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For sale
  • $795,000

    1500 Ocean Bay Dr APT E5, Key Largo, FL 33037

    2beds
    766sqft
    : 
    $5,704/mo
    Get pre-qualified
    Condominium
    Built in 1975
    -- sqft lot
    $760,500 Zestimate®
    $1,038/sqft
    $850/mo HOA

    What's special

    Oceanfront beachesPlantation shuttersExtensively renovated beautiful kitchenStainless steel appliancesTile backsplashCustom cabinets and lightingJetty with a gazebo
    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!
    51 days
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    262
    |
    7
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    Zillow last checked:

    Listing updated:

    Listed by:

    Dan Cloud 305-396-7844,

    Water Vista Realty, Inc.

    Source: FLKMLS,MLS#: 620527MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Has Heating (Unspecified Type)
      Cooling
      • Central Air, Ceiling Fans(s)
      Appliances
      • Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Stainless Steel Appliance(s)
      • Laundry: Laundry Room
      Features
      • Storage
      • Flooring: Tile, Laminate
      • Furnished: Yes
      Interior area
      • Total structure area: 766
      • Total interior livable area: 766 sqft

      Property

      Parking
      • Parking features: Open, Storage
      • Has uncovered spaces: Yes
      Features
      • Patio & porch: Open Porch/Balcony
      • Has private pool: Yes
      • Pool features: In Ground
      • On waterfront: Yes
      Details
      • Parcel number: 00090491000505
      • Zoning: MF - Multi-Family Attached

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: Townhouse
      • Property subtype: Condominium
      Materials
      • CBS, Concrete
      Condition
      • Updated/Remodeled
      • New construction: No
      • Year built: 1975

      Utilities & green energy

      • Utilities for property: Cable Available

      Community & HOA

      Community
      • Features: Community Dockage, Community Boat Ramp, Manager on Premises, Beach
      • Security: Security Gate, Gated with Guard, Security Guard
      • Subdivision: Kawama Yacht Club (100.0)
      HOA
      • Has HOA: Yes
      • Services included: Cable TV, Pest Control, Maintenance Structure, Insurance, Common Area Mnt, Security
      • HOA fee: $850 monthly
      Location
      • Region: Key Largo

      Financial & listing details

      • Price per square foot: $1,038/sqft
      • Tax assessed value: $618,807
      • Annual tax amount: $5,224
      • Date on market: 7/4/2026
      • Listing terms: Cash,Conventional

        Estimated market value

        $760,500

        $722,000 - $799,000

        $2,549/mo

        Price history

        DateEventPrice
        7/4/2026Listed for sale$795,000-2.2%$1,038/sqft
        Source: Key West AOR #620527 Report a problem
        7/4/2026Listing removed$813,000$1,061/sqft
        Source: FLKMLS #619402 Report a problem
        6/2/2026Price change$813,000-3.1%$1,061/sqft
        Source: FLKMLS #619402 Report a problem
        5/4/2026Price change$839,000-1.3%$1,095/sqft
        Source: FLKMLS #619402 Report a problem
        4/8/2026Listed for sale$849,900+88.9%$1,110/sqft
        Source: FLKMLS #619402 Report a problem
        9/9/2021Sold$450,000$587/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,225 +13.5%$521,070 +10%
        2024$4,604 +7.7%$473,700 +10%
        2023$4,273 +18%$430,636 +10%
        2022$3,622 +48.9%$391,487 +80.1%
        2021$2,433 +10%$217,390 +10%
        2020$2,212 $197,627 +2.6%
        2019$2,212 +1.8%$192,624 -1.1%
        2018$2,174 +0.1%$194,842 -4.3%
        2017$2,171 +2.9%$203,665 +7.6%
        2016$2,109 +3.3%$189,265
        2015$2,041 $189,265
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 33037

        Getting around

        15 / 100
        Car-Dependent
        29 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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