Condo in 1500 Ocean Bay Drive F5, Key Largo, FL 33037 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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Days on the market

1500 Ocean Bay Drive F5, Key Largo, FL 33037

Price
Price:
$790,000.00
Original List Price:
$845,000.00
List Price per Sq Ft (Calculated, Approx.):
$860.56
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Residential
Property Type:
Condominium
Description of Last Important Update:
Price Reduced
Last Major Update on:
June 8, 2026 8:48 pm
Other Special Conditions:
Sold As-is
Rooms Distribution
Bedrooms:
2
Bathrooms Total:
2
Full Bath:
2
Master Bedroom Bath:
Master Bdrm - Upstairs
Measures
Living Area:
918 Sqft
Built-Up Area:
1,510 Sqft
Property Features
View from the Property:
Lagoon
Waterfront:
Yes
Waterfront Features:
Ocean Front, Lagoon
Security:
Security Guard
Furnished:
Furnished
Appliances:
Dryer, Dishwasher, Microwave, Refrigerator, Washer
Exterior:
Balcony
Patio and Porch:
Deck, Porch, Porch - Open, Porch - Screened
Air Conditioning
Air Conditioning System:
Central Air
Heating
Heating System:
Central
Boat and Dock Features:
Ramp
Balcony Details:
Balcony - Screened
Construction
Year Built:
1975
Levels:
Two
Entry Level (floor):
1
Construction Materials:
Block
Flooring:
Vinyl, Ceramic Tile
Number of stories:
2
Flood Zone Code:
AE
Taxes and Expenses
Tax Annual Amount:
$5,999.00
Tax Year:
2025
Association Fee:
$850.00
Association Fee Frequency:
Monthly
Property Tax Details:
County Only
Parking
Garage Spaces:
0
Covered Spaces:
0
Parking Features:
Guest, Open, Rv Access/parking, Boat Access/parking
Community
Association
Application Required
Application Fee:
$250.00
Association Type:
Homeowner Association
Pets Allowed?:
Yes, Pet Restrictions Possible
Lease Number Times per Year Allowed:
365
Amenities Provided by the Homeowner's Association (HOA):
Pool, Tennis Court(s)
Subdivision Name:
KAWAMA YACHT CLUB
Association Fee Includes:
Maintenance Grounds, Common Areas
Senior Community:
No
Minimum Days per Lease:
1
Leasing Permitted
Leasing Permitted Details:
Short Term Rentals Allowed
Terms
Listing Terms Considered by Seller:
Cash, Conventional
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):
00090491000605
Public Schools Assigned
Elementary School:
Key Largo
High School:
Coral Shores
Middle Or Junior School:
Key Largo
Listing History
Active on the market since:
March 30, 2026
Listing Agreement executed on:
March 30, 2026
Price change occurred on:
June 8, 2026 8:48 pm
Listing Status Last Changed On:
March 30, 2026 4:00 am
Photos updated on:
June 8, 2026 7:49 pm
Last Modified:
July 6, 2026 11:05 pm
Additional Information
Courtesy of:
American Caribbean Real Estate
Attribution:
Not provided
Location
Floor Number:
2
Street Name:
Ocean Bay
Street Number:
1500
Unit Number:
F5
City:
Key Largo
State:
Florida
Zip Code:
33037
County:
Monroe
Latitude:
N25° 4' 48.8''
Longitude:
W81° 33' 22.6''
Street Suffix:
Drive
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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Association of REALTORS®
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.