Townhouse in 1500 Ocean Bay Drive A1, Key Largo, FL 33037 for sale with MLS# A12063168

Welcome to your Florida Keys retreat at the desirable Kawama Yacht Club in Key Largo! One of the few properties in Key Largo that allows Nightly Rentals. This beautifully maintained 2-bedroom, 2-bath townhouse-style condominium offers the perfect blend of comfort, investment potential, and resort-style living. Enjoy spacious living areas, ceramic tile flooring, abundant natural light, and screened patios ideal for relaxing after a day on the water. The community is surrounded by lush tropical landscaping and offers exceptional amenities including a waterfront pool, tennis courts, marina, ocean access, playground, walking paths, and 24-hour gated security. Conveniently located just minutes from world-class fishing, diving, boating, waterfront dining, John Pennekamp Coral Reef State Park, and all that the Florida Keys lifestyle has to offer. Whether you're searching for a full-time residence, vacation getaway, or income-producing investment, this property offers endless possibilities in one of Key Largo's most sought-after communities. Condominium fee is $422/month, with an additional HOA fee of $850/quarter. Don't miss this opportunity to own your piece of paradise in the Florida Keys!

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1500 Ocean Bay Drive A1, Key Largo, FL 33037

Price
Price:
$750,000.00
Original List Price:
$750,000.00
List Price per Sq Ft (Calculated, Approx.):
$757.57
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Residential
Property Type:
Townhouse
Description of Last Important Update:
New Listing
Last Major Update on:
July 31, 2026 4:00 am
Other Special Conditions:
Sold As-is
Rooms Distribution
Bedrooms:
2
Bathrooms Total:
3
Full Bath:
2
Half Bath:
1
Master Bedroom Bath:
Separate Tub, None
Dining Area:
Formal Dining, Eat-in Kitchen
Measures
Living Area:
990 Sqft
Built-Up Area:
1,370 Sqft
Property Features
View from the Property:
Garden
Waterfront:
No
Security:
Security Guard
Appliances:
Microwave, Refrigerator, Electric Range
Interior:
Kitchen Island
Exterior:
Balcony, Tennis Court(s), Courtyard
Patio and Porch:
Patio
Air Conditioning
Air Conditioning System:
Central Air
Heating
Heating System:
Central
Unit Description:
Garden Apartment
Balcony Details:
Balcony - Open, Balcony - Screened
Construction
Year Built:
1975
Levels:
Two
Entry Level (floor):
1
Construction Materials:
CBS
Flooring:
Tile
Number of stories:
2
Structure Type:
Townhouse
Stories:
2
Flood Zone Code:
AE
Taxes and Expenses
Tax Annual Amount:
$3,770.00
Tax Year:
2025
Association Fee:
$427.00
Association Fee Frequency:
Monthly
Property Tax Details:
Tax Reflects No Exemptions
Parking
Garage Spaces:
0
Covered Spaces:
0
Parking Features:
Open
Community
Association
Application Information:
3-4 Weeks Approval
Association Type:
Homeowner Association, Condominium
Pets Allowed?
Amenities Provided by the Homeowner's Association (HOA):
Pool, Other, Maintenance, Picnic Area, Tennis Court(s)
Subdivision Name:
KAWAMA YACHT CLUB
Senior Community:
No
Restrictions:
No Restrictions
Minimum Days per Lease:
0
Terms
Listing Terms Considered by Seller:
Cash
Buyer Possession:
Close Of Escrow
Zoning and Legal
Tax Legal Description:
UNIT 1 KAWAMA YACHT CLUB OF KEY LARGO PHASE ONE SEC ONE BLDG A OR665-94 OR926-1407 OR967-74 OR2915-1732/33
Real Estate Folio Number (Parcel Number):
00090491000101
Public Schools Assigned
Elementary School:
Key Largo
High School:
Coral Shores
Middle Or Junior School:
Key Largo
Listing History
Active on the market since:
July 31, 2026
Listing Agreement executed on:
July 31, 2026
Listing Status Last Changed On:
July 31, 2026 4:00 am
Photos updated on:
August 5, 2026 10:49 pm
Last Modified:
August 5, 2026 10:49 pm
Additional Information
Courtesy of:
Keller Williams Capital Realty
Attribution:
Not provided
Location
Floor Number:
1
Street Name:
Ocean Bay
Street Number:
1500
Unit Number:
A1
City:
Key Largo
State:
Florida
Zip Code:
33037
County:
Monroe
Latitude:
N25° 4' 44.4''
Longitude:
W81° 33' 25.2''
Street Suffix:
Drive
Property Map

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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.