1500 Ocean Bay Drive H5, Key Largo, FL 33037
$774,900
Property Type:
Residential
Bedrooms:
2
Baths:
2
Square Footage:
918
Status:
Active
Current Price:
$774,900
List Date:
9/25/2025
Last Modified:
12/11/2025
Description
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 pools
Private saltwater lagoon for kayaking, swimming & beach relaxation
Large tiki hut for events & gatherings
Tenis/ Pickle Courts
Private marina with deeded slips
Oceanfront grills & firepits
HOA 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!
More Information MLS# 616611
Contract Information
Current Price: $774,900
Listing Date: 2025-09-22
Listing Board: Marathon/Lower Keys
List Price: $774,900
As is Rght to Inspct: Yes
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 (100.0)
Area: 27 - Key Largo MM 97-107
General Property Description
Realtor.COM Type: Residential - Condo/Townhouse
Style: Condo
Waterfront: Yes
Control Depth: 8
Unit/Complex: Unit
Pool: Yes
Year Built: 1975
Living Apx SqFt: 918
SqFt Source: Property Data Card
Total Bedrooms: 2
Full Baths: 2
Total Baths: 2
Floor Number: 1
Rentals Allowed: Yes
Status Change Info
Status: Active
Association Info
Mandatory Home Owners Asc: Yes
Condo Doc's: Yes
Voluntary Home Owners Asc: No
1st Right of Refusal: No
Assoc Approval Req: No
Association Fee $: 771
Maintenance Fee $: 385
Assoc/Mnt Fee Per: Monthly
Building Style
Above Flood: Unknown
Stories: 2 Stories
Property Features
Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Exterminating; Security; Sewer; Water; Other
Tax Exemptions: None
Waterfront: Oceanfront; Salt Ponds
Waterview: Salt Ponds
Dockage: Boat Ramp; Other Dockage
Property Condition: Updated/Remodeled
Building Style: Townhouse
Vehicle Storage: Guest Parking; Open Parking; Trailer Storage
Furnished: Furnished
Cooling: Ceiling Fans(s); Central Air
Heating: Central
Utilities: Cable Available; Elect Separate Meter; Water Separate Meter
Interior Features: Drapes/Blinds Incl; Granite Counter Top
Pre-Wired: Cable; Optical
Appliances: Dishwasher; Disposal; Dryer; Freezer; Ice Machine; Microwave; Oven; Range; Refrigerator
Exterior Features: Chickee Hut; Sandy Beach; Tennis Court(s)
Pool Info: In Ground
Construction: CBS
Shutters: Accordion
Floor: Tile
Roof: Metal Roof
Pets: Pets Allowed
Neighborhood Feature: Beach; Community Boat Ramp; Community Dockage; Community Pool; Manager on Premises; Tennis Courts
Security: Electric Gate; Manned Gate; Patrolled Area
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional
Room Information
Bedroom 1
Level: Second
Bedroom 2
Level: Second
Full Bathroom
Level: Main
Kitchen
Level: Main
Dining Room
Level: Main
Full Bathroom
Level: Second
Listing Office: Real Estate Sales Force - Coral Gables
Last Updated: December - 11 - 2025
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.
