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. This unit is managed by a local property manager. Rentals on the books will transfer to new buyer. Built in rental income!
For sale
Price cut: $24.9K (6/8)
$790,000
1500 Ocean Bay Dr APT F5, Key Largo, FL 33037
2beds
918sqft
Townhouse
Built in 1975
-- sqft lot
$758,000 Zestimate®
$861/sqft
$850/mo HOA
What's special
Tennis courtsNewer appliancesSleek granite countertopsCommunity poolsNew furniture
- 150 days |
- 251 |
- 10 |
Zillow last checked:
Listing updated:
Listed by:
Amy L Bruggeman 305-619-0818,
American Caribbean Real Estate, Christie's International Real Estate
Source: FLKMLS,MLS#: 619210
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Full bathroom
- Level: Main
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air
Appliances
- Included: Washer, Dryer, Dishwasher, Refrigerator, Oven, Microwave
Features
- Granite Counters
- Flooring: Tile
- Furnished: Yes
Interior area
- Total structure area: 918
- Total interior livable area: 918 sqft
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Patio & porch: Open Porch/Balcony, Roof Top Deck, Screened Patio
- Has private pool: Yes
- Pool features: In Ground
- On waterfront: Yes
Details
- Parcel number: 00090491000605
- Zoning: UR - Urban Residential Distrit
Construction
Type & style
- Home type: Townhouse
- Architectural style: Townhouse
- Property subtype: Townhouse
Materials
- CBS
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1975
Utilities & green energy
- Utilities for property: Cable Available
Community & HOA
Community
- Security: Gated with Guard
- Subdivision: Kawama Yacht Club (100.0)
HOA
- Has HOA: Yes
- Services included: Cable TV, Sewer, Insurance, Common Area Mnt, Security
- HOA fee: $850 monthly
Location
- Region: Key Largo
Financial & listing details
- Price per square foot: $861/sqft
- Tax assessed value: $681,414
- Annual tax amount: $5,999
- Date on market: 3/26/2026
- Listing terms: Cash,Conventional
Estimated market value
$758,000
$720,000 - $796,000
$2,824/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/8/2026 | Price change | $790,000-3.1%$861/sqft |
Source:  FLKMLS #619210 Report a problem | ||
| 5/19/2026 | Price change | $814,900-3.6%$888/sqft |
Source:  Key West AOR #619210 Report a problem | ||
| 3/26/2026 | Listed for sale | $845,000+21.8%$920/sqft |
Source: Key West AOR #619210 Report a problem | ||
| 7/15/2022 | Sold | $694,000+0.6%$756/sqft |
Source:  MIAMI #A11219191 Report a problem | ||
| 6/20/2022 | Pending sale | $689,990$752/sqft |
Source: MIAMI #A11219191 Report a problem | ||
| 6/8/2022 | Listed for sale | $689,990+66.3%$752/sqft |
Source: MIAMI #A11219191 Report a problem | ||
| 3/2/2021 | Sold | $415,000-3.3%$452/sqft |
Source: FLKMLS #593662 Report a problem | ||
| 1/9/2021 | Pending sale | $429,000$467/sqft |
Source: Related ISG International Realty #A10964296 Report a problem | ||
| 1/6/2021 | Listed for sale | $429,000$467/sqft |
Source: Related ISG International Realty #A10964296 Report a problem | ||
| 12/23/2020 | Contingent | $429,000$467/sqft |
Source:  MIAMI #A10964296 Report a problem | ||
| 12/12/2020 | Pending sale | $429,000$467/sqft |
Source: Related ISG International Realty #A10964296 Report a problem | ||
| 12/2/2020 | Listed for sale | $429,000+47.9%$467/sqft |
Source: Related ISG International Realty #A10964296 Report a problem | ||
| 9/1/2016 | Sold | $290,000-3%$316/sqft |
Source: Public Record Report a problem | ||
| 8/9/2016 | Listed for sale | $299,000$326/sqft |
Source: American Caribbean Real Estate #571344 Report a problem | ||
| 7/14/2016 | Pending sale | $299,000$326/sqft |
Source: American Caribbean Real Estate #571344 Report a problem | ||
| 7/5/2016 | Listed for sale | $299,000$326/sqft |
Source: American Caribbean Real Estate #571344 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,999 +13.5% | $636,804 +10% |
| 2024 | $5,284 +4.3% | $578,913 +3.7% |
| 2023 | $5,066 +32.5% | $558,413 +33.7% |
| 2022 | $3,822 +29.8% | $417,584 +51.8% |
| 2021 | $2,944 +11.5% | $275,109 +10% |
| 2020 | $2,641 | $250,099 +2.6% |
| 2019 | $2,641 +1.9% | $243,733 -1.2% |
| 2018 | $2,592 -2.3% | $246,637 +0.4% |
| 2017 | $2,653 +0.6% | $245,697 +20.8% |
| 2016 | $2,637 +17% | $203,470 |
| 2015 | $2,253 | $203,470 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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
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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.
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