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1500 Ocean Bay Drive, Key Largo, FL - photo 1

$795,000

1500 Ocean Bay Drive

Key Largo, FL 33037

Estimated payment $4,595/month

HOA not listed, not included · estimated tax · estimated insurance · 20% down, 6.5%, 30 yr

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2Beds
3Baths
766Sq Ft
$1038Price/Sq Ft

Preferred partner

Kinsfolk Realty

Kinsfolk Signature Realty

Powered by Hometrino

(813) 602-0498

Highlights

Built in 1975

About This Home

KAWAMA YACHT CLUB BEAUTIFULLY RENOVATED 2 Bedrooms - 2 Full Bathrooms Unit E5, CBS Block Townhome located on a beautiful Saltwater Lagoon in an Oceanfront Manned Gated Community, in the heart of Key Largo. EXCELLENT RENTAL INCOME, one of the few Florida Keys properties that can be rented DAILY-NIGHTLY, the majority of the Keys rental properties can only be rented every 28 days. CURRENTLY GENERATING RENTAL INCOME of $98,980 yearly. Being offered Turnkey, this lovely Townhome is ready for you to use or rent day one. Extensively renovated, beautiful Kitchen featuring Stainless Steel Appliances, Custom Cabinets and Lighting, Tile Backsplash, and Plantation Shutters. Newer Daikin AC unit with an 8 year warranty. Spacious Living-Dinning aera, beautiful Water Vistas of the Saltwater Lagoon. Screened-In Patio with lovely Water Vistas of the Saltwater Lagoon. Beautiful Wood-Laminate Flooring throughout the lower floor and patio area. Spacious and Beautiful Master Bedroom featuring a Private Tiled Screened-In Balcony overlooking the Saltwater Lagoon below. The Master Bedroom also has a Wall Mounted TV, Ceiling Fan-Light, Beautiful Tile Flooring, and 2 Spacious Closets. The Second Bedroom features Tile Flooring, Ceiling Fan-Light, Plantation Shutters, Ceiling Mounted TV, and a Spacious Closet. Large Open Covered Patio at the entrance to the Townhome, great place to Barbecue and entertain family and guest. Community Boat Storage and Marina Boat Ramp, launch your boat on the Ocean side, World Class Fishing and Diving. This lovely community has 2 Sparkling Heated Pools, one has a wonderful Beach that leads into the Saltwater Lagoon, great for Kayaking, Paddle Boarding, and Rafting. The other Pool has a Large Tiki Hut, great for gatherings and events. Tennis and Pickle Ball Courts. Jetty with a Gazebo, Oceanfront Beaches, Tiki Huts and Bar-B-Q Grills. Excellent location to local shopping and restaurants. Miami Airport is only a 90 minute drive. Kawama Keys Paradise Awaits!

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Facts & features

Bedrooms & bathrooms

  • •Bedrooms:2
  • •Bathrooms:3 (2 full, 1 half)
  • •Full bathrooms:2
  • •Half bathrooms:1

Heating

  • •Has Heating:Yes

Interior area

  • •Total structure area:766 sqft
  • •Total interior livable area:766 sqft

Parking

  • •Parking features:N/A
  • •Garage spaces:0
  • •Has attached garage:No

Lot

  • •Size:N/A

Details

  • •Parcel number:N/A

Type & style

  • •Home type:Condo/Townhouse
  • •Property subtype:Residential

Materials

  • • N/A

Condition

  • •Year built:1975

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Price history

DateEventPrice
10/30/2026Listed for sale$795,000$1038/sqft

Listing Agent

Dan Cloud

Water Vista Realty, Inc.

Brokerage Phone: 305-396-7844

Source: Florida Keys MLS · MLS #620527

Data Powered by Home Junction, Inc.

Nearby

Schools

OCEAN STUDIES CHARTER

Elementary · 1.6 mi

Supermarkets

Bees N the Keys

0.8 mi

The Greeen House

0.8 mi

Gordon Restaurant Market

1.0 mi

Dining

The Grill On Patio R3

0.1 mi

pool bar hilton key largo

0.5 mi

Paradise Pizza of the Keys

0.6 mi

Parks

Key Largo Community Park

0.9 mi

Beaches

North Beach

2.6 mi

South Beach

2.8 mi

Cannon Beach

3.9 mi

Nearby amenity locations include data © OpenStreetMap contributors.