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$845,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 918 Sq. Ft.
  • Updated 1 day ago
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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.

Full Property Details for 1500 Ocean Bay Dr #F5

General

  • Price: $845,000
  • HOA FEE: $850/month
  • Taxes: $5,999 (2025)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A11991691
  • Updated: 3/30/2026
  • Added to Site: 2 day(s) ago

Interior

  • Interior Features: First Floor Entry
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Furnished: Yes
  • Furnishings: Furnished
  • Flooring: Ceramic Floor, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2
  • Bedroom Features: Primary Bedroom Upstairs

Additional Information

  • Shared Amenities: Pool, Tennis Court(s)
  • Maint. Includes: Common Area, Landscaping/Lawn Maintenance, Outside Maintenance
  • Security/Safety: Guard At Site

Exterior

  • Exterior Features: None, Screened Balcony
  • Deck/Patio: Deck, Open Porch, Screened Porch

Parking

  • Parking Features: Guest, Open, Rv/Boat Parking

Location

  • Area: Kawama Yacht Club
  • County: Monroe County
  • Subdivision: KAWAMA YACHT CLUB
  • Building Name: Kawama Yacht Club
  • Driving Directions: There is a guard gate with 24 hr security. Go through the gate, turn right and follow the buildings around to F5

Community

  • Community Name: Kawama Yacht Club
  • Association: Yes
  • Pets Allowed: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central

Structural Information

  • Structure Type: Townhouse, Condo
  • Detached/Attached: Attached
  • Construction: Concrete Block Construction
  • Entry Floor Number: 2
  • Building Size: 1510
  • Square Feet: 918
  • Living Area: 918 Sq. Ft.
  • Year Built: 1975

Lot Features

  • Property View: Lagoon

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Lagoon, Ocean Front

Financial Considerations

  • Price Per Sq. Ft.: $920.48
  • Association Fee: $850
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $5,999
  • Tax Year: 2025
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Legal Description: UNIT 5 KAWAMA YACHT CLUB OF KEY LARGO PHASE ONE SEC ONE BLDG F OR739-36 OR766-1407 OR781-1444 OR798-2173 OR835-1067 OR871-808 OR1333-1030 OR
  • Restrictions: Daily Rentals Allowed
  • Inclusions: Community Boat Ramp, Ramp
  • Property ID: 00090491-000605

Listed by American Caribbean Real Estate

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— 1500 Ocean Bay Dr #F5 —

  • American Caribbean Real Estate

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 1500 Ocean Bay Dr #F5 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/30/2026
Listed
$845,000
21.76%
MLS
7/15/2022
Sold
$694,000
—
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 #F5

Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,284
—
$681,414
18%
2024
$5,284
4%
$578,913
4%
2023
$5,066
72%
$558,413
80%
2021
$2,944
-23%
$309,446
-26%
2022
$3,822
30%
$417,584
67%
2021
$2,944
14%
$250,099
3%
2019
$2,592
-2%
$243,733
-1%
2018
$2,653
1%
$246,637
—
2017
$2,637
17%
$245,697
21%
2016
$2,253
2%
$203,470
21%
2015
$2,214
9%
$167,561
10%
2014
$2,025
5%
$152,329
10%
2013
$1,937
—
$138,481
—
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.

Estimate the Cost for 1500 Ocean Bay Dr #F5

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

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with our affiliated lender
NMLS#: 1598647

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Listed by American Caribbean Real Estate

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1500 Ocean Bay Dr #F5, Key Largo, FL 33037 (MLS# A11991691) is a Condo property with 2 bedrooms and 2 full bathrooms. 1500 Ocean Bay Dr #F5 is currently listed for $845,000 and was received on March 30, 2026. Want to learn more about 1500 Ocean Bay Dr #F5? Do you have questions about finding other Condo 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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