Condo in 1500 Ocean Bay Dr F5 Key Largo for sale with MLS# A11991691

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.

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1500 Ocean Bay Dr F5, Key Largo, FL 33037

Price
Price:
$845,000.00
Original List Price:
$845,000.00
Property Status and Type
Listing Type:
For Sale
Status:
Active
Special Sale Conditions:
Listed As Is
Listing Category:
Residential
Property Type:
Condominium
MLS Number:
A11991691
Description of Last Important Update:
New Listing
Last Major Update on:
March 30, 2026 2:29 pm
Rooms Distribution
Bedrooms:
2
Bathrooms Total:
2
Full Bath:
2
Measures
Living Area:
918 Sqft
Built-Up Area:
1,510 Sqft
Lot Size Unit:
Square Feet
Property Features
View from the Property:
Lagoon
Waterfront:
Yes
Waterfront Features:
Ocean Front, Lagoon
Swimming Pool Features:
Association
Security:
Security Guard
Furnished:
Furnished
Appliances:
Dryer, Dishwasher, Microwave, Refrigerator, Washer
Interior:
First Floor Entry, Upper Level Primary
Exterior:
Deck, Balcony, Porch, Enclosed Porch
Patio and Porch:
Deck, Balcony, Open, Porch, Screened
Air Conditioning
Air Conditioning System:
Central Air
Heating
Heating System:
Central
Water Access Description:
Community Boat Ramp
Boat Dock Slip:
Ramp
Construction
Year Built:
1975
Year Built Details:
Effective Year Built
Entry Level (floor):
2
Entry Level Location:
2
Construction Materials:
Block
Flooring:
Vinyl, Ceramic Tile
Number of stories:
2
Taxes and Expenses
Tax Annual Amount:
$5,999.00
Tax Year:
2025
Association Fee:
$850.00
Association Fee Frequency:
Monthly
Association Fee 3rd HOA:
$350.00
Association Fee 3rd HOA Frequency:
Monthly
Property Tax Status:
Tax Reflects County Only Tax
Parking
Garage Spaces:
0
Covered Spaces:
0
Parking Features:
Guest, Open, Rv Access/parking
Community
Pets Allowed?:
Yes, Conditional
Amenities Provided by the Homeowner's Association (HOA):
Pool, Tennis Court(s)
Subdivision Name:
KAWAMA YACHT CLUB
Association Fee Includes:
Maintenance Grounds, Maintenance Structure, Common Areas
Complex Name:
Kawama Yacht Club
Senior Community:
No
Restrictions:
Daily Rentals Allowed
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Occupant Type:
Vacant
Buyer Possession:
Close Of Escrow
Zoning and Legal
Tax Legal Description:
UNIT 5 KAWAMA YACHT CLUB OF KEY LARGO PHASE ONE SEC ONE BLDG F OR739-36 OR766-1407 OR781-1444 OR798-2173 OR835-1067 OR871-808 OR1333-1030 OR
Real Estate Folio Number (Parcel Number):
00090491-000605
Listing History
Originally published on:
March 30, 2026 2:29 pm
Active on the market since:
March 30, 2026
Price change occurred on:
March 30, 2026 2:05 pm
Listing Status Last Changed On:
March 30, 2026 2:29 pm
Photos updated on:
March 30, 2026 6:42 pm
Last Modified:
March 30, 2026 11:01 pm
Additional Information
Unit View:
Lagoon
Housing Older Persons Act:
No HOPA
Unit Design:
None
Type of Association:
Homeowners
Minimum Number of Days per Lease:
1
Type of Governing Bodies of the Association:
Homeowner Association
Pet Fee:
$0.00
Number of Times Leased per Year:
365
Flood Zone:
AE
Application Fee:
$250.00
Style:
Townhouse Condo
Courtesy of:
American Caribbean Real Estate
Attribution:
Not provided
Location
Street Name:
Ocean Bay Dr
Street Number:
1500
Unit Number:
F5
City:
Key Largo
State:
Florida
Zip Code:
33037
County:
Monroe
Latitude:
N25° 4' 42.2''
Longitude:
W81° 33' 24.3''
Property Map

Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $80,911
Median Home Value $660,700
Median Rent $1,896/mo
Median Age 54
Population 13,674

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Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.