building Insurance
Yes
Cable
Yes
Common Area Mnt
Yes
Security
Yes
Sewer
Yes

Dockage

Boat Ramp
Yes

Tax Exemptions

None
Yes

Appliances

Dishwasher
Yes
Dryer
Yes
Microwave
Yes
Oven
Yes
Refrigerator
Yes
Washer
Yes

Pets

Pets Allowed
Yes

Cooling

Central Air
Yes

Heating

Central
Yes

Waterfront

Oceanfront
Yes

Waterview

Ocean View
Yes

Floor

Tile
Yes

Interior Features

Granite Counter Top
Yes

Property Condition

Updated/Remodeled
Yes

Windows/Doors

Single Hung Windows
Yes

Vehicle Storage

Open Parking
Yes

Security

Manned Gate
Yes

Construction

CBS
Yes

Land Size

Less Than 1/4 Acre
Yes

Furnished

Furnished
Yes

Terms

Cash
Yes
Conventional
Yes

Utilities

Cable Available
Yes
FKAA
Yes
Municipal Sewer
Yes

Porch/Balcony

Open Porch/Balcony
Yes
Roof Top Deck
Yes
Screened Patio
Yes

Roof

Metal Roof
Yes

Shutters

Panel
Yes

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 Bathroom Main
Listing Office: American Caribbean Real Estate, Christie's International Real Estate
Last Updated: March - 30 - 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.