1500 Ocean Bay Drive F5, Key Largo, FL 33037

$845,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 918 Status: Active
Current Price: $845,000 List Date: 3/26/2026 Last Modified: 4/08/2026

Description

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. This unit is managed by a local property manager. Rentals on the books will transfer to new buyer. Built in rental income!

More Information MLS# 619210

Contract Information

Current Price: $845,000 Listing Date: 2026-03-26 Listing Board: Florida Keys List Price: $845,000

Location Tax Legal

Street #: 1500 Street Name: Ocean Bay Street Suffix: Drive Key/Island: Key Largo State/Province: FL Zip Code: 33037 County: Monroe Subdivision: Kawama Yacht Club (100.0) Area: 27 - Key Largo MM 97-107

General Property Description

Realtor.COM Type: Residential - Condo/Townhouse Style: Townhouse Waterfront: Yes Unit/Complex: Complex Pool: Yes Year Built: 1975 Lot Size: X Living Apx SqFt: 918 SqFt Source: Property Data Card Total Bedrooms: 2 Full Baths: 2 Total Baths: 2 Rentals Allowed: Yes Min Rental Days: 1

Status Change Info

Status: Active

Association Info

Mandatory Home Owners Asc: Yes Condo Doc's: Yes 1st Right of Refusal: No Association Fee $: 850 Maintenance Fee $: 350 Assoc/Mnt Fee Per: Monthly

Building Style

Above Flood: Unknown

Pool Info

Heated: Yes

Property Features

Fee Includes: Building Insurance; Cable; Common Area Mnt; Security; Sewer Tax Exemptions: None Waterfront: Oceanfront Waterview: Ocean View Dockage: Boat Ramp Property Condition: Updated/Remodeled Building Style: Townhouse Vehicle Storage: Open Parking Furnished: Furnished Cooling: Central Air Heating: Central Utilities: Cable Available; FKAA; Municipal Sewer Interior Features: Granite Counter Top Appliances: Dishwasher; Dryer; Microwave; Oven; Refrigerator; Washer Pool Info: In Ground Construction: CBS Shutters: Panel Floor: Tile Roof: Metal Roof Pets: Pets Allowed Security: Manned Gate Land Size: Less Than 1/4 Acre Terms: Cash; Conventional

Room Information

Full Bathroom Level: Main
Listing Office: American Caribbean Real Estate, Christie's International Real Estate
Last Updated: April - 08 - 2026
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