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$774,500 -$400 (-0.05%) Price Reduced

  • For Sale
  • Active
  • Townhouse
  • 2 Beds
  • 2 Full Baths
  • 918 Sq. Ft.
  • Updated 8 hours ago
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1500 Ocean Bay Drive #H5, Key Largo, FLVideo Tour of 1500 Ocean Bay Drive #H5, Key Largo, FL.
REDUCED !!!!! GREAT DEAL!!! Welcome to Unit H5 at Kawama Yacht Club -- a beautifully updated 2-story, 2 bed / 2 bath townhouse offering 918 sq ft of turnkey living space. Adjacent to the pool area with serene lagoon views, this fully furnished unit is vacation rental-friendly with proven income history. Located in a gated oceanfront community with premium amenities including: 2 Swimming pools Private saltwater lagoon for kayaking, swimming & beach relaxation Large tiki hut for events & gatherings Tenis/ Pickle Courts Private marina with deeded slips Oceanfront grills & firepits HOA covers exterior maintenance, insurance, pest control & more. Weekly rentals allowed. Minutes from top fishing, diving, and dining spots -- live the Key Largo lifestyle or invest in paradise! Text Listing agent for showings

Full Property Details for 1500 Ocean Bay Dr #H5

General

  • Price: $774,500
  • HOA FEE: $771/month
  • Taxes: $3,706 (2024)
  • Status: Active
  • Type: Townhouse
  • Source: 927
  • MLS ID: 616611
  • Updated: 5/21/2026
  • Added to Site: 242 day(s) ago

Interior

  • Number of Rooms: 6
  • Interior Features: Drapes/Blinds Incl, Granite Counter Top
  • Appliances: Dishwasher, Disposal, Dryer, Freezer, Ice Machine, Microwave, Oven, Range, Refrigerator
  • 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: Electric Gate, Manned Gate, Patrolled Area

Exterior

  • Exterior Features: Tennis Court(s), Chickee Hut, Sandy Beach
  • Deck/Patio: Screened Patio, Open Porch/Balcony, Patio
  • Porch/Patio/Deck: Screened Patio, Open Porch/Balcony, Patio

Parking

  • Parking Features: Open, Guest

Location

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

Community

  • Association: Yes
  • Assoc. Fees Include: Other, Bldg Exterior Mnt, Building Insurance, Cable TV, Common Area Mnt, Exterminating, Security, Sewer, Water
  • Pets Allowed: Yes

Heating & Cooling

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

Structural Information

  • Architectural Style: Above Flood, Townhouse
  • Construction Status: Updated/Remodeled
  • Construction: CBS
  • Roof: Metal
  • Windows/Doors: Aluminum Windows, Single Hung Windows, Sliding Glass Doors, Shutters
  • Square Feet: 918
  • Sq. Ft. Source: Property Data Card
  • Year Built: 1975
  • Property Condition: Updated/Remodeled

Unit Information

  • Unit Type: Unit

Lot Features

  • Property View: Pond
  • Zoning: MF - Multi-Family Attached

Water Features

  • Water Front: Yes
  • Water Front Desc.: Oceanfront, Salt Ponds

Financial Considerations

  • Association Fee: Yes
  • Association Fee: $771
  • Assoc Fee Freq.: Monthly
  • Maint. Fee: $385
  • Maint. Fee/Month: $385
  • Tax Amount: $3,706.87
  • Tax Year: 2024
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: UNIT 5 BLDG H KAWAMA YACHT CLUB OF KEY LARGO PHASE ONE SEC ONE OR681-738 OR770-73 OR1530-1598 OR2856-1198/99
  • Flood Zone: AE, AE
  • APN: 00090491-000805

Listed by Real Estate Sales Force - Coral Gables, Jorge Labarraque (786) 402-7505

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Listing agent

— 1500 Ocean Bay Dr #H5 —

  • Jorge Labarraque

    Real Estate Sales Force - Coral Gables

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 #H5 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/21/2026
Price Reduced
$774,500
-0.05%
MLS
9/22/2025
Listed
$774,900
203.88%
MLS
5/12/2017
Sold
$255,000
—
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 #H5

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,707
—
$578,807
18%
2024
$3,707
8%
$490,765
4%
2023
$3,447
33%
$473,157
81%
2021
$2,601
-11%
$261,707
-28%
2022
$2,927
13%
$364,716
70%
2021
$2,601
10%
$215,085
—
2019
$2,357
-2%
$215,085
-1%
2018
$2,411
133%
$217,641
131%
2017
$1,035
—
$94,128
2%
2016
$1,039
-2%
$92,192
1%
2015
$1,063
-2%
$91,551
1%
2014
$1,081
-1%
$90,824
1%
2013
$1,087
—
$89,482
—
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 #H5

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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 Real Estate Sales Force - Coral Gables, Jorge Labarraque (786) 402-7505

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1500 Ocean Bay Drive #H5, Key Largo, FL 33037 (MLS# 616611) is a Townhouse property with 2 bedrooms and 2 full bathrooms. 1500 Ocean Bay Drive #H5 is currently listed for $774,500 and was received on September 22, 2025. Want to learn more about 1500 Ocean Bay Drive #H5? Do you have questions about finding other Townhouse 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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