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!
For sale
$795,000
1500 Ocean Bay Dr APT E5, Key Largo, FL 33037
2beds
766sqft
Condominium, Residential - Condo/Townhouse, Townhouse
Built in 1975
-- sqft lot
$760,100 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
- 5 days |
- 335 |
- 12 |
Zillow last checked:
Listing updated:
Listed by:
Dan Cloud 305-396-7844,
Water Vista Realty, Inc.
Source: FLKMLS,MLS#: 620527
Originating MLS: Florida Keys
Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
- Laundry: Laundry Room
Features
- Storage
- Flooring: Tile, Laminate
- Doors: Sliding Glass Doors
- Windows: Drapes/Blinds Incl, Single Hung Windows
- Furnished: Yes
Interior area
- Total interior livable area: 766 sqft
Property
Parking
- Parking features: Open, Trailer Storage, Guest
- Has uncovered spaces: Yes
Features
- Patio & porch: Open Porch/Balcony, Screened P/B
- Has private pool: Yes
- Pool features: Heated, In Ground
- Has view: Yes
- View description: Salt Ponds
- Has water view: Yes
- Water view: Salt Ponds
- Waterfront features: Oceanfront, Salt Ponds, Waterfront, Dockage: Boat Ramp, Other Dockage
Lot
- Features: Less Than 1/4 Acre
Details
- Parcel number: 00090491000505
- Zoning: MF
- Zoning description: Multi-Family Attached
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Townhouse
- Property subtype: Condominium, Residential - Condo/Townhouse, Townhouse
Materials
- CBS, Concrete
- Roof: Metal
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1975
Utilities & green energy
- Sewer: Municipal Sewer, Public Sewer
- Utilities for property: FKAA, Cable Available, Buyer to Verify
Community & HOA
Community
- Features: Pool, Beach, Manager on Premises, Tennis Court(s), Community Boat Ramp, Community Dockage
- Security: Smoke Detector(s), Electric Gate, Patrolled Area, Gated with Guard
- Subdivision: Kawama Yacht Club (100.0)
HOA
- Has HOA: Yes
- Services included: Cable TV, Security, Maintenance Grounds, Building Insurance, Maintenance Structure, Pest Control
- 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
$760,100
$722,000 - $798,000
$2,523/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/4/2026 | Listed for sale | $795,000-2.2%$1,038/sqft |
Source: | ||
| 7/4/2026 | Listing removed | $813,000$1,061/sqft |
Source: | ||
| 6/2/2026 | Price change | $813,000-3.1%$1,061/sqft |
Source: | ||
| 5/4/2026 | Price change | $839,000-1.3%$1,095/sqft |
Source: | ||
| 4/8/2026 | Listed for sale | $849,900+88.9%$1,110/sqft |
Source: | ||
| 9/9/2021 | Sold | $450,000$587/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | $189,265 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 33037
Nearby schools
GreatSchools rating
- 8/10Key Largo SchoolGrades: PK-8Distance: 6.2 mi
- 5/10Coral Shores High SchoolGrades: 9-12Distance: 8.4 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Florida
- Monroe County
- Key Largo
- 33037
- 1500 Ocean Bay Dr Apartment E5




