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$819,900

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 2 Full Baths
  • 748 Sq. Ft.
  • Updated 12 days ago
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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.

Full Property Details for 1500 Ocean Bay Dr #B3

General

  • Price: $819,900
  • HOA FEE: $850/month
  • Taxes: $5,701 (2025)
  • Status: Active
  • Type: Single Family
  • Source: 927
  • MLS ID: 617764
  • Updated: 5/13/2026
  • Added to Site: 159 day(s) ago

Interior

  • Interior Features: Built-in Cabinets, Drapes/Blinds Incl, Quartz Countertops, Smoke Alarms, Window Treatments, Smart Thermostat
  • Appliances: Trash Compactor, Stainless Steel Appliance(s), Dishwasher, Dryer, Ice Machine, Microwave, Oven, Range, Washer
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Additional Information

  • Shared Amenities: Manager on Premises, Community Dockage, Community Boat Ramp, Beach, Tennis Court(s), Pool
  • Pool: Yes
  • Pool Description: In Ground
  • Security/Safety: Manned Gate

Exterior

  • Exterior Features: Tennis Court(s), Rain Gutters, Lighting, Built-in Grill, Chickee Hut, Gazebo, Outdoor Kitchen, Sandy Beach
  • Deck/Patio: Open Porch/Balcony, Patio, Screened
  • Porch/Patio/Deck: Open Porch/Balcony, Patio, Screened

Parking

  • Parking Features: Open, Off Street

Location

  • Area: 27 - Key Largo MM 97-107
  • County: Monroe
  • Subdivision: Kawama Yacht Club (100.0)

Community

  • Association: Yes
  • Assoc. Fees Include: Building Insurance, Cable TV, Common Area Mnt, Sewer
  • Pets Allowed: Yes

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fans(s)

Structural Information

  • Architectural Style: Above Flood, Townhouse, A-Frame
  • Construction: CBS
  • Roof: Metal
  • Windows/Doors: Impact Rstnce Doors, Impact Rstnce Window
  • Square Feet: 748
  • Sq. Ft. Source: Tax Records
  • Year Built: 1975

Lot Features

  • Property View: Lake
  • Zoning: UR - Urban Residential Distrit

Water Features

  • Water View: Yes
  • Water Front Desc.: Lake Front

Financial Considerations

  • Association Fee: Yes
  • Association Fee: $850
  • Assoc Fee Freq.: Monthly
  • Maint. Fee: $385
  • Maint. Fee/Month: $385
  • Tax Amount: $5,701.85
  • Tax Year: 2025
  • Terms: Other Specify, Cash, Conventional

Disclosures and Reports

  • Legal Description: UNIT 3 KAWAMA YACHT CLUB OF KEY LARGO PHASE ONE SEC ONE BLDG B OR686-798 OR1984-1033 OR2558-1019 OR2940-0643 OR3288-1338
  • Flood Zone: AE
  • APN: 00090491-000203

Listed by Pedrin of Miami Realty, Inc., Diana Valbuena (305) 721-5775

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Listing agent

— 1500 Ocean Bay Dr #B3 —

  • Diana Valbuena

    Pedrin of Miami Realty, Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 1500 Ocean Bay Dr #B3 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/31/2026
Price Reduced
$819,900
-1.22%
MLS
12/19/2025
Listed
$829,999
3.75%
MLS
1/30/2025
Sold
$800,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1500 Ocean Bay Dr #B3

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,869
—
$616,159
20%
2024
$3,869
7%
$511,596
4%
2023
$3,600
32%
$493,822
79%
2021
$2,722
-11%
$276,158
-27%
2022
$3,052
12%
$380,134
66%
2021
$2,722
10%
$228,970
—
2019
$2,471
15%
$228,970
24%
2018
$2,158
5%
$184,879
-3%
2017
$2,062
1%
$189,727
—
2016
$2,041
1%
$189,265
36%
2015
$2,013
13%
$138,903
10%
2014
$1,786
4%
$126,276
10%
2013
$1,714
—
$114,797
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Pedrin of Miami Realty, Inc., Diana Valbuena (305) 721-5775

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1500 Ocean Bay Drive #B3, Key Largo, FL 33037 (MLS# 617764) is a Single Family property with 2 bedrooms and 2 full bathrooms. 1500 Ocean Bay Drive #B3 is currently listed for $819,900 and was received on December 19, 2025. Want to learn more about 1500 Ocean Bay Drive #B3? Do you have questions about finding other Single Family real estate for sale in Key Largo? You can browse all Key Largo real estate or contact a Coldwell Banker agent to request more information.

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