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1500 Ocean Bay Drive DRIVE #E5

KEY LARGO, FL 33037
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$813,000 $3,427/Mo
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Bed 2

Bed

Bath 2

Bath

SqFt766

Sqft

KAWAMA YACHT CLUB BEAUTIFULLY RENOVATED 2 Bedrooms - 2 Full Bathrooms Unit E5, CBS Block Townhome located on a beautiful Saltwater Lagoon in an Oceanfront Manned Gated Community, in the heart of Key Largo. EXCELLENT RENTAL INCOME, one of the few Florida Keys properties that can be rented DAILY-NIGHTLY, the majority of the Keys rental properties can only be rented every 28 days. CURRENTLY GENERATING RENTAL INCOME of $98,980 yearly. Being offered Turnkey, this lovely Townhome is ready for you to use or rent day one. Extensively renovated, beautiful Kitchen featuring Stainless Steel Appliances, Custom Cabinets and Lighting, Tile Backsplash, and Plantation Shutters. Newer Daikin AC unit with an 8 year warranty. Spacious Living-Dinning aera, beautiful Water Vistas of the Saltwater Lagoon. Scr eened-In Patio with lovely Water Vistas of the Saltwater Lagoon. Beautiful Wood-Laminate Flooring throughout the lower floor and patio area. Spacious and Beautiful Master Bedroom featuring a Private Tiled Screened-In Balcony overlooking the Saltwater Lagoon below. The Master Bedroom also has a Wall Mounted TV, Ceiling Fan-Light, Beautiful Tile Flooring, and 2 Spacious Closets. The Second Bedroom features Tile Flooring, Ceiling Fan-Light, Plantation Shutters, Ceiling Mounted TV, and a Spacious Closet. Large Open Covered Patio at the entrance to the Townhome, great place to Barbecue and entertain family and guest. Community Boat Storage and Marina Boat Ramp, launch your boat on the Ocean side, World Class Fishing and Diving. This lovely community has 2 Sparkling Heated Pools, one has a wonderful Beach that leads into the Saltwater Lagoon, great for Kayaking, Paddle Boarding, and Rafting. The other Pool has a Large Tiki Hut, great for gatherings and events. Tennis and Pickle Ball Courts. Jetty with a Gazebo, Oceanfront Beaches, Tiki Huts and Bar-B-Q Grills. Excellent location to local shopping and restaurants. Miami Airport is only a 90 minute drive. Kawama Keys Paradise Awaits!

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Detail Ic Property Details

Property Type : Residential - Condo/Townhouse

Price : $813,000

AD Id : 76873378

MLS Id : 619402

Beds : 2

Living Area Size : 766

Year Built : 1975

County : Monroe

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total Bedrooms: 2 Laundry Room

    Bathroom Information

    Total Baths: 2 Full Baths: 2

  • Interior Features

    Drapes/Blinds Incl,Smoke Alarms,Storage Appliances: Washer,Stainless Steel Appliance(s),Microwave,Oven,Range,Refrigerator,Dishwasher,Dryer

  • Roofing Information

    Metal Roof

    Flooring Information

    Tile,Laminate

    Heating & Cooling

    Cooling: Central Air,Ceiling Fans(s) Heating: Central Water Front: Yes Oceanfront,Salt Ponds Salt Ponds

    Window Information

    Window Treatments: Single Hung Windows,Sliding Glass Doors

  • Building Information

    Year Built: 1975 Total Units: 0.00 Floor Location: 0 Construction: CBS,Concrete Security System: Electric Gate,Patrolled Area,Manned Gate Roof: Metal Roof

  • Pool Information

    In Ground Heated: Yes

  • Lot Information

    Lot Dimensions: X Lot SqFt: 0 UNIT 5 KAWAMA YACHT CLUB OF KEY LARGO PHASE ONE SEC ONE BLDG E OR686-815 OR777-526 OR811-46 OR1184-392 OR1220-218 OR1451

  • Property Information

    SQ ft (Living Area): 766 View: Salt Ponds Subdivision: Kawama Yacht Club (100.0)

  • Listing Price Information

    List Price: $813,000

  • Listing Information

    Cash,Conventional

  • Tax Information

    Taxes: $5,225 Tax Year: 2025 Parcel Number: 00090491-000505 Tax Exemptions: None

  • Virtual Tour

    Virtual Tour (External Link)

  • Multi-Unit Information

    Pets Allowed: Pets Allowed

  • Homeowners Association Information

    Mandatory Home Owners Asc: Yes 1st Right of Refusal: No Association Fee: $850.00 Assoc/Mnt Fee Per: Monthly

  • Utility Information

    FKAA,Cable Available,Buyer to Verify,Municipal Sewer
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Nearby Home Value

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104500 Overseas Hwy #A302, Key Largo, FL, 33037 $825,000 2 2 1,282 1,282 SqFt
97501 Overseas Hwy #114, Key Largo, FL, 33037 $1,599,000 3 3 1,876 1,876 SqFt
104500 Overseas Highway.., Key Largo, FL, 33037 $825,000 2 2 1,282 1,282 SqFt
104350 Overseas Highway.., Key Largo, FL, 33037 $799,000 2 2 930 930 SqFt
104350 Overseas Highway.., Key Largo, FL, 33037 $625,000 2 2 947 947 SqFt
104350 Overseas Highway.., Key Largo, FL, 33037 $775,000 3 3 1,146 1,146 SqFt
104350 Overseas Highway.., Key Largo, FL, 33037 $639,000 2 2 930 930 SqFt
104000 Overseas Highway.., Key Largo, FL, 33037 $299,000 3 3 2,300 2,300 SqFt
104000 Overseas Highway.., Key Largo, FL, 33037 $350,000 3 3 2,352 2,352 SqFt
104000 Overseas Highway.., Key Largo, FL, 33037 $350,000 3 3 2,352 2,352 SqFt

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ByOwner last updated this listing 06/10/2026 @ 01:33

MLS: 619402 LISTED BY: Dan Cloud , Water Vista Realty, Inc. 305-396-7844 SOURCE: Florida Keys MLS, Inc.

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