For sale

Price cut: $400 (5/21)

$774,500

1500 Ocean Bay Dr APT H5, Key Largo, FL 33037

2beds

918sqft

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Condominium, Residential - Condo/Townhouse, Townhouse

Built in 1975

-- sqft lot

$747,600 Zestimate^®

$844/sqft

$1,156/mo HOA

What's special

Oceanfront grills and firepitsSerene lagoon viewsFully furnished unitGated oceanfront community

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 poolsPrivate saltwater lagoon for kayaking, swimming & beach relaxationLarge tiki hut for events & gatheringsTenis/ Pickle CourtsPrivate marina with deeded slipsOceanfront grills & firepitsHOA 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

286 days

185

3

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Heating

Central, Electric

Cooling

Central Air, Ceiling Fans(s)

Appliances

Included: Dryer, Ice Machine, Freezer, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher

Features

Granite Counters
Flooring: Tile
Doors: Sliding Glass Doors
Windows: Drapes/Blinds Incl, Single Hung Windows, Aluminum Frames, Accordion
Furnished: Yes

Interior area

Total interior livable area: 918 sqft

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Property

Parking

Parking features: Open, Trailer Storage, Guest
Has uncovered spaces: Yes

Accessibility

Accessibility features: Yes

Features

Levels: Two
Stories: 2
Patio & porch: Open Porch/Balcony, Patio, Screened Patio
Exterior features: Tennis Court(s), Sandy Beach
Has private pool: Yes
Pool features: In Ground
Has view: Yes
View description: Salt Ponds
Has water view: Yes
Water view: Salt Ponds
Waterfront features: Oceanfront, Salt Ponds, Waterfront, Sandy Beach, Dockage: Boat Ramp, Other Dockage

Lot

Features: Less Than 1/4 Acre

Details

Additional structures: Chickee Hut
Parcel number: 00090491000805
Zoning: MF
Zoning description: Multi-Family Attached

Construction

Type & style

Home type: Condo
Architectural style: Townhouse
Property subtype: Condominium, Residential - Condo/Townhouse, Townhouse

Materials

CBS
Roof: Metal

Condition

Updated/Remodeled
New construction: No
Year built: 1975

Utilities & green energy

Electric: Elect Separate Meter
Water: Water Separate Meter
Utilities for property: Cable Available, Cable Connected, Optical

Community & HOA

Community

Features: Pool, Beach, Manager on Premises, Tennis Court(s), Community Boat Ramp, Community Dockage
Security: Electric Gate, Patrolled Area, Gated with Guard
Subdivision: Kawama (100.0)

HOA

Has HOA: Yes
Services included: Cable TV, Other, Security, Maintenance Grounds, Building Insurance, Maintenance Structure, Water, Pest Control, Sewer
HOA fee: $771 monthly
Second HOA fee: $385 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: 9/25/2025
Listing terms: Cash,Conventional

Estimated market value

$747,600

$710,000 - $785,000

$2,685/mo

Price history

Date	Event	Price
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

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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.

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.

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