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
Pending
$774,500
1500 Ocean Bay Dr APT H5, Key Largo, FL 33037
2beds
918sqft
Condominium
Built in 1975
-- sqft lot
$729,200 Zestimate®
$844/sqft
$771/mo HOA
What's special
Oceanfront grills and firepitsSerene lagoon viewsFully furnished unitGated oceanfront community
- 333 days |
- 79 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Jorge Labarraque 786-402-7505,
Real Estate Sales Force - Coral Gables
Source: FLKMLS,MLS#: 616611
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Bedroom 1
- Level: Second
Bedroom 2
- Level: Second
Full bathroom
- Level: Main
Full bathroom
- Level: Second
Dining room
- Level: Main
Kitchen
- Level: Main
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Disposal, Freezer, Ice Maker
Features
- Granite Counters
- Flooring: Tile
- Furnished: Yes
Interior area
- Total structure area: 918
- Total interior livable area: 918 sqft
Video & virtual tour
Property
Parking
- Parking features: Open, Storage
- Has uncovered spaces: Yes
Features
- Patio & porch: Open Porch/Balcony, Patio, Screened Patio
- Exterior features: Chickee Hut, Sandy Beach, Tennis Court(s)
- Has private pool: Yes
- Pool features: In Ground
- On waterfront: Yes
Details
- Parcel number: 00090491000805
- Zoning: MF - Multi-Family Attached
Construction
Type & style
- Home type: Condo
- Architectural style: Townhouse
- Property subtype: Condominium
Materials
- CBS
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1975
Utilities & green energy
- Electric: Optical
- Utilities for property: Water Separate Meter, Elect Separate Meter, 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 (100.0)
HOA
- Has HOA: Yes
- Services included: Cable TV, Sewer, Pest Control, Water, Maintenance Structure, Insurance, Common Area Mnt, Security, Other
- HOA fee: $771 monthly
Location
- Region: Key Largo
Financial & listing details
- Price per square foot: $844/sqft
- Tax assessed value: $578,807
- Annual tax amount: $3,706
- Date on market: 4/6/2026
- Listing terms: Cash,Conventional
Estimated market value
$729,200
$693,000 - $766,000
$2,690/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/30/2026 | Pending sale | $774,500$844/sqft |
Source:  FLKMLS #616611 Report a problem | ||
| 5/21/2026 | Price change | $774,500-0.1%$844/sqft |
Source:  Key West AOR #616611 Report a problem | ||
| 12/11/2025 | Price change | $774,900-3%$844/sqft |
Source: Key West AOR #616611 Report a problem | ||
| 10/6/2025 | Price change | $799,000-2%$870/sqft |
Source: FLKMLS #616611 Report a problem | ||
| 9/25/2025 | Listed for sale | $815,000+219.6%$888/sqft |
Source: FLKMLS #616611 Report a problem | ||
| 5/15/2017 | Sold | $255,000-1.9%$278/sqft |
Source: FLKMLS #574936 Report a problem | ||
| 3/28/2017 | Listed for sale | $260,000+225%$283/sqft |
Source: Century 21 Schwartz Realty (KL) #574936 Report a problem | ||
| 8/5/1998 | Sold | $80,000$87/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,217 +13.8% | $346,397 +10% |
| 2024 | $3,707 +7.5% | $314,906 +10% |
| 2023 | $3,447 +17.7% | $286,278 +10% |
| 2022 | $2,927 +12.6% | $260,253 +10% |
| 2021 | $2,601 +10.4% | $236,594 +10% |
| 2020 | $2,355 | $215,085 |
| 2019 | $2,355 -0.1% | $215,085 -1.2% |
| 2018 | $2,357 -2.2% | $217,641 +131.2% |
| 2017 | $2,411 +132.9% | $94,128 +2.1% |
| 2016 | $1,035 -0.4% | $92,192 +0.7% |
| 2015 | $1,039 | $91,551 |
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: 6.1 mi
- 5/10Coral Shores High SchoolGrades: 9-12Distance: 8.5 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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